Evening star., 1934-11-22

Railroad Co. After serving in that
capacity until 1907 he became asso-
ciated with the ]. H. Bradley Co.,
where he remained until his appoint
ment in 1913 as assistant assessor
He was assistant assessor of real
estate for the District of Columbia
until September IS. 1919, when he
came to the American Security &
Trust Co. as real estate officer. In
January, 1888, Mr.. Beale was elected
vice president and since that time
he has served the company in both
official capacities.
During his residence in Washington
and association with the company, Mr.
Beale has been very active in real
estate circles, serving for two years as
chairman of the Appraisal Committee
and for three years as a director of
the Washington Real Estate Board.
Rapid Transit Earnings Up.
Washington Rapid Transit Co.
earnings showed a further gain in
October, according to the report filed
today with the Public Utilities Com
mission. Operating revenues in Octo-
ber amounted to S36,28396 against
S34,641.97 a year ago, an increase of
Sl,64199.
Operating expenses and taxes called
for $32,892.65 as compared with
S31,51441 in October, 1888, an increase
of s1,378.24, leaving net operating
income of S3,39131 against S3,127.56
a year ago, gain of S263.75. Deduc-
tions from gross were slightly heavier
than in October, 1888, leaving a net
income of S1,34690' against S827.87,
or a gain of S5l903.
For the first 10 months of 1884 the
bus line company reported operating
revenues of 1886, ,065.35, in comparison
with 5000, 9,073.02 an advance of S26,-
992.33. Operating expenses and taxes
totaled $308,27 80 as compared with
1927 ,465. AZ, reduction of $l9, ,l92.60,
leaving an operating income of ST.
1928, against a deficit of S18,382 40,
year of SAG, ,18493.
Gross revealed gain of practically
the same amount during the two
months. Deductions from gross were
S7,373.07 lighter this year. This left
net income of S6,486.69 for the 10
months, against a net loss last year
of S46,848.51, which means an i'm
provement in earnings of $50, 1890.
d. c. Stock Exchange.
Trading was lively on the Washing
ton Stock Exchange today. Seven 10
share sales took place in Capital
Transit at 25s4. The interest in this
stock was said to be due to today's
meeting of the board Of directors
and to dividend talk.
Potomac Electric Power preferred
issues we're strong. The 6 per cent
stock moved at 1885 while the 512
per cent sold at 112. National Saw
ings & Trust Co. again recorded a
sale at par.
There was considerable interest in
bonds. Chesapeake & Potomac Tele-
phone SIS of Virginia sold at 1074
on So 5000 and $4,000 transfers. Wash
ington Gas SIS, 1850, came out at
109la, while Gas SIS, 1858, moved at
98l2. The series B IS sold at 1881 1s.
Spaid Heads Stock Exchanges.
The first meeting of Associated
Stock Exchanges since the election
of w. w. Spaid of w. B. Hibbs & Co.
as president, has Just been held in
this city.
The organization has just been
expanded and now includes all the
important exchanges in the United
States. The New York Stock Ex-
change, Curb Exchanges, Chicago Ex-
change and others have recently
Joined the organization which was
originally made up of the smaller
exchanges, including Washington and
BalNmore.
Eugene E. Thompson, who has been
president of Associated Stock EX-
changes for several years, is secretary
of the expanded organization. The
Washington Exchange has been q
member of the organization since it
was founded.