Evening star., 1928-03-27
CAPITAL INCREASE
PLAN CONSIDERED
Great National Insurance
Stockholders Weigh Matter
at Meeting Friday.
BY EDWARD G. STONE.

rike Building, Joseph A. Burkhart. tn
president. has sent out notices an
nouncing a meeting OF the stockhold
erS next Friday evening at o'clocl
to consider increasing the amount o
the company'S capital stock from $500
600 to $1,000 600 II is also proposed
to reduce the par value from $50 pc
share 10 $40 per share.
II Is further proposed at the meetinS
to provide for the issuance of fiv,
shares Of stock at par value of $40 pei
share IN exchange for each share oI
stock having par value of $50 helC
by stockholders prior to the date ot
voting the proposed increase in capital
In addition to the signature of Presi.
dent Burkhart, the notice of the meet
ING Is signed by a majority of the
! trustees, including Spencer B. Curry
| j. A. Councillor Wade H. Cooper
| Charles A, Goldsmith. Charles w
HYDE, Frederick N, zihlman. Eli A. Hell
mick, L. TheuniSsen, j. Leo Kolb Harry
/ Wardman and Daniel G. Davis.
AS the corporations stock is widely
/ held locally. the result Of the comine
/ meeting will be awaited with deep in
/ terest
c. & ?. Net Income Falls on.
The net income of the CheSaDeakr
/ & Potomac Telephone Co. for Febru.
I ary showed a decline. compared witt
February year ago and January OF
/ this year According TO the report filed
today with the Public Utilities Com.
mission the February net was Sl23.693
/ while it was Si39.8 In February, 1927
and Sl39,365 in the previous month
/ As total operating revenues were larger
this year, heavier operating expenses
caused the difference
Operating revenues for February
we're S642.779. operating expenses
S444,3O9. making net revenues for the
month. Sl9S.470. Taxes assignable 10
operations for February amounted 10
$5I825
Plant added during the two months
~ the current year amounted to S308.-
o57. retirementS. Sl9l. .337. making net
additions Ior the two months period
Sll7,220. Net additions for the u
months period ended February 20.
1928, were s2l24,698.
The net gain in telephones for Feb
ruary was 72l, making total telephones
III service in the District of Columbia
as OF the end Of February l44.737
Comparisons between earnings for
February Of this year and February.
49, 4. are as lOiIowS.
Fersggry Fe9agsry
Total operating revenues sG0a' ;o4 s6ig I'm
Total operating EXPENSES
and uneoIleciiole ... aaa.7lo 444 aoa
Net operating reyennr. S.0a ass SI9S430
Taxes asslg0ahe 90 nper.
@ltohS ..t.s..t. 50.Si@ 81 S95
oocratlng income Si3e.1t6 Si4a645
NQn-nperatlng income .. 5.141 3a51
Gross income ........ Sf5+ ea3 SI4o sp0
Rents ard miscellaneous
deductions ......... @5l@ a@3n
,u,.-.-, ,,..... sI3t5sI sItet5?-
Net income ...... SID Kos &i.a dDa
Bank Women Re-eIect Miss white.
The Bank Womens Club Of Wash
ington held It's monthly dinner meeting
in the business and professional
women's section Of the Young Women's
Christian Association last evening. with
&c members present.
The annual election Of officers took
place. the result being as follows: Lois
A White. president. Federal American:
Mary j. Winfree, vice president, Cont
mental Trust, Catherine M Krieg
recording secretary. Riggs National:
Esther Lau, corresponding secretary.
Riggs National: Mildred Woodcock,
treasurer, American Security 6s Trust,
and Mabel Y Royce. historian. Wash
ington Loan a. Trust
The following members were elected 10
serve on the board for the coming year.
Harriet II. Barrett. Riggs. judith M
Fishburn Commercial: Rose l.. Royce.
Washington Loan & Trust. and Alice
Whitton. First National, Alexandria
Mrs. Helen Casey Hulse. formerly
with the Federal-American Bank was
elected 10 membership bringing the
total up 70 81 This membership Is
highly gratifying 10 the club. as It has
been In existence but one year. having
celebrated It's first anniversary in Feb
ruary
Gas Again Leads Local Market.
Washington Gas Light stock again led
ine local market .oday, i3i shares
changing hands during the session at
W. There we're six different transsc-
lions. one including q block Of so shares
and another Of 60 shares
Capital Traction sold at i0gis Po-
tomac Electric Power per cent pre-.
TERED al ii25e. the So per cent pre-
ierFeo at I0724 and Columbia Sand &
Gravel. ex~divldend at iOI
seventy shares Of Barber e. Ross com
mon changed hands. the stock opening
~ Z1'a and closing at 26l9 Mergeu-
ihAleF Linotype. stiil In the ex~dtvidend
nN. sold ~ the extent Of 30 shares sf
lya's Sanitary Grocery preferred WaE
strong ~ i08
There vas more trading than usual
IN bonds. Capital Traction SIS came
9'it az l0ata. selling an eighth lover
.alFF. of $1,000 turnover. Potomac
EtEFFV3E as
vas sl@o 81 900 transfer In Potomac
Electric Power 6s 81 I0sta A a. 000
SAFE IN Washington Railway H. Electric
g vas recorded Al g3iz while Barber
e. Ross e'zs brought 81.
H. & o. Reports February Net.
The February net operating income
n ne Baltimore ~ Ohio dropped q,
" 40 0es from 2l9l 497 IN February
laSt year. and for the two months this
year ~ &5,35l,l92 from &b.073, ,302 a
year ago
Total operating revenues were alg
1850 compared with 2Ig3 33g 25g a
year ago Operating expenses were
~ ls49l this year. against &i49S9. .
Ibs ~ February 1927 Both freight and
passenger revenues showed 4 decline
curing ihe month, the leI~ap IN freight
business, u course, being the most
severe.
Other Financial Notes,
The motion picture thester business
~ iGs Eastern section Of the country
- due " have 80 excellent year ac-
corcluR ~ Irving - E0s6heiD. president
" the Stanley ca NJ America Ha
declsfed that Ia 1927 mare than 100
600 00G persons attended the STANLEY
thealeTa and expects q gratifying IN.
+ crease during The current year.
7 The directors NJ Twelfth District FED
ersl Reserve Bank IN san Francisco
/ have acquired for $500 900 q building
ste iu Los Angeles where a neB build
Inv vail Bf constructed ~ house the
tocsl branch
The eHaltmeH ahd vice chsiFmen of
I me convention committees viii meet
VII. En.aaun EHDI.laa &C., 1