Evening star., 1935-10-31
Transit Net OF 90 Per Cent.


October .- s7,25l,5 $50 67,4S4,7l1
Transit Net of SO Per Cent.
Net earnings of the Capital Transi.
Co. in September. reported to the Pub
lie Utilities Commission. reveal a tum-
BILE of 932 per cent compared with the
same month last year. while the num-
ber of passengers carried shows a
sharp increase Net income for the
month was only S3.916.27, against
S5587495 in the like period last year
Q drop of 2.058 40.
Operating revenues totaled S740,-
18475, gain of S78,03056 or II per
cent. Operating expenses. taxes ani
depreciation increased, being S669.
e0435, up s124782 80, or % per cent
Depreciation alone was Sl9,62926
higher, an increase of 40 per cenI
These operating costs left an operating
Income of S5O88O,40, against s97,-
633 10, a drop of S46, 6,75236, or 47.9 per
rent
Deductions from gross earnings
totaled s53,59336, leaving the above
net income of less than $4,000. At the
same time the Capital Transit Co
carried 1203793 revenue passengers
compared with 10,715355 in Septem-
ber a year ago, gain in the month
under review of 1922 SIS passengers
or 1928 per cent. Wage increases
higher depreciation on busSes. IN
creased busses in service and general
increases in the cost of operations are
assigned as the reasons for the greatly
reduced net income.
For the first nine months of 1895
revenues showed a gain of S7l4.l86 38
or lis per cent. Operating expenses
were up % per cent. which left an
operating income of STAB ,294.68, 80 pei
cent lower than it was a year ago
Deductions for interest and other
charges called for S494, ,666.38, against
S5l0,62l12, leaving a net income OF
s35147292, as compared with s7l0,-
e44.65 last year, drop of $359,471,73
Or sos per cent. At the same time
revenue passengers totaled Ill FOL ,981,
an increase of 17.011,36 or 18 per
rent
September Phone Net Lower.
Operating revenues of the Chesa-
peak g. Potomac Telephone Co. in
September totaled s810,329, as COM
pared with S788.842 for the same
month last year, according to the
financial report just filed with the
Public Utilities Commission. The Op-
Grating gain was offset by an increase
In operating expenses and taxes. which
amounted to s66.l58. leaving net op-
Grating revenues of S144,l71, against
El70,258 in September, 1884.
Taxes in September called for
k56,510. Interest deductions from
gross totaled S23.57O. compared with
k20,053, leaving balance before divi-
dends of $14417l, against S150,220 a
year ago. At the same time Washing
ton was served by 1925 telephones
bn September 30, an increase of 1884
pver the number in service at the end
pf September, 1884.
Telephone calls in Washington also
Increased in September, there having
been 20,524000 made during the
month, as compared with 19,021 900
calls during September. 1884. In the
hrst nine months of this year tele-
phone calls totaled 100, ,742 900. the re-
port said, against 176.934,000 in the
same period in 1884, gain of 49,
100000 calls.
The nine months statement showed
operating revenues of Stab, 1853,
against s7,244,167; operating expenses
of s5,286,79l. compared with S5,10l,-
456: operating taxes amounting to
S554,313 and a net operating income
of S1,637,654. After all interest de-
ductions, the telephone company re-
ported a net income for the period of
S1,414,919, as compared with S1,394.-
775 year ago, or gain of s20,1
50 far this year.
Buckley Heads Loan League.
At the annual meeting of the Dis
trict of Columbia Building and Loan
League, held Tuesday evening, the
following officers were elected for the
coming year: Robert E. Buckley,
president; vice president. Arthur G.
Bishop; secretary, William S. Quinter;
treasurer, Millard T. Dixon. The
Executive Committee is composed of
the above officers and Chaplin B. Bau-
man, Carl j. Bergman. George NJ
Emmerich, c. Clinton James, Clarence
e. Kefauver and j. L. Sherwood. MIR
Buckley and Mr.. Quinter were elected
delegates to the annual convention OF
the United States Building and Loan
League, to be held in Cincinnati, No
vember 13, IA and Is.
Reports of the officers showed that
during the year the local associations
passed the S100 100000 mark in as
sets and that over 500 individual loans
amounting to more than $2,000,00o
are being made monthly. Over 10000
new accounts were opened during the
past year.
Bankers Honor Y. E. Booker.
Y. E. Booker. head of Y. E. Booker
Il Co., of this city, was honored by the
Investment Bankers Association at
White Sulphur Springs yesterday, when
he was elected member of the Board
of Governors for 3-year term. Mr.
Booker is president of the Washington
Stock Exchange and widely known in
investment circles here. He was
showered with congratulations today
Other delegates at the convention were
j. C. Folger, James H. Lemon, w. W.
Mackall, jr., and Kenneth S. Wales.
Trading was heavy on the Washing
Ion Stock Exchange today in Capital
Traction bonds at 96 and in Anacostia
g. Potomac r. r. guaranteed SIS at 108.
><L> g. Dat &c