Evening star., 1934-09-02
Operating Net Totals $685.
232-Figures for Year
Ago Around Zero.
HOLDERS TO GET NOTICE
ON TRANSFER OF SHARES
New Certificates Will Be Ready
for Delivery September 10
at Agent Offices.

E1dI Va JA1C SdHAboA 4A 0A1oAS wa
in July, revealing a continued re-
markable change in the trend OF
street car revenues, we're reported yes
terday to the Public Utilities Com
mission; also returns for the first
seven months of 1894. At the same
time, President John H. Hanna an
nounced further details regarding
surrender of the old Capital Traction
stock certificates and the procedure
for obtaining the new Capital Transit
certificates.
I Operating revenues in July amount
ed to $674,71467 and operating ex-
penses totaled $47S,65 Taxes totaled
$45 ,545.07 and $4s, ,211.5S was charged
to depreciation, leaving net operating
income of S101 ,350.65. In the same
month incorporating income amount
ed to $14.834.32, making gross $116,-
1894 Deductions from gross for
interest payments required 7,906.52,
leaving total net July operating
income of $58,232.82. In the same
month year ago when the street
car companies were operating as sep
arate units, net earnings were nil.
Earnings for Seven Months.
For the first seven months Of the
present year operating revenues were
$4,859, ,853.8I. Operating expenses
totaled $3,249, ,603.03, taxes, 352,307 SO,
and depreciation $343, 3,454.70, leaving
net operating income of 1914, ,488.39
The company had a substantial nom
operating income of $96, ,96327.
Gross earnings in the seven months
totaled $1,011, ,45166. Deductions
called for $397, ,S1269, leaving a total
net income of $613, 3,63897. During the
seven months the street car company
carried 1857 ,319 revenue passengers
while in July 10,S31 ,058 were trans
ported. The traffic figures show that
the midsummer business held up
| splendidly and indicate that the 81
| passes are as popular as ever.
With reference to the transfer of
stock certificates, President Hanna
said that notices would be sent to all
I OaRAtd1 44dCJAO1 SbOChAlOI0ClS 11 a
few days. The books will be Closed
September 4. Shortly after that time,
the transfer agents, the American Sc
curity g. Trust Co., will furnish an
accurate list of the present holders OF
l the stock. OF course the notices can
I not be mailed until the corrected list
of names and addresses are available,
Mr.. Hanna explained. The new Ger
tificates will be ready for delivery
September 10 at the trust company's
Office. The. formal notice to be sent
| to hundreds of Capital Traction
stockholders will say:
Transfer Methods Explained.
upon the consumrnation of the
street railway merger December i,
1888, pursuant to the unification
agreement between the Washington
Railway 85 Electric Co. and the Capt.
tai Traction Co. there was issued to
the. Washington Railway g. Electric
Co. 10000 shares of the capital stock
of the Capital Transit Co. (the
merged company and 10000 shares
Of said stock (all of the par value of
500 per share) to The Capital Trac-
ton Co. solely as agent for the 1ndi-
vidual stockholders of said company
for distribution to them in liquida-
ton of the Capital Traction Co. IN
accordance with the provisions of the
Joint resolution of Congress approved
January IA, 1888, as amended Febru-
airy Is, 1882"
You are therefore notified and re-
quested to deliver and surrender, for
cancellation, to the American Security
& Trust Co., Fifteenth street and
Pennsylvania avenue northwest,
Washington, D. C. transfer agent, the
certificates of Capital Traction stock
which you now hold, and the trans
fer agent will deliver to you certifi-
Gates of stock in the Capital Transit
Co. for an equivalent number of shares
of like par value to which you are
entitled.
Other Legal Requirements.
'The assignment on the back of
each of your Capital Traction certifi-
Gates must be dated, witnessed and
signed by you in the exact form in
which your name now appears on the
face of such certificates, and in ad-
dition you will please sign, in the
same way, the enclosed form of sur
render covering the Capital Traction
stock held by you and deliver the
same with your certificates to the
said American Security & Trust Co
Your signature on each certificate and
the enclosed form of surrender must
be guaranteed by national bank or
trust company, or a member of the
New York or Washington Stock Ex-
change Executors, administrators and
other fiduciaries must furnish certified
copies Of their appointment bearing
recent date.
You are also urgently requested to
make this delivery to the transfer
agent on September 10, 1884 or as
soon as possible thereafter in order
that the liquidation and dissolution
of the Capital Traction Co. may be
promptly effected"
The stock of the Capital Transit Co
was listed on the Washington Stock
Exchange during the week and the
old Capital Traction shares removed
from the board.
n :"