Evening star., 1926-03-26
PASSENGER LOSS
FELT BY v. R. Co.
Decrease of $3.50. in Op-
Grating Income for February
Noted in Report.
BY EDWARD c. STONE.

According to the report for Febru-
ary filed by Washington Railway ami
Electric Co. with the Public Utiliti.,
Commission today the carrier .,uffe et
q loss in passenger traffic during he
month Of 2.20 per cent in the District,
or $4,000 passengers, in comparison
with the same period a year ago. The
loss Is ascribed by company officials
to the steady increase in the number
OF privately owned automobiles
During the month in review the
company's operating revenues total
ed 1868. .497, In comparison with 1885,
897 for February, 1925. Operating in
come. according to the report, show
ed a loss of $3.50. The company's net
income, however, reached s259,709.
compared with g. total of S225,722 i'm
FEBRUARY, 1925. The report shows
that this heavy increase in net in
come for the month was brought
about by $4,000 additional dividends
from the Potomac Electric Power Co.
The company also included in the
report filed today the statement of the
city 4 Suburban Railway. which had II
net income of s4.313 for February.
1926, and net income of s8,272 FOR Fen
fuary, 1926. Net income for the first
two months of this year totaled $40.
905, against s16,042 for the same
period a year ago. The Georgetown &
Ienleytown Railway reported a nei
income OF s545 this year In February.
against $977 a year ago, and net in
come for the first two months this
year of 1896, against $3.50 last year.
The February report of the Potomac
Electric Power Co. placed gross earn
lngS from operations this year AZ
STOl $50 and $613,676 for the same
period in 1925. an increase Of $500
Net income for the month was $274.-
III, compared with s244.606 in 1925.
showing gain Of $29,564 over the
same period year ago. In connec-
tlon with this substantial increase. it
is stated that one reason for it was
that there were many more dark days
in February this year than last, when
the sun was much less friendly toward
users of electric current.
Trading OH Local Board.
Washington Railway & Electric pre-
ferred was the most active issue traded
in on the Washington Stock Exchange
today. There was a turnover of 10
shares in three transactions at 9O14.
the recent prevailing price level.
Twelve shares of Capital Traction
stock changed hands at 104, the same
price as yesterday. Potomac Electric
Power preferred brought 106 on two
10-Share sales.
Twenty shares Of Continental Trust
Go. stock came out at par. the same
figure recorded in yesterdays trans
actions. Lanston Monotype stood at
SO on very small sale.
In the bond division Potomac Elec-
trio cons. SIS brought 99A, and Chesa-
e.. I1% IL ~ If,.
ginia 5s figured in one sale at 99ls.
Drug Store Profits Jump.
Net profits of Peoples Drug Stores.
Inc. for 1925 rose to S421,262 from
S343714 the year before. This was
equal after preferred dividends. 10
S3.41 share on the common. against
S2.62 a share in 1924. Sales were
s.. .208.979. compared with S4,Sl3.809.
The company's net working capital at
the end Of the year was $692,99
against 0391 .566 at the close of 1924
This annual report just made IN
New York is of special interest to
Washington. where this chain of
stores operates. Peoples Drug Store
stock was listed on the Washington
| Stock Exchange last week after being
given the usual investigation by the
| board of governors. So far no local
| transactions have been reported. This
| stock was offered on the local nX-
change today at 1861 on which 103
| was bid.
| The stock has been on the New
! York Curb for some time. but trading
| in New York in the issue also has
been quiet.
/ Bank Declares Dividend.
The board of directors of the Ma
tional Metropolitan Bank met yester
day and declared the usual semi-an
nual dividend of per cent, according
| to announcement by George w. White
! president of the bank. The dividend is
| payable on April Is. The books for
| the transfer of stock will be closed
| from April to IA inclusive.
| This bank. which was organized H.
years ago, includes among it's officers
| in addition to Mr.. White, o. p. H.
! Johnson. vice president; G.. F. Jacob
sen, cashier; Frederick. Dec. Faust
trust officer; j. Gales Moore, auditor
Charles f. Bright, Albert ii. Bedford
and c. Louis Eckloff, assistant cash
iers.
Roads Profits Fall or.
The Pennsylvania Railroad Co. re
ports a net railway operating income
for February of 81 .634 ,0S3. or S449. .031
less than in the same month of 1925.
The net for the first two months of
,, 1926 totaled $10,555.417. or $4o9 ,523
more than in the same period of the
previous year. Operating revenues of
So1.617.729 show a gain of S1.S1O,O55.
| and operating expenses of S44.3S1. .204.
an increase of S2,173,S10 over Febru.
| ary, 1925. Operating revenues and
| operating expenses of S105, 5,96S,S57 and
$S9, ,70S,906 show increases of $2,S42.-
9OS and $2.314,247. respectively, over
! the first two months of the previous
year.
Deyber to Give Radio Address.
Victor B. Deyber, president of the
Second National Bank. will broadcast
| a talk on banking from WCAP at
| $50 this evening.
| Members of Washington Chapter.
American Institute of Banking, will
! visit the Bureau of Engraving and
| Printing tomorrow afternoon. the in
spection beginning at o'clock.
The Baltimore and Ohio Railroad
will share in the 200 per cent stock
dividend declared by directors Of the
Cincinnati. New Orleans and Texas
! Pacific Railway.
The volume of freight traffic
handled by the class / railroads in
January amounted to 37,67S, ,2S6 900
net ton miles. according to reports
| just filed today by the carriers with
the Bureau of Railway Economics.
! This was an increase of 652 $50 900
net ton miles, or is per cent above
3.16S 100000 net ton miles, or 90 per
4