Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-31


Total net earnings of the Capital
Traction Co. for September amounted
to 28,34225, against $33,0361l in Sep
TENDER, 1928, according to the monthly
statement filed today with the Public
Utilities Commission. This is a de-
crease of $4,693,86.
Operating revenues for the month
were $3.50, 038.59, compared with 1884
500.37 a year ago, falling of Of
S4461.78. Operating expenses required
S247, 256 sc, against $247, 934.53 a year
ago, which shows reduction in oper-
ating costs of $677.57.
Pc After deduction of operating expenses
and taxes, the corporation had total
income from operations of 57,575.66,
= compared with $60,735.50 last year, a
falling off in this item of $3,159.82.
:. The company'S incorporating income
was slightly higher this year than last.
, The number of revenue passengers
carried on the Capital Traction lines
in September vas 4,387 $50, compared
F.. with 4,519,715 IN September, 1928, a
decline of 132,056
Earnings for Nine Months.
Z The Traction company reported oper-
ating revenues for the first nine months
OF the present year as S3,194, 057.66,
. against S3,236,20386 last year, a de-
cline of $42. 146.20.
Operating expenses reached the sum
of So ,295, 305.48 in comparison with 81
234,l3931, a falling off of over $11 900.
Expenses and taxes showed a reduction
q of So, 44320 over the same period last
year.
Total operating income for the nine
months amounted to 1852 ,871.2l, against
S691 ,574.21, slump of $38,703. After
i all the usual deductions the company
reported net income of $396,89985
compared with $448,929.99 a year ago
q decline in earnings Of over $50 1000.
Revenue passengers carried in nine
months this year numbered 42,345, 795
against 43,712,612, difference Of l.
3668l7. The figures show that the
management has made further econo-
. mics this year in operating costs and
that the falling off in revenues has
been due to the slump in revenue pas
. 3enger traffic due in large measure
: to privately owned automobiles.
G.. E. Fleming Reaches Home.
George E. Fleming, vice president OF
the Union Trust Co., was greeting
friends at the bank today on his return
from two-month trip to Europe. He
visited England, Scotland and France
and other places and reports delight
full trip. Mr. Fleming has been II
years and is former president of the
District Bankers Association.
Busy Trading on Exchange.
Trading was active on the Washing.
ton Stock Exchange again today, but
not up to Yesterdays record volume
There we're some price receSstons, bu
at the same time advances were alsc
scored. Bonds we're in fair demand
with quotations little changed from
yesterday.
The most popular bonds were Wash
ington Gas SIS, the series A and B IS
Potomac Consolidated SIS and Chesa
peake & Potomac Tel. Of Va. SIS.
Bank stocks took a prominent plac
in the days sales. Ten shares of Ma
tional Capital Bank sold at go, i
. of Commercial National at 258, 10 Dis
trict National at 900. Ten shares o
National Savings g. Trust sold at 54(
10 of Union Trust at 31l, and SO share
. of Bank of Bethesda at SO.
Mergenthaler was one of the mos
active issues today, advancing to 10
on sales of 70 shares. Capital Tractio
figured in several small lot sales at q
Peoples Drug Stores preferred sold O
l07la, Federal American Co. preferre
at SO. Woodward & Lothrop at To-
while rs shares of Terminal Refrigerat
! ing g. Warehousing Corporation sol
at 4S.
It was voted to close the local eS
change tomorrow and Saturday in col
& formity with the action taken In NJ
! York. Market observers state that cor
siderable of yesterdays selling was |
local investors who, temporarily, I
&, least, wished extra funds for use in ou
side issues.