Evening star., 1930-06-26

Of s278 495 Rail-
way operating ex-
penses were cut
over $15O0000 uu.L p.u, g..
during the month.
The railway reported a net railway
operating income for the first five
months of the present year of SI4, ,029,-
178, against Sl7,702,763 in the same
period last year, or decline in earnings
Of S3,673,585.
The report shows the heaviest de-
crease in earnings was in the freight
and passenger departments. Freight
trafic fell off $7,5S6,8l4 during the Ave
months and passenger business was
lighter by Sl,l93.911. The decrease
however, was made much less severe
in total earnings by q substantial re-
of well over 5000, 900 in op-
Grating expenses.
Pennsy's Net Also Lower.
Net railway operating income of the
Pennsylvania Railroad Co. for May de-
clined S3.764.7 785 to $9,3S3, ,9B4, as COM
pared with the same margin last year.
The largest drop in revenues was from
freight traffle, which last month
brought in S36.337, ,349, or $6,765, ,7O6 less
than in the same month Of 1929. Pas
senger revenues declined S1,006.73l to
S9,490,065. Railway operating revenue
at ssh 209 5Sl was down SS.744,O71.
while railway operating expenses were
S4,89e,l04 lower at $37,039,512 For
the five months ended May 81 net rail-
way operating income was S38, ,186, ,388,
or ,203 under the corresponding
period last year. In the period, rail-
way operating revenues declined $29,-
S06,5S6 to 1852. .s16,774 while railway
operating expenses were S14,l5l.T72
Drer at s185,008, $50.
Reilly on MetrOpoIitan Roard
At meeting of the board of directors
OF the National Metropolitan Bank yes
terday, Hugh Reilly, jr, was elected to
the board to fill the vacancy caused by
the recent death of his father. Hugh
Reilly, sr., was one of the city's leading
paint dealers for many years, being To-
Gated on New York avenue, and was one
OF the oldest members in point Of service
on the Metropolitan directorate The
son is wideawake young business man
whom the bank Is glad to have take a
seat with the other financierg on the
board
Woman on Executive Council.
Miss Mary j. Pearce, Columbia Ma
tional Bank, has the distinction of be-
ing the first woman to serve on the
executive council of a section of the
District of Columbia Bankers Associa-
the safe deposit section at the annual
meeting yesterday and other members
are Frederick H. Cox, Commercial Ma
tional Bank, chairman; Joseph D.
Yerkes, Federal American National
Bank, vice chairman; Hans w. Ireland,
American Security g. Trust Co. secre-
tary. and Earl D. Amick, Riggs National
Bank.
The flduciaries section of the asso-
citation named the following members
of its executive council, who will elect
cf1cers later: T. Stanley Holland,
American Security a. Trust Co.; Ken
Meth p. Brooks, Riggs National Bank;
Maj. Erskine Gordon, Federal-American
National Bank; Barnum L. Cotton,
District National Bank, and Leonard
Marbury, Washington Loan & Trust Co.
Corporation Loses President.
Maj. Gen. Kenzie w. Walker, chair
man Of the board, Standard Collateral
Shares Corporation, with its main Office
in washington, announces the death Of
Robert o. Deyer, president of the COR
poration, in New York City the 25th in
slant. Due to the i'll health of Mr..
Deyer over a protracted period Of time
prior to his death, he has not been
actively participating in the affairs OF
the corporation.
The directors of the Second National
Bank have declared the regular semi
annual dividend of 3 per cent and an
extra dividend Of ia per cent as has
been customary for some time. Both
disbursements are payable July l to
stockholders Of record June %.
The Pennsylvania Railroad has de-
ciared the regular quarterly dividend of
81 per share. payable August 80 to
stock Of record August l.
The American Ice Co. has voted reg
ular quarterly dividends of rs cents a
share on common and $50 on pre-
ferred, both payable July rs to stock
Of record July 7.
TOdays Trading on Exchange.
Trading on the Washington Stock Ex-
change opened today with small lots of
Capital Traction selling ex-dividend at
68i2, another new low.
Liberty National moved at 200, Sand
,& Gravel preferred at 9oA ex-dlvideno,
Ianston at 1l5 and Mergenthaler at 81
and 97l4 ex-dividend
Peoples Drug came out at l03, Ma
tienal Mortgage & Investment preferred
ex-dividend at 5. while 1880 shares OF
Real Estate Mortgage & Guaranty pre-
ferred changed hands at 65s ex-dlVl-
dend
Chesapeake 81 Potomac Telephone of
Virginia SIS, Washington Gas Light and
washington Railway & Electric bonds
were in fair demand.
Heard in Financial District
Edward J. Stellwagen, president OF
the Union Trust Co, leaves here tomor-
row to pass two months vacation at
the famous Poland Spring House in
Maine. Mr.. Stellwagen has been reg
ular summer guest there for many
= John B. Larner, president of the
washington Loan & Trust Co, left mere
Yesterday for a short vacation at MS
|, Summer home at MinintoWn, Pa.
where he will remain until after July 4
c. H. Pope, vice president OF the
Eunsev Trust Co, second vice president
of the District Bankers Association ano
a director in the Washington Gas Light
Co leaves here tomorrow to pass his
vacation in Goshen, N. Y.
The American Ice Co. reports May
nrofit of S6O3 .68S, after interest but be-
fore depreciation and taxes, record high
month, comparing with 1921 1858 in May
1929, best previous May; for five months
81 O54. .o72. against 81 ,20l, ,l29.
EMPLOYEES of the Pennsylvania Rail
road have heavily oversubscribed thu
allotment of $4,000 shares Of stool
which they were given the opportunit!
to purchase this Spring, at par, by ac
tioy1 Of the directors and stockholders.