The Washington times., 1928-04-27
R0LLEY LINE s
REPORT PUT
On FILE
by RICHARD HATTON

#0poTT8 villa the EupuC UtAHtASS
) Commission yesterday. The net in
oma Of the railway company dur
J ing March was given as $47,sS4.s2,
slight decline over the same pc.
iod last year due, according to the
report, to = falling of in passenger
revenues.
As against the falling OFT IN
March, the earnings statement COW
ering the first three.months period
ne 1898 shows a larger income than
Ror the same period in 1927.
The Pepco report, also, indicated
IN increase in earnings, showing 9
btrong first quarter for 1928 with
grOss earnings from operations OF
$2,417, 7S4.9l. compared with $2,23l,.
M81.S6. an increase Of $18S, .05.
eDperatIng expenses were $995,O3S.1 10.
against S9O5, 0OO.21. q gain of $780,.
n3S.94. This leaves a net income
rom operations Of $1.422, G95.76,
against el,S26, 1876, an increase OF
more than SOC, 900.
After all other deductions, The Po-
komac Electric Power Company re-
ported net income for the first
huarter OF $955, 877.14. Last year the
net for the same period was $S37,-
400.O7, or d three.months gain In net
This year oc $118,477.O7.
Bankers Meet
n The Importance Of early applica-
Lions for reservations for the Dis
krict cE Columbia Bankers Associa-
hon Convention to be held at Nom
kauIE Point, i. I. in June, which
has been stressed by officers In
kharge of arrangements. is bearing
Fruit. Chairman Lawrence A.
Slaughter Of the transportation COM
nittee, already has received q num-
her Of applications but It is still
considered important to again stress
the desirability of making early
arrangements.
Il Chairman John M. Riordon and
his COMMITTEES arranging the con-
Renkiom program Is making salts
factory progress with the work and
kOmething SURPRISING all previous
hfeorts Ia this une is promised.
Other committees are moving along
with their work In satisfactory
Imanner and the early promise OF
rthe greatest convention ever
keems sure Of fulfillment.
WKxkceES NeSs6A6Gt6M
An of the present officers have
been reelected by the Acacia Mu-s
nal Life Association: William Mont
akomary. who has been the direct
Eag head O1 Acacia for more than
sA years, again was chosen presi-l
lent, with J.. Harry Cunningham -
vice president and =. =. Yort, secre-
harry and actuary. J. Claude KEEL
per is treasurer; Charles p. Bald
win, assistant treasurer; and DR..
y. b. Nichols, medical director. The
following directors have been re-
Charles q. Baldwin, william x.
Eowden. Of West Virginia; =. G.
Graham, John T. Meany., Joseph II.
John 3. Nichols, Charles r. Rob
shrts, II. p. Sfeuart, z. Lee Trinkle,
6 Virginia, and Judge Francis d.
winston, of North Carolina.
= Other Acacia directors include 7.
,Seff Adams, w. T.. Andrews, Harry
Blake. G. G. Coombs. Paul B. Crom-
klin, j. Harry Cunningham. l..
whiting Estes, James G. Hoyle,
Thomas z. farrell, J. Claude Kei-
Der, Arthur D. Marks, Harry L.
Rust. IT., Eugene e. Thompson,
Ind J. r. Yort.
Predicts Bigger Days
In = broadside circular announce
pkment distributed to the newspapers
and to bankers and brokers, j. e.
Nan Dyke, Of the Financial Press,
Df New York, predicts 10000, O00-'
share days on the New York Stock
s&sxchange and proposes that mem.
beers Of all the stock exchanges in
the United States, either collectively
Or individually, engage in cam
paign to educate the public in the
Intrinsic values of the securities
which are daily traded in on the
various exchanges and to build up
their confidence in the substantial
Qualities OF these securities.
: AZ a special meeting Of stock
holders Of the National City Bank,
pf New York, the proposal OF the
The bank from SIS 1000, 900 to $780,.
boo, 900 and the capital and surplus
be the National City Company from
SOS, OOO, 900 to $45, 900 900 and from
B25,OO0, 900 to $4,000, 900, respec.
hyeIy, was ratified.
! Easier Money Seen
while there Is q possibility that
money rates will continue firm in
kae immediate future, one should
not overlook the fact that the peak
wpf the seasonal spring demand for
funds is about over, and that during
khe next three or four months
easier money conditions may reason
ably be expected, according to
sppinion expressed by James Rattray,
vice president Of the Guardian
Erust Company, Of New Jersey.
Rudolph Guenther-Russe Law,
inc, have prepared 100 copies Of
book in permanently bound form,
financial advertising campaigns car.
kied On by them during the last
year, for distributor among I'M
hkestment banking executives inter-
ksted In sales promotion.
New Offices
The new uptown offices of the
ygecond National Bank, just com.
bleted atqa 1331-1333 G st. N. W.,
have been prepared for the formal
opening which will take place on
Monday. The handsome fittings
and fixtures and the effective light.
ing arrangements which have been
Installed make the new banking
room one Of the most attractive
IA the city. The main office Of
skhs Second National is at 500 Ssy-
The security Club of the Amer.
team Security and Trust Company
viii meet this evening at the Grace
tDodge Garden House.
RI Earring HOUSE REPORT