Evening star., 1926-04-21
CAPITAL TRACTION
NET INCOME DROPS
Decrease Partially Ascribed
to lnroads of Privately
Owned Autos.
BY EDWARD G. STONE.

Net income of the Capitar Traction
20. Ior the month Of February. after
ueuuctlon OF all operating and other
expenses. totaled $48 ,36756. accord
ing 10 the monthly report just filed
WI Win the Public Utilities Commission
mis- net return is below that of the
previous month and the figures are
also under those of February. 1925
the decrease being PARTIALLY ascribed
70 the inrOads made on nassenoet.
tFdHlc on the street railroad bv pri
Fdtely owned automobiles. In CON
Parlson with January the important
ldct must also be taken into consid.
eidtioh thdt one was a 28-dav month
"hlle the other period covered g.
days. %
operating revenues for February are
reported as s358,739.13, while taxes
anu oIher expenses tOtaled S283449Ig
IedVlllg an operating income of So.
@94.94, from which interest and other
charges are deducted, giving the net
income above noted. In January ou
eratlne revenues amounted TO $3.50
93z.l (, expenses and taxes were S30G
.C9.4l leaving an operating income OF
so5,l03.36 and net income OF $50. .1O7 20
summary of the figures for Februar,
IN 1879 shows total operating revenue,
10 have been S360.716.43. taxes and
expenses reaching $273.844.45. opera
ing income amounting To S8G ,93l .5S
ana total net revenues after all other
deductlonS amounting TO 500 .90619
The report just filed shows that Tie
entire number Of passengers carried
during February totaled $3.50. $50
whlie in January they numbered
m g.,
year, 6,166,042. The comparison re
Veals decrease in traffic in February
OF this year of 11J.512 passengers be
low the number using the Capital
fractions lines during the same
period last year.
Local Banker Celebrates Birthday.
While basking in the balmy breezes
Of beautiful Bermuda, George L. Star
key, president OF the National Bank
OF Washington, reached and quietly
passed his fifty-seventh birthday ami
versary, his host of friends in Wash
ington's financial district having NJ
opportunity to extend congratulation.
or to decorate his Office at the bank
with the seasons best offerings in the
flower line. The big day was ver,
shortly after Charles J. Bell observeo
a similar event that drew much spe
cial attention in banking circles
Mr.. Starkey is considered one of tht
ablest bankers in the Capital and ths
National Bank of Washington ha,
enjoyed marked prosperity under hi,
leadership. He was born and ha,
always lived in Washington. his par
ents having come here from the rock
hillsides OF Maine Mrs. Starkev i,
native nf ENJr1Y & D..
have a charming home at 519 Mich
gan avenue northeast. Mr. Starkel
is a member of the Columbia Histori
cal Society. the Board of Trade ane
several other business and social OF
GdniZations.
Trading Rather Limited
Trading on the Washington Stocl
Exchange today was far from Wha
might be called feverish Interest cen
tered largely around the Potomac Elec
trio Power preferred trading post
and after the excitement in this issu,
had died away it was found that
shares had changed hands at 107 fiat
the figure being gain Of an eighth 0
a point over yesterdays market 70
the stock.
Today's market opened with a sal
of Washington Gas 5s involving a $50
transaction. the bonds being priced a
l001e.
The only other sale chalked UP ol
the board today was the transfer o
10 shares of Lanston Monotype at s.
Meeting Tomorrow Night.
New member night" will be ot
/ served by the Washington Board o
| Trade tomorrow evening at the WI
4 Ia Y-6 Tho
means that those who have joine
! during the past year will be specia
| guests of honor. Representativ
Henry r. Rathbone of Illinois wi
be the principal speaker and a buffe
| supper will be served
| The latest Board of Trade bulletin
| refers to the meeting and space i
| the issue is also devoted to a memoria
| TO the late Milton Hopfenmaier VIII
was a director in the Merchants Ban
and Trust Go.
| Banker Home From south.
Samuel J. Prescott. chairman of IN
| board of directors of the Second Ma
| tional Bank. presided at the meetin
| of the board today, having returne
| from his winter home in Miami. Fla
| He was cordially welcomed by his fe
! low directors.
! Retail merchants in the city we
| coined the warmer weather today an,
are looking for an increase in sales.
| The weekly output percentage gain
| in 1926 of all subsidiary companies il
| the North American system over cor
responding weeks in 1925 for the sam
| companies have been running from
| II to Is per cent since the first of tn
| year. These percentages represent ad
| ditional business entirely as the our
put of identical companies is compare
| for the two years.
Interested i'm Convention.
| Local business men are much III
| tereSted in the coming annual cor
| ,aDtio,, Of the J-uitad States t'baD1ba