Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-10-26


crease of $15,-
959.27. Gross in EE
come. less operat- Frank j. stryker.
ing expenses and
taxes, was reported as SAT-, 463.27, com
pared with 70,554.38 last year, gail
of STE, 90889
For the first nine months of 1925
gross earnings from operations totaiec
S6.863, 386.40, compared with $6,2O2,'
58872 last year, a gain III 1923 OF $780,
1878. Operating expenses required
S2.945,845.O3. against $2,775, 34257 q
year ago. an increase in costs Of
S170,50246.
Net earnings from operations amount
ed to 17,541.37, compared with So
427,246.15 in the same period year
ago. or an increase this year of $780,
1882. Gross income. less operating
expenses, amounted to $4,039, 653.2l
compared with S3.575, 1922 last year
a gain of $464,51999
The power company's total net in
come for the first nine months reached
the sum of S2.666, 969.76 in comparison
with $2,1l6.851 oil in 1927, or gain so
far during the present year OF
$550,118.75.
w. r. g. E. Report Also Filed.
According to the September report
of the Washington Railway & Electric
Co. fled with the Public Utilities Com
mission today. the total net income for
the month was $23. 740.87 compared
with SIG, $3.50 i'll the same period a
year ago.
Operating revenues for the month
amounted to $451 ,003.56 compared with
S458,OO791 last year. Operating ex-
penseS and taxes required 1882, 277.6 90
against S386.272.11 in September 1927.
This left an operating income OF
$50, 1858 compared with $71,735.80 a
year ago.
The company reported non-operat-
ing income of $20,201 so against S19,-
1922 a year ago. Gross income less
operating expenses and taxes amounted
to $S8,927.48 compared with $90,925.02
in the corresponding month last year.
The company also reported for the
first nine months of the present year
a total net income of $1.228, 1928 COM
pared with the nine months income last
year of $1,114 1914.
Operating revenues in this period
totaled $4,286,7 01.55 against $4,36l,--
1888 in 1927 Operating expenses and
taxes totaled $3,543, 367 while this
figure last year totaled $3,639, $685..
After the deduction of expenses and
taxes the company had an operating in
come of STAB .33455 compared with
$723,215.31 year ago.
The company's non operating income
for the nine months amounted TO
S1069, 73107 in comparison with $97S
545.38. Gross income less operating
expenses and taxes totaled $1,8l3,O65.62
against 81 ,696, 76069 in 1927.
Bank Changes Progressing Rapidly.
Frank J. Stryker president of the
Columbia National Bank, reports that
the addition to and sweeping changes
in the old bank building at GIT F street
are progressing so favorably that the
staff will be in new quarters before
long. 1t will be recalled that the build
ing has been extended skyward and
many other steps taken to furnish more
space and added banking facilities.
President Stryker has been at the,
head of the Columbia since May l,
1924. He began his banking career
% years ago, entering this field in 1905
as secretary to George w. White, who
was then connected with the Com
mercial National Later he went to
the Federal National as assistant
cashier, remaining there until elected
vice president and cashier of the Co
lumbia National in 1922.
Since assuming the presidency, Mr..
Stryker has had brilliant success In
expanding the banks business. AS a
tribute to his banking ability he was
recently elected to the executive COM
mittee of the Washington Clearing
House Association.
Honorary Degree for Bank Official.
o. H. P. johnson. vice president of
the Nationl Metropolitan Bank. is to re-
ceive the degree of master of arts from
Georgetown University at special cere-
monies tomorrow night. Mr.. johnson
graduated from Georgetown in the
class of 1899 and has been vice presi-
dent of the Metropolitan since 1910.
His father was president of the old
Citizens Bank, which was merged into
the Metropolitan.
Mr. johnson, a native of Washing
ton has been member of the Wash
ington Stock Exchange for about 20
years, serving several years as treas
urer He is vice president of the Chill
drens Hospital Another Washing
tonian to receive similor honors from
Georgetown will be George McNeir,
chairman of the board of the Mohawk
Carpet Mills. Inc, who has climbed very
high in the business scale in New York.
incidentally, James A. Farrell president
of the United States Steel Corporation
and Georgetown regent, will be pres
ent when the honors are awarded.
MergenthaIer Leads Todays Market.
Mergenthaler led trading on the loca
Stock Exchange today, ITO shares
changing hands in eight transactions al
10I Lanston sold at ia. Potomac Elec-
trio Power 5l2 percent preferred solo
at 100, District National Bank at %!
and Merchants Transfer g. Storage
common at 129 National Mortgage
Investment preferred sold to the ex
tent of ITO shares at 53s.
Washington Gas SIS monopolized thu
bond market. A $4,000 bond sold a
103, one $500 at 1922 and three othel
$500 bonds at 103, the closing price.
Cleaned in Financial District.
w. w. Spaid of w. B. Hibbs g. Co
is in New York attending a meeting o.
the board of governors of the Associa
ton of New York Stock Exchange
Firms.
Members of the Bank Women's Clul
of Washington last night entertained
friends at a dinner and open meeting
at the Parrot. Lois A. White, who hat
been unable to attend recent meeting
because of illness, presided.
The Pennsylvania Railroad has de
clared the regular quarterly dividend o
87I2 cents, payable November 80 t.
stock of record November l.
Climbing SLOT ,903,0 900 above figure
for last week, loans to brokers and deal
ers reached the high total of $4,772,
$4,000 for the week ended October q
according to a statement made by tn
Federal Reserve Board yesterday.