Evening star., 1932-09-29

" n
!, 329.49, compared
3 with ss6s,o75;56. E. Don Ross.
income in the red to the amount OF
~ S2.850.52, against the August, 1881,
:. figure of s19,126.80 in the black.
- Incorporating income in August
totaled 443.SO5.67, in comparison with
S414 ,945,l1, making the company's gross
income stand at S441 ,C15.l5. compared
with the lower figure Of S454,0729l in
the like month year ego.
For the first eight months CT the pres
ent year, Railway &, Electric reported
operating revenues of s3,077, ,46l .33
10 against S3.596,9S76O a year ago; op-
Grating expenses and taxes amounting
, to S2,777,46 95, against the higher
:, figure of s3.Ol9,886.73; leaving total
operating income of S299,99S.38, COM
!, pared with $577, ,100S7 in the like 1881
. period.
incorporating income totaled ST.
! ASP ,2O6 83 this year, compared with the
~ lower figure a year ego of S1,359 ,945 "a
I, After all the usual deductions the rail-
, way company had net income OF ST.
a. 32O,23744, in comparison with the
:. larger net year ago when 1t STOOD at
/, S1,499, ,396.12.
: Ross ID. c. Credit Mems Guest.
E. Don Ross, president Of the Ma
; tional Association of Credit Men, was
! honor guest of the officers and board
! of directors of the Washington Associa-
! ton of Credit Men at a luncheon at the
, Willard Hotel this noon. The newly
, elected president of the rationol "sso-
, citation is secretary of the Irwin -Hodson
. Co. Portland, Ore.
:. He was elected President after hav-
ing served an eight-month term as act
ing president of the association, follow
ing the resignation of President Henry
H. Heimann in September, 1881, when
he assumed the post OF executive man
ager of the association.
Mr.. Ross was born in st. Adams,
Vt. July 13. $780,, and early in life
went to Oregon. After leaving school
he Joined the Postal Telegraph Co. and
was connected with it in an official
capacity for 20 years before entering
mercantile life as partner OF the
Irwin-Hodson Co., where he engaged
in credit work. Mr.. Ross Is widely
known as an exponent of better credit
ethics, which he stressed at todays
luncheon, and has also been active in
promoting civic welfare, being a past
. president of the Portland Executives
Association.
Leaders of the national association,
after a call at the White House to-"
said they had expressed appreciation
to the President ior ms PAL. IN so...iis
up the Reconstruction Finance Cor
poration and the Home Lean Bank
system.
Mr.. Ross said that the creation ot
the Ha:ne Loan Bank Board will be OF
great help to homeownerS and that this
will be big contribution in the gen.
eraI movement toward economic re-
covery He was accompanied to the
White House by David A. Weir of New
York. an, officer of the association, and
w. H. Jouch of New York, past presi-
dent.
Mr.. Ross asserted that money released
by the ReconStrucncu rIn2nce ~
poration to manufacturers through the
banks is commencing to show itself in
a constructive way and has been one
Of the factors that has brought the turn
in the Nations economic recovery.
Power Company's Net Lower.
The Potomac Electric Power Co. re-
ported a moderate falling off in ne
earnings in August to the Public Util-
tiles Commission today. Operating
revenues for August totalled 1881, ,687.77
against SS42 ,4A6.27 in August, 1881, of
S10.756.50 Revenue deductions re-
quired S463, ,6l483, compared with $450,'
87293 a year ago, gain CT over
$4,000.
Net operating revenues amounted t.
S263,074 S4, compared. with 1891, 573. "a
a decrease Of So, ,49840. After all othel
deductions the power concern had 6
ne. income in August totalling the sub
stantial sum of S303, 1880, against
S526, 165 82 in August, 1881, a decrease
..::of 2,967.22.
- - For the first eight months of 1882
operating income totalled S7,281 ,417.24
.sagainst S7095, ,083.94, gain of $780,
a3334O. Revenue deductions from oper
tating income required S3,815,0 .49
compared with S3,693,4o8.54, an in
hcrease of S121, ,520.95, leaving net oper'
.,ating revenues of s3,446, ,407.85, agains
"SG, $40 $3.50, a gain of 64,812.45.
: Miscellaneous income during th'
Ieight-month period totaled S99,444 63
''in comparison with $l89, 9,330.20, drol
s,,of $90,885.57. Gross income was dow
lover $4,000, leaving after all deduction.
a net income of $2.950, ,962.20, compared
,$2, ,986, ,604.59, a falling off Of $35, 5,642.39
!; Trading Active on Exchange.
d. Trading was unusually active on th
washington OIOSh GASi1dAiSC IONoy
bonds again being in best demand
The largest bond sales were $1,000 trans
fers in Potomac Electric Consolidated
',5s at 102 and Washington Gas SIS a
1O1. Both bond and stock price
Showed little change. District National
"Federal-American, National Bank
Trust Co., and Security Savings & Com
',mercial Bank stocks are now beini
quoted ex-dividend, following the recen
dividend declarations.
" Vlrginian Railway Co. reports TO
Eight months ended August 81, 1882
met income of S1053,512 after take
and charges, equivalent to S3.77 a shar
Ion 279,550 shares of 6 per cent pre-
"ferred stock This compares with 81,
"..93O,O77, or $259 a share, on 3l2,71
common shares after preferred DIVIDEND
requirements in first eight months o
.;1931 ::
August net income was Sl24,G48 afte
taxes and charges, against net mcom
aof S359852 in August, last year.
Y Norfolk g. Western Railway Co. re
ports for eight months ended Angus
81, 1882, net income Of S7,749,599 afte
taxes and charges. equivalent after divl
',dend requirements on per cent pre-
;ferred stock, to S5.07 share on i,406,
ABB shares of common stock. This com
.pares with $13.276,487, or SO common
Share in first eight months OF 1881.
August net income was S1,272,31
after taxes and charges, against 81,
,O38,5 in August last year.