Evening star., 1932-03-01

tofI1dC 1elepIlOne 20 JANUARY IepOII
show a steady increase in earnings, net
income being s38590 ahead of the first
month of 1881. Some of the most in
teresting comparisons follow:
Jan. 1882. Jan. 1881.
Telephone operating rev -,, ,oo
Telephone operating ex-
penSeS ..,.....-......... o44'loZ 03O'UEl
Net telephone operating
revenues -SZol,foS sZol'<oo
Tssef TaeeiI.ct,bl. t,b... . s0S45s Stos ''ssfs ssfs
Total deductions from op-
Grating revenues Sb9,6Sl Soooll
Ssts, ePsTas!ns 5s2s
Total gross income ....... sls5,735 sl7s665
Total deductions from
gross income ........... 2O,7l2 37,232
Balance before dividend. s175,o23 s13s.43s
WASHINGTON was served by 180,217
telephones at the close of business jan
uary 81. a net gain for the month Of
s51 telephones. In January telephone
users in Washington made 19,575 500
calls, an increase of per cent over the
same month last year.
The net earnings for the month were
~ per cent on the average plant in
service. making the average return for
the last two years 81 per cent, the re-
port says.
Reductions and adjustments in
charges for telephone service will re-
sult in savings to subscribers of $101,-
$50 in 1882 a proportionate part OF
which is reflected in the January earn
inps. according to General Manager
John A. Remon.
The company's gross construction
program for the month amounted to
1929 ,632. The greater use of the tele-
phone in Washington required the serV-
ices of 3,1l8 employees in January, an
increase of 108 over the number re-
quired in the same period last year.
Bromo-S SeItzer Earnings Higher.
The report of EmerSon's Bromo-
Seltzer, Inc. (holding company for
wear ended December 81, 1881, shows
net income of s2,069,875 after expenses,
ordinary taxes, interest, etc, equivalent
after dividends on the per cent pre-
ferred stock, to $2.77 share on 675,-
Sal combined class A and class B stock.
This compares with $2,064, ,l6S or S2.75
a share on 677,890 combined class
and class B shares in 1880. The COM
pany had no Federal tax liability In
1881 as dividends received are non-tax-
able
Emersons Bromo-Seltzer "a stock
has been listed on the Washington
Stock Exchange for the past two or
three years. 1t pays 50 year dividend.
The last local sale was made at 80, the
present bid being % with 35 asked. The
annual report puts 1t in the limited
class of stocks which earned more last
year than they did in the previous
year.
McCrory Stores Net S991,S66.
The report of McCrory Stores Cor
poration and subsidiaries for year ended
1891 1856 after depreciation, interest,
etc, but before Federal taxes. There
was charged against surplus account
81 .3O4. 1923 provision for carrying ex-
penses to December 81, 1881, on lease
hold not occupied by stores, now trans
ferred from property accounts. In
previous year, company reported net
profit of $2,168,l74 after charges and
Federal taxes, equivalent after per
cent preferred dividends, to s4.08
share on 457 SOS combined common and
class B common shares.
American Stores Net for 1881.
The report of the American Stores
Co., which has more than 20 stores in
Washington, and subsidiaries. for the
year ended December 81, 1881. shows
net income Of s5,270,891 after deprecia-
tion and Federal taxes. equivalent to
s3.76 share on 1893, 500 no-par shares
outstanding at the end of the year This
compared with $5,930,149 or s4.o1 on
1,478.791 in 1880.
Treasury Issue Oversubscribed.
Secretary Mills announced today that
application for the 100000, 900 91-day
Treasury bills to be dated March q
totalled s292, 1884, 900. The highest bid
made was 99450 equivalent to an an
nual interest rate of about 2.1S per
cent. The lower bid accepted, Mr.. Mills
said, was 99.368.
Banks and trust companies through
out the country have been asked by
the Treasury not to subscribe for
amounts of anti-hoarding certificates
IN excess of anticipated sales to the
public, as the selling of these certifi-
Gates should not be treated as an in
tenSive drive on the part of the Gov
eminent to obtain funds. They are TO
be sold only to people who have hidden
their money away and do not dare to
put it into anything else.
d. c. Exchange Trading.
Washington Gas IS, series B, opened
March trading on the Washington Stock
Exchange today, ST. 900 bond selling at
1882.
Potomac Electric Power 512 per cent
preferred was strong, selling at 104,
while 10 shares of Washington Gas
Light stock changed hands at go.
Lanston Monotype appeared on the
board again today, small lot selling
at 63. The days trading ended with a
single share of Washington Railway g.
Electric preferred moving at e1
Mergenthaler Linotype has been added
to the list of stocks now being quoted
without the coming dividend.
Financial District Notes.
1t was announced yesterday that
room 1902 in the Internal Revenue
Building at Twelfth street and Consti-
tuition avenue northwest, has been as
signed by the United States Bureau of
Internal Revenue as an income tax unit
headquarters, offering free service to
the public in filling out income tax re-
turns
Loft, Inc, reports sales for January,
1882, of 1891 ,852.53, an increase of S72,-
605.70, or 8 per cent. The gain in
customers for January, 1882, was 133,-
527. or 5l2 per cent
New York City bank stocks recorded
little change during the past week, the
aggregate market value of Is leading
issues being s1,797 438, 600 as of Febru-
airy 81, against s1.819 598, 900 on Feb
ruary 20, a decline of IL per cent,
according to Holt. Rose & Troster