Evening star., 1933-08-21

be among the larg- s.
est in Washington. II
The stock quota
tion board will be Ferry X. Heath.
placed on the south
side Of the building and there will be
ample space for private offices and all
accounting requirements. Maj. Heath
said.
Hartman e. Co. was established in
1888 and the new York Office is at
III Broadway The firm has branch
Offices in Baltimore, Washington. Will
mington, Del; Providence. R. l.. and
Paterson. N j. Aside from men,
bershfp in the New York Stock Ex-
change. the company also has seats on
the New York Curb. New York Cotton
Exchange and the Chicago Board of
Trade.
Mai. Heath was assistant Secretary of
the Treasury during the Hoover admin
istration. Many years ago the company
opened for business here in the Colo
RADIO Building and has moved but once
since that time.
Capital Traction Has Deficit.
The Capital Traction today filed its
monthly financial statement for July
with the Public Utilities Commission.
showing deficit of over $4,000 during
the month Operating revenues de-
creased by s2s,36221 during July, COM
pared with the same month last year.
Operating expenses were cut heavily,
being S29 1914 under July. 1882. and
resulting in a gain in operating income
of S59331
Incorporating income was slightly
ahead of last year and gross income
was $40, SOL 48 against Sl9.446. 60 a year
ago, an increase of Sl,l1488. Interest
on bonded debt required over $4,000
the same as last year.
Other reductions brought this item
up to S33,20393 in comparison with
S32, 2,48320 a year ago, an increase of
over S720, leaving a deficit for July Of
S12.642.45 against S13,036.60 in July
1882. Revenue passengers revealed a
falling off of 326,l37 during the month
under review.
The Capital Traction Co. also filed
its report for the first seven months
of the present year. Operating revenue
totaled S17O1. .l07.78 compared with
Sl,970,3 ,39435 in the like period last
year Operating expenses and taxes
called for s1,484,972.55 against s1704,-
827.e6 in July, 1882, decrease of s2l9,-
85511.
Operating income totaled s216,-
1923 against $265 56669 in the first
seven months of 1892, a decrease of
more than $4,000. Incorporating in
come was slightly lower than last year,
and gross income was down over
$4,000 Total deductions called for
1924, 4,292 40, compared with s219.966 A
a year ago. an increase of S4,32596.
After all deductions, the traction
company had a net income of only
$3,671.86 in comparisons with $751;,
860.36, a decrease of s55.188.50. The
main reason for the falling off in net
income appears to be the slump in
traffic. there having been decrease of
2,869, ,024 in revenue passengers. due to
private autos, buses and taxis.
d. c. Insurance Off IL Per Cent.
New paid-for life insurance in Wash
'ngton in July showed a falling off Of
II per cent, compared with the same
month last year, according to the
monthly report received by The Star
rom Hartford today. The average for
he United States was off per cent.
In this locality North Carolina showed
i gain of 4 per cent, West Virginia
Eas off per cent, Virginia, per cent,
While Maryland stood below the District
Of Columbia with a slump Of Is per
cent IN new July business.
During the month Washington agents
wrote s3,515, 900 in new business. Mary
land recorded S5,88300 Virginia, s5,-
iO2 900; West Virginia, 1886, 900;
North Carolina, $500, 900. and South
Carolina, s2542 900. Georgia increased
business over last year with $6,l96, 900
n new life policies. Florida also stood
we'll in the list with s3,643,0C0 written
during the month. within l per cent
of last years mark
For the country as a whole. statistics
revealed decided upward trend during
July The volume paid for in July was
96 per cent of the July, 1882, sales.
This represents the best monthly ex-
perience since January, 1882. The gen.
eral improvement was reflected in every
section of the country. With the ex-
ception of New Mexico, where condi-
tions remained about the same, every
State showed an improvement in July
over the first six months figures.
In the New England section sales
gained per cent in July, as compared
to July, 1882 Three States in this
section, Connecticut Massachusetts, and
Maine, contributed increases. In both
the North and Southeast Central sec
tions of the country also sa,es exceeded
those of last July Out of the 48 States
d4ld lllC DlolLASG Va SoioiAi1Ao. AOA "AAAStA
figures are received. II States showed
gains for the month compared to last
July.
Trading on d. c. Exchange.
Trading was confined to bonds on
the Washington Stock Exchange today
and was very quiet Washington Gas
Light IS, series B. moved at 1922 on
a small sale and $500 Washington Gas
SIS, 1860, changed hands at 1852.
Five local stocks are now being
quoted ex-dividend because of coming
dividends They are Potomac Electric
Power s. per cent perferred and the
5l2 per cent preferred, Washington
Railway &, Electric preferred and COM
mon and Lanston Monotype.
Capital Share Issue Planned.
The Federal Trade Commission made
this announcement today relative to a
local security issue:
Progressive Building & Loan ASSo-
citation, l4l6 F street northwest. Wash
tngton, D. c., District of Columbia
corporation dealing in first mortgage
loans on improved real estate, proposes
to issue Capital Shares, Series F. of
par value of S100 share, In the
amount of $315,000, having paid
registration fee of $3.50. Among
officers are: Henry M. Eaton, president.
and Edward Holmes, secretary treas