Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-02
STREET RAILWAY
TRAFFIC IMPROVES
w. R. & E. Reports Larger
Net for May-Business Bu-
reau EIects-Other Notes.
BY EDWARD G.. STONE.

BY EDWARD e. STONE.
Passenger traffic on the Washington
Railway and Electric Co.'S lines was
larger during May than it was in Ma
Il year ago, and also heavier than dur
ing the preceding month of April az
cordinc 70 the monthly report, jus.
filed with the Public Utilities Commits.
sion. The net income Of the Garner
was also larger than it was yea
ago during the same month.
Total operating revenues We're SAG
lob, total operating expenses wero
1913, 740.35, taxes reached s38.455.SS
leaving a total net income of $274
l56.42 for the month. Included in this
income is S150.0O0 in dividends from
the Potomac Electric Power Go. Ne
income for May. 1925, amounted 10
S444.774.87. which sum included d div.
dend from the Potomac Electric ~
er Co. of 1923. 900. The total net in
come for the previous month of tn
present year was S31.247.31
The number of passengers carried
during the month was 5,10S, 5G6. com
pared with 4,954.017 during the pre-
ceding month, with 4.4S7.1S3 in NaN
of last year and 1922 81 in April Z;
year ago. These figures reveal Il VERY
satisfactory gain. and Indicate that
private automobile traffic has nos
made the lnroad into the company
earnings that has been the case t;Us
ing many other months. The auxiliar,
bus service maintained by the con-,
pany is undoubted eddy a very vital f;t
tor in keeping up traffic records.
The May report of the Potoma"
Electric Power Co.. also filed with the
commission. states that operating
revenues during the month reached
s6Z6,413.2o. total operating expenses
were S279,254.2j, taxes ST7,234.3H-
leaving n total net income of S1SI.-
242.38. This is an increase Of Sj,7f4.25
over May. 1925. when the exact
amount was S1s1.478.53 1t is under
the figures for April of this year how
ever the sum total for the preceding
month being S196 ,927.99.
Evans Heads Business Board.
Joshua Evans, jr.. executive vice
president of the District National
Bank. was reelected chairman of the
board Of trustees of the Better Busi
! ness Bureau at a meeting held this
noon at the City Club.
George Ostermayer of the Wood
ward & Lothrop Go. was elected vice
chairman. succeeding b. Il. Burgunder
of $. kann Sons Co; Francis g.. Ad
olson. ir.. vice president of the Secur
ity Savings q Commercial Bank, was
continued as treasurer and K. B. II
Lyon again was named attorney.
At the annual meeting held week
! ago Director Rothschild reported a
most successful year, thousands and
thousands Of dollars having been
81 we'd for investors through informa-
ton on poor securities which was Sc
, cured and distributed by the bureau.
| 1t is planned to carry on the work
| during the coming year on fully as
| important a scale.
Credit Demands Show Decline.
, Although money was slightly tighter
| in New York during the last Week III
| June. due to requirements incident TO
the end of the first half of the year,
| this situation did not apply in the
fifth Federal reserve district.
In the Richmond territory credit de-
mands showed sharp contraction, as
| evidenced by a decline in bills dis
| counted from S4S.o90 600 to S45.36"-
| 600 Bills bought in the open market
| in this district also We're about $l,ooo,-
| 600 less than the previous week.
| Federal reserve note circulation in
the fifth district changed hut slightly.
| totaling 70,247 600. against SIo.9lo,-
! goo Member hank deposits. however.
| increased nearly $1,000 600, To St6.5lS.-
| 900.
! AS a result Of these changes the
ratio of total reserves to deposit and
note liabilities combined at Richmond
increased from 55.2S to $3.50 per cent.
In the Federal reserve system as
! q whole the situation was quite differ
/ ent from that existing here. Bllls re-
| discounted were $55.S73.o00 higher
| than the previous week. totaIlnS
! SSH, 031 900, against S419, 15S.oV0. The
! cash ratio stood at 7S.5. compared with
| Is per cent the week before
| Ianston Makes Another High.
/ I.anston Monotype made another
new high OIL the Washington stock
Exchange today when, after opening
| at 90. it advanced to 80 on safes total
| ing 25 shares. The rest of the market
| trading was also interesting. Wash
ington Railway and Electric preferred
sold at SSH. Mergenthaler Linotype
+, came out at 1862 on sales reaching
! 80 shares, while Washington Gas
| Light was the most active stock on
the board. opening at 69@l ana clos
| ing at 695s The days sales totaled
1 10 SHARES on ilN6 StpTtidt ti"lis'~AN
| tions. Two bank stocks also appeared
| on the board two shares of Union
! Trust going to 21S and five shares OF
| American Security and Trust chang
| ing hands at 319.
| There was also an excellent demand
| for bonds. Potomac Electric IS sold
! at 1O6. Electric first IS at 100ls and
/ Electric consolidated IS at 1OoSs.
Washington Gas SIS stood at l0o and
Gas 6s at 104l2. Capital Traction oS
recorded two sales at 1Ol.
1t was officially announced that the
| exchange will he closed on Monday.
| July 5.
Unlisted Securities Prices.
| In the unlisted department OF the
| local stock exchange bid and asked
prices were quoted today as follows:
BONDS.
Bid. Asked
| Army and Navy Club 3s .... 81
Cosmos Club ias ........ - .'.-.
M Lt club frs " 81 .....
STOCKS.
Anacostia Bank .......... 900 ....-
$$SS s !: 1 nij g Sc !, iai
Chrlstiam Hcurich Brewery 80. 49,.
Departme,rn,a,l p Pan 70 .-. 2f&' -. -.
franklin Prstalli National Bank -. 40 al;
N N5S5 t taD!so f? sa7i%ss Bank L
Old Dutch Market pfd of Va 312
potomac SAVINGS Bank ...,. 2353 49,.