Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22
c. &R. SHOWS GAINS
IN JULY REVENUE
Substantial Increase in Re-
:. turns Is Revealed for
e First Seven Months.

Substantial gains in operating rev.
enues and net income are shown by the
Chesapeake 81 Potomac Telephone Co.
for the month of July and for the first
seven months OF this year, as compared
TO the similar periods last year, accord
ing to its report of operations just filed
with the Public Utilities Commission of
the District.
Operating revenues gained from $6s7,-
O03 in July, 1880, to STAT 53 in July,
1881, and from $5,O36. $50 for the seven
months of 1880 TO $5,s57,5ss for the
seven months of this year.
Total operating income after deduct
ing taxes and uncollectible for the first
seven months of this year amounted to
$l,324 ,065, as compared with 1914, 1923
for a similar period in 1880.
Balance Net Income.
Balance net income in July was $685.
$50. Balance net income for the seven
months ending July 81 amounted to
$l,058,55 as compared with $720,52O
for the first seven months of last year.
Taxes in July were $57,113 as COM
pared with $42,979 for the same month
last year. Taxes for the first seven
months of this year amounted to 1891,
05T, which was an increase of $6l 1853
over a similar period in 1890.
Capital expenditures for new plant
and equipment added to the company's
system In the District of Columbia for
the seven months ending July 81
amounted to 81 ,222, 1893. Gross retire
making net additions $459.2 41. Net
additions to plant for the IL months
ending July 81 were $856,67S.
New Telephones.
There were I72,7 1852 telephones served
from Washington switchboards at the
close of business, July 81. 4,282 having
been added to the system since jan
uary ]. Telephone users made 1885,
900 calls during the month, which was
an increase Of 104 per cent over those
made in July of last year.
Insurance Sales Drop.
Life insurance sales in this city
dropped per cent in July this year, as
compared to July, 1890, according to
the monthly survey of the Life InSur-
ance Sales Research Bureau of Hart
ford, Conn. Sales here totaled $5,617,-
900 last month. Thirty-seven per cent
Of the companies active here reported
&aA&Ac AOA tAAC 4AAO1AsA4s
Retail Trade Activity.
Some activity continues in retail
trade" according to the weekly review
of business by r. @. Dunn g. Co.
Gains in distributive totals are re-
ported particularly in the Southwest
and on the Pacific Coast, with the New
England States, generally. maintaining
the good volume that has been recorded
during the past few weeks. While dol
lar volume Is below that Of year ago,
due to the lower selling prices Of mer-
chandise. the present physical volume
OF sales is slightly IN excess Of the total
during the Summer of 1880. In lead
ing wholesale lines considerable re-
straint was stiIl felt by the price TN
certainty.
Buyers hesitate to place commitments
on cotton goods until the future of raw
cotton Is more definitely determined
in the markets for hides and leather,
although fundamental conditions In
those markets are quite different from
the situation existing in cotton Mer-
chants are not yet clear concerning the
purchasing power in the agricultural
and industrial districts for Fail Trans
actions reported now in most lines con-
sists mainly Of orders In moderate vol
urne and for prompt shipment There
is continued hope that meager tnven-
tories viii hasten buying for Fall sup
plies. Mil agents handling cotton goods
have deferred pricing their Fall lines
and the belief is general that very low
cost cotton viii prove a stimulating in
fiuence when Pail trade opens. Produc-
ton In the wool goods division continues
up 10 the relatively high ratio recently
reported, with dress goods doing better
than a year ago.
Washington clearing house figures
Tor today, So, 387, 272.84.