Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-28
CAPITAL TRACTION
June INCOME GAINS
Above Last Year. But Falls
Below May This Year.
More Passengers.
BY EDWARD c. STONE.

BY EDWARD C. STONE.
Net income Of the Capital Traction
Co. for June was 500 ,47S.29. cornpar-
ed with $50, 350.66 for the same month
In 1925, according to the monthly re
port just filed with the Public Utin
ties Commission. While the net rave
nue. showed a marked gain over the
similar period last year, yet IL was
less than for the month of May this
year, when net income reached $780,
504 SO.
Gross operating revenues for June
were 6,07474, revealing a liberal
increase over June, 1925, when opera
tons brought In $877.611.S4. After
deduction Of expenses, including
taxes, the roads operating income for
with $50. 301.7O last year. Expenses
in June were quite q little lighter than
a year ago. but there was an increase
of S1,35S.59 in taxes.
The total number Of passengers
carried on the company's lines was
1920. 626, just 321 more patrons than
used the cars In June a year ago.
Local Securities Again Strong.
Trading IN Washington Railway &
Electric Preferred led the local ex-
seven transactions selling at S9%, an
advance of half a point since yester.
day. Potomac Electric Power pre-
ferred gained an eighth Of a point TO-
day and sold at 1854. Two bank
stocks appeared on the board. 10
shares OF Federal-Amer1can National
selling at $40, and 16 shares OF Con-
tinental Trust Co, bringing 91a.
Twenty shares of National Mortgage
& Investment preferred sold at sA
and later so shares changed hands at
Sls. The first transfer for some time
in Merchants Transfer & Storage
preferred took place when 10 shares
sold at 101.
on the bond side a $500 transfer of
Capital Traction 5s sold at 1007s,
Washington Railway and Electric As
sold at 8212 and the general and re-
funding 6s brought 104.
Railroad Earnings Jump.
The June earnings report Of the
Pennsylvania Railroad shows substan-
tial gains over June last year, net
operating income rising to $4,000, 235
from $685. 24. Gross gained $4,597,
407. Net operating income for the
first half of 1925 was S44. 567 .706,
against S3S,O22,97S in the same period
of 1925, while gross revenue amounted
to 1896, 815, 499, compared with SAIL
79S.930 a year ago.
Net income Of SO, 446, 900 reported by
the Southern Railway for the half
year is equal, after preferred dtvi-
dends, to S6.62 a share on 1920. 900, 900
common stock. against $8,340.00O. or
$50 share, in the first half Of 1925.
Surplus for June was s2.091 900,
against 81 ,47S,000 in June last year.
Net earnings of the Norfolk and
Western Railway in June were $3.041,-
$50, as compared with $2.913,239 in
May, the roads monthly financial
statement shows. Net earnings for
the first six months OF this year were
SI6,640,051 and for the same period
last year they were $9,93S,27S.
Insurance School Closes Tonight.
The intensive training Of insurance
agents during the past six weeks at
the Central Y. NJ. G. A. has been con
cluded and the commencement dinner
Of the Washington class OF the Rock
we'll School of Life Insurance, prin
ciples and salesmenship will be held
at the Beaver Dam Club this evening.
The school has been sponsored by the
District of Columbia Underwriters
Association, the session being the first
of the kind ever held here. The prin-
cipal speakers at the dinner Will be
n. f. Ellsworth, head Of the local as
ISOLATION, and Charles J. Rockwell.
founder of the school. The officers
Of the graduating class are H. Cochran
Fisher, president: Miss Marjorie
Daniel, vice president, and Z. W.
Fem, secretary-treasurer.
Memorial Half Dollars Used.
In making change for patrons in
Baltimore and Ohio dining cars.
ticket agents and stewards are Civ
ing out "Stone Mountain Memorial
half dollars at their face value, as
souvenirs These special coins were
purchased from the Stone Mountain
Memorial Association, at 81 a piece,
by the company, for distribution
among it's patrons.
Loan Being Rapidly Retired.
The Treasury Department reports
that the Third Liberty Loan. matur
ing in 1928, which Is the next OF the
original war issues to fall due, had
at the end of the Government fiscal
wear on June 80 been approximately
40 per cent retired
The Third Liberty Loan was
straight 1O-year loan and the or1glna
amount issued was $4,l7o,oSV'ooo'
Today's Financial Notes.
Paul B. Detwiler of Philadeipnia'
who was elected president OK the
American Institute of Banking, is
decided favorite among the members
of the Washington chapter. He made
an address here last year which was
very enthusiastically received.
Net income Of s. S. Kresge Co. Tor
the half year rose to S5,SS2-246 from
S4,So4.105 In the first half OF 1870
equal to LAB a share on the common
after preferred dividends, against
81 % a share a year ago.
The seat acquired by Thomas W.
Rrahany on the washington Stock
Exchange yesterday was formerly
held by Peter A. Drury, president OF
the Merchants Bank & Trust Co.
An additional $250.000 Georgetown
Gas Light first gold 5s have been ad-
mitted TO trading on the local ex-
A sales gain OF 40 per cent over
the same period of last year is re-
ported for the six months ended
June go last, by Canada Dry Ginger
Ale. Inc, in spite of what President
P. D. Saylor describes as the worst