Evening star., 1930-12-11
CAPITAL TRACTION
! REVENUES SLUMP
November Net More Than
SIS, 900 Under Year Ago-Po-
tomac Bank Elects Officers.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Total net revenue of the Capital
Traction Co. in November amounted to
s42,65935, compared with $47,952.84
in November. 1929. decrease of S5,-
293.49, according to the monthly re-
port just submitted to the board Of
directors.
Operating revenues for the month
totaled $346,054.41, against 1855,
year ago, a decrease of $9,597.05.
Operating expenses and taxes required
$2T3 3.481 So, in comparison with $277,-
T76.66, a decrease of S429514.
Operating income amounted to $72,-
572.89. against S77,874.80 a year ago.
a difference of S5,301.91. Gross income
also showed a falling of about $4,000,
while the usual deductions were prac-
tically the same as in November, 1929.
leaving the above mentioned reduction
in net income.
Revenue passengers during the month
totaled 4032. .297 against 4,7l5,138 in
November, 1929, drop of 682,S4l. Ihe
slump in passenger traffic was partly
due to the fact that there were five
Sundays in the month, the extra sun
day making a severe dent in the num-
ber of passengers carried In the old
days Sundays were big days on the
local street car lines, but in recent
years Sunday business has been much
less active.
fractions II-Month Earnings.
Earnings for the first IL months OF
the year show total operating revenues
of S3.794.63537, against $3,919,6l7.24,
a decrease of S125,181.87. Operating
expenses were S2,763, ,534,42, against
S2,S07, ,951.2 these expenses being re-
duced s44,416.81 during the year.
Total operating income stood at S730,-
1888. against S808, 1884 in the same
month last year. decrease OF $751;
e77.oI. After all deductions for the
IL months Capital Traction reported
net income of $42l ,687.S7, against
S494. .734.26 a year ago, a falling OIL
of S73,046.39.
Revenue passengers SO far this year
have totaled 47,702.l .l49, in comparison
with 81 ,988028 in the same period IN
1929, a decrease of 4,235.879.
Potomac Bank Elects Officers.
The annual stockholders meeting of
the Potomac Savings Bank was held IN
Alexandria, Va. Tuesday, all the OLD
directors being reelected ana joseph
M. Wise added to the board. Mr.. Wise
is one of Georgetown's younger realtors.
Until three years ago he was active IN
the MANAGEMENT of Wise Brothers
Dairy. but retired from that business to
engage in real estate.
The annual directors meeing was held
yesterday, at which all the officers were
reelected, an excellent years business
reported, and the regular semi-annual
dividend of per cent declared, payable
on December 81. The present officers
and directors include:
Officers-Henry w. Offutt, president;
Alphonse M. Baer, vice president; B
Agee Bowles, vice president: c. Wendell
Shoemaker. cashier; Emory H. Bogley,
secretary: Elmore T. Burdette, assistant
cashier; George w. Offutt, attorney.
DirectorS-William P. Ames, William
W. Anderson, Alphonse M Baer, Emory
H. Bogley, B. Agee Bowles, William H.
Clarke, Davenport B. Elgin, Harry K.
Hobart, James G. Hoyle, Dr. Malcolm
w. Morgan, George w. Offutt. M Will
son OfTutt Henry w Offutt, c. Wendell
Shoemaker. j. william Stohlman, Henry
A. Storm, j. Clinton Tribby and Joseph
NJ. Wise
Thorpe on Traction Board.
Merle Thorpe. editor of Nations
Business, was chosen today by the
Board of Directors of the Capital Trac-
tion Co., as director to fill the vacancy
on the board caused by the recent death
Of John S. Larcombe.
Mr.. Thorpe has been identified for
many years with Washington institu-
tions. He is director of the National
Metropolitan Bank, the Chesapeake &,
Potomac Telephone Co.. the National
Publishers Association, the Emergency
Hospital and the Bank OF, Bethesda. He
IS vice president of the Bethesda Cham
Der OF Commerce and has been promi-
nently connected with the work of the
Washington Community Chest. He is
also contributing editor Of Golfers
Weekly.
Dividend and Bonus Voted.
The directors of the United States
Savings Bank late yesterday declared the
regular quarterly dividend Of 7lz per cent
payable December 81 to stockholders of
record December 20. The board also
voted the usual Christmas bonus for
all employees of the bank.
Directors Of the Prudential Building
ASSOCIATION, 1881 q street northwest
nave declared a dividend at the rate OF
per cent per annum, payable January
Ion all passbook payments of record
on December 5. This association was
formed IN the Spring of 1929 and re-
ports flne progress, at present having
over 700 members
Directors of the Anacostia Bank yes
terday declared the regular S per cent
dividend due at this time It is paw
able December 81 to stockholders of
record December 26
Business was quiet on the Washing
ton STOCK Exchange today, bonds draw
ing the most attention
Metropolitan Votes Extra.
Directors Of the National Metropoli-
tan Bank, at a meeting late yesterday.
declared an extra dividend of Q per
cent. Il IS payable January /. The
books will be closed from December %
to December 81, both dates Inclusive
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