Evening star., 1934-07-31
G. AP. Revenues Improve.

C. g. p. Revenues Improve.
Operating revenues Of the Chesa-
peake & Potomac Telephone Co. to-
tailed ssl56 $50 In June. against the
lower figure of $7e6, ,656 in June, 1888.
according TO the monthly statement
filed with the Public Utilities Com
mission today. Operating expenses
also were higher, s560,050. against
sS23,i47. Net operating income was
sisl, ,7se, as compared with $l7o,o2o
in June q year ago.
After the usual interest deduc-
tions from gross, the telephone COM
pany reported net income OF Sl7l,-
Oo7 In comparison with $145,S76 in
the same month Of 1888. During the
month there was a loss of 245 tele-
phones, but calls totaled 20,735 900,
compared with 19,354. 900 in June last
year.
The report of operations for the
first six months of this year showed
operating revenues of $4,9O7.01
against $4,574.094 in the same six
months of last year. Operating ex-
penses took $3,4l0.s2S. compared with
$3,223,47e year ago.
Net operating income totaled ST.
ll764O this year, as compared with
$9S3, ISL In the first six months of
1888. Balance before dividends stood
at $9a9,4i3, against the lower figure
OF 1891 ,267 in the comparable period
q year ago.
The report shows a net gain in
telephones so far this year of 1852.
against net loss last year of 5,2e3.
So far this year l22,602.000 calls
have been made, against 1l4,557 900
In the first half Of 1888.
Capital Transit's Net Climbs.
The June financial report of the
Capital Transit Co., filed with the
Public Utilities Commission today,
reveals another brilliant month in
net earnings. June operating reve-
nues totaled S71e, ,463 .e5. At the same
time operating expenses, taxes and
depreciation required $586,030.9l,
leaving net operating income of
$l33, ,433. .04
on-operating income totaled Sl4,-
490.7l. making the gross item stand
at STAT, ,923.75. Deductions from gross
left a net income for June of SOL
26l .04. one of the best months the
company has enjoyed since the con-
solidation went into effect last De-
cember. During June the company'S
lines carried l0,768,74l.
For the first six months of 1884
operating revenues totaled S4,l85.-
1874, while operating expenses, taxes
and depreciation called for S3.37l,-
955.77. leaving six months operating
income Of S8l3,18337.
Incorporating income totaled $82,-
1895. bringing gross up to $685.
S12.32. Deductions from gross called
for $33e. .90617, leaving a total net
income for the half year of the sub
stsntial sum of SIS .406.l5. Revenue
passengers carried during the period
numbered 63.446, ,261.
Moran Home From West.
Howard Moran, vice president Of
the American Security & Trust Co.,
has returned to his work at the bank
after a six weeks trip to the Pacific
Coast, making both East and West
Journeys by way cf the Panama
Canal. He was very cordially greeted
in the financial district today. fol-
lowing an exceptionally interesting
vacation. Mr.. Moran is a former
president Of the District Bankers
Association and had done much val
liable committee work for the organ
igation. He has also been a member
of several of the American Bankers
Associations leading committees,
showing special interest in the work
Of the savings bank section He was
In the list of committee appointments
piade by President Francis NJ. Law
for the present year.
TOday's Trading on Exchange.
On the Washington Stock Exchange
today, Capital Traction stock sold at
2ls4 IN two small lots. This was of
a third of point from yesterday s
selling price The stock closed with
2ll2 bid and 22l2 asked. There was
only one other sale during the ses-
sion, Washington Railway & Electric
preferred again changing hands at
100. There were very few changes in
bids on other issues.
Clarence F, Burton, president OF
the CITY Bank of Washington, has
been taking q vacation at Atlantic
City This is his FIRST vacation since
being elected4 president of three con-
solidated banks here
rnvr rrw A w.y-xrx,~xw