Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-29
CAPITAL TRACTION
INCOME INCREASES
Gain of $1,000 Shown in
December Net-Year'S
Return Off.
BIZ EDWARD c. STONE.

statement filed with the Public Utilities
Commission, the net income of thu
Capital Traction Co. in December
showed a gain of $9,eOo.e5 over The
same month in 1928.
Operating revenues in December
totaled S377 ,08S.s1, in comparison with
1915. 666 % in December, 1928, fall
ing of in operating income of $l,422.38
Total operating expenses were $685.
420.12, against $3.50 ,989 SO, a reduction
In operating costs Of 81 ,569.74.'
Operating expenses and taxes totalec
&283, 3I4.39, compared with 1921 OPT AZ
In the same month in the previous
year, or a saving of $7,713.30. The
company reported a incorporating In
come of $5,394.18. In comparison with
$5,I95.92 in the previous December, an
increase of $1e8.26.
Gross revenues in December, 1929
amounted TO $99, 168.40. compared with
$So, S34.72 the yoar before, or a gain OF
S9,33368. The usual deductions from
gross took the sum of $31 ,928.23. against
So. 495.50 in December. 1928, q saving
of S567.27. This left a total net in
come for the month of $67.24017. COM
pared with $57,339.22 in December.
1928.
The number of revenue passengers
carried during the month revealed a
slight gain, the total fares collected
being 5,003. 293, against 5.003 ,209 in De-
cember, 1928, difference of just 81
passengers. The checking of the fall
ing OF in passenger trafic and the re-
duction of nearly $4,000 in expenses and
taxes were the main factors in the more
favorable showing for the month.
fractions Yearly Net Lower.
The Capital Traction Co. also filed
the full years report of earnings. This
showed that total operating revenues
were $4,296, 905.85 against $4,344, 147.ee
in the IL months of 1928, a decrease
of over $1,000. Operating expenses re-
quired $3,o67, 371.35. against $3,054,-
9S1 IL in 1928, reduction in expenses of
well over $4,000.
Taxes were also lower this year, being
1927, SCI "a, against $346, 965.32 for the
previous year, saving of SIS, 1878. SO.
Operating revenues amounted to $901,-
1926 In comparison with $942, 201 SIS,
a decline of SAC. 258.99. Incorporating
income for 1929 was $26, 869.07, COM
than in the previous IL months.
The traction company reported a
gross income of S928,811. So, against
$974, 1851 In 1928, a difference of
$45,3I3.96. The usual deductions from
gross income required 1886, S37.2o, COM
pared with $353,720.01, a saving during
1929 Of $13,11719.
Total net income for the year 1929
was reported as 1851 ,974.43, against a
net in 1928 of $620, 405.60, or decline
in earnings for the IL months of $751;
431.17. Total revenue passengers car
ried on the company'S lines during the
year were 56,991 ,321, compared with
1891, 1871 in the previous year, a falling
on in trafac Of 1,626,o70 fares.
Rapid Transit Business Better.
Expanded service and additional
buses caught more business for the
washington Rapid Transit Co. during
1929, its statement of operations for
December and the year filed yester-
day with the Public Utilities Com
mission, revealing operations for 1929
improved over those Of 1928 to the
extent of $24, 421 .69. ~
The item, income balance transfer
able to profit and loss, showed $7,325.79
In the red ink at the close of the year,
as against q deficit OF $31, 747.4S at the
end of 1928.
In the District the statement listed
q surplus of $2,23628 on December
81, 1929. against an independent def
cit OF see, 249.03 at the close of 1928.
For the month of December there
was q total deficit of $456.99, while
December 1923 showed a surplus Of
$235.27. The December 1929 surplus
for the District was $782.6S, while that
for the month In 1928 was $i,069.l7.
Young Bankers Rush to Glasses.
Large numbers of enthusiastic young
bankers are huStling to the institute
every night this week to register for
the second semester. The courses in
clude one in banking fundamentals.
conducted by Eliot H. Thomson; COM
mercial law, in charge of Bolitha NJ.
Laws; negotiable instruments, under
Rymond B. Dickey; standard banking,
analysis Of financial statements, under
the direction Of James D. Cushman and
William g. Buchanon, and business
forecasting, with Walter II. Dunlap as
instructor.
The course In public speaking is also
being continued with the same instruc-
tor, Charles S. Richardson of Mary
land University directing the work. The
institute faculty this year is one OF
deal Of interest in the last half year
IS being manifested.
The chapters Washington birthday
banquet committee met last night. The
committee members are anxious to
know what the menu is to be and some
Of the French names on the bills offered
Tor inspection have caused a lively
have course in French next year.
Bank Stock Leads Trading Here.
Light trading on the Washington
Stock Exchange today was led by trad
ing In Commercial National Bank stock
Two blocks changed hands during the
session, a 10-share lot and 40-share
lot, both selling at 245, of points from
the last sale.
One hundred shares of Federal-Amer-
lean Co. common moved at SO, Wash.
ington Medical Building Corporation
came out at SO and Is shares of Wash.
ington Railway Electric preferred sold
at 95K. Carpet Corporation sold to thu
extent Of Is shares at "a.
Bond sales were confined to Wash.
ington Gas IS, series B, at 104 anC
Washington Gas IS at 101. Gas stock /.
now quoted LOG bid and 40 asked. Cap
ital Traction, which has recently
grtpped attention closed today 81 bic
and 81 asked.
Heard in Financial District.
The regular quarterly dividend Of tn
Washington Gas Light Co. of 90 cent
per share will be paid on February
to stockholders of record on January Is
The annual meeting of the Norfolk &
Washington Steamboat Co. takes plac
on February Is.
Maurice Otterback, president of tn
Anacostia Bank. has arrived at LAX
Wales. Fla. on his way back from Cuba
William r. DeLashmutt, cashier O
the United States Savings Bank, wa
recently honored by reelection as presi
dent OF the Bank of Damacus, II
Maryland
Southern Railway 1929 earning
$ll:65 common share, against $12.5
share in 1928
Virginian Railway 1929 earning
4l2 M a common ehora a0as,.ek 60 o