Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-28

John L, Newbold, IT., president; VIII
liam J. Eynon, chairman OF the BOARD,
Ben L. Prince, first vice president; Z.
B. Buck, second vice president ana sec
rotary; David P. Srith. third s,, VICE
president; F. G. MasAloon, treasurer,
and L. B. Doggett, assistant secretary.
The present board of directors in
cludes G.. Thomas Dunlop, w. J, Eynon,
William r. Ham, Fleming NeWooio,
John L. Newbold, IT,: Ben l.. Prince.
David p. Smith, Leon Tobriner, Donald
woodward and c. B. Buck.
Mr.. Newbold, the newly elected presl-
dent, has been treasurer OF the COM
many for the past two years and Is
thoroughly familiar with the business.
Mr.. Newbold said today that earnings
of the company during the first quar-
Ger Of 1881 showed o satisfactory IN
crease over the same period In 1881.
The Merchants Transfer & Storage
Co. Is O $4,000, 900 organization, which
makes it rank as one OF the most im-
portant corporations in Wasnin n.ncS.
Both the preferred and common STOCKS
have been listed on the Washington
Stock Exchange for several years.
C. q r. Earnings Increase.
Telephone operating revenues OF the
Chesapeake 81 Potomac Telephone Co.
in March amounted to $766,e5l, the re-
port of operations just filed with the
Public Utilities Commission Of the Dis
trict of Columbia shows. Total operat-
ing income after deducting taxes ana
uncoIlectible was $3.50, 722 against $142,-
s52 In March, 1890.
Telephone operating revenues for the
three months ending March 5!
amounted TO $2,264,5l0, as compared
with S2,l2e,572 for the same period last
year. Total operating income after de-
Quoting taxes and uncollectible Tor the
frst three months Of this year amounted
To Ss20. All. as compared with $402 229
for similar period in 1890.
Balance net income for the three
months ending March 81 amounted 70
e4io. COS, as compared with $3ll,SOl
for the same period last year.
Taxes during March amounted 70
$50, 1887, which was an increase OF $9,5oS'
over the same month last year: TaxeS
amounted to $163, 500, which was an
increase Of SIS ,O06 over the same period
CAPITAL expenditures for new plant
and euuipment added to the companys
svsten in the District Of Columbia Tor
the three months ending March 81
amounted to S520.2l3. Gross retire
ments during this period were $277,34O,
making net additions $2S! .SI3. $1,000
washington was served by l7O,929
Telephones on March 81, 2,449 having
been added to the system since jan
uary ].
Phone Extension Planned.
Underground cable extensions to pro-
vide additional facilities In the Wesley
Heights. Spring Valley and Potomac
Hei9hts area Of the Cleveland central
once were included in an appropriation
authorized by the board Of directors OF
the Chesapeake & Potomac Telephone
Co. ut Its regular monthly meeting nelo
here today, which brings the Total
amount authorized for similar prolectS
year to $l,749,34e.
Trading on d. c. Exchange.
Bond trading was confined to Wash
inRton Gas IS Series A, Potomac Elec-
tric Power Consolidated IS and Poto-
mac Electric Power IS on the local
stock exchange today, recent price lev
els being maintained
District National Bank stock came out
ut 203, National Metropolitan sold at
$40 and Franklin National changed
hands at i2S.
Merchants Transfer Il Storage pre-
ferred changed hands at 95 and % IN
1o-share lots, 20 shares OF Mergen-
thaler Linotype sold at 30 and Potomac
Electric Power 51a per cent preferred
moved 1T 1oe34.
Capital Traction held its recent gain
IN very light trading, 10 shares selling
at 337s.
Cleaned in Financial District.
The Pennsylvania Railroad today re-
ported q net railway operating income
FOR March OF $3.8lB,56l. decrease OF
S3.4o3 ,240 over March. 1880.
The Norfolk g. Western reports March
net operating income as $22 .4s6, against
eS3 .OS3 in the same month year ago.
The Southern Railway reports March
net operating income as 1902 $40, COM
pared with 81 1894 ,346 in March, 1890.
North American net S4.35 on SILL
85A common in IL months TO March 81;