Evening star., 1926-12-01
CAPITAL TRACTION OCTOBER NET
FALLS BELOW RETURNS IN 1925
Washington and Georgetown Gas Reports
Also Filed-Locat Market Lively.
Other Financial Notes.

showed an increase in operations this
October, as compared both with DC
tober of the year before ana WIFI
September Of this year.
Operating revenues were $57 ,91S.O5
for October, 1926, as compared WIN
$50 3,663.41 for October, 1925, and $49'-
453.S6 for September of this year.
Operating expenses were 7,7lS.lo
for October. 1926, as compared with
$44.O99.09 the same month in 1879 ana
$40 ,64235 for September this year.
The net corporate income was
$5,1S1.09 for October, 1926, as COM
pared with $4,O23.55 in the same
month last year and $2,955.S4 in Sep
tember this, year.
Pitts ON Survey Committee.
G. Bryan Pitts, chairman of the
board of directors of the +. I'll. Smltn
Co., has been named as one OF
national committee of eight to make
survey of the real estate bond busl.
ness. This committee was appointed
as result of a meeting of the Amer
ican Construction Council, held yes
terday at the Bankers Club, 120
Broadway, New York City, at which
were present bankers, security men,
appraisers and others interested In
the first mortgage bond business,
from all parts of the United States.
Franklin d. Roosevelt presided at the
meeting.
The F. H. Smith Co has it's main
office in Washington, with branch
offices in many other large cities.
Local Market Very Broad.
Trading on the Washington Stock
Exchange today was active and along
broader lines than it has been for
months. Interest centered about
equally on the stocks and bonds, with
prices remaining for the most part
firm.
The heaviest bond transaction was
the turnover Of Washington Railway
and Electric As at S3A in the sum of
$4,000.
Pennsy Mails Out Checks.
The Pennsylvania Railroad yester-
day mailed out from Philadelphia the
first checks in it's payment of divi-
dend at the new rate of IN per cent
quarterly, equivalent to Z per cent
annually. The checks numbered 1885,
591 and totaled 1855 900.
Thousands of Washingtonians were
| made happy today by receipts Of their
Christmas Club checks, which totaled
! more than $5,000,000.
FnOne Revenues increase.
The statement of the Chesapeake and
Potomac Telephones Co.'S operations
for the month OF October to the Public
Utilities Commission shows telephone
operating revenues Of $59S,172, an in
| crease Of S29,261 compared with Sep
tember. and telephone operating ex-
/ penses of $418,7S4, an increase of
$17S79 compared with September.
| Taxes for the month of October
! amounted to $47.7O6, an increase OF
81 ,423 compared with September, and
other miscellaneous expenses amount
| ed to $7,813, an increase of 81 ,522 COM
pared with September, leaving a net
| income OF s123.s69. which is an in
! crease Of $8,437 compared with Sep
| tember.
This statement also shows that new
plant and equipment added during the
| first 10 months of 1925 amounted to
| So 800 1855, while the retirements for
| the same period amounted to S946,'
| 61751, making the net additions for
the 10-month period 81 1862 .618.04. Net
! additions to plant and equipment for
the 12-month period ending October
| 81, 1926, was $2,257, ,726.01.