Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-30

earnings were I'M S6s ~ %
usually low.
Operating reve-
nues for March hasdszask
amounted to $685. e. e MORAN.
572.5S, compared
with S381.l41.20 in March. 1929, while
operating expenses were S257 297.54 il
comparison with S257,338 so a year ago
Taxes required S29,101 81 during the
month Of March compared with $685.
7l463 in the same period in 1928 De-
duction of taxes and operating eX-
penSeS left an operating income Of $685.
1886 against $89, 1929 in March OF
last year
Earnings for the first three months
of the present year are behind those
of year ago largely because of the
February figures. The net for the first
quarter of 1929 amounted to STAT
935.07. against the three months net
q year ago of $l70, 1861.
Reveue passengers in March totaled
5.166,255, against the total a year ago
of 5.169,1l9. In the first three months
of this wear the Capital Traction Co.
carried 14,313,187 revenue passengers
while 15,l70.977 were transported dur
ing the same period in 1928.
Bank Official Named.
At a recent meeting of the board of
directors of Gillet 81 Co, Baltimore
bankers, Sidney T. Thomas was elected
a vice president.
Mr.. Thomas has been manager of the
company's Washington Office for over
eight years, and his knowledge of in
veStment securities and efforts to serve
Washington investors have won him
many friends.
Mr. Thomas, graduate of George
Washington University, entered into the
investment banking field in 1919.
Gillet & Co. are specialists in power
and light securities Other branch of
fees are located in Easton, Md: Phila-
clelphia, Pa; Williamsport, Pa, and
Birmingham, Ala.
Morgan Bond Outing Chairman.
Charles Carroll Morgan, head of the
bond department of @. NJ. p. Murphy
81 Co., has been made chairman of the
committee of the Washington Bond
Club which will take charge of the an
nual outing at the Burning Tree Club,
10 take place on June IA. Kenneth 5.
Wales, president of the club; Franklin
Ellis. Sidney Thomas and Robert Stead
are the other members OF the commit
tee, Mr.. Stead being vice chairman.
111lS Is Tie SeCOuQ SSdL lAAdb al al
nual outing has been planned. Last
wears event was attended by practically
the entire bond fraternity of Wash
ington, large number of local bankers
being present as guests. Mr.. Morgan,
the committee chairman, was one OF the
organizers of the club, has served 1t
as president, and has played a most
important part in its success.
Local Market Is More Active.
Trading was much more active on
the local stock exchange today than
it has been for some time. Capital
Traction figured in several sales at
98ss, q and u, Washington Gas SOFA
ex-dividend at 1862, while Lanston
Monotype moved at 126 and Peoples
Drug Stores preferred at lis.
o1aE, and Federal Co. com-
mon at SO. Security Storage Co. SOLD
at l22 and 1921. Light trading IN
Railway g. Electric preferred took place
at 967s and 20 shares of Mergenthaler
Linotype changed hands at 107h4.
Potomac Electric Power II per cent
preferred registered 107l4 and the 6
Y,er cent preferred moved at liz. Riggs
National was the only bank stock APP
pearing on the board, 10 shares moving
at $751;.
There was considerably more trading
in the bond department. Gas, Railway
e. Electric and Capital Traction issues
predominating. Prices were at recent
levels.
Lanston Meeting Thursday.
The annual meeting of the Lanston
Monotype Co. will take place in Alex
andria Thursday noon. j. T. HendricS
of this city is chairman OF the board
and George w. White one of the direc-
tors. After the meeting in Alexandra
the directors will meet at the Carlton
Hotel later in the day for organization.
There is one vacancy on the board to be
filled An excellent financial statement
is anticipated, the annual report always
arousing wide interest in Washing
ton where the stock is very widely held
More Money Spent on Beauty.
March sales of the American Yvette
Co, Inc, operating NATIONWIDE
chain system of beauty parlor salons,
one of which is conducted in the S.
Kann Sons Co. department store, were
1924. 288, against S250,776 in March OF
last year. an increase of S33,5l2, or 1873
per cent, it was announced today by
David Oppenheim, president.
Sales of the organization, which does
business in 81 department stores in "a
cities, for the first quarter Of 1929 were
S76l $50, against $696,332, an increase
of s62,32o.
Heard in Financial District.
Victor B. Deyber, president of the
Second National Bank, has been con-
fined to his residence with sprainec
back 1t is limited that Mr.. Deybel
became too much interested in Spring
gardening.
Members of the ladies' committee o
the general committee in connection
with the annual convention of the Dis
trict Of Columbia Bankers Association
at Montauk Point, Long Island, N. Y
June 1923, will hold their initia
meeting at the residence of the chair
man, Mrs. Robert V. Fleming 200
Wyoming avenue northwest, on the af
ternoon of May 7, at 4:30 o'clock.
Other members of the committee ar
Mrs. Wilmer j. Waller, vice chairman
Mesdames i. P. McLachlen, E. ]. Nc
Ouade, A. S. Galley, c. H. Pope, w
w. Spaid. George o. Vass, F.. p H
Siddons, T. w. Brahany, C. H. Wood
ward, II. L. Selby, j. A. Soper and T
II. Cox.
The team of Washington Chapter
American Institute of Banking, whic
participated Saturday in the nation
wide, simultaneous, Geographic tempt
tournament inaugurated by the LC
Angeles Chapter. received word yesteI
day, that the contest had been won
the team of the Jersey City Chapte
.