Evening star., 1927-10-28
CAPITAL TRACTION
EARNINGS HIGHER
Gain of S11,774.21 Over
September, 1926, Reported
to Utilities Body.
BY EDWARD c. STONE.

Net income of the Capital Traction
Co. for The month of September
amounted to $51 1868, "A gain of Sill
774.21 over the same month in 1926,
when net earnings We're $40G91.72,
according TO reports fled with the
Public Utilities Commission.
Revenues from operations during
the month reached $34G,0O5.27, COM
pared with $356,9SS35 in September,
1926. Total operating expenses and
taxes for the month We're lower,
being $2S1 ,340.Sl. against $290,S ,S25.75
year ago. After deducting expenses
and taxes the company reported a ret
operating revenue Of S64, ,66456, in
comparison with operating returns in
the same month in 1926 of $50 1888,
The number of revenue passengers
carried on the lines of the Capital
Traction Co. during the month was
4,716,557
Operating revenues for the FIRST
nine months of the present year was
reported as $3.316.3l4.51, compared
with TIE higher figures last year of
$4,424.72116 Operating expenses plus
the taxes paid amounted to $780,
475.57, against $2,652 ,G02.26 in the
Deduction of the expenses and taxes
from the operating revenues leaves n
net operating income this year to date
of Sis, ,S39. .03, against $772 ,124.90 last
year.
After making all other deductions
the traction company reported net
income for the nine months of S492,-
642.2S. compared with $534,S26. for
the same period in 1926, the difference
in earnings being laid largely to the
increase in the number of privately
operated automobiles and the steady
increase in bus service competition.
The company carried 45,256.216 rev.
enue passengers during the nine
months.
Telephone Report Also Filed.
Outside facilities and office equip
ment added to the system of the
Chesapeake & Potomac Telephone Co
in Washington during the first nine
months of 1927 amounted to 81 1855 ,501 .
according to the statement covering
the operations of the company filed
with the Public Utilities Commission
today. Retirements for this period
were $790,428. making net additions
for the nine months period. 81 ,565 ,07S.
Net additions to equipment for the
amounted to 1882 APT.
Telephone operating revenues for
September were S593.214, with operat--
ing expenses of $42S,7S7, making the
net income, after taxes and interest
deductions, S10S,41S. The taxes for
September were $45,S05, an increase
of 50 ,55S over the previous month.
Refunds Largely Adjusted.
u
sCrihers under the terms of the agree
ment made with the Utilities Commits
@iCn. effective June 10, 1925. shows
that 9701 per cent of the total amount
of S210,170 has been refunded. On
September 80, S203,901 had been re-
funded, leaving only S6,26S still to be
disposed of.
In making refunds on current ac
counts the amount due each sub.
scriber was simply credited on his
monthly telephone bill; but much
greater difficulty was involved in max
ing the refunds to former subscribers
who do not now have telephone serv-
ice. 1t was necessary to secure their
latest mailing addresses and to send
them statements showing the amounts
due. Many of them had moved sew
eral times, and some had scattered all
over the world. Statements were mail
ed to former subscribers who are now
living in the Philippine Islands, Eng
land Germany, France, Mexico, Bra
zil, Cuba and China.
Earnings Compared With Year Ago.
Sept 1925 Sept. 1927.
Total operating revenues S56S,911 S599.214
Total operating expenses
and uncolectable 40O.9 42S1S1
Net operating revenues S16S.006 Sl10.427
Taxes asSignable to op-
eratIOns .......... 4b.2S3 40So0
Operating income -. $l21 .723 S124 632
Incorporating income. 5,l"2 37S7
Gross income. ..... S126.S45 S12S.4O9
Rents and miscellaneous
deductions ......... 2.2o2 3.lb9
n