Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-02
W.R. & T. JULY NET
SHOWS BIG GAIN
Pepco Income for Month Is
Larger Than for Same
Period Last Year.
BY EDWARD c. STONE.

Net income of the Washington
Railway and Electric Co. during July
amounted to S40.627.35, which was far
ahead of the income of the same
month last year and also we'll above
the net income of the previous month
this year. according to the monthly
report filed today with the Public
Utilities Commission. Net income in
June this year was S36,114.O9. and IN
July last year it amounted to
S22 1855
The report further shows that oper-
atinG revenues during July reached II
total of S4o3 ,S94.7O, compared with
S414.S3S.9O for the preceding month
and 1884,. 9S5.5S for July. 1925. Pas
senger traffic showed the usual July r
let down, the lines inside of the Dis
trict having carried 7.4S1. 614 pay pas
sengers, compared with S.OS2.697
during June. Total passenger,
carried on the CompanyS lines
| for the year up to July 81, number
| 56.467, 594.
The City and Suburban line report
ed a loss of S10.044.75 during July.
compared with profit in June Of
S5.490,93. the decrease being due TO
heavy paving costs. The Georgetown
and Tenleytcwn line cut it's losses
from over S11 900 in June to 81 ssh so.
while the Washington and 1nterurban.
which operates only busses. reported
loss during July of Sl,212.05. against
81 ,70S.11 in June.
Pepco Report Also Filed Today.
The July report of the Potomac
Electric Power Co. was also filed with
the Utilities Commission today and
showed small decrease over the
figures for the previous month. but
marked gain over the returns Of July
1925.
The July net income was S16s,
275.03. while in June it amounted to
174.56 90. but in July. 1925, was
down to S126, 1856. The power COM
panys operating revenues for the
month reached 1856. 100.16, compared
with S615,53607 for the previous
| month and S519,s20.10 for the month
| of July last year
The slump in July net earnings ami
gross revenues brought out in TIN.
comparisons is seasonal. AS the de.
mand for electricity is always lower
| in Midsummer.
Company Mails Out Checks.
| The Security Finance Corporation Is
distributing checks today 10 It's stock
| holders covering the second semi
annual dividend on preferred stock al
| the rate of per cent per annum. The
| company. which makes IL feature of
| tltltIIcu IStN IiltIt uOtVN di
| ing through the installation of per
manent home improvements. reports
substantial business progress. The
present directors of the company.
! which has Headquarters in the invest
ment building. include: Claude II.
Owen, president; Merritt q. Chance.
! vice president: James r. Evens, vice
president: William Conradis. secre-
tary: John l.. Chamberlain. treasurer;
Joseph Il. Jacobs. Frederick w. Quin
ter, A. H. Greenwood. Edwin +. Elicit,
William Il. Gotlieb, Edgar Morris, r.
Lincoln Townsend and a. ID. Loftier.
! Capital Traction Advances.
| Capital Traction stock advanced Ia
| 1854 on the local exchange today
when other issues also displayed
strength. Washington Gas Light was
up to 711a. Il gain of half Il point
over yesterday. and SO shares Of
Washington Railway and Electric
preferred sold at 90ls. Ten shares
of Riggs National Bank stock
changed hands at 455 and the type
stocks developed increased activity.
Lanston opened at 80 on three sales
and closed at S9i2, while Mergen-
lthaler first appeared on the board at
104 q and rose to lO5 on Il turnover
of % more shares.
! In the bond division Washington
Gas 5s sold at 101 and Gas 6s sold NJ
l1O45s, these being the only two issues
dealt in during the session.
Bankers Report Prosperity.
| Fifteen pages of this weeks issue %:
1.-THE Manufacturers Record are devoted
to letters from bankers in Virginia and
West Virginia. North and South Caro-
lima. Kentucky and Tennessee as 70
the business outlook in these states.
Running through these letters is a
tone of conservative optimism as to
the conditions which prevail. Only
here and there is found a note OF pes
simism because of some local condi-
tions. but these peSSimistic notes are
so few and far between as not I"
count seriously i'm the general trend OF
the reports.
OF the six States. North Carolina
letters sound the strongest note OF
optimism. although the Tennessee re
ports as a whole very nearly. If not
quite. match those from North Caro-
lima West Virginia appears the least
hopeful by reason of the long dcpreS
sion in the coal industry in that state.
In North Carolina Il network of mag
ni<icent highways. built in an aston
ishingly short time, an enthusiastic
spirit for general State upbuilding, az
expressed in it's educational and road
quitting anu
Dor conditions are specially mentioned.
Little Municipal Borrowing.
state and municipal bond fiotations
of $50. 9O2 .239 in August show "A de.
| cline of S31 0OO. 900 from the July
total and are $50. 200. 900 under that
of June. In August. 1925. new issues
aggregated SS7 1851 1t is necessary.
according to The Daily Bond Buyer
of New York. to go back to September
1923, to find smaller monthly total
than that recorded for last month.
Based on the figures for eight months
of the year, 1926 is running behind
both 1925 and 1924 totals
Personal and Other Notes.
Charles r.. Howe cashier of the
American Security and Trust Co, has
| returned from Il months vacation.
which he passed at his old home at
, Miff1intown. Pa. His friends say this
| was the longest vacation he has TAX
| en- i'm - years without coming back
once or twice to drop into the bank.
| His next outing will be 1t visit to the
Philadelphia Exposition.
George f. Fleming. vice president
| of the Union Trust Co. has returned
TO his desk after three weeks absence
due to a fall which caused a painful
knee injury. He is still Obliged to use
crutches.
Albert s. Galley. vice president of
! the Lincoln National Bank is enjoy
! ing a three-week motor trip through
Ohio. Indiana and Kentucky.
Assistant Cashier William II. How
ard of the National Bank Of Wash
| ington. is taking two weeks vacation.
G.. r. Iyddane, one of the vice pres
idents of the Federal American Bank.
has ret turned from his vacation, which