Evening star., 1928-04-27
CAPITAL TRACTION
EARNINGS LOWER
March Net S62,518, Against
S70,057 Last Year-GroSS
Income Is Smaller.
BY EDWARD c. STONE.

ANS ~ u idAtiAkA NAA Aii ketNStllESi Il "a
&c on the Capital Traction lines il
March. the street car company's ne
earnings Tor the month showed q dc
cline IN comparison with March. 1922
according 10 the report filed today wit
the Public Utilities Commission. Tn
net income was $62,SlS23. compared
with ST0.057.96 in March, 1927 Ne
earnings for the first quarter also re
veal a slump over the same period las
year.
Operating revenues in March for thi
/ year amounted to 1881 .l4l 20, againS
the higher figure year ago of 1891
| COS Al. but expenses we're less, bein'
S257 $3.50. compared with S26S,50a 3,
in March, 1927. Taxes were $33.7l4 .62
as against S33,5SS.04 last year. Dcduc
/ ton Of expenses and taxes left operat
/ ing income OF $50, ,58S07. while this item
a year ago stood at $94.5ll05 Th,
/ company'S gross income amounted Il
J $90,6Sl SIS. against $97656Tl
Operating revenues for the first quar-,
! ter were reported as S1.ll3, ,T08.34 com.
pared with $l.l34 065,6I i'll 1927. Oper,
ating expenses totaled $770. 3S3.5l
/ against $751;. .60039 q year ago. Take!
amounted to $95,47424 this year anC
| $94,477,4i in 1927. After deduction o.
NsNRCAASNS s1AaA A<SASS lAAG A01AiEfAlAH AaAN
a total income from operations of S252,.
! S5o.59. compared with last years three
months total of $3.50. .9S7.Si
Gross income for the first quarter
/ reached $3.50, ,l9035, as against S262,'
/ $500 Deductions from gross of $8S,'
/ 1874 this year and S35. 1871 "a last ycal
/ left a total net income for the frs
quarter of Sl70, 1861 in 1928, comparec
with Sl7732909 in 1927.
The number of revenue passenger
carried in March reached 5l69 ll9
i while last year it was 5,36S ,862. The
/ total revenue passengers using the Capt.
/ tai Traction lines in the first quarter
OF this year numbered 1870 977. against
/ l5,5lTli0 in the same period in 1927
Convention Delegates Elected.
/ The following 40 members of Wash
/ lngton Chapter. A. l. B.. were elected
/ last night 10 attend the national con.
vention in Philadelphia, June Is to %
| l. J. Roberts. Riggs National Bank
/ James A. Soper. Lincoln National; A
/ E. Henze, w B. Hibbs & Co; Lois A
| White, Federal American National: II
| II. Darneille, National Metropolitan,
| Catherine NJ. Krieg. Riggs National,
| Frank NJ Perley. American Security
6s Trust Co: H. w. Burnside. Farmers
and Mechanics National. A. o. Dooley
| Commercial National, r. Hunton Leith
| Security Savings and Commercial; Ma
bel v. Royce. Washington Loan &
Trust Co: Alfred w Sherman. Ameri-
can Security a. Trust Co: Robert q
Whitton, First National Bank, Alexan-
dria.
P. NJ. Garnett, John r. Keener, Es-
ti1er r. Lau, c. Harry Morris. j. Ste
phen Ramusburgh, Riggs National;
Ruth II Gochenous, Henry r. kimball
r. P. II. Siddons. Mildred c. Wood
cock and Raymond Lewis. American
Security a. Trust: Edwin c. Steffe. Jo-
seph D. Yerke, Arthur j. Lynn and Ray
nlond L. Thomas. Federal l-American Ma
tional: E. j. McQuade. Liberty National,
| Helena D. Reed, Lincoln National: Rose
L. Royce, Arthur G. Doying and Arthur
| c. Harmon, Washington Loan g. Trust
| Co.
Stuart S. Ogilvie. Second Nationa
Bank: Judith NJ. Fishburn and Bruce O
Crandall, Commercial National Bank
/ Lincoln II. Phillips. Bank of Commerce
| & Savings; Aubrey r.. Sisson. Washing.
! ton Savings: Leo j. Moran, w. 3. Hibbi
I & Co.: Aubrey 3. Carter. Federal Re.
serve Board; Albert Lyman, Lincolr
National, and @. C. Brant, E. A. Pierce
/ g. Co.
A. 1. b. Officers Also Nominated.
At the same meeting the nominatin,
| committee Of Washington Chapte
! placed the following in nomination fo
/ next years officers, some lively con
! tests being indicated:
/ For president. James A. Soper. Lin
! coin National Bank. for first vice persi
s 6aFYf q LaFEa U LgfAhe q.
/ for second vice president. Aubrey o
/ Dooley, C0mercial National Bank, ant
Frank NJ Perley, American Security &
/ Trust Co; for secretary. Lois A. White
/ Federal American National Bank: 70
/ treasurer, Robert H. Lacey. Columbia
/ National Bank. and John NJ. de Marco
/ Seventh Street Savings Bank, for as
sistant secretary, Lincoln Fl. Phillips
Bank OF Commerce and Savings an,
Rose l.. Royce. Washington Loan 4
/ Trust Co: for chief consul, Richard A
Norris Lincoln National Bank. anc
! Edwin G. Steffe, Federal-American Ma
/ tional Bank.
4 For board Of governors. H. w Burn
/ side Farmers az Mechanics National
r. H. Cox. Commercial National; H. F
Kimball American Security az Trus
Co; Catherine NJ Krieg Riggs Ma
ti0nal, Oswald Lehman. Security SaY
ings and Commercial, Eugene r.
| Marks Merchants Bank f. Trust Co.
George H. Morris. Riggs National
| Stewart s. Ogilvie, Second National
| Mabel Y. Royce. Washington Loan 4
| Trust Co, and william q. Winstead
! National Metropolitan
! The only nomination from the FOO
/ was made for Joseph D. Yerkes. Fed
eraI-American National Bank for tn
board of governors.
Sanitary Grocery Jumps 3 Points.
Sanitary Grocery preferred lumpe'
/ more than eight points on the Wash
. lngton Stock Exchange today when 1
| opened at iis. the last previous sal
being made at 10 II closed al if8%I
The days sales t0taled 81 shares
Peoples Drug Stores preferred wa
In lively demand at 10. Lanston close
at 10. Railway IL Electric preferre
sold at i02 and Potomac Power 51z pc
cent preferred came out at i0si4 On
share Of Riggs National Bank stocI
appeared on the board at 225. anothe
new high mark and Jump Of 10 point
over the iasteSalf earlier In the week
The advance makes 1t the higheG
priced bank stock IN the Capital
53g and Washington Loan ~ Trust 4
sos. Fifty shares of Capital TractiO
sold st 1897 In transaction inyols
ing but five shares Washington Gas h
new PEAK at s. Bonds were quit
active today at firm prices.
u. T. q. and Southern Reports Out
het operating income of The Bait
more IL Ohio for March declined
s2s9l,I74. from s4.255 $50 IN .Marci
1927 snd for The first quarter ~ So
242 3ee. from 79a2s332 In the FRI
quarter last year Gross for Marc
Bss 81 ,GsS 0i5 less than year ago.
First quarter net operating income Z
the Southern Railway system Vas 81
a53 00T, against ss490 a20 q year ag
l.. r. Powell president NJ the See
board Air line. bach from sn inspecti0
t fgsfa 9ggF fte pItff4pagagfs lines sees IA