Evening star., 1934-12-08

y. . - e
February. 1854. G42.39ilU '5.5u3 -
March, 1884. .... t.N!iN1.9l !l,uI5 /!
April, l:t.'4 80. -. - o. Us i"S'-,i
-1idE. 4',.t '..'. 12t.,, -. ii.1,,i W. W.
JUNE ,i,,,t''''. 80 ''2t.hn !l';1i ~
jay, l9J4 o:;... hn434N ~ ?3S';:i; y;
September, 1884. t?i.;.4I.o3 35.ni4n7
October. 1934... 7'sl44.5l 3o.'!;iHH 90
Total .S.te..3I6.ll S9I951G.l5
1t will be seen that revenues in
creased from S677.9 .955.57 IN the open
ing month of operations to $778,144.51
in October. the last month reported.
At the same time total expenses,
taxes and depreciation also increased,
this item standing at $500, 1863 66 in
December of last year as compared
with the higher figure of S63l,49l.l1
in October of the present year. EX-
penses, taxes and depreciation for the
IL months totaled S6,239, 1888.
The total number of passengers car
ried on the company's lines during
the IL months was l57 455,074. No
venber was another very heavy traffic
month. While the November report
has not yet been made, 1t seems more
than probable that the full years
net earnings will pass the Sl000,000
mark. That will mean better than
S4 a share and coverage of bond in
terest approximately % times.
Thorpe Pictures Prosperity.
II this be Pollyannaism. make the
best of it, says Merle Thorpe III Ma
tion's Business. Most of uS-the aV-
erage man. woman and child. multi
piled by 10000, O,OO0-haye great deal
of money either in the bank or coming
to our folks if We die. There are
ninety-three billions of life insurance
policies Out-abOut thrCe-fOurthS OF
policy to every man. woman and child.
or nearly four to a family. And If
We all died at onCe-WhiCh We Shant-
and the insurance companies paid off
the whole ninetythree billions, they
would then oWe-WhiCh they couldn't,
because folks don't all die at once
there would be 5000 each, or, say,
$2,500 a family
And then there's about twenty-five
billions in savings bank deposits IN this
country and if We all don't try to take
it out at once-and we Shan't-there
about 5000 per man. woman and child,
or, say, $500 a family. And then there
are some fourteen million families that
own their own more or less mort
gaged) homes. And there are other
more or less satisfactory assets, in
cluding 100000 of us who own share
or more of A. T. & T. stock. And
that's only one stock.
I'll grant that I'm broke; if you
insist that you're broke, won't argue.
but I decline to admit that we" are
broke" Mr.. Thorpe concludes.
Sinker Discusses Tax Laws.
Julius Sinker of this city. certified
public accountant. has written an in
teresting treatise on the Revenue Act
of 1884 as II Affects Security Trans
actions" In his introduction he notes
that taxpayers who buy and sell Sc
curities are confronted with numer-
Gus difficulties in preparation of their
Federal income tax returns by reason
of the many and varied provisions of
the law.
One of the most important of the
new provisions, he says, is the method
of computing capital gains and losses.
Another is the disalloWance of losses
where the sales or exchanges take
place between members of the same
family. The writer has gone into
these and other equally important pro-
visions with much detail.
Limitation as to the deductibility of
losses is one of the subjects given Spe-
cial attention. Under this subject the
author discusses family transactions,
sale of Government securities and
shrinkage in values. Capital gains
and losses, liability for making returns
and various methods of computation
are accorded consideration. To make
his points clear. the writer has also
employed charts. The copyrighted
booklet reflects much credit upon the
Washington author. 1t has been
widely praised by local brokers.
Banks Push Mortgage Plans.
Washington banks are receiving a
large number of applications for in
surance under Title of the national
housing act. according to j. Howard
Audrey, deputy Federal housing ad-
mlnistrator. Hundreds of such ap-
plications have been received and
some already granted.
Local banks already approved as
mortgage institutions include the
American Security 81 Trust Co., City
Bank of Washington, Hamilton Ma
tlonal Bank, McLachlen Banking
Corp. Munsey Trust Co, Riggs Ma
tional Bank and the Security Savings
and Commercial Bank.
This list will be enlarged during the
next few days to include other local
institutions. Banks with real estate
departments have assigned an officer
to explain the provisions of the hous-
ing law to customers.
Peoples Drug Sales Soar.
The gain of l76 per cent in Peoples
Drug Store sales in November over the
same month last year was the best
monthly advance so far this year.
Sales in October showed gain of
l65 per cent. compared with October,
1888. Sales for the first II months of
this year totaled 14,964,590 against
s13,827, ,438 year ago, an increase of
s1,137,152, or 80 per cent.
Continental Baking Corp. has de-
clared a quarterly dividend of 81 on
the per cent cumulative preferred
stock, payable January l to stock of
record December II. Similar divi-
dends were paid in previous quarters.
United States Trust Co.. New York,
has declared the regular quarterly divi-
dend of SIS, payable January 2 to