Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-23

ti0u'S operating cA- -
penses for the ]. W. HARRINGTON.
month were SSlS.-
,rT2744. against $500 004 60 in July las
near. an increase Of ST., 722.95 Ate
deduction Of all operating expenses, th'
company had an operating income O
S492,024l7. in comparison with $780,
i F5494 last year, a gain in operating re-
turns Of 81 26o2S
j Figures for the first seven months o
Ia3s, fled With the commission, revea
gross earnings from operations Of S.
a0S PSI q. in comparison with Si92l.-
Si3.TS in the same period i'll 1927. This
f an increase of Sass 1896 so far this
scar
) Operating expenses required S@.2S3-
1882 AGAINST S2iaS.S3S1i last year,
an increase of siS4.SQ4St After de-
quoting expenses. the corporation had
1et earnings from operations Of S3.l23.-
ES72o. compared With So. ,978.64 IN
The corresponding seven months laSs
year This is an increase of SS50,2IS.65
After the deduction of operating ex-
renses the company had gross earnings
If SIS. 209. $3.50. compared with S2.S7i.-
s2116 in 1927, gain Of S334,637.73.
Following the deductions Of all other
Eiaarges the power company had total
ST. 4EtIB&skE III AA3t AAASS * wa aAANAAAAt
this year of S2.I25, 58644. compared
svith sl,7Is.66953 a year ago. gain
CT s406. 1851.
s W. r. & E. Earnings Of in July.
1 The July statement of the Washing
ton Railway a. Electric Co. was also
filed with the Utilities Commission to-
fav. The figures show net income
3or July Of SI0.44773, against the larger
return last year Of SIS. 1925.
Z Total operating revenues for the
n7onth were $3.50. SOC 90, compared with
the higher figure year ago of sara
p46i7 Operating expenses and taxes
wefe heavier this year. being s403.TIo-
sp0. compared with $500. sol IS last year.
{ The railway corporation had total
operating income of s56.728.09. COM
pared with s72l46.5I in July. 1927.
Returns for the first seven months
OF the present year revealed operating
revenues of $500. 4lI.68, against
s3.4sI 1926 a year ago. Operating ex-
penses and taxes required S2.T74.6o9 40
against the higher figure last year Of
Sc, 564 25o74. This left an operating
income for the period of s62s, 902 %,
against S5o7 10 year ago.
The company's incorporating income
totaled S729. 2o6 "a. compared with $685.
1888 last year. This company's gross
income after The deduction of operating
expenses and taxes reached the sum
Of 1856, 90e -, against 81 .252 $685. in
1927.
After all the usual deductions the
company reported a total net income
fer the seven months of s90l 1921 in
comparison with the lower figure for
the same period last year Of $685., 940.67.
Washington Gas Comes Back.
Washington Gas Light stock ad-
vanced On a flve-share sale today TO 96.
the figure it reached two weeks ago.
Peoples Drug Stores preferred was the
most active issue. As shares selling at
jf5. Mergentnaler sold 10 the extent
of so shares at l0os4 and four more
at 1902.
Ten shares Of Columbia Sand &
Gravel preferred came out at 9134. One
hundred shares Of National Mortgage &
Investment preferred opened at Az and
100 more moved az As. Commercial
National Co preferred registered i05
Bank Of Bethesda stock appeared on
the hoard for the first time in many
months. seven shares selling at S.
IN the bond department Potomac
Electric Power Is sold at l08. while
Gas 6s. series 3, moved al l04lz on a
small turnover.
Broker on for Atlantic City.
J. William Harrington OF w. B. Hibbs
& Co. left the city early today by motor
for Atlantic City. where he will spend
his vacation. enjoying the breakers at
the New Jersey resort. Mr.. Harrington
has been with the house of Hibbs for
the past three years or since the death
O. John L. Edwards. For eight years be
was manager Of the local Office Of John
l., Edwards Il Co On Fl street. He is q
member Of the National Press Club the
Board ~ Trade and several other organ
cations which have no connection with
fs3e trend Of securities in Wall Street
Born in PurcellyiIle, Va. he gearned for
larger fields TO conquer. came here when
= oog, and has lived in the Capital ever
ssnce.
Bank ADOPTS Saturday Closing.
TIE directors of the Mount Vernon
Fasinas Bank have voted TO close the
institution on Saturday evenings the
gear around. according 70 announce
nasnt by President ClauGe H. Wood
ward. This Is very important move.
IS II viii very likely mean that all the
banks IN the city will also close Satur-
csv nights al the year II Will be re-
called universal closing almost went
through o year ago, this bank being the
only orc 70 oppose IL.
Mr. Woodward is enthusiastic over
the closing idea. He reports that bust
ness has gained steadily during the
Summer N spite n the closing. In
yestigation shows. he says. that nearly
al the Saturday night patrons use the
bank a. TIA. time merely because IT i
open.
Named Convention Delegate.
EeFtrzm Chestefman, president o
the Morris pan Bank Of Washington
has Deek selected by the directors 4
present tne ban6 At the ninth annua
convention ii the Morris Plan Bankers
Association 1t Richmond. October !
q and 20. Tne sessions NiIl be held a
ire Jefferson. biT CfcBterman con
Glder6 this me most important ConPen
ti0n VET held because ri the expansion
Of business all OYER the country.
Financial District Notes.
john II i4arner Of the Washington
LUan a. Trust CO is hack III his desi
after his vacation II MiffliugtoWn Pa
William s. Lyons assistant secretar
Of tie gnlgn Trust Co, Is on his yaea
zion. #Hlcn VIII extend into September
Thomas j. MangaU. jr Washington
representative If HaiSeY Stuart q Go
IS rejoicing over The arrival IN hi
household VI a i0-pound baby girl,
Prank r Gtrgker, president u th
Columbia National Bank. has returue
from q short outing down The bay
J e. " Igiehaft az Co will offer
nrW $500 600 Security Bond IL Moftgag
CO. 5l2 per cent bond issue tomorrow