Evening star., 1925-01-21
BUS COMPANY NETS
S15,4(Q.88 IN 1924
Added Revenues and Pared
Expenses Result in $19,-
927 Gain in Year.
BY CHAs. p. sHAEFFER.

The Washington Rapid Transit co.
was operated at net profit Of SIS
4oO.Ss during the year ending De-
cember 81, 1924, according to state
nent by Leon Arnold, president, filed
with the Public Utilities Commission
this afternoon. These figures repre-
sents an Increase in net of sI9,s27.2S
over 1923, when q deficit of $4,526.4O
was reported
motor car revenue improved during
the year TO the extent of $14145 TO
S5SS,788 during 1924. Total expenses.
exclusive of administration, declined
s4"4eo' Administration expenses,
however, took on S11,2O7 additional
during the year. Other income
which recorded a loss OF $3.50 il
1873. reversed itself to the right side
or the ledger in 1924 and reported
profit Of s7,o63
The statement shows total assets
or S246,34s.s6. Its capitalization is
Szlo,I2o' outstanding in common
stock.
Gas Stock Highest in Years.
The highest level in years was re
corded by stock Of the Wasbjngtor
Gas Light Company today when 40
shares resulted in a net gain Of !
point TO OF. The annual meeting OF
stockholders OF this company will be
heId February 2. and except for
favorable report Of progress for the
last II months, nothing beyond rou-
tine matters will be discussed as far
as can be asce ertained at this time
The company's net for 1924 viii
amount TO & considerable excess over
1928, however.
American Security & Trust co. con
tinued upward, six shares selling ar
SI@ p Railway common was TRADED
IN at par, while the preferred wa
unchanged at fractionalIy above g.
capital Traction opened at %, bu
| soIo on half point on small lots
Bonds were dull and unchanged
Open Local Offices.
OrTis Brothers & Co, New Yor
brokerage firm, today opened loc.
Offices on the second floor at s..
Fifteenth street, under the mana gc-
ment or Juan r. Mayer well know
| Wa-shingtonian.
The firm. which was established +
1872, deals In stocks, cotton, grain
sugar, provisions etc, and hold
membership in the New York aro
Philadelphia stock exchanges, Ne.
York Produce Exchange, New Yor
Cotton. Coffee and Sugar Exchanga.
New Orleans Cotton Exchange a.
in the Chicago Board OF Trade.
American Security Elects.
The following directors were y
| elected at the annual meeting
! stockholders OF the American Securi..
and Trust Company: Clarence a As
pinwall, Charles J. Ben, Harry X
Boss, John c. Boyd, George W. Brow
Albert Carry, William NJ Coates, Wi
| liam S. Corbey, William W. Everett
| William ]. Flather, jr.; NJ. g. Gibbs
! Cary. T. Grayson, James NJ Green
| Gilbert II. Grosvenor. J. Philip Her,
mann, Joseph Letter. g Percy Nj
| Glue, Edward 3. Mclean, Howaro
/ Moran. Clarence F. Norment, New
| bold Noyes. Howard S. Reeside, f. 4
Saul. William Z. Shannon, James +.
| Shea, Charles a. Spaulding, CorcoraL
! Thorn. John E wilkins.
! Following the stockholders meeting
| directors renamed the following officers
| for the year: Charles ]. Bell. president
Corcoran Thorn, B. f Saul. Howard :
Reeside and Howard Moran, vice pres
| dents: James Z. Hood. secretary
| Charles z. Howe, treasurer Alfred s
/ Leet, trust officer: William J. Beale
! real estate officer; J. Damn Faber. audi
/ tor; David y. Houston, T. Stanley Hoj-
/ land, Kenneth T. Brooks, J. Eliot Moran
and Arthur g. Nichols. assistant trusc
| officers: Frederick p II. Siddons and
, Albert II. Shilljngton, assistant secre-
| tary: William ". Keck, Edward 7
! o.. Z.
| Harris, Percy c. Brady, Harry P. White
James c. Dulin. jr., and Fred L. Hanks
assistant tressurers; John Z. Benton
assistant auditor.
Northeast Savings Bank.
The official roster Of the Northeast
Savings Bank has been reelected for
| the year by directors OF the institu-
tion, as follows: L. I. Steusrt. presi-
dent: c r. Talbert, vice president; G.
F. Hoover, vice president; W. r
Lewis. cashier: !. B. Flynn, counsel
Since installation of the bank In
its new quarters, at 500 II STREE
no-thea ST. October %. 1921. resources
have gained SI75.5J4, President
Steuart reported.
North Capitol Savings.
The following officers of the Nortb
Capitol Savings Bank have been re-
elected for the year: Theodore
| Michael. president; Is. L. Grove, vice
president; George Clagett, vice
president; A. o. Ollie, vice president;
L. S. Burgess, secretary; P. Henry
Coates, assistant cashier; Leo A
| Rover, attorney.
as follows: Paul Allen, f. s. Burgess
George Clagett, A. O. Ollie. John A
ECkert, Charles W. Floeckher. + r.
Grove, Edward f. Hall, Joseph a Her
| bert, sr.; Allen Hollauder. W. 2
! kenealy, Theodore Michael, George z
| Phillips, NJ r. Ready. Leo A Rover
c. f. Sewers. Charles g. Stewart
Leon S. Ulman, C. II. Winslow, Charles
| z. Young, F. L. Zirkle
Miss Anne Seward, one of the lead
ing woman bankers in America, was
| the speaker and guest Of honor at the
Soroptimist Club luncheon today.
Visit Out-of-To,yp HANK.
Joseph D. Yerkes and W. NJ. Garri
son Of the Federal American National
Bank, are on an extensive research
tour with the idea of procuring the
latest ideas on savings department
equipment which viii be used in the
new bank.