Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-29

621.95, an advance
Of $44,27l29 over April, 1929. Gross
corporate revenues after the usual de-
auctions amounted to $454,63S.4S
against $402, 044.O6 q year ago, or an
increase of 52,5s4.42.
For the first four months of the
present year operating revenues reach
ed the sum Of $3,60l, 1926, against
$3,3S8. 075.9o, an increase so far this
year OF S213, 357.06. Revenue deductions
required $l,743,28225, compared with
1881 ,281 go, saving of $50 .000.35.
Net operating revenues were $685.
1901, compared with 81 ,696, 794. Gross
corporate revenues from all sources to-
tailed 81 ,e33. SS5.l5 against 81, 749 ,63s. IS,
an increase Of $l88,246.32.
After all the usual deductions the
power company reported net income
for the four-month period of 81 1885,
125.12, against 81. AL ,010.35 q year ago,
or an increase in net profits Of $2l7,-
HAT.
w. n. q 4. Earnings Lower.
The washington Railway g. Electric
Co. reported April earnings to the
Public Utilities Commission today, the
statement revealing q drop in income
for the month. Total operating rev.
enues amounted to SAT-, 4l4.67, against
the sum of $500, 070.O9 in April. 1929.
Operating expenses and taxes amount
ed to 1891, 319.65, compared with the
leaving a total operating income Of
se1, 094.s2 In comparison with $102,-
e07.4O.
After all the other usual deductions
the railway company reported net in
come for the month of $54 ,992.74,
against $50. 1869 in April 1929, de-
crease Of $5,15395.
Tn tina for fhn frat fnl1Y
months of the present year, the state
ment showed an operating income Of
el,86o, 824.40, against $1,964,239.98 q
year ago. Operating expenses and taxes
totalled $1,528, 70757, in comparison
with 1909 5000
This left a gross operating income Of
$341, 1918, compared with 1854. TAT .04
in the same period in 1929, while de-
auctions from gross required 1921, 1885,
08. against 1851, 1928 a year ago. The
railway company then reported a net
income of $558, 665.05, compared with
SS12. $685. go in the same four months
last year.
Capital Traction Also Reports.
The Capital Traction Co. has also
filed its report for April with the Utili-
showed a net income Of $57,675.63, in
comparison with $68,451.32 q year ago,
or decrease in net of $l0,775.59.
For the first four months of 1880 the
Capital Traction Co. reported q net
income amounting to s174.221.64, COM
pared with sale. 386.2S in 1929. or
decrease in earnings Of $40 ,164.55.
The reports of both street car lines
IN April reveal falling of in passenger
traffic. While the slump in street car
fares il often ascribed to the great
increase In privately owned automo-
biles, the street car companies are now
facing the new competition Of the IS
cent cab.
Just how severe this competition Is
has not been determined as it is largely
guesswork. However, some of the ON
Gals consider it quite an important
factor. They believe that good many
patrons, who have never used the
higher-priced cabs, have been trying
out the S5-cent class.
Rapid Transit Report for April.
The April statement Of operations Of
The Washington Rapid Transit Co., filed
yesterday with the Public Utilities Com
mission, shows Q balance of S4,318.91
for the month, as compared with one
Of $4,2e3.1S for the month last year.
The cumulative total for the first four
months revealed . deficit Of $4.738.07,
against Q balance Of $7,2l4.67 for the
period in 1929.
Frank J. r. Thiel, resident partner Of
NJ j. Meehan 81 Co., members of the
New York Stock Exchange, announced
yesterday that all employees had been
given three weeks extra salary In COM
nnemoration Of the tenth anniversary Of
the election Of the head Of the organ
tSation, NJ J. Meehan, to membership
In the New York Stock Exchange, May
a, 1920.
Spaid's Committee Ends Work.
W. W. Spaid, chairman of the enter
tainment committee for the District
bankers convention, held the last meet
ing with his committee yesterday after
noon at headquarters. It was the final
meeting before the bankers 60 to Ashe-
vile. The amusement experts have
maintained secrecy as to the program
70 be presented other than to state that
some of the best talent in the South
has been secured.
Chairman Claude H. woodward has
been swamped with late requests for
transportation and accommodations
Luther E. Schreiner, chairman of the
hotel committee, announced today that
up to last night hotel accommodations
had been made for 273 people. This
Is by far the largest number who have
attended any of the IL conventions
It means that there will be nearly 300
in the party when the two special Pull
man trains start for Asheville.
Heavy Trading in Mergenthaler.
Trading was heavy in Mergenthalel
Linotype on the Washington Stock Elk
change today, there being Is different
small lot transactions involving 16C
shares. The stock opened at 101H
dropped to l0lh advanced to 1olA
and closed at 1919.
Forty shares of Capital Traction sole
at 65, Potomoc Electric Power 5iz pei
cent preferred moved at 107ia ex
dividend, District National Securities
preferred sold at "a and Federal-Ameri
can Co. common at 81. Ten shares o
Lanston came out at 125.
Fifty shares Of Carpet Corporation
sold at 26k. and 400 of National Mort
gage 81 Investment preferred at "A
Railway 81 Electric preferred moved a
93l2.
Bond trading was confined to CAPT
tai Traction S. and Railway & Elec
trio As at recent level. In the unlisted
department the bid price on Washington
Base Ball stock was raised from SIS +
go. with rs still asked.
Chevy Chase Dairy preferred ant
Lanston Monotype have been added Il
the list Of stocks soon to pay regula
dividends. The exchange will be closes
tomorrow and Saturday.
Extensive Program Planned.
More than 80 phases of practical ban
operation will be taken up for detaile'
discussion in eight series Of departments
conferences at the twenty-eighth annua
convention Of the American Institute o
Banking Section of the American Bank
ers Association, which will be held Il
Denver, Colo. June Is to 20, which
70 be attended by good size delega
IAN from this citv