Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-15
Of B 30.
SHOWS HUGE GAIN
$40, 7e3, 5O8.11 Net In 1925,
Against SIG, 319, 689. 62 h
1924, Is Reported TO-DAY.
BIZ COWARD G. STOVE.

Net corporate income OF the Hal.
timore ana Ohio Railroad increased
70 $20,793, 508.11 for the year ended
December 81. 1926, the annual ne.
port, made public today, shows. The
net corporate income In 1924 was
e16,31e. 6e9.62. -
Net income from railway operations
In 1925 was $43, o34,0s7.16. Total in
come was $49,524,064 and gross reve-
nue. $2S7,64e, 939.6S. Surplus, after.al-
lowance for dividends, was $10,S41,-
7l1.3l for 1925. against $e.o67 ,s24.s6
The report cites that, notwithstand.
ing an increase Of II per cent in total
revenue tonnage moved, transporta-
ton expenses decreased from $S5 3d.
764.95 in 1924 to $84,621,8 77.16 in 1925.
The railroad shared in the revival OF
trade and general prosperity Of the
country TO such an extent that its
gross earnings OF $237,546, 939 in 1925
were the largest In its history, with
the exception Of 1928. Net revenue
from railway operations was greater
than ever before.
Contributing, largely to the com.
pany's prosperity was the increased
volume Of bituminous coal. which
constifAtes the principal item Of
trafiic handled. There was also a
considerable increase in manufac-
tured articles carried. For the first
time since the termination Of Federal
control, President Willard said, the
condition of the physical property Is
as good as it was before the war.
Local Bankers to Tour West.
Several Washington bankers are
looking forward with great anticipa-
ton to the convention Of the Amer
lean Bankers Association at Los
Angeles on October {, and 6. the
circles. Among those expecting to
attend are Harry v. Haynes, presi-
dent Of the Farmers and Mechanics
Bank Of Georgetown, who will be one
Of the official delegates from the local
association; Francis A. Addison. jr.,
vice president of the Security Savings
and Commercial Bank, who Is also
a delegate; Victor B. Deyber, presi-
dent of the Second National Bank:
Lanier p. McLachlen, president OF
the McLachlen Banking Corporation.
and Howard Moran, president OF the
District Bankers Association. The
local bankers are planning to take
their wives on the trip and Messrs.
Addison and McLachlen will go via
the Panama Canal route.
Bank Chat Contains Surprise.
Limitations on a banks earnings
are clearly brought out In this 4
weeks chat in the Washington news
paper advertising columns on How
a. Bank Makes Money Work. Many.
people imagine that a hundred dol
TAR deposit means a large return, even
though it is left in the bank Dut a
few days. AS a matter OF fact, re-
serves have to be deducted SO that
only SS5 is actually loanable. This
sum must be loaned for a month to
bring in ~ cents. And out or this
AZ cents the bank must pay taxes.
salaries, rent, light power. building
expenses. ledgers, checks and check
books. statements. passbooks. etc
These expenses count UP until q de-
.posit of less than $500 does not pay
any profit to the bank. This IL
matter that thousands Of depositors
ID not know. To many who keep
their checking accounts very low all
the time il win be q revelation ana,
make them wonder II. after all. they
ought not to maintain much larger
balances.
International Bank Thriving.
John r. Waller, president Of the
international Bank. announced TO-DAY
that his bank is sending out dividend
checks of S. per share covering IN
terest for the first half OF the present
year, adding that the total dividend
payment approximates $4,000: MT.
Waller Ii highly optimistic in his
statennent TO shareholders over Wash
ington's future bushes outlook, call
inR attention to the fact that more
than 400 organizations now have
their HEADQUARTERS here. He also
notes d steady increase in population
and expects local building activities
to far exceed the average for past
years.
b further shown, he says, by the In
crease In prices Of local bank stocks.
The report made today Is the four
teenth serni-annual statement Of the
kind. In addition to the figures show
ing the banks present condition, sew
eral investment suggestions are ap.
pended.
Today's Financial Notes.
The new ONCE Of 7. e. Booker &
Co. at 1903 II street looked very
much Ike q dollhouse today, several
banks as well as individuals In the
financial district having swamped the
place with flowers. Many hnanciers
ALSO CAllSQ 10 CAIc1tO Uccb NAonDSs
J. A. Fleming, the veteran finan-
ciai writer, Is spending q week at the
Summer home on South River of
George o. Watson. president Of the
Liberty National Bank.
The Association Of Life Insurance
Presidents reports gain of 10.O per
cent in new insurance written in the
United States during the first half Of
the present year. The June increase
was 13 per cent.
Since the death Of John W. Weeks.
the death Of Samuel w. Boocock, q
member OF the New York Stock Elk
change since June 2, 1869, has been re-
ported. He was the second Oldest
The remarkable advance IN General
Motors stock has aroused great inter
est In the board rooms in this city.
Today the stock appeared most OF the
time TO be resting on its laurels.
The Virginia Carolina Chemical
Co.'S ol6-voting common stock, non
voting common, preferred. certificates
or deposit for voting common, certihA
Gates for non-voting comntpn. and
certificates Of deposit for preferred
stock are to be stricken from the New
York Exchange list on July %.
Trading Quiet on Exchange.
Potomac Electric Power preferred
sold at 10S in small lots on the local
exchange today and Washington Gas
Light stock opened at 6SA and closed
out. washington Gas SIS brought
i04ik on two transaction and Gas SIS
recorded one sale at 1904.
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