Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-27
CAPITAL TRACTION
NET INCOME DROPS
July Report Shows Decline in
Operating Revenue-Other
Local Exchange Features.

Local Exchange Features.
* Net income Of the Capital Trac
ton Co. fell off TO $25.9i6.72 for the
month Of July, as compared 10 S35,
1Ss.5o for the month Of July las
wear. and S6t 1871 for June of TINS
s wear. according To the monthly re
/, mort filed today with the Public Utili
/ ties Commission.
! orerations for the first sever
. months of this calendar year aiS'
h show n drop. as compared with l'-h
ri the net income UP ia July 81, ~
9Hstandng at S415.2S1.34, as compared
to S45G, 6G003 up TO July 81. l|-o.
n Opara,ing revenue fell off 10 S54o'
o94.2O in July of this year. as com
nared to S379 .3S9.53 in June ana H@oI'
/ 9S3S2 in July. 1926.
!, Gain in operating expenses over
June was shown. the June costs
standing at S253.3N104, as actinS'
s2ss 4a5. 60 in July this year, nut q
! higher cost, 500 .4oo.46. in July la@o'
Cross income in July this year was
e,a 546 % as compared to SS9.4'S.45
in June and S69,716 in July, 1876.
The number Of revenue passengers
carried in July was 4,642 So, as com
pared with 5.e75.197 in June ana win
4.9S1,179 in July, 1926.
II. & o. Income Declines.
The Baltimore & Ohio. Railroad Co.
showed n decrease in net railway
onerating income for the month OF
Jnly this year OF 81 1868 as com
nared TO July of last year, according
to a statement of earnings and eA-
penses made public today.
For the first seven months of TINS
calendar wear there was a falling off
in net railway operating income from
SOS 472.745 for the period of 1876 10
Sos.SS7.92l for the seven months OIL
1927.
Railway operating revenues drop
ned during the seVen-month perlou
bv s73S.502 as compared to last year.
while there was a decrease in net
revenue from all railway operations
of S299,SS1 for the same PERIOD.
: Fire Insurance Company Formed.
Formation of a new capital stock
fire insurance company in this Guy,
to be known as the Economy Fire In.
Surance Co, was announced idsl
night, following the filing of articles
of incorporation yesterday in the
state of Maryland, calling for $1,000
900 of paid-in capital and an equal
amount of paidin surplus. Offices VIII
be established in the Denrike Build
ing, at 1910 Vermont avenue.
Roy A. HAYNES of Ohio. former pro-
. hibition commissioner, is to be presi'
dent of the company. THE volume
of carefully selected insurance already
pledged to the company" he said, lis
sufficient to insure its very rapid
tyroufb and deVplOpment."
Official announcement of the COM
: pany said that several widely known
manufacturers, chain store operators,
> public utility owners and operators
were interested. Directors and work
ing personnel win be announced with
in the next month, it was said.
.'In it's operation" continued the
statement, the company VIII 1oiioW
the accepted practices of existing
stock fire insurance companies and
also will feature one or two specialities
which it is believed will greatly lessen
tn. expenses and improve the prac-
tees of such companies. These In
clude the writing of a continuous
policy which may be renewed at the
end of each premium paying period by
the issuance of a renewal receipt. Inc
company will return TO its pollcyhoid-
ers in the form of profit sharing dlVl-
dends a portion of the profits earned
in the conduct of its business.
Ford Operations Renewed.
Renewed operations by Ford on a
record basis with his new car. soon
TO come out, would, in the opinion of
Jackson, Boesel & Co. of New YORK,
he hound to. stimulate business all
over the country" THE Ford specif1.
cations are now fairly well known,
!. il was said, land there is considerable
speculation in the automobile aces
sorry company stocks likely to dement,
from a revival of Ford production.
Midvale steel products, according to
private advices received yesterday
from Detroit, will supply 90 per cent
of Ford's automobile frames. The
b,Iying of Midland preferred. which is
having S12 a share, emanated from
Detroit and was for permanent in
yestment. The stock gained over 5
noints. Other companies mentioned in
connection with Ford contracts were
Electric Auto Lite and Stewart
Warner"
"SnaII Size Dollar" Under Way.
A new prediction that the small size
dollar bill may be ready by February.
1928. instead of the Fall of the same
year. as previously expected, was
made by Assistant Secretary of the
Treasury Dewey in charge of the
Bureau of Engraving and Printing
A definite date, he said, could not be
fixed. but the hope now is to distribute
the first bills to the public early in the
year
Showing by General Motors.
In the first 81 xmonths of 1927 Gen
eral Motors produced Al per cent OF
all the automobiles and trucks sold
by the industry, according to study
of the companys operations Jus'
completed by Hornblower d Weeks
investment bankers. This figure is
the climax of an unbroken growth
from 1924, when the company's per
centage of the total automobiles sole
was 16 per cent as compared with
"a per cent total in 1925 and one o.
IS per cent in 1926.
Electricity Output Increased.
An increase in the output of cleo
tricity of 81 per cent in the past five
wears is one of the explanations fol
this country's achievements in pro
duction and productivity, according
TO The Index, published by the New
York Trust Co.
ne Ch't'u p'"''9 pAohuSN'' "iiiO7
six times as much electricity as either
Germany or Canada, its nearest com
petitors, although America rank!
third in per capita output. The foui
branches of the industry-the RICH
and power companies, the street rail
WAYS. the telephone and the manu-
facture of electrical equipment-ha,
a. gross revenue in 1926 of some
s.. 900. 600, 900 and an invested capita
of about 1880 900 ,000.
Personal Mention.
George +. Murray of the Nationa
Bank of Washington has returne,
f,on, n short visit ia a ShIlrv Park