Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-01
CAPITAL TRACTION
REPORTS EARNINGS
Way Ahead of Year Ago.
New Bond Listing-More
Dividends Announced.
BY EDWARD G.. STONE.

BY EDWARD G.. STONE
Net income Of the Capital Traction
20 was larger during the month of
May this year than it was a wear ago
al the same time, but lower than for
the preceding month of April. accord.
ing to the May report Just filed with
the Public Utilities Commission al
the District Building The report
shows that operating revenues dur
ing May totaled $4l5, 1881, operating
expenses were S273. S06.35. taxes
amounted to $50, 920.54 and the net
income was $50, 504.42 The net in
come for May. 1925, was $50. 800 90.
which shows Il gain for this year.
though very slight, of S201 SO. Net
income in April of this year was 500
oo4.65, which was much ahead of MAY
ana of the same period a year ago.
when it was S73,075.69.
Inc number Of paying passengers
carried during MAY of this year was
larger than carried in May a wear
ago and also better than the record
made in April of this year. During
May J,IZS,542 passengers used the
lines of the Capital Traction Co. The
number for the same month last year
was 5,o92. 315 and for April of this
year $500 AGO.
Georgetown Gas Light Report.
The report of the Georgetown Gas
Light Co., also filed with the Public
Utilities Commission, shows net Oh
Grating revenues for the month Of
May to have been $57 1898, total op-
Grating expenses, S45 .901.97: taxes.
SZ,338.S7, leaving net income for
the month of S6,2O6.5G.
This net income figure is well ahead
or that for May of last year. when
the total was S4.56S 10. but is lower
than the amount for the previous
month, the April total being SS,159.92
The gain in earnings made over
the same month of last year is con
sidered Of more Importance than the
loss in comparison with April, this
being largely accounted for by the
TACT that the days We're getting longer
and less of the company's OUTPUT was
required by consumers.
The May figures of the Washington
Gas Light Co. have also been filed
with the Utilities Commission. Net
income for the month was SIS. .6S.
compared with $50, $3.50 for Nav.
1928. This net income is also much
below the net for the month Of April
of this year
Bonds Listed on Local Board.
At meeting of the governing come
mittee of the Washington Stock Elk
change today listing was ordered for
trading tomorrow of $3.50, 900 Chest.
nut Farms Dairy. Inc, first SIC gold
bonds of 1871. They are to be
handled in 81 900 and $500 denonina.
tons and interest on them is payable
on June l and December l.
Trading on the local exchange was
rather quiet today. Two bank stocks
came. out on the board. five shares
of Farmers and Mechanics changing
hands at 303, and II shares of Con.
tinental Trust at 901z.
LanstOn maintained it's high for the
year with small sale at 90: Mer-
chants Transfer & Storage preferred
sold at 101; Washington Railway and
Electric preferred recorded one sale
at SS12 and the market closed with
the sale of 20 shares of Washington
Gas Light stock at 69a4. Not a bond
was sold.
Brallany Becomes New Partner.
Thomas w. Brahany, local invest
ment banker. has been taken into
partnership in the firm of Crane,
Paris & Co, according to announce
ment by Eugene Z. Thompson, head
OF the firm. The action was taken
following the withdrawal of Y. f.
Booker and G.. II. Myers, who are
about to start a new investment firm
under the name of Y. L. Booker & Co.
Mr.. Brahany has been in Washing
ton about 90 years. having come here
from Wisconsin. He was formerly sec
rotary of the Tariff Board and later
was an assistant secretary at the
White House during the administration
of Presidents Taft and Wilson. He was
also q newSpape.- writer for some
time. He organized the firm Of
Thomas w. Brahany & Co., which has
made a speciality of public utility Sc
curities.
He is the local correspondent of II.
l.. Doherty & Co. He is president Of
the Lions Club. member Of the Grid
iron, National Press. Racquet. Co
lumbia Country and othe~ clubs. and
is connected with several fraternities
Dividends Are Declared.
The Seventh Street Savings Bank
has sent out its dividend checks pay
able today. The dividend is a semi
annual distribution of Sc. making its
yearly disbursements on the basis of
II per cent.
The Mortgage Bond and Guaranty
Corporation at q recent meeting of it's
board of directors declared it's fifth
.
the preferred stock to stockholders of
record as of June 20. 1926, and pay
able July 10. This is on the basis Of
per cent per annum.
The arrangements for the issuance
of guaranteed first mortgage collateral
trust bonds have been fully conSum-
mated. The Riggs National Bank Is
to act as trustee, the bonds to be
guaranteed as to principal and inter
est by the National Surety Co. The
first issue will he offered soon.
Bills Chances Fast Fading.
The Senate conferees on the Nc
Fadden branch banking bill yesterday
refused to submit the conference re-
port on the measure. as amended last
week by the House. to the Senate
for vote. The House had instructed
its conferees to adhere TO the branch
banking provision of the bill as passed
by the House earlier in the session.
Action of the Senate conferees
lessened prospects for passage OF the
measure before adjournment. although
Chairman McFadden of the House
banking committee, author of the bill,
said he had not given up hope.
Another Bank Chat Today.
1.-The Journey of Bank Check Is
the title of the hank chat in the series
put out by the District Bankers Assoc
citation in the campaign to get the
public to become more familiar with
the work and operations of the banks.
The chat brings out the amazing serv-
ice rendered by checks and the great
distances which they travel in full
filling their missions. This talk Is
one of the most interesting az well
as informative of the series. IL APP
pears I'm The Star today in the adj
vertising columns and is well worth
reading by every person who has a