Evening star., 1932-04-15

March, 1881, de-
crease of SPA S
1916. @ "a ,
The difference ~
was mainly in Op-
Grating revenues,
which were $780, H. H. Mckee.
86O4O compared
with S344, 1871 in March a year ago,
a decrease Of SAB, ,331 81. Operating eX-
penses were reduced. being S230,7l9l2,
in comparison with S24376869 IN
March OF last year a decrease Of $l3,-
o49.57. Operating income was SAB
22420, against S73.22968, falling OIL
OF S25,005 48.
Incorporating income was practic-
ally the same as last year and interest
on bonded debt and other deductions
were tie same as 4 -ear ago. TIC
idrop in total business meant saving
in taxes cf over $4,000, al the de4uc-
tions leaving the above mentioned net
decline of over $4,000. Revenue pas
sengers carried during March totaled
3.54I,6 ,685. against i,lOl,6TT IN Marcn,
1881, a drop OF 559992.
The March figures also make the
quarterly report available. For the
three months operating revenues are
of S146,725.89 In the same period
operating expenses were pared down
SAL, ,556.63 and the amount paid for
taxes has been reduced more than S2l,-
600, leaving a net operating income
which is about $4,000 lower than a
year ago. Total net income for the
first quarter tctaled S28,74783, against
$112,074.32 last year, decrease of
83,32649. Revenue passengers totaled
10.421 $50 against 11,940,6l2, or a de-
cline Of 1,518,662.
Bankers at Richmond Meeting.
H. H. Mckee. president of the Ma
tional Capital Bank, is presiding at the
annual meeting of the Stockholders
Association of the Federal Reserve Bank
of Richmond at the Virginia capital to-
day. Among other Washington bankers
at the meeting are George o. Vass and
John R. MCMILLAN, Riggs National;
Walter j. Harrison, Commercial Ma
tional: Joshua Evans, District National;
John Poole and Wilmer J. Waller, Fed
eral-American National Bank & Trust
Co.: Floyd E. Davis and James A. Soper,
Lincoln National, and Victor B. Deyber,
Second National. A number of others
also expected to attend.
Phone Dividend Paid Today.
More than 665, 600 stockholders of the
American Telephone & Telegraph Co.
were paid the regular quarterly divi-
dend of S2.25 per share today. accord
ing to information received by John A.
Remon, general manager of the Chesa-
peake & Potomac Telephone Co.
This is the largest number of stock
holders to receive dividend payments,
according to Mr.. Remon. About 25, 900
stockholders were added to those pre-
viously holding this stock during the
first quarter Of the year This is the
third highest increase in the number
Of stockholders in the history of the
company. Mr. Remon states. As, re-
suit of this large gain the average num-
Der Of shares held per stockholder de-
clined to %.
With the dividend checks President
Walter s. Clifford sent out the quar-
terly report showing net income per
share during the first quarter amount
ing to So OF, against $3.50 in the sim
liar period year ego.
Building Association Elects.
At the fourteenth annual meeting Of
the Enterprise Serial Building Associa-
ton, just held, James E. Connolly was
elected president, John r. Crowley vice
president, James F Shea secretary and
G. Percy McGlue, treasurer. These di-
rectors were also elected: George l.
LoOABI1s Ii. OdlilCo SdIll4ls jI.Y MAJ I'LL
A. Cook, Bernard r. Edwards, Maurice
Fitzgerald, P. F. Hannah, Ralph A.
Judd, NJ A. Keane, M j.. Keane, Ed
ward T Kekoe, Frederick Kraus and
P. T. INLAND
The secretary read the report for the
past year which showed that the aSso-
ciation now has assets of Sl,344825.10,
representing an increase of S23, ,52l "a
over last year.
This association was organized March
9, 1892, and the first meeting was held
on April l3, 1892. OF these officers and
directors, James F. Shea, the secretary,
and M. j. Keane, director, still Off
ciate in their original positions Among
the other IA officers and directors, five
have served over, 25 years and six have
been connected with the association
over Is years. The association has
never been compelled to take in any
property, has never sustained a loss,
and has never paid less than 5 per
cent dividend.
TCdays Trading on Exchange.
The Washington Stock Exchange
opened today with 81 600 Washington
Gas 6s. series B, selling at 102. Wash
ington Gas Light IS also appeared On
the board, 81 600 changing hands at
100 and $500, moving at l00ls.
Potomac Electric Power 6 per cent
preferred appeared on the board at l10
for a small lot. Norfolk & Washington
Steamboat Co. came out at 1876 on
turnover Of nine shares.
The closing sale was a 10-share lot
of A4ergenthaler Linotype, which changed
hands at. SO y. q new low mark in this
ISSUE, which holds the confidence Of so
many local investors.
Goodbody s. Co., members Of the
New York Stock Exchange, have an
nounceo the resignation Of AcElroy
Moss as manager CT their Washington
Office. 4. McC1ok Dunlap VINO he's
been assistant manager here for some
time viii remain il charge as acting
manager.
Washington Chapt r American In
stitute Of Banking VIII hold meeting
tonight for the nominations Of dele
gates to attend the Los Angeles con-
vention. About % Will be named TO
ne eIor%aI 81