Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-08-31

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May ......... 61,662,074 4o.453,19s
June ....... 66,669,995 56, 487, 657
July ...... 63,082,328 51,328, 1859
August ...... 59,433, 291 45,4o5 1877
C. & p. Phone Revenues Gain.
Operating revenues of the Chesa-
peake & Potomac Telephone Co. in
July totaled $775,224, against $726,57l
in July, 1888, according to the monthly
report filed today with the Public
Utilities Commission. Operating ex-
penses were also much higher, 1854, sol
as compared with $481,182. Net
operating revenues were $210,628,
against $245,390 in July Of last year.
Taxes called for $57,551, compared
with $65 1903, leaving net operating
income of $153,072, against S180,O82.
Gross was practically the same as
net operating income. Interest deduc-
tons required $21 ,656, in comparison
with $24,671 a year ago, leaving a
balance, before dividends, of $3.50, 976,
compared with a net income last year
in July Of $155, 305, a decrease of
S24,329.
Washington was served by 182, 5o2
telephones on July 81, as compared
with 72,827 on the same date last
year, according to the report. There
was a net loss of 131 telephones in
July. Telephone calls during July this
year increased nearly 100000 over last
year, there having been 1880, 900
calls last month.
The C. g. P. Co. also filed the re-
he G,.e+ 80
1884. This showed operating revenues
of $5,682,242, against $5,3OO,665 last
year. Operating expenses were SO, e75,-
524, as compared with S3,704, 657.
After operating taxes were deducted
the phone company had a net oper-
eting income of $1,270,712, in COM
parison with the lower figure of
$163, 1888 a year ago.
After the usual interest deductions
from gross the company reported bal
ance, before dividends, of S1,120, 389
in the first seven months of this year,
against $986,562 in the like 1898
period, or an increase of $133,827.
Total phone calls made during the
period were 14o,45o, 900, against 49,
$4,000 last year.
Exchange Seeks Registration.
Members of the Washington Stock
Exchange fled their application today
with the Securities and Exchange
Commission asking registration as a
National Securities Exchange" the
application furnishing detailed infor-
nation about membership, rules and
practices.
Steps also have been taken for the
temporary registration of many of the
securities listed on the local exchange
in line with the national commits
sions rules. Corporations have made
application to the exchange for regis
tration and duplicate of the original
of each application will be forwarded
to the control commission
The temporary registration Of Sc
curities will expire on June 80. 1895,
or earlier if the commission so rules
and gives a 90-day notice of the
change. The issuers of such securities
need file no reports with the COM
mission except those which they make
available to security holders.
Beginning with November, however,
directors and officers of companies
whose securities are registered and
persons who hold 10 per cent of
any class Of registered equity Sc
month during which there is any
change in their ownership of the
company's equity securities
Information required of the big ex-
changes and not called for from the
Washington Exchange, covers margin
trading, hypothication of securities
carried for customers accounts;
transactions for the purpose of peg
ging, fixing or stabilizing the price of
any security; puts, calls, straddles or
other options; short sales; stop-loss
orders, SyndicateS, wash sales and
other manipulative devices; special
lists and transactions in securities
listed on other exchanges. Much
other information is also demanded.
Complete Data Furnished.
All exchanges, including those the
size of Washingtons market. must file
exhibits with their applications, in
Guiding copies of the constitution, by
laws and any other written rules; in
short, enough proof of claims to give
the Government control board COM
plete picture of just what each ex-
change does and what it does not do.
Today's action by the Washington
Stock Exchange follows the vote
taken few days ago by the board of
governors. The board feels that
registration will give the local security
market better standing among other
exchanges, the investing public and
the corporations which have their
securities listed.
1t is very much doubted if the
Government would have demanded
registration, on account OF the size
of the exchange, and because the
serious practices, which the control
commission is expected to check, DO
not exist here.
New Transit Stock Listed.
The Capital Transit Co. has noti-
fed the Washington Stock Exchange
that the company's books will be closed
on Tuesday, September 4, to further
dealing in the old Capital Traction
Co. stock. and that the new Capital
Transit stock certificates will be ready
for delivery on and after September
10, at the Office Of the American Secur-
ity g. Trust Co., transfer agents.
Taking notice of the communica-
ton, the Board of Governors OF the
exchange today listed 100000 shares
of common stock of the Capital Tran
sit Co, to be traded in at cnce for
delivery on September II. The COVER
nors also have stricken from the list
10000 shares of the old Capital
Traction Co.
First trading in Capital Transit took
place today, Is shares selling at 23%
and 20 shares at "a. Woodward 8
Lothrop preferred sold at ITO.
The exchange viii be closed Mon
day, Labor day.