Evening star., 1925-02-27
LOCAL SECURITIES
MAKE NEW HIGHS
Railway Common Sells al
1O3-Bus Company Earn
ings $4,441 in January.
BY CHAs. p. SHAEFFER

An orgy of new high prices featur-
ed trading on the Washington Stock
Exchange this morning.
or predominant interest was the
common stock of the Washington
Railway & Electric Co, which sold
to the extent of 130 shares, rising
in price to 103, a new all-time peak.
1t was strong at the opening, 102A,
advancing steadily throughout the
session.
The favorable earning statement of
the Potomac Electric Power Co, main
subsidiary of the carrier, which was
published yesterday, is thought 10
have had a favorable effect on the
common stock. The preferred stock
is restricted to per cent dividend,
the remainder of the earnings accru-
ing to the common stock. Then there
is still the matter of 26k per cent
In passed dividends on the common.
Mergenthaler Linotype made new
high at $50 on sales of 80 shares, and
Lanston, while easier toward the
close, established a new high on the
days initial transaction, s0M. Riggs
National Bank moved into new high
ground at 1872, and one share of
Security Storage Co. sold at 361, still
another high mark
Volume of trade was heaviest thus
far in 1925.
Transit Company's Earnings.
Net corporate income of the
Washington Rapid Transit Company
amounted to $4,441.30 in January, as
compared with only $189.s3 in the
same month last year, according to
statement of earnings filed with the
Public Utilities Commission this
morning.
The bulk of the gain as between
Two
opera ting income, which totaled s3,095
during the period, of which $2,932
represented the return on bus
turned in.
Total operating revenue from trans
portation amounted to $31, 1,346.76, a
gain of about $4,000 over last year,
while expenses aggregated s3e,212,
about $500 more than in January
of 1924
The company maintained 81 busses
during the past month, operating
125,140 live miles and carrying 1868
pay passengers. In the same month
of last year 36 busses operated 144, ,770
live miles and carried 354,615 pay pas
sengers. Furthermore, the months
earnings accrued from a straight 10
cent fare. or three tokens for 25 cents,
| while in 1924 a fat rate of cents
| was charged.
Banks Rediscounts Gain.
Richmond Federal Reserve Banks
rediscounts increased S1,0S3,00 dur
ing the week ended February %, and
now total S2S,6S9, 600. AS a result of
this gain earning assets were aug
mented to 37,549, 900. Total reserves
declined from S1l9, ,457, 900 to s1I4.754,-
| 600, in consequence of a reduction OF
| s4,S55, 900 in gold reserve.
Bank Prepares Tax Data.
Preparat tions of income tax returns
| is rendered a comparatively simple
matter by an "Everyman's Financial
Summary" which is being distributed
gratis by the National Metropolitan
Bank.
! The sheet lists nine columns for
| the classification of income, while six
are provided for the entry of deduc-
| tions. 1t is designed with special
reference to tax return from No. 1040,
classifying numbers corresponding.
making the actual compilation Of tax
returns a simple matter of addition.
Morris Plan Spreads.
Reports to the Industrial Finance
| Corporation, New York, indicate that
loans on the Morris plan in 1924 num-
| bered $40, 500, being 27.000 more than
| in 1923. The amount lent by the los
| banks and branches throughout the
country was $121, 1,650,000, or $4,000
| 600 more than in the preceding year.
| In IL years S610, SOC. 900 has been lent
| to 100000 small borrowers on the
| Morris plan.