Evening star., 1925-01-17
v. R. T. REPORTSNET
RETURN OF 6.72 PC.
Balance of $258,O36 Left
After Payment of All
Charges During 1924.
BY CHAs. II. sHAEFFER-

return of 6.72 per cent on the
invested capital stock OF $4,000. 600
was rea lized by the Washington Rail .
way and Electric Co. for it's opera
tions during 1924. according TO an
nuai report submitted to stockhoId-
ers by w. f. Ham, president OF the
utility shortly after noon today.
The company reported q net bal
ance for the year Of S25S,O36.O7 after
payment of ) per cent dividends on
the $S,5O0,000 Of preferred stock, and
similar disbursement on the $4,000
600 of common.
Gross earnings from operation
amounted to $4,759,243.e6, while mis-
ceLaneous income, which consists
mainly of Potomac Electric Power
company dividends, totaIed SS5s
oVE-4e. Operating expenses, including
appreciation, taxes and miscellaneous
charges, totaled S3,S2062I7O. while
interest on funded and unfuRded debt
amounted to S790,675.84. Preferred
dlFldend payments resulted in a dis
oursement OF $4,000 during the
year while returns to common share
hoiders accounted for S325, 600 more.
miscellaneous items credited 70
Proht and loss during the Il months
amounted to the insignificant sum Of
$I,287I9
A total of 77,7S6, ,675 revenue mas
sensers and %, ,613.607 transfer pas-
/ sehgers We're carried during the wear.
| the number being equivalent to a de-
| crease Of 4.6 per cent as coynnarad
! with the preceding year. Passenger
traNei was reported to be falling of
| steadily since the peak in 1919. when
! SIr46S, 80 pay passengers avatleG
themselves Of the utility
| Ihe condensed statement for tn.
years, sugject to revision upon fa.f
~ Iz
Gross earnings from
| operation ......... 81 Tj9 243 96
/ Miscellaneous income
| tincluding dividends
from Potomac Elec-
| tric Power Col.... s5s, ,SO2 46
Gross income ..................S56Is =
| Gncluding deprecia-
| tom, taxes and mis-
- eellaneous charges. 50, $50. .s21.7o
| Interest funded
| and unfunded debt 79o 675sf
| Payment Of dividend
stock ............. 425 OOo.co
Payment Of dividend
on common stock
-- 5,3al -a7 -.i
Balance OF income for year 1924.
cred credited to profit and loss. s25s,74s S.
Miscellaneous items credited TO
pfont ana loss-.-.... ....-....--.- l,2ST-i3
Total credit to profo and loss
during the year .....-....-. S25S. .0Ss 0T
Mr.. and Mrs. Bell Given Dinner.
Charles ]. Bell, president OF tn,
American Security & Trust Co. with
Mrs Bell, was rendered a farewell
dlnner at Rauscher's last night, in
cldent 10 his early sailing around the
world. The diners, numbering gao
included officers of the bank. direc-
tors, members of the advisory com
mittees and the enlisted" personnel
Added to Bank Directorate.
y. S. Corby and Frank s. Shipe
have been added to the directorate 81
the Chevy Chase Savings Bank, IN ad-
dition 10 the reelection of the old
board
Officers of the institution Will he.
chosen next Tuesday
Park Savings Officers.
The following directors of the PARK
Savings Bank have been reelected
! for the ensuing year:
! Frank z. Altemus, Wade H Atkin-
| son, Charles W Bolgiano, L r.
! Breuninger, Charles S. Bundy Joseph
| W. Cox, II F. Dismer, ]. o. Gheeu.
=: 7. Goodman, l. W. Groomes.
| Charles Z. Gross, J. H. Holuoead. G. F.
Jenkins, a. F Jorss, ". ". Kenn edy.
FRANK hidwell, W. H. hIopfer. A c.
Iampe, 3. Leonard, y. Mountford, G.
Z Murray, H A. Polkinhorn
George A Provost. Thomas SomervilIe. :
/ Thomas Somerville. jr.: J. Robert
! SommerviIle, Robert S. Stunz, ". &.
! Todd, NJ L. Twogood W. NJ Wales
! Geor +. Walker. George ". White
and = Wineberger
The officers, reelected. follow.
Thomas Somerville. presiden. Wal
/ ter H. klopfer, vice president: George
+. Walker, vice president: W. 3. Todd
secretary; Robert ). Stunz, cashier,
B. Mcneil, assistant cashier; Joseph
w Cox, attorney; George A. Provost,
general counsel
Clinton Banks Election.
Directors of the Clinton Bank, re-
elected for 1925, follow:
Wallace r. Pyies, Frank Small jr :
! Thomas :. Gwynn, Charles II Gardi-
ner William T. Thorne. John e
Pyles, r. Lee Manning, W. Gilbert
Dent, William E. Penn and Grafton
c. y. Townshend.
Gilbert Dent was reelected president;
Frank Dent, cashier, and Frank Sell
by, an employe of the bank, was
elected assistant cashier
Three New High Marks.
| Three issues established new high
marks I'm recent years on the Wash
ingtCn Stock Exchange this morning
Railway common sold upward to par
and an eighth. Washington Gas
! brought 54I4 and stock Of the Ma
| tional Metropolitan Bank sold at 2S2
| other active issues We're unchanged.
except I.auston and Mergenthaler.
| both of which s Id off fractionallv