Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-11-29
RAPID TRANSIT NET
REVEALS GOOD GAIN
Increase of 59,e52 Fares
During October Sends Earn
ings Up Nearly $4,000
BY EDWARD C. STONE.

According to the monthly report of
the washington Rapid Transit Co., just
filed with the Public Utilities Com
mission, the bus lines had an increase
in receipts over the corresponding month
last year of more than $4,000
Total operating revenues amounted
to 849.637. compared with $42,507 a
year ago, an increase of $7,129. OPP
Grating expenses claimed $45,9 76, against
$46. 1873 in 1927, leaving total net rev.
enueS from operations of So, $50, in COM
pariSon with a deficit last year OF
S6231, or an improvement of 1891 80.
The companys total income was
$294865 against a deficit in october
last year of $6,94062, leaving a gain in
net earnings for the month under re-
view of $9,889.27.
The transit company reported that
the number of revenue passengers car
ried in october totaled 475.878. against
4l5,926 in October of last year, gain
In passenger traffic of 1882 fares.
Reserve Board Credit Increasing.
Continuation of industrial activity
and larger volume Of production, with
. sharp decline in wholesale prices, is
pointed out by the Federal Reserve
bank credit continues to increase, with
little change in reserve credit out
standing.
Industrial production is maintained
at the high level of September and well
above the corresponding period in 1927
Factory employment and pay rolls are
at highest point since early 1927, and
output of pig iron and steel continues
at high level Building contracts con-
tinued to increase in October
The board points out there was con-
siderable increase in total of loans and
investments of member banks in lead
ing cities in early November. but total
is still below that at midyear Loans
chiefly for commercial purposes re-
manned at high level, with loans on
securities increasing, while investments
showed further decline.
A. Fleming "a Years Old Today.
I. A. Fleming is rs years old today.
The dean of Washington financial
writer's is passing the event quietly at
his home, 2700 Connecticut avenue
northwest. It looks as II Pop" must
have had some arrangement with Presi-
dent Coolidge In regard to q double
celebration. He denies this, however,
insisting that he had planned to observe
his birthday on the 2oth long before
the Thanksgiving proclamation was
written.
Mr. Fleming is still as strong men
tally as he ever was. For more than
90 years he has been writing financial
news and comment, a most remarkable
span of journalistic activity. He started
his career as q boy of IS or Is on the
Chicago Board Of Trade handling grain
quotations. That led him into news
paper work. Years later he owned q
seat on the same exchange.
When congratulated at his home to-
day, Pop" as he is best known, an
nounced the call of the Southland Is
again too strong to be ignored. He
leaves here Saturday for Miami, where
he will spend q rev days and then re.
turn to his old haunts at Melbourne,
there to enjoy another Florida Winter.
North Americans Standing.
The consolidated balance sheet of the
North American Co. and subsidiaries,
as of September 80, made public this
week, shows some interesting compare
sons. The figures: