Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-03-22
CAPITAL TRACTION
I|NCOME INCREASES
February Net S7,597 Over
sTotal for Same Month Last
Year. Report Shows.
BY EDWARD c. STONE,

III EUNAhD Z. SkONn,
Net income of the Capital Traction
c.. for February shows gain OF
$7.s97ls over the corresponding month
4, 1927, the monthly report filed today
with the Public Utilities Commission
shows
The traction company'S net this year
was SS2.072S4 compared with $44,4i5,6
IN February. 1922. Operating revenues
IN February of this year also exceeded
last year, being $S59.4So.74. against
SS5SI2Sl6.
Expenses amounted to S249.6S7 so,
against SS5i.750.S6 in February last
wear Taxes were $29,759l7. against
SOS ca0s7 A substantial gain was re-
ported in the compsny's operating in
come which stood at $Soo33,97, COM
pared with S7o.oS6.7S in February, 1927,
+ The number Of revenue passengers
carried on the company'S lines during
February of this year was 1850. 426.
against &SS4,lS5 a year ago,
Gain for Two Months.
Comparisons tor the first two months
ef the present year also show gain in
the con1pany'S net income. The January
and February net amounted to SloS,-
e4S SO. against Sl07.27l.i3 for the same
period year ago.
Operating revenues for the two
months were ST37.567.i4 against $742,-
s512o in 1927. Expenses and taxes
amounted 10 S5743o4.62 in comparison
with Ss7o. 1904 Operating income was
Si6S. 262. 81. compared with Si62.46O.T6
In 1897.
The company reported A gross income
TO- the TWO months of Sl6S,55S-S0,
against SlS5. 003.62 for the correspond
tlc period q year ago. The number OF
passengers carried in the first two
months in 1928 was l000l. S5S, COM
pared with l0.l5l.25S year ago.
In comparing the February statement
rsth January of this year. it Is noted
that the first month OF 1928 revealed
ssrger net earnings after all deductions
fc- operating expenses. taxes and otner
charges. being S56,iT5.54 against the
Sboye mentioned net of S5a072s4.
Local Market Lively Today.
In an unusually lively session of the
Washington Stock Exchange prices
-ere firm today and trading active III
saany different issues. Washington
ssas again was the most interesting
stock on the board, climbing 10 90ls.
20: far from its high for the year of
sOi,. The stock opened with To-
.tare sale at So7s. Then followed 10.
20 and so share blocks at 90. with 10
s,ors shares reaching the days hign
s7ark and bringing total sales to los
shares-
(. Potomac Electric Power per cent
preferred was strong. opening at liz
md closing al lI2i4. The 5i2 per cent
ssSue moved at 1917. Chevy Chase
ssairy preferred sold al LOG. Columbia
land & Gravel came out at l05S4. ano
I shares of Merchants Transfer d
storage preferred appeared on the
soard at 1861
SANITARY Grocery preferred opened at
sns3. and closed at LOT. Another trans
isr was recorded in Terminal Refriger-
s.ting & warehousing Corporation al 90
sone bank stock was out. Union Trust
telling at 3l4, was within point o.
sss high for the year.
J Eight shares Of washington Medical
ssuiidsng stock brought 1877. This was
he first tranfer Of this issue since 1t
.rzs listed on the exchange many months
tsvo In the bond division Washington
.-5as IS. series A. sold at 1861, while the
saerles 3 bonds moved at i01 2. Poto-
srsc Electric Consolidated SIS in $4,000
turnover brought 1885,.
TWO more local issues we're quoted
tx-dividend today. Norfolk e. Washing
ION Steamboat Co. and Merchants
transfer e. Storage preferred.
/ February Motor Output Higher.
Motor vehicle production in the
TINTED States in February was 323.36S
sanitS. Of which go $50 we're passenger
Ears and 32.53o we're trucks. according
10 the Department of Commerce. This
ieogmpares with 23l SAT passenger cars
ssnc trucks in January and 3o4.765 IN
iFebrusry. 1927. Combined production
ssor January and February totals $751;
.oi5 vehicles. against $4,000 for the
.ss1le period in 1927
|. Canadian production for February to-
:taied 1884 motor vehicles. against
q E63 for January and 1855 for Fenru-
larry. 1927. Production for the first two
months totaied 20.967 passenger cars
End trucks. against 3f.03i for January
land February. 1927.
Heard in Financial District.
The Eastern Regional Savings Con-
terence opened a two-oay session IN
sEew York today Several local bankers
spssnred 70 attend. but many more viii
lake in the session Of the Southern
conference At Richmond on April 5
.snd 6.
The March meeting Of the local Bank
~
This Is also the annual meetings, and
members viii hear reports and transact
scshey business.
The Eecurity Club anticipates pack
is6 house tonign. when is annual play
Is presented IN the Wardman PARK The
later
The monthly bulletin Of the District
iFsznKeyg Association appeared today. IL
Ecoatzirls the committees for the coming
ssnnlIzl convention and many announce
.rsents vital 10 members.
The general convention committee Of
tire Bankers Association holds It's firSt
injecting tomorrow afternoon at head
quarters in the Becker Building on y
street
The Establishment and Operation Of
.Cgedlt Bureaus" has been selected a.
tine topic for the annual essay contest
for students IN Washington Chapter. a
4 E. the three winners being AWARDED
frsDs 70 TIE June bankers convention
American Stores Co Reports,
I The annual report 81 the American
4E.0yes Co. which recently purchased
tbs 10 Old Dutch Market Stores IN this
ss3ty shows for the year ended Deem
Der g.. 1927. net income u 81 442 9Z2
after depreciation and Federal tazes
equivalent 70 &zz2 3 share earned on
81 Isl s0S no par shares II stock. THIS
compares with S7257,s75, OF Ssi7 q
share. In tiae previous year, After DE-
'euct1oa Of DIVIDENDS surplus for t9e
yesx was 80 5s2 .2Sl. against i50
n 1925 GsOSS sales tor 1927 were
isG29.Lg4 SCI. compared with Sliesg2,-
z2s Ia previous year.