Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-18
CAPITAL TRACTION
HAS REVENUE GAIN
Net for July and for First
Seven Months OF 1891
Tops 1880 Receipts.

Despite the severe competition Of tax
icabs and decrease in passengers, the
Capital Traction Co. showed a substan-
tial gain In net income for both the
month Of July this year, &C compared
to last July, and for the first seven
months of this year, as compared TO
the same period in 1890.
The operating statement of the COM
pany shows net income increased in
July by $4.503.0I. from s4,93560 in
complished by economies in operating
expenses which decreased in July by
S4,920.5e. from $25l, S25.88 in July,
1890, to S246,e05.29 in July, 1881.
Passenger Decrease.
Revenue passengers and total passen-
gers both showed a decrease, however.
during both July and for the seven
months The falling of was from
4,0ll,5S4 in July, 1880, to 1858, $50 in
July, 1881, for revenue passengers, and
from 5,539,745 to 4,975,634 for total
passengers q net reduction of total pas
sengers OF 564,i1I.
Operating revenues for the month of
July showed an increase Of $299 81 from
S306.52706 in July, 1880. to $780,
S26.90 in July, 1881. The gross income
for July showed an increase from
sS6, 68e.73 to $40,s4s.s1
Figures for the seven months of this
year as compared to seven months of
last year show decrease Of 5,241 $50
passengers, but an increase in the net
income OF $9,4l0l7, from $274,026sS to
S2S3, 437.05.
Operating revenues for the seven
months showed decrease of $40
$3.50, dropping from $2,43l ,7069S to
Sz,3Sl ,l2l.56, while operating expenses
dropped by s54,210.53 from 81, I'll 1913 10
in the 1880 period to $1.7l7,663.l7.
American lee Co.
The American Ice Co., which Is rep
resented in this city, reports that its
tonnage sold during July throughout
the country increased over the figures
OF July year ago, and net earnings for
the month, after interest, but before
Federal taxes and depreciation, were
Sl,163, 600, an increase of $4,000 over
Si,135, 900 earned in July, 1880.
This was the best showing made by
the company for any month in its his
August, 1928, when earnings amounted
70 41,155,000.
Price Index Gains.
For the first time In several weeks
the wholesale price index of the Ma
tional Fertilizer Association advanced
during the latest week. The computa-
ton for the week ended August is
showed that the general index number
advanced 2 fractional points. During
the preceding week the index number
showed loss Of fractional points and
three weeks ago the index number de-
clined fractional points. The latest
index number Is SIT; O week ago II
was SIS, while q month ago 1t was
61.9. Last year at this time the index
number stood ct e6.3. The index num-
Der 100 represents the average for the
three years I92e-1928.
Returning from a two months trip
In Europe, Hubert T. Parson. president
Of r. w. woolworth Co., stated that he
found business conditions abroad show
ing much Improvement THE situation
II France Is especially promising" he
said. AL the big merchandiserx being
q healthy business. Banking interests
ir. Paris feel the turn for the better has
come In England our executive and
store managers report that business is
good.
sales of the English subsidiary, +.
W Woolworth & Co, Ltd, for the
seven months ended with July showed
az increase OF l2.3g per cent over the
similar period q year ago. For the I'VE
months up to the LIST Of June the gain
was 1923 per cent. In Germany, also,
We are making progress, the sales gain
ur to August / amounting to 80 per
cent over a year previous. Business
there was up 2e.5 per cent in July, not
withstandinR the unsettled state OF
business in that country during the
month"
Trading on d. c. Exchange.
Utilities provided almost the entire
moderate trading today on the WASH
fngton Stock Exchange, with prices
nuctuating slightly IN both directions.
Potomac Electric Construction IS were
up / point TO 1854 Washington Rail-
way A. Electric Is we're fraction up at
e3I2, while the stock of the same cem-
pany sold slightly of, beginning at 99h4
and dropping 70 90 Capital Traction
stock YVES l point down from the last
sale, selling at 81. Potomac Electric 8
per cent preferred was a fraction higher
at li3 District National Securities
preferred sold at the same IS prior
sale, So.
Washington clearing house figures for
to-day: sS.5ss, 0oI.oT.