Evening star., 1932-03-11

3212l.
Capital Traction.
however. earned -
more in February Il A
than in January, aS----------A>A4a7@
the reason for this James A. Soper
being largely due
to the influx of teachers in connection
with the Winter meeting of the Ma
tional Education Association. Other
visitors who came to the city around
Washmgtons birthday. also added to
the street car company'S revenues. In
connection with the comparisons in
earnings, it should be borne in mind
that the low-rate taxi fares had not
gone into effect in February, 1881.
Months Earnings in Detail.
The difference in net earning is
largely due to the falling off in oper-
ating revenues. Operating costs during
the month were reduced Net operat-
ing revenues tota1led S275, ,210.52, against
S31281513 III the like month a year
ago. a decrease of S37,60461.
Operating expenses called for $220,-
$780, in comparison with 1929, 785 .64
in February 1881. Taxes were also
lower by S3,06875, leaving an operat-
ing income of S35, ,464 90 against $780,
1899 a year ago, a decrease of over
tfN~S
lower, which of course made further
dent in gross.
Interest on the bonded debt and
other reductions called for S30,352.02,
which was practically the same as a
year ago in February. Revenue pas
sengers carried during the month
totaled 3,367,349 compared with 3,701,-
789, a decrease of 334440.
Summary of Past Two Months.
The Capital Traction also reported
of 1882. Total operating revenues
reached the sum of s561 ,912.30, against
$3.50 .303.6 SO, an unfavorable difference
of S98,39438.
Operating expenses and taxes re-
quired 493,085.79, compared with s532.-
1886 in the first two months of 1881,
a decrease of S39,509.57. This left an
operating income of S68826.51, against
1927, ,71132, or a decline of S58,884.81.
Gross was of practically the same
amount.
Net for the two months totaled So
692.33, in comparison with S68,22717,
or a falling off of $50 8,634.84.
Revenue passengers carried on. the
Capital Traction during the two months
numbered 6,880,265, against 1888, ,935 a
year ago, drop on paying customers
Of e58,67O.
Soper Elected Building Director.
James A Soper, vice president and
cashier of the Lincoln National Bank.
has just been elected to the Board of
Directors of the Columbia Permanent
Building Association, with Offices at 733
Twelfth street northwest, to fill the I'M
expired term of Alpheus E. Riddle, de-
ceased.
Mr.. Soper has been connected with
the Lincoln Bank for the past l8 years
and has advanced rapidly in his con-
nection with the institution. He is past
president of the Washington Chapter,
American Institute of Banking and is
considered one of the outstanding
young bankers of this city.
The following with Mr.. Soper consti-
tute the Board of Directors: Melvin
c. Hazen, Alfred H. Taylor, William P.
Richards, Howard r. Norton, Fred A.
Smith, L. Perry West and H. B. Leary.
The officers of the association are: Mel
win c. Hazen, president; William P.
Richards, vice president; Floyd E. Da-
vls, treasurer; Fred A. Smith, secre-
tary, and c. Clinton James, attorney.
New Issues Oversubscribed.
Secretary Mills today announced the
cuOoNlAPlIOIl 1ISuIeS anu II1G Oh
allotment for the March Is Offering of
Treasury certificates of Indebtedness in
two series, both dated and bearing in
terest from March Is, 1892: one series,
TO-l932, 31s per cent, maturing Oc-
tober Is, 1882, and the other series,
TM-1933, 334 per cent, maturing March
Is. 1888
The aggregate amount of subscrip-
tons received for the two series was
S3,402, ,725 500, of which s952,6l9, 500
was received for the 3ls per cent, Z
month certificates of series TO-I932,
and 81, 2,450 100000 was received for the
334 per cent 12-month certificates OF
series TM-1933.
Reports received from the Federal re-
serve banks show that for the offering
of 3ls per cent certificates of indebted
mes Of series TO-1932, maturing OctO-
Der Is, 1892 which was for $500 600, 900,
or thereabouts. total subscriptions ag-
gregate 1852 619.5 500. OF these subscrip-
tions $82, ,593, 500 represent exchange
subscriptions in payment for which
Treasury certificates of Indebtedness
maturing March IS, 1882, were tender
ed. Such exchange subscriptions were
allotted in full.
A. & p. February Sales Off.
Great Atlantic and Pacific Tea Co,
sales LOT LN6 IOuT weeks enQeQ feDTu-
airy 27 totaled S69, 9,860.876 compared
with s8244l,l42 in the same period
of 1881. decrease Of 1872 per cent.
Tonnage sales for the period showed a
decrease Of 6.l per cent.
Stock Of the American Telephone
& Telegraph Co. valued at more than
$50 100000, is owned by more than
10000 Washington investors, John c.
Koons, vice president Of the Chesa-
peake g. Potomac Telephone Co, told
the Cosmopolitan Clubs weekly meet
ing yesterday.
Trading was confined TO bonds on
the Washington Stock Exchange today.
The market opened with three $1,000
sales in Washington Railway & Elec-
trio IS. at "a. Another sale was in
Washington Gas IS, $500 selling at
101.
Washington bankers today reported
an improved demand for the Treasury
baby bonds in connection with the
campaign TO get money back into use
ful circulation. Each day has shown
slight increase in demand for the
bonds over the previous day. More
interest is also being displayed in other
investments which return larger yields
The limited number Of income tax
experts in the local banks are being
rushed with work as March Is ap-
proaches. This service has come to
be greatly appreciated by bank patrons