Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-26

rear amounted 10 49,,
sSsSs f5asi. against revenues OF Sst1.-
Sso 81 in Tune 1927, Total opefatlIls
sexr,enses were S2Sl, 1870. IN conlpari'
SO, with $3.50, So7Jo4 a year ago
Onarating expenses and taxes IN Junt
r. this wear required $279 ,854.9t; WINE
ss,is same item in June, 1927, ealleo ioi
sas5 4.6s. Deduction Of tnese eA
gensss left the traction company VIII vi.
net income from operations OF ~,
@snS - against an operating hleoilis
in the corresponding month year as0
a $s5is4.S5. . ,ss.
-..,rerS carried hy the company III
.,..-ss II tl,is year was 4,7as.9s6. aTains'
~, ,s,~ higher figure of 5.o75,ls7 IN the
same period last year.
X A. ", June Report Shows Drop.
T,be Norfolk & Western Railway
.,ccrne in June was s2,35i ,S1o,65, de-
~rease Of approximately 100000 as
rempared with May and about s44o.ooO
seSs than the net income of the COM
nanv IN june. 1927, It is shown in the
raanthly financial statement reported
scday. - =. Nav
Nat earnings OF the raiiWa! III MIG
tota7rs s9. 55A.iiI.74 and in June OF las
year se,79s. 1888.
Other Railroad Reports Out To-Day.
Ne. operating income of the Southern
s,ss,uay system for the half year oe-
SSiner; "a sI7.i29.476 from s1S,4l7,62o 2
ssaa- a0o The Lehigh Valley hao ne'
IF $3.50 444 for the six months
srsir7ss s4.5ST,isS in the first hail OF
1927. pa,,ro.d
faT lure are expected TO show an IN
crease in railway net operating income
,sa4r~isa,sfangiing further decrease IN
A~oss For ,J,arle. 1927, gross amounted
& SIS s74 .3sl and net To S6.s6l.341
Yer first half of 1928 it Is expecteo
snat net operating income Will aoou.
essual the $5I ,065 shown IN nrsl
rslf of 1927. notwithstanding decrease
e around SIS ,0D0. 900 in gross
Al statement Of Stanley GO. OF amer
la and all subsidiaries. mcsualng Us
tsrandRll interests. for Is weeks ehueu
aFarrh al. 1923. shows gross income OF
s,0 rs s7o and net income after
gs,arces depreciation and Federal taxes
81 Ss47 3s4 available for use OF the
rarens company.
Al the meeting Of directors. James !
Nswrsan was elected treasurer. O1nel
pfsrers were reelected. Mr.. Newman
& vice president of Loft, Inc.
THE most of chairman. which was DC
rssr,ief bv John j. McGuirk. forn1el
rsesidrnt Of the company. was elm
hated.
MARYLAND Bonds Awarded.
The se2a 600 state Of MARYLAND gen
eral construction loan and the sl50oOe
ssh Regiment plaza loan we're AWARDED
yesterday TO Alexander Brown o. oons
~ os.T7al. They are offered TO-DAY a.
e9Iz ard interest, 70 YIELD 4,l6 ana Ava
Tor cent. according 70 maturity.
The New York stock Exchange ad-
s1ftfsd 20 its trading list yesterday the
ESQ 900 600 Of United States Treasury
81 per cent bonds recently issued. Tnf
sends are dated July i6, 1928, ana VII
g due on June Is. ie43.
Initial Dividend Declared
The Virginia Carolina Chemical Cor
rporatloa has declared an initial 81 civil
dsad en- the 6 per cent participating
Ysrefered and also the regular 0uarferl.
dividend Of SITS on prior preferred
18th payable September 70 STOCK Of
rfccrd August II.
Ti1e dividend on the per cent par.
fscspafsrg preferred was against accu'
...sss..s.tar from July !. 1927, TO June 80
Isss.
Dairy Shares Lead Local List.
Chestnut Farms Dairy preferred, Lex
sradtnq On the local Stock Exchange TO.
Say. when $50 shares changed hands il
sge transactions at i04. Washington
Cas- ngured IN one sale Of % shares a
a1sz. Potomac Electric SIG preferre.
sid At TOT and i067s. and the pc
c1Iat isgue moved al Ill. One hundre'
s.s-es of washington Mechanics Mort
psge common. changed hands at II
5tnds sere neglected
Committees Work Is Enlarged.
Frederick r. H. siddons newly ap
posnssd chairman of the Dtstric
Bankers Association committee o.
commercial activities, has been one o
tste hardest working members Of tn
organization during the past tnre
I.aaYe. Two years ago he was chairfnai
az the publicity committee in connec
tssn with the annual convention he'll
as Hot Springs. Va. For the past ~
years Mr. Giddons has edited tn
Bankers Monthly Bulletin, a publica
SzZ4l kktEl tS68 EkDGiEAAEl GsCN4AS9 9AtAN
RS guiding hand. Keeping close lin
On Washlnstons commercial actiYitie
is, q dufic0lt taa.s. end the committe
chairman and his associates viii nay
their hands full throughout the year.
III the past enc report made at IN
annual convention has covered the com
notices work for the IL months. Thi
ylaY. Is0Yever. President Fleming hope
ti1st the committee will furnish the as
agitation with facts At other times dur
ssig the year which may prove {
marked value.
Cleaned in Financial District.
wilmer j. Waller, vice president c
the District Bankers Association, pre-
SIDED At the weekly luncheon at IN
willard yesterday
The Bank WomeD's Club held a
enjoyable meeting last evening at Lol
l4erS Inn. several invited guests bein
among those present,
co5lcs Of the newly adopted bylaw
of. the Washington Clearing House A.
ISOLATION are being sent TO the ysriou
bank. These new rules were mad
effective at q meeting held last week.
Asstin G. Waller home from Atlanti
Cry. reports that the business iIlteres'
at the New Jersey resort are deli2nte
&G3F 1871 #EGksSRf AsJN DkkFG$tbi
there Up 10 two weeks ago an unlIsui
aaaoant Of rain had made business cor
sabegebly behind last years records
Roland Mckenzie nov connected Wit
Ife Washington ONCE Of q. M. y. mui
SHY e Co. has gone 10 Conneetict
20 take part In an Invitation golf mate
To be played over the week end.
New Engineering Firm Formed.
IL was announced today that III
Stone e. Wehaser Engineering CoIpors
tsnn has 3een formed. with capital !
IS. 500 900. and has acquired from II
bssfsh American CO, its engineering Ar
construction company known as M
Eseilan ~ JuukefsfeId, Ire. The ne
snsnpsng also has taken FROM 6t0i
81 Webster is construction ~
sSygsnaeFlng business ana It's interest
2Aen Il CO.