Evening star., 1935-06-24
v. R. 7. NET SCARS
ABOVE YEAR AGO
Bus Line Earnings More
Than Double 1894 Fig
Wes During May.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Net earnings of the Washington
Rapid Transit Co. in May were more
than double the net income of the
Sixteenth street bus line in the same
month year ago, according to the
financial statement filed with the
Public Utilities Commission today. 1t
was the first May report. to be pre-
Sented by any of the local utility COM
panies and showed a net income of
$5,572.40 against a net return of
$2,142.52 in May of last year, a gain
of $3.42s.8s.
Washington's Rapid Transit's oper-
ating revenues in May totaled $40,-
396.47 in comparison with $37,070. .46
a year ago. an increase of $3,326.01.
Operating expenses and taxes called
for $33,05l.12 against $32,7678l, an
increase of $283.01, leaving an oper-
ating income of S7,345.65 compared
with $4,302.75 year ago. or an ad-
vance of $3,040.
incorporating income was prac-
tically the same as year ago. Gross
stood at S7,4l693 while deductions
from gross amounted to $l,84453
against the higher figure in May,
1894, of s2238.29, and leaving the
above noted marked increase in net
revenues.
For the first five months of this
year the bus company reported oper-
ating revenues of $l92, ,292S4, an oper-
sting income of $28,586.72 after de-
duction of operating expenses and
taxes. and a total net income of $l9,-
745.67 against $9,86206 year ago in
the same period, or a gain of
$9,883.61. All the company reports
are now well in the black figures, a
very different story from two or three
years ago. In those days nearly every
report drew quite heavily on the red
ink
Heavy Demand for Bonds.
The Washington Stock Exchange
opened the week with one of the
biggest bond trading days in months.
some $4,000 in senior securities
changing hands. The days heaviest
trading was in Capital Traction SIS,
$4,000 turnover showing a half
point advance in the price. These
bonds opened at 96 z and closed at 81.
Anacostia g. Potomac R. r. IS fig
ured in three $4,000 sales at 88l4
up "a. Washington Gas Light SIS
appeared on the board at 1O57s and
106, around the high mark for the
present year. City & Suburban SIS
figured in $4,000 transaction at 81.
Capital Transit stock opened the
week with 100-share sale at 184,
eight more shares selling slightly
lower. Washington Railway g. Elec-
trio preferred moved at 1O6, a new
high for 1885. LanSton Monotype
stock was strong again today, two
sales being recorded at 81.
Commission Amends Form Az.
The Securities and Exchange Com
mission has adopted a rule under the
securities act of 1888 amending in
several respects the instruction book
for form Az for corporations.
The rule for the use of form A-2
was amended to make the form avail
able for use by any corporation filing
profit and loss statements for three
years, If it has furnished financial
statements to its security holders an
nually for 10 years, or has shown
net income for any two of the last five
years, except If it was organized within
10 years and issued majority of its
capital stock, or paid more than one
half of the proceeds thereof, to pro-
moters for property or services.
Prior to the amendment the form
was applicable only if the corporation
within the last Is years had paid divi-
dends upon any class of common
stock for at least two consecutive
years.
Railroad Women Hold Big Jobs.
Many railroad women employees
have earned for themselves interest
ing jobs according to the seventh an
nual women's number of the Balti-
more & Ohio magazine
Ellen Raymond is assistant general
freight agent, Green Bay & Western
Railroad; Frances Dorothy Allen is
interior decorator for the New York
Central; Pearl Andrews is in charge
of cookery on New Haven dining cars;
DR.. Catherine Lankford is surgeon for
the Pennsylvania Railroad; Daryle
Hickman, Somerset, Pa, is law coun-
sci for the Baltimore & Ohio. which
also boasts seven women passenger
representatives, a woman chief clerk
of its law department and Olive w.
Dennis, engineer of service.
Jane Ogle is train hostess, Allan
tic Coast Line; Carpenter Kendall is
editor in chief Of the Milwaukee Mag
azine, and Martha Moore edits the
Frisco Lines Magazine.
Brokerage Business Picks up.
Daily stock and bond quotations
are being watched much more closely
in Washington's New York Stock
Exchange Offices than they have been
for several months. The attendance
in the board rooms has doubled in
the last two weeks and the gossip is
very much more cheerful.
Brokers here report that orders are
on the increase, this announcement
being supported by the volume figures
for the whole country. The public
is not jumping back into the market,
but cautious investment is said to be
growing steadily and the "in and out
traders" are considerably more active.
The recent improvement in both
prices and volume was bound to be
reflected by renewed Wall Street in
terest both in New York and else
where.
There is always a Summer lull in
the stock market. Some market OBJ
servers are now predicting that the
let-up this year may be less pro-
nounced than usual. They base the
assertion on the upward trend which
has prevailed for the last month and
partly on the apparent changed atti-
tude In Congress toward the utility