Evening star., 1926-10-26
SOUTHERN AND go. EARNINGS
SHOW LARGE GAINS OVER 1925
Two Roads Operating Out of Capital Re-
port Business for Three-Quarters
Better Than Period Last Year.
BY EDWARD C. STONE.

Railway earnings of the Southern
and Chesapeake and Ohio railroads
show substantial gains for the first
compared with the same period last
year.
The Southern Railway system re-
ports September net operating income
of s5.095.414, against $5,21O.645 in Sep
tember 1925, and for the nine months
this year S35 5,030, ,163, against $34,372,-
1874 a year ago. September gross was
about $4,000 smaller, but for the nine
months gained more than $S,5O0,OOO
to $154.S42 .140.
Net operating income of the Chesa-
peake and Ohio for September rose to
So .6333 $40 from 81 .90S, $50 in Septem-
ber, 1925, and for the nine months this
year to S26,540,6S9 from S22,2SS,345.
September gross gained nearly $780,
600. Surplus after charges for the nine
months of 1926 rose to S20,494,Oo
from $14,364,617 a year ago
Exchange Trading Light.
Capital Traction sold at 1041s dur
ing light trading on the local eA-
change today. Seven shares or
AIiISI JCtil N0cNuIlt ~ N'''N
$40, five of Merchants Bank Il Trust
at 150ls and Lanston Monotype came
out at 91l2 In the bond division
Capital Traction 5s recorded at sou
transfer at 1914 and Potomac Elec-
trio Consolidated 5s brought the
same figure. The sale as of yester-
day of SO shares of Washington Gas
Light stock at 70A was reported
an error
Today's session was adjourned out
of respect to the memory OF ,. n.
Whitwell, a member, who died yes
terday AS is customary, the pre-
siding officer, c. j. Gockeler. named
three members of the exchange 10
attend the funeral the representa-
tives being Carroll Glover, Eugene E..
Thompson and y. L. Booker.
The death OF Mr.. Whitwell was
the first to occur among the mem
/ bership since the passing of John
L. Edwards.
Local Bankers in Honor List.
The official list of the elected and
! appointed committees of the Ameri-
! can Bankers Association for the
coming year has just been compiled,
several local bankers appearing on
! the honor roll. John B. Larner is
| again on the finance and marine COM
mittec, George O. Watson. public re-
lations; Howard Moran, savings bank
division, Harry V. Haynes. Federal
| and State legislative councils. Other
| bankers In this locality in the lime
! light include
| J. Elwood Cox, High Point, N. c.,
! agricultural committee; John B. ktet-
! fer, Hagerstown, Legislative council:
{ T,I1
! council; Oscar G. Wilt, ClarksburG,
w. Va, same council; Thomas b. Nc
| Adams. Richmond, fiftieth anniver-
sary; John +. Willy, Durham, n. G., fl
nance. and Carroll Pierce, AleXan-
! dria Va, State Legislative council.
| 1t is felt here that Washington got
F.! it's fun share Of recognition and then
! some, considering the magnitude or
| the Los Angeles convention.
Telephone Company's Net Gains.
| The statement of the Chesapeake
and Potomac Telephone Co.'S opera
! tions for the month of September
! 1926, made to the Public Utilities
! Commission shows telephone operat
! ing revenues of $56S,9l1, an increase
! of $22 500 compared with August, ana
! telephone operating expenses OF S4OV,
/ 900, a n increase OF SSao colllpdltH "Atil
/ August. The taxes for the month OF
/ September amounted to S46,2S3 and
other miscellaneous expenses We're
| S6,291, leaving a net income OF Sllo,
! 432, which is an increase of so,
compared with August.
This statement also shows that new
! equipment added during the first nine
months of 1926 amounted to $2,236,
1854, while the retirements for the
same period amounted to $879,948.76,