Evening star., 1925-03-13
NEW TYPE BUSES
PROVING POPULAR
February's Passengers 5O,-
600 More Than in Previous
Month, Report Shows.
BY CHAS, II. SHAEFFER.


The popularity of the new double
decked busses recently put into
operation by the Washington Rapid
Transit Co. is evidenced by the earn
ings statement of the company for
February. just filed with the Public
Utilities Commission.
Despite the fact the month was
shorter by three days than January.
5O,l77 pay passengers in excess of the
previous month availed themselves of
bus facilities. The total carried
amounted to 97,014, as against only
546,837 in January Officials Of the
company state practically all this in
crease Is chargeable to the four new
which operate on
sixteenth street. These officials state
that Sundays and holidays are the
pest revenue producers for this type
OF bus, thousands Of people making
tour of the route simply for the
pleasure and relaxation afforded
February's earnings, however, suf-
Ter by comparison with the previous
month, despite an increased rate
which became effective the first of
the month. Operating on a straight
lucent fare, or five tokens for IS
cents, the company had a net cor
porate income Of s3,81S in February.
as against 81, AL the previous month.
January's total, however, was swell
ed by some incorporating income
gained through the sale of busses
while February's was deprecated by
an abnormal deduction of S14g4
which was charged off for tires sent
away on busses turned in
Iotal revenue from transportation
during February amounted to s36.-
800 with operating expenses of 800
IA Ihlrty-nine busses were in use
OF 1881 live miles.
Secretary Is Chosen.
The position of second assistant
secretary was provided for at yes
terday's meeting of the Washington
Gas Light Co, and Edward t, Star
Iord OF the secretary's office was given
the appointment
Railroads Use More Oil.
The principal railroads of the coun-
try used about 100000 barrels more
oil in locomotives during 1929 than
the year before the total consume
tion OF 63.2O6.034 barrels. comparing
with 5S,005,295 in 1928 of this
amount 5l.251,563 barrels was domes-
Tie OIL and ll,954,471 barrels Mexican
Local Stock Trading.
Lanston Monotype and Railway
common stock continued as features
on the local market today, the former
Selling to the extent of l2O shares
upward to 50, with 10 shares of the
former changing hands at lOS, the
highest level ever attained by this
issue
Capital Traction stock suffered an
abrupt break to 81 on sales Of Is
shares
Bnnk Rate Lowered
RGfiSPnnnfc
eral Reserve Bank at the close Of
business March IL showed but slight
change from the preceding week. but
chiefly as a result Of a continued de-
cline in gold reserves the ratio was
brought down from 1880 to 1859
Rediscounting operations last week
totaled $50, $4,000, against S3O,lO4. 600
the previous week. This represents
an increase of about $4,000. 600 above
the low level of few weeks ago. but
Is still about 30 per cent less than
the volume al this time last year
MoOdy's Weekly Review.
Moody's Weekly Review of Fnan-
cial Conditions SAYS, in part:
sentiment is undoubtedly Conserva-
tive almost to the point of bearisb-
ness. Expectations based upon no.
lltlcal and stock market Improvement
We're so oVeroptimistic that now Deo-
pie are disappointed. Very likely this
may be the chief trouble with the
situation.
The very same overoptimism
caused the stock market to rise faster
than trade improved. so that now
it is a question whether stock prices
Will fall back to parity with trade.
or whether trade prosperity will
swiftly rise to a parity with stock
prices.
In view of this enigma, and of a
price level so high that every one has
profits, 1t seems reasonable to take
profits upon a goodly fraction of ones
holdings. This remains true in spite
OF the economic probability that the
market, whatever its course in the
meantime, should be at a high or
higher level next Autumn.
Tobacco manufacturing companies
are in strong position They have
on hand large stocks of leaf tobacco
at moderate costs; finished tobacco
products are rising in price, and mar
gins of profit are showing healthy
growth. Consumption of tobacco
sooos promises TO increase in re-
sponse to growing general prosperity
copper companies, too, are favored
by trade trends. The further expan-
sion of untitled steel orders. the
activity Of the electrical equipment
business and the large Improvement
plans of railway and public utility
corpora tions all point to higher COP
per prices"
Treasury Loan Allotted.
total of s5O9, 9,617,10O was allotted
on the new Treasury loan as of March
Is, according to detailed figures given
out by Secretary Mellon this after
noon. OF this, $29O,154.7OO represent
ed allotments on the additional offer
ing OF per cent Treasury bonds of
1s44-54. and the remainder was allot-
ted in certificates of indebtedness
maturing in nine months.
The Richmond Federal Reserve dis
trict Jared to the extent of $12,599, 800
of the former ana $7.122,500 of the
latter