Evening star., 1928-05-27

power company had a total net income
1oT The four months OF Sl,261,2 81, as
against SI,0S7, ,73S0S up to April 81 last
wear. or an increase in net income OF
SI79. .526,SS.
w. Il. & E. Monthly Income Up.
In the report for April made 10 the
Public Utilities Commission the wash
ington Railway Sc Electric Co. showed
net income of SIS, ,4S9.27, in comparison
with S42.95573 for the same month
last wear. or a gain of Sl2,758.75.
Operating revenues for the month
amounted TO $490, ,50S,77, while this re-
turn during April Of last year was
S5l2. .260. 50. Expenses including taxes
we're lighter this year. being $685.
$50 IS. compared with S424. 1928 for
April, 1927 The deductions of the
above expenses left total income from
operations for April OF Sl0l.S545l,
against the sum of $86.0e804 year
The financial reports for the first
four months of the present year reveal
gross income from operations OF
Si,e65, SITS. in comparison with l,989,-
606Is for the corresponding period last
year.
March and April of this year amounts
70 S497, ,868-54, against S4SS,s55.73
year ago.
Weekly Bank Clearings FAN on.
Bank clearings in the United States
for the week ended May "a, as re-
ported 10 BTa6street's aggregated Sl2,-
26o. as. 600 against SIS, 10, 1925, 900 IN
preceding week and S9,S5S,673, 900 in
this week last year. There Is mere
shown q decrease OF II per cent from
last week. but a gain of 25.7 per cent
over the like week year previous.
Checks passing through the Wash
ington Clearing House for the week
ending May "a totaled $26,2S0,000,
compared with $50, ,463. 900 for the pre-
vious week. but gain over the corre-
spending week in 1927 Of 81 per cent.
Baltimore reported clearings Of $780,
s3s 900. against over Sll0.000,0o0 in
the previous week. but decline OF ~
Der cent over the same week last year.
Richmond reported Sal ,826, 900 for Sile
week compared with s43,Sz0,000 for the
week ending May II. The Cancelled
cheeks totaled almost exactly the same
figure IN the corresponding week IN
1927.
Grocery Combine Stirs Interest.
Mach interest was manifest in this
city that q Southern grocery chain,
with 1000 units and assets IN excess OF
x52. .OoO 600, is being formed in Rich
Ynond the Sanitary Grocery Co. and
Piggy wiggiy being mentioned in the
proposed deal.
Edward G. Yonker, president OF the
Sanitary Grocery Co, which has home
o1Siees In this city, could not be reached
yesterday. II was stated al the office
that he was In Richmond. II Is ex-
pected that a statement viii be Issued
by Mr.. Yonker on his return, showing
the position Of his company N the
proposed consolidation. There are 49
Of these stores grouped around Wash
tngton. Several months ago the COM
roany also took over the management OF
the Piggy Wiggly stores in this locality.
The Piggy Wiggiy Corporations in
come Is nov largely derived from a
percentage Of the sales Of all stores US
its name and system
In addition TO the rs stores in Rich
Ynonc, the proposed chain would cover
most Of the important Cities throughout
the Southeast. starting at Washington.
and running through a network Of cities.
gucn as Atlanta Ga. Nashville, Chatta-
Ysooga and Knoxville. Tenn. They
would extend through Florida from
Jacksonville and Tampa 70 Miami and
Pain Beach.
PensSy and c. & o. Rail Earnings.
In It's report q operating revenues
and operating expenses 70 the inter-
state Commerce Commission for April,
the Pennsylvania Railroad shows gross
revenues o9 s5l. l.22s,S63. q decrease OF
S4f26,730, and net railway operating
income Of 50 4es, ,7i0. a decrease OF
Ssli.953, as compared with April 1927.
Gross revenues for the four months
amounted 70 Sl95. .s67 .s37, q decrease Of
SO, ,74s45s, as compared with the cor
responding period for 1927.
get railway operating income for the
-four months of April 80 was 0,z77,-
z0s. q decrease u S355.9l3. as compared
with the same period for 1927
The financial report Of the Chesa-
peske 81 Ohio Railroad for April SHOWS
gross revenues Of s9,3I0,Ss0, decrease
u g. .e7z $40 under those for the same
rno.fh last year, operating expenses,
sgE05 259. q decrease Of &552,7ll. ana
net operating income, S2.097 ,450, a de-
crease q s710.0SZ. Net income after
oil charges we're deducted was placed
a. Sl47lz}2. a decrease of &g42.3ll- J.
The operating ratio was n per cent,
CON pared with G9t5.
First Dividend On New Stock.
Directors of Erisol-Myerg Co hsye
declared initial dividends On the lo0,-
600 shares II the new common stock
% the company, recently Issued, at the
rate u 81 DeF share annually. Igie
directors authorized an interim dividend
ot % z~5 cents per share on the sOocK
Il the company. payable June 10 10
etockhoiders of TecOFd June 20 olYi~
oeno u 81 per share, payable sep
tengDef 70 W stockholders 0f Fec0td
September IS. ard a dividend of 81 per
share payable December 81 ~ stock
holders of Fecord December Il
George Hewitt Myers VI this cit3 H.
one of the owners of the above coz
Kyyyata9u and T. ", BOOKER Snd other
local brokers recently sold large blocks
OF TINS STOCK IN the Capital
Gieaned in Financial District,
Edward }. AcCuade, chairman u the
Dittrict Bankers Association general
convention committee. H. most opti-
U!istlc over the coming sessions Al Mon
falik Beach The complete program oi
an lie events SO detail IL now being
printed and Nj MeQUade considers u
sn extremely good one. And no mem
beF Of the association taas spent more
time ~ make n ~ tEan The vice presi'
oent u ne Liberty National Bank
Edmund u Kbeem, vice president
of gWaftzell Rfeem IL Hensey ca has
returned from TWO weeks nlplAF Ull
through upper New YORK and Canada.
President Fernando CuuDibefu of the
International Exchange Bank has re-
turned from snort business Trip VI
Sssw sGEAs