Evening star., 1926-05-27
v. R. & f. INCOME
SMALLER IN APRIL
Passenger Traffic Shows
Gain for Month-Pepco
Makes Good Showing.
BY EDWARD G.. STONE.

BY EDWARD G.. STONE.
Passenger traffic on the lines Of
the Washington Railway and Eiectri1
Co. during the month Of April showed
| an increase OF 2l.474 fares over tho
same month a year ago, accordinr
to the report filed this noon with the
| Public Utilities Commission.
Net operating income during April
| was $73.567.65, decrease in com
! parison with the same month in l925,
! of $22.762.69 The figures aGe also
under the total operating income for
| the preceding month. the March, 1922.
| figures being $74204.17. .
| The companys net income for April
was $s1 1.237.4l, compared with sa3'-
| 423.97 in April year ago and $780,
| 1858 returned during the previous
| month of the present year.
Suburban Lines Also Report.
The City and Suburban report. f]led
with the main report, shows net op
Grating income for April of this Yea
of s14,2sS.23. against an operating
| deficit for the same month last wear
of s7,56736 This means gain ~
about S2l 900 for the month under
/ review. The net operating income
| for the previous month this wear wa :
| $40. .934.9S. The net corporate incons
| covering the same line was $1,o13.a2
| in April, compared with 4.i34.S7 in
| March and a net loss in April. 1928,
/ Of $l5,044.s7.
The Georgetown and Tenleytown
! line had an operating income in April
| of $1,972.41. against a deficit of more
| than 500 in the same month last
year. The net corporate income IN
| April was S937.05. compared with
loss in April 1925. of $1.75S.9l. The
| net corporate income in the previous
month was $1.633.67.
Pepco Makes Good Showing.
The April report of the Potomac
| Electric Power Co. was also filed with
the Public Utilities Commission TODAY
and makes an excellent showing.
Total operating income for April was
$276,2 As. against $259, "a "a. for the
same month last year and $500. .4J3 81
for March of this year.
Net corporate income for April was
$195.64126, in comparison with SlS5.
S4S67 for April. 1928. and sos ,96S ss
for the month of March this year.
Comparison of the April figures
with the previous month is not az
satisfactory as with the same period
l year ago. NdluI any on account VI
| the longer days. there is a marked
drop in the demand for current.
Local Exchange to Close.
| Members of dhe Washington STOCK
| Exchange voted today 10 close on Sat;
! urdav. MAY %. and Monday. May 81 u,
| and also to make the Saturday closing
inaugurate the Saturday closing
which will continue through June.
July, August and September.
The two-day closing follows the r!au
of the New York Stock Exchange and
many other New York markets The
| Washington banks will. of course. he
open as usual on Saturday. hut will
be closed on Monday. All the broker
houses in Washington will he closed
Saturday and Monday. as there will
| be no ticker service from New York.
Today's session of the local ex
change was made important by vote
to list without the usual delay on the
board $500, 900 Wardman Park Hotel
| incorporated first mortgage Sig per
cent sinking fund gold bonds. dated
February l. 1926. and due in 1871.
Trading on the local exchange was
! very quiet Bonds We're unchanged
| Capital Traction stock came out at
1035s. Potomac Electric Power pre-
ferred sold at 1862. 10 shares OF Fed
eral-American National Bank stock
| brought 322, and Lanston Monotype
figured in one sale at S5A.
| Another Convention Call.
| r. p. II. Siddons. chairman of the
| publicity committee for the bankers
convention, has mailed to the mem.
bers of the District association what
| Is termed the second call" for the
coming Hot Springs outing. The
| "call' is signed by w. w. Spaid. gen.
eral convention chairman.
With the communication is for
warded a folder outlining all the attrac-
tions to be found at The Homestead.
, which will be the headquarters for
] the convention. Those who attended
| last years convention know what un-
usual attractions are offered by the
! hotel and the surroundings. but the;
booklet will prove of special interest
| TO those who have never visited Hot
| Springs.
! The convention committees are tust.
! now engaged in a drive TO get more,
| bank directors to attend this years
outing than has been the case in con-
! nection with previous gatherings of
| the kind.
| Mortgage Offering Announced.
The mortgage investment depart
ment of Shannon & Luchs today an
nounces an offering Of the unsold por-
| ton of 81, 600. 900 first mortgage 6i7
| per cent notes. secured by the Capita
| Garage Co. which is just starting
garage at 1912 to 1920 New York ave
nue..
b. & O. Report Out Today.
| The Baltimore and Ohio Railroad in
| crea sed it's net operating income in
April to $3,304236 from $2654.46s IN
April last year. and for the four
months of 1926 to s11,4S1.151 from
| S9194,942 a year ago. April Gross
was $4,000 .144, against s1s,233.554 in
| April, 1925.
The Southern Railway also had
| profitable month. net operating income
of s2.7S5.013 comparing with s9.65o.2e2
| the same month last year. Net for
the four months of 1926 was $40 109.-
IT'S. against $9,950,673 in the same
period of 1925. April gross increased
to s13 1854. compared with $12.22l.-
292 in April last year.
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