Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-28
CAPITAL TRACTION
INCOME SMALLER
July, 1926, Figure Tops Last
Year, But Is Below the
Total for June.

The Capital Traction Co. had a
more successful July this year than
last, but revenue fell Off somewhat
from that of the prior month. June. OF
this year. according to the monthly
report filed today with the Public
Utilities Commission.
Total receipts were $363.956.1S for
July this year. as compared to $3.50
937.41 in July last year and S3SS.670.6i
in June this year.
Total expenditures were SCHOOLGIRLS
for July this year, as compared to
S318, 515.17 last year, leaving net in
come in July this year of $33.7S6.52
and in July of last year S32.422.25.
During June of this year net income
was $50 .47S.29.
The number of revenue passengers
carried this July was 4.9S1.179. az
compared to 4.925.4S2 last July and
5,315, 431 June. 1926.
For July this year railway receipts
were S345. 520.94 and bus receipts. Sl4.-
49O.79, as compared with railway re
ceipts of $343 1861 and bus receipts
of S5.08S.62 in July. 1925. and RAILWAY
receipts of 1861. 1854 and bus receipts
of S16,17O.36 in June. 1926.
Bank Clearings Smaller.
Bank clearings in Washington fell
off, the figures this week standing n:
sec. 673. 945.06 as compared to $23. 1903.
475.54 last week.
The Otis Elevator Co. has been
| awarded the contract for the elevators
to be installed in the National Press
Building. at Fourteenth and + streets,
it was announced today by Frank r.
Dunlap Of the Fuller Construction Co,
general contractors for the building.
| The amount of THE contract was not
made known.
Activities at High Pace.
In it's review of business. r. @.
Dun & Co. declares that variations In
business have not been lacking, vet
| activities have continued at q rela-
| lively high level in different channels.
Allowing for seasonal restraints, ="
the review says, results in the month
| now closing have been unusually ia
vOrable, on the whole, and most of the
statistical barometers point upward
| The heaviest railroad freight traffic
| ever reported for this period and q
| rate of steel output that foreshadows
| a new high record this year, are out
| standing features. while merchandise
exports have increased. the number of
| failures has decreased, and gains in
| bank clearings are shown by many
| cities. The latter phase is the more
! significant, because declines in COM
| modify prices have predominated OF
| late, with "a of a total Of so changes
! in Dun's list this week being in a
| downward direction. Yet more firm
ness prevails in some quarters, in
Guiding the cotton goods market, and
! the large attendance of visiting buy
ers at the principal centers, indicates
that various supplies are in need of
| replenishment.
| Generally. the purchasing policy re-
mains one of making moderate sized
commitments only and chiefly for
nearby shipments. but such orders are
repeated frequently and in the aggre-
gate are of very large volume. The
! practical absence of speculative ex-
| cesSeS in trade Is reaSsuring sound
basic conditions strengthening pros
| poets for a good Fall business, and
| conservative optimism Is the ruling
sentiment. The weather has recently
been less favorable for the progress of
crops and the latest cotton estimate
was below expectations. yet large
harvests of the leading farm staples
are foreshadowed and the movement
of wheat has been conspicuously
heavy. The price for that cereal
partly owing to the large increase in
| the visible supply, has fallen still
! further, but the quotation on cotton
advanced this week in response to the
smaller Government crop forecast and
reports of a tropical storm along the
Gulf coast.
The annual dinner to bank women
of Washington will be held on Sep
TENDER 81 at the Women's City Club,
| 1t Is announced by the women's com
mittee of Washington Chapter, Amer
| lean Institute of Banking.