Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-27
B. & 0. NET INCOME
SHOWS BIG GROWTH
June Figure, $5,271,163,
Against So, 1893, GOA for
Same Period Last Year.
BY EDWARD C.. STONE.

more and Ohio Railroad for June
jumped TO $5,271, 1853 from $3,33S, 664
in June of last year, making an in
crease of 81 1892 $40. according to the
monthly report given out at 10 O'Clock
this forenoon. Net railway operat
ing income for the first half year
reached $20,813,583. against S15715-
Az for the first half Of 1925. June
gross amounted to over S21 900 900.
an increase of $2,395,142
The SeabOard Air Line Railway re-
ports for six months ended June 80.
1926. surplus of S1,966. 424 after taxes.
rentals, fixed charges. etc, but be
fore adjustment bond interest. equiva-
lent after allowing for per cent adj
Justment bond interest and dividend
requirements on the 4 per cent and
per cent preferred stocks TO S232
share earned on outstanding 370.i9
shares of common stock. This com
pares with 81, 900, or $3.50 a share
in first six months of 1925.
Trading Covers Many Issues.
Stocks and bonds shared interest
about equally on the Washington
Stock Exchange today. Five shares
of Capital Traction stock sold at
1037s; 20 shares of Potomac Electric
Power preferred changed hands at
1888; Railway preferred came out at
S9H, and 20 shares of National Mort.
gage and Investment preferred re-
corded sale at SA. Mergenthaler
Linotype registered q sale at 1863,
and closed at 1851.
In the bond division Capital Trac-
ton 5s brought 1O1. closing at 1905.
Georgetown Gas as sold at par on
transactions totaling $4,000 while
ITlc oh iT,Sy 1of1 fYin Ac
brought S2A The bond market
closed with one of the Washington
Gas 6s, so-called baby bonds, selling
at 103.
Chaplin Sacks Sfs preferred stock
sold in the unlisted department today
at SO, advancing later on the sale of
two shares to 100.
Telephone Expenditures Voted.
To provide facilities to take care of
the rapid telephone growth in Wash
ington the directors of the Chesa-
peake & Potomac Telephone Co. ap-
proved today additions to the under
ground conduit and cable system and
the installation of certain trunk
in each of the central Of
fees involving expenditures of
s457 900.
Charles T. Clagett, division manager
of the company, states that there are
now 1916, $3.50 telephones in the District
of Columbia net gain of 1929 hav-
ing been made during the first SIX
months of this year.
Southern Diaries Sales Gain.
Net sales of So .231. 491, as compared
with S3,153,S20 in the same period
of 1925 are reported by Southern
Diaries, Inc, and subsidiaries for the
first six months of 1926. Cost of sales
and expenses was $4,10S,461, against
81, 500, 1928. and gross profits S1,123,030.
against S559,992 in the first six months
of 1925. General and administrative
expenses were $3.50 ,S39, against SAL
1852, while other deductions amounted
to $122,924, against $2S,O4S, leaving a
net profit before depreciation and Fed
eral taxes of $739,267. This latter
figure compares with S390,192 in the
same period of 1925.
Gets Seat on Local Exchange.
Thomas W. Brahany, who has just
become a partner in Crane. Paris &
Co, was elected to a seat on the Wash
ington Stock Exchange today at
meeting held just after the usual
trading session. Previous to becom-
ing identified with Crane, Paris &
Co, Mr.. Brahany had been doing bust
ness under the name of Thomas w
Brahany & Co., and making a special
ty of public utility securities.
Convention Delegates Home.
The local delegates 10 the Institute
Of Bankings convention at Dallas.
Tex, have reached home, and I. Hun
ton Leith, head of the local chapter.
said TODAY il was the best of the four
L. Of
cussions proved of much value and
the trip to and from Texas was all
that could be desired. Harold w.
Burnside was placed on the national
forum committee and r. Jesse CLANCY
made a member of the presidents
conference committee. In addition to
Mr.. Leith. those from here taking the
trip included William G. Winstead,
Miss S. Winifred Burwell and II. II.
Darneille, from the National Metro
Dolitan Bank; Joseph d. Yerkes and
Miss lois A. White, Federal-American
National A. L. Henze, w. b. Hlbbs 4
Co; A. w. Sherman and II. +. Kim
ball, American Security and Trust Co.
and III. w. Dennison and Esther r.
Lau, Riggs National.
Treasury Financing Planned.
The Treasury has made known Off.
ciallv that it would be in the market
for funds in the middle of September.
This announcement is in accord with
fairly definite predictions made Dy
Secretary Mellon at the time OF the
June maturity. and it confirms what
has been the general market belief.
The effort put forth in absorbing the
lime maturity without refinanclng
naturally curbed the Treasury's free
dom of action in September. That the
Treasury thought a formal statement
worth while is somewhat unusual.
Other Financial Notes.
The Federal Reserve Boards re-
mort for the third week in July shows
that in the Richmond district total
hank debts stood at $32l,7fO,OVV,
against 1921. 269,O 900 in the compare
| tive week a year ago and S3l5,2Vo.-
O00 in the week ended July IA, 1875.
/ Pennsylvania railway stockholders
NUMBERED 141 1855 on July /, as com
| nared with 141,5S6 on the first OF
tune. and 146,9SS on July 1, 1873.
Francis NJ. Savage, president OF
tho Central Savings Bank, and Mrs
! Savage are at Watch Hill, h L.
| having gone there for a visit from
| York Harder, Me.
| Howe. Snow & Bertles, Inc. anu
| p r Wilsey & Co, INC, are OTTER
inq a new issue of 1920 shares Gen
aral public Utilities Co, 81 cumula
| tive nreferred stock. The shares,
without par value, are priced at 80
and accrued dividend.
,Tba Standard Co. is today oHerlnS
local investors a portion of the Slo,-
200 600 issue of Warbash Railway 20.