Evening star., 1935-01-24
TRANSIT REVENUES
AROUSE INTEREST.
First Comparison With Pre-
ViouS Year Expected to
Show December Gain.
BY EDWARD C. STONE.

CHr merger went lIlGO 6II6CG OH 4JeCeIIl-
Der l, 1888, it will be possible to COM
pare figures in the Capital Tran
sit Co.'S next financial statement with
q corresponding month in the previous
year. For that reason unusual inter-
est is being shown by stockholders in
this report. After more than a full
years operation, the December state
ment will give the best picture to date
Of earnings, trends and prospects
The December and full calendar
years figures are due at the Public
Utilities Commissions office very
soon. In the meantime no official
statement is forthcoming. However,
it is believed in the financial district
that revenues in December were con-
siderably ahead of the highly salts
factory earnings in December, 1888
They may show an improvement as
much as 20 per cent.
The optimistic forecast, or perhaps
guess, is based on the number of pas
sengers carried in other months dur
ing the year. In December, 1888, the
number of passengers totaled 12,441,- =
lis. In January, 1884, the number of
passengers increased to 13,634320. In
March and April the number crossed
the 100000 mark In August, the
poorest traffic month in the year, 49,
844,113 passengers were hauled. The
october figure ran up to 16,876,417.
November was another big month and
December had the Christmas rush.
The steady gains through the year
indicate that December must have
been far ahead of the corresponding
month year ago.
While total revenues in December
will no doubt be considerably larger
than year ago, net income may not
be as large. Net income in December,
1888, was S118,392.58 During the
year expenses advanced faster than
earnings, because of new cars and
buses, an increase in pay and the
addition of more than 500 new en-
ployes.
Net income last November stood at
$85,71189, following net revenues of
over 100000 in October. Even if the
December net returns are not up to
December, 1888, the showing will be
a most satisfactory one. 1t will be
sufficient to keep very much alive the
discussion of a permanent dividend
on the stock, how much will be de-
clared and when. The returns will
likewise help to keep the bond inter-
est covered from 2l2 to 234 times.
Agency Reports Best Year.
John F. Cremen, general agent for
the Massachusetts, Mutual Life Insur-
ance Co. in Washington, announces a
paid business for 1884 in excess of
S4,000,000, which is the largest of any
year in the agency's history.
This not only represents a large
volume of increase in paid insurance
but it is also the highest percentage
increase (98 per cent? of any agency
in the company.
Mr.. Cremen states that the eighty
third annual statement of the COM
pany recording the years business for
1884, just released, shows that the
cash receipts of the company for the
year were in excess of S40000,000 over
disbursements ant, that the company
paid to policyholders and beneflciaries
the sum of 100000. This excess of
cash receipts is S2O,OO0,O0o more than
last years figure.
Credit Union Votes Dividend.
At the recent annual meeting of the
stockholders of st. Anthony'S Parish
Credit Union it was voted to pay
dividend of 6 per cent on the shares
of stock outstanding on December
81, 1884. 1t was also decided to join
the recently organized District of Co.
lumbia Credit Union League. Com
mittees were elected as follows:
Supervisory Committee-Rev. P. E.
Conroy, Martin P. Duffcy and DR..
George R. Ellis; Credit Committee
George F. Bradley. j. M Camalier, j.
Vincent Gallagher, Paul F. Moore and
Frank O'Hara; Board of Directors
George F. Bradley. ]. M Camalier,
Dr. John r. Hill, Daniel Masterson,
Paul F. Moore, William McCloSkey,
Frank O'Hara, Francis E. Smith and
Sylvester II. Walter.
Delegates to the District of Colum-
bia Credit Union League-Frank
O'Hara and Francis E. Smith; alter
mates, DR.. John R. Hill and Francis
B. Kelly.
Safe Deposit Experts Meet.
F. E. Cox. secretary of the National
Safe Deposit Advisory Council, gave an
intensely interesting address before
the Safe Deposit Section of the Dis
trict Bankers Association last evening
in the American Security & Trust
Building. He discussed the work of
the council.
A. H. Troeger of the Maryland Safe
Deposit Association talked on matters
OF special interest to safe deposit guar
dians. F. P. H. Siddons, president of
the District Bankers Association, pre-
sented greetings from the parent Or
ganization, and Richard E. Harris,
section chairman, presided.
The other members of the sections
Executive Council include Albert E.
Fisher, vice chairman; John F. Hill
yard, secretary; Andrew R. Walden
and Charles NJ Ashton. While the
weather reduced the expected attend
ance, there were several guests present
from Baltimore and Richmond.
Heard in Financial District.
August Schmidt and C. Shelton
Buchanan assumed their duties today
as managers of the Washington office
Of Hemphill, Noyes & Co., New York
brokerage firm, in the Shoreham
Building. They received many con-
gratulations from customers and
others.
The Pennsylvania Railroad has de-
clared a dividend of SO cents per share
on the outstanding stock, payable
March 10 to stock of record February
IS. Last year the company paid so
cents in the Spring and like amount
in the Fall. The stock is widely held
here.
Bonds were accorded all the atten-
ton on the Washington Stock Ex-
change today. Washington Railway
& Electric As figured in a $1,000 sale
at 10012, and $1,000 Columbia Coun-
try Club 515s appeared on the board
at 102. Potomac Electric Power 6s,
1853, figured in nine consecutive $100
bond sales, all at 1091a. The sale in
Railway Is was a full point higher
than these bonds have sold this year.