Evening star., 1932-11-22

725 go, while oper- -
attng expenses re- N
uuired S208228.58 Z e 81
against $235, ,231 .o5
In October, 1881. a = ''Is = : = =
reduction In oper- Karf W. Corby.
atins costs Of $27,-
OO2.47. The lower operating incomes
brought taxes down $4,S2213, this item
calling for $18.976.69.
After deduction of operating expenses
and taxes, the Traction Co. reported
an operating income of $32, $3.50, COM
pared with S54, 90 in the correspond
ing month a year ago. Incorporating
income was slightly lower this year
while interest on bonded debt and other
deductions were s30,88692 in COMPARE
son with $50, ,039 08 in October, 1881. an
increase Of S847.94, leaving the reduc-
ton in net income Of more than
$4,000.
Revenue passengers during October
totalled 3,207, ,703, compared with s.
769,175 q year ago, decrease IN palo
fares Of 561.472.
Ten Months Report. Filed.
Capital Traction also filed its report
for the first 10 months OF 1897 Wltn
the commission. Operating revenues
totalled $2,707, ,727.15, against sS.24o.-
ZUU.OU, n QGCICdoC va
ating expenses required $2,192, ,912.60,
compared with 50, ,405, ,457.89, a decrease
In expenses of 212,545.29.
Tgxes totaled $l81 ,712.85, against
s246. .O64.11, q decrease OF S64,35l 20.
during the 10 months there was a de-
crease in incorporating income OF over
$3.50 500. leaving gross income OF
S348 207.5O In comparison with S6lI,-
537.s3, or a decrease of 1858 ,33O.4 .43:
Bond interest and other deductions
called for S312, ,482.03, compared with
s308, ,94756, an increase OF S3,o344I.
These deductions left total net income
for the 10 months of S35, ,725.47, against
$780,, ,59037 a year ago. or decrease SO
far this year of $266, 1854 go.
Paying passengers totaled 32,679,444
while revenue passengers In the same
period a year ago numbered 37,974,l Ia,
a decrease this year Of 5,294,680.
Corby New Exchange Secretary.
Karl w. Corby, elected secretary of
the Washington Stock Exchange, mas
been a member of the exchange 1or
more than three years and Is an active
partner in the brokerage firm OF w.
B. Hibbs e. Co.
Mr.. Corby is q widely known WASH
ington business man. Originally, ne
was very active in the management OF
the Corby Baking Co. but when that
concern became afiliated with the Con-
tinental Baking Co., Mr.. Corby decided
to enter the brokerage field. He Is
iirectos in the Lanston Monotype Co.
and several other important corpora
tions.
The new exchange secretary served
the organization last year as a member
Of the board Of governors
Local Broker Office Expands.
The firm of Fenner, Beane 81 Unger-
leider not only expects an improvement
In business conditions, but Is anticipate
ing such Improvement by wide program
expansion, according to John d.
Mothershed, Washington manager, VINO
has Just returned to his Office after
six weeks hospital treatment.
"Our firm" declared Mr.. Mothersneo,
"has recently enlarged its personnel ny
40 per cent, not only re-employlng those
who have been dismissed during the dull
markets but actually adding new faces
In many cities. There are more men
and women on the firms payroll today
than at any previous time, and our ex-
pansion program Is not by any means
TIE comprehensive enlargement OF
the Washington facilities has ALREADY
been put under way and will be con-
tinued rs rapidly as conditions permit;
The firm recently added to the !ocai ,l
staff H. Kenneth Murray, formerly with
Hemphill Noyes g. Co., and G. M. +.
Murphy g. Co; Henry Shepherd, for.
meriy with Stein Bros. g. Boyce and
Goodbody g. Co.; Robert K. Carpenter,
formerly with Goodbody & Co.; MRS.
Amber H Cardwell, formerly with e,
A. Pierce 81 Co., and Stein Bros. and
Boyce; and Bowman McCalla MacAr-
thur. In addition to these stock de-
partment additions, an investment DE-
partment has been installed under the
supervision of Clement Griscom Ran
die and Dwight G. Smyth."
Not only Is the firm expanding its
personnel, but it also was announced
today that the local Offices will be
moved into larger quarters on the street
floor of the Southern Building In few
days.
Today's Trading on Exchange.
On the Washington Stock Exchange
bonds drew the most attention today
although there was a good deal of small
lot activity In Washington Railway &
Electric preferred, which sold at 81 anc
87A.
Potomac Electric Consolidated 5!
moved at 103, while Washington Gas S.
came out at 101 %. Washington Gas ss
series A, sold at 995s. Capital Traction
was weak, although only 10 shares
changed. But the price was 4H.
Consolidated income statement o.
the North American Co. and subsidiar!
September Sc, shows $17,172,2l7 To-
common stock after all operating ex
penses, interest charges, depreciation
and all other reserves and preferret
dividends
These earnings for common stool
represent a decrease Of 1858 per cent
compared with those for the IL month
ended September 80, 1881, and are equa
to S2.42 per share on the average mum
Der of shares Of North American com
mon stock outstanding during the !.
months ended September 80. 1882, com
pared with 1884 per share for the cor
responding period ended September sc
1881. Appropriations for depreciation
reserves equal 1890 per cent. OF gros
earnings FOR the II months endet
September 80, 1882. compared witt
ll32 per cent. of gross earnings for tn
1881 corresponding period.
Other Financial Notes.
Columbia Pictures Corporation ha
signed a contract with Warner Brother
Pictures, Inc, which provides that tn
Warner will show all Columbia pic
lures In their $50 theaters from coas
TO coast.
The wholesale commodity price In
dices of the National Fertilizer Asso
ciation showed little change during tn
latest week, the general index numbe
declining to 6o.4 from 6o.5. Durtn
the preceding week the. index. pumhe
advanced points.
The commercial bank managemer
studies prepared by the Bank Manage
ment Commission of the America
Bankers Association, constituting
complete treatise on. all the phases {
scientifc bank administration. hay
been issued IN bound volume form.
At the semi-annual meeting of tf
directors and advisory board Of Lun