Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-10-20

companys lines. In
September of this hssss xsless ssassssss
year 4.5197l5 pas Arthur Foraker.
Sengers psid fares.
while 4SiS.557 passengers used the
Capital Traction service = September.
1927.
Operating revenues IN September
amounted 10 1884 5O139 against s9h6.-
005.S7 last year Operating expenses
required S247,934.53. in comparison with
sG51 ,9737o. in the same month year
ago After the deduction of expenses
and taxes the company had total op-
Grating income Of jo.735.5 so. compared
with a net operating return last year of
S64.664.56.
Nine Months Income Reported.
The Capital Traction Co. also report
ed earnings for the first nine months of
tbs present year. Operating revenue
were 1925. 2o3e sc. against $3,316.31460
fer the same period last year Operat-
ing expenses totalled S2,284.139.31, COM
pared with Sc.321 ,62o33 year ago.
Taxes required S2so.49O.3A. against
! S274,646.CA for the first nine months of
! 1927. After the deduction Of operating
expenses and taxes the company re-
ported q gross return from operations
Of S6al.574.21. in comparison with
(
! last wear
The company reported non-operat-
| ing income for the nine months of SCI
! 092.03. compared with similar return
/ Of S33,937,97 year ago. So far this
year 43.7l2.592 revenue passengers have
used the Capital Traction lines, while in
the same period last year As ,256,216 rev.
enue passengers availed themselves of
the service.
Transit Company Reports Loss.
The Washington Rapid Transit Co.
made its September report to the Pub
lie Utilities Commission today. The bus
! lines reduced the earnings deficit COM
pared with September of last year by
S1,73915
Gross revenues in September of this
year amounted to $40,90459, compared
with $37,732.98 in the same month
year ago. This was an operating gain
of $317156.
operating expenses were S42 heavier
this year, being $44 ,232.02, against S44,-
/ 1895 in 1927. The deduction of ex-
penses showed an operating deficit for
the month of $4,1S8.74, compared with
S7153.72 last year. cut of S2,96A98.
The company's income balance at the
; end OF September showed the net deficit
for the month to have been S7,o92. "a.
COMPARED with the higher figure of
So,o2l.87 in September, 1927.
Young Broker Advances Rapidly.
Arthur Foraker, manager of the
Washington Office of Eastman, Dillon &
Co., Is one of the youngest brokers in
the country to be in charge of an i'm
portant branch of a New York Stock
Exchange firm. He has held his pres
ent position for nearly four years.
Mr.. Foraker is the son of the late
j. B. Foraker of Ohio, who served in
the upper house in Congress for IL
years His father was one of the most
| prominent Senators of his time and
when he came to Washington had al
ready served two terms as governor of
the Buckeye State.
While the son was born in Cincinnati
he came here when very young, his
father entering the Senate in 1897. Six
years ago the appeal of the brokerage
business took him out of the automo-
bile field, in which he started his bust
ness career. He is member of the
Washington Stock Exchange and of
several clubs and is about 36 years old
Suggests Way to Higher Profits.
Stressing the fact that "one of our
codntrv's greatest needs at the present
time is profitable agriculture" S. J..
High, president Of Peoples Bank &
Trust Co., Topeka, Miss, told the State
bank division of American Bankers As
ISOLATION that the farmer must be put
more on cash basis.
Large crops are not the solution for
the farmers problem" Mr.. High said,
because large crops usually lower the
price. Diversified crops and live stock
are his need; in other words, supple
mental crop, or produce that will bring
him monthly income. In most sec
tons this can be accomplished through
the pig, chicken and COW. They utilize
the rough feeds grown on the farm
and eliminate having to prepare and
grade them for market.
Cleaned in Financial District.
Secretary Mellon sent floral tribute,
as did several other Treasury officials,
to the funeral of Benjamin Strong, gov
erncr of the New York Federal Reserve
Bank, services being held in the Brick
Presbyterian Church in New York
THURSDAY.
The American Stores Co., which re-
Gently took over the Old Dutch Market
chain in this city, has declared an extra
dividend CT so cents, payable Deem
Der ! to stock of record November Is.
|
so cents payable January / to stock of
record December IS.
Plans for improving the monthly
bulletin of the District Bankers Asso-
citation have been laid before the pub
licitv committee by Chairman George
0. Vass. Assisting Chairman Vass in
the publication of the periodical are
James A. Soper. vice chairman; Bruce
Baird. J. T, Exnicios, T. Hunton Leith,
Lanier P McLachlen. C. H. Pope, F. P.
H. Siddons and Laurence A. Slaughter.
Advertising Committee Meets.
Eliot II. Thomson, chairman of the
advertising committee of the District
Bankers Association held meeting OF
his committee yesterday afternoon to
| plan for the cooperative advertising of
the Christmas clubs again this year
This method. which has met with such
brilliant success in the past. will be
expanded this year still further Other
| members of the committee at vester-
| days meeting were Claude Il. Wood
ward. Robert L. Father and G. w. Shoe
| maker.
Retail Food Prices Higher.
Fetal prices of food in the United
| States increased nearly 21a per cent
from August Is to September Is and
| nearly 21a per cent since September Is
a year ago, according to the Bureau
| of Statistics of the Labor Department
During the month ended September
Is prices Of 81 articles increased, de-
creased and 9 showed no change. All
cities showed increases for the year
ended September Is, advances ranging
from per cent in Cincinnati Scran-
ton and Seattle to only u per cent in
New York, Atlanta, Houston and Jack
sonvillc.