Evening star., 1932-08-27
RAIL WAY COMPANY
|. DEFICIT REPORTED
w. R. & E. Reveals Revenue
Drop of S5,O39 for Month
of July.

Washington Railway & Electric Co.
shows a deficit of S5,039.50 for the
month of July, according to its report
to the Public Utility Commission, as
compared to a net income of $33,472.36
for July last year.
Operating revenues fell of from
1889, ,501.31 for July 1881 to 1921 1,Ol4.5l
for this July, while operating expenses
and taxes dropped during the same
period from $326,0 to $295, ,464.92.
Net income for the first seven
months dropped from $l.1l5,556.96 in
1881 to 1859, ,357.48 in 1882, the report
shows, while operating revenue fell OF
during the same period from $2,867,-
47680 to $2,433, 3,857.15.
Power Company Report.
Potomac Electric Power Co. reported
to the commission a decrease in net
income from $685., ,143 10 in July 1881 to
S334.369.09 July this year, drop OF
S774Ol. Operating revenue fell off by
S2,63S.96 to S872, ,374.07 in July this
year.
Net income decreased by $12.675.17
for the first seven months of this year
to s2,647, 1853 go, while operating reve-
nue. gained from S6,252 ,637,67 for the
seven months of 1881 to $6,449, ,727.57
for the first seven months OF this year:
Optimism for the future is reflected
in the weekly review of business by
r. G. Dun & Co. out today. with
the vacation period ending and the
Summer season drawing to a close,
the review says. "the beginning of the
last few months of the year is ex-
pected to give further impetus to the
momentum of trade improvement.
Many helpful adjustments already have
been accomplished, and aside from the
seasonal upturn the better sentiment
of recent weeks should prove construc-
tive in making the gains already under
way more uniform and substantial.
The betterment now has assumed
Nation-wid trend, with no particular
area predominating in the revival, ex-
cept that few districts In the East
are tagging somewhat behind the gen.
era1 quickened stride.
The first furry of buying for the
Fall season has drawn largely on re-
tailers' stocks of yard goods for girls
school dresses, shoes, coats, millinery
and other apparel accessories con-
tinues the review The new show
ings of mems and womens apparel
attracted attention, being helped by
the comparatively cooler weather in
some cities. There has been grad
ual increase this month in the sale
of dry goods, each week showing an
improvement over the record Of the
week preceding There is better de-
mand for footwear, and, with leather
quotations continuing upward, higher
shoe prices are in prospect. Well ad-
vertised sales of late Summer mer-
chandise. including furniture, are add
ing further to the current volume. Re
hoon
ful in reducing stocks of Summer goods,
so that the carry-over will be smaller
than usual. The shift to better grades
of merchandise is becoming more pro-
nounced and some retailers are of the
opinion that this will be the first sea-
son in nearly three years to offer, with
any degree of success, wearing apparel
combining quality and unusual style
appeal. Shoppers who have been out
of the market almost entirely during
this period now are returning and snow
a willingness to pay the increased price
for goods that meet their require
ments."
B. g. o. Report.
The Baltimore g. Ohio Railroad Co.
reported today a decrease in net rail-
way operating income from S2.871 ,064
for July, 1881, to 81 Sal ,586 for July,
1882, a drop of ST ,229,478.
Net income also dropped from SIS
253, $50 for the first seven months of
1881 to S10,683,758 for the first seven
months Of 1882, falling of of S4,574,-
992
which was closed some time ago, is now
receiving proof Of claims from deposi-
tors, it was announced by John S.
Bryan, receiver. Notice went out to de-
positors dated August 25, from which
time the depositors have three months
to file their claims. The bank has
been receiving payments on notes ever
since it was closed.
Encouraging Signs.
Reviewing the general business situ-
alton from the standpoint OF both the
favorable and unfavorable viewpoints,
the Standard Statistics Co. Of New
York lists first the following tangible
signs of an encouraging nature:
Much improved banking conditions;
slackening of decline as measured by
volume of business; sustained higher
levels of commodity prices; enhanced
farmer buying power; genuine optimism
in securities markets; persistent strength
in the bond market; some improve
ment in employment in certain indus
tries and localities; more favorable out
look in Europe; reversal Of the outward
gold movement.
On the adverse side there may be
cited: A huge total Of unemployment
which may be leSSened slightly but not
eliminated in the near future; adjust
ments yet to be made because of a top
heavy debt structure which may neces-
state some further reorganiZations, re-
ceiverships and the wiping out of equi-
ties: lack of prospects for any consider.
able pickup of foreign trade; burden
some taxes which threaten to grow
rather than shrink: lack of general con.
sumer buying power.