Evening star., 1935-07-30
v. R. 7. D|SC[OSES
HIGHER EARNINGS
$5,493 Net During June
Compares With Only
$777 Year Ago.
BY III, b. ROGERS.

Washington Rapid Transit Co.
showed an increase in net income of
$4,716.l6 during the month of June,
1885, as compared with June, 1884,
according to a report filed today with
the Public Utilities Commission. The
net income in June, 1884, was only
777.20, as compared with $5,493 SO this
June.
Net income also rose by $14.59977
for the first half Of this year for the
same company, as compared with 1884
first half. Net income for the first
half Of 1884 was only $10,639.26.
against $25 5,239.O3 for the first half Of
1885.
Total passengers carried declined
from 391,11e during May to 1885, $3.50
during June, seasonal decrease.
Operating revenues of the Rapid
Transit increased from $33,775.35 in
June, "a, to $4o,266.46 this June, a
gain of $6,491.11.
Operating expenses and taxes in
creased during the same period from
$30,883.73 to $33,044o8. a gain Of
$2,l6035.
For the half-year period, the operat-
ing revenue gain for comparable years
was from $210,511.54 to $232, $3.50,
an increase of $22.04776.
Operating expenses and taxes in
creased during the same period from
$187 7,o12.90 to $196,75O20, a gain of
ss,737.3o.
Anacostia & Potomac IS Up.
Anacostia & Potomac Railroad IS,
some of which will be retired soon by
the Baltimore National Bank, trustee,
holding about 1925, 900 cash, sold again
on the Washington Stock Exchange
today two $1,000 bonds going at 93A4,
a fraction up from last prior sale.
Discussion in financial circles here
involves. the question as to why the
trustee in Baltimore delayed buying
in these bonds after receiving the cash
July l. Tenders are expected now mo-
mentarily.
Capital Traction SIS were out at 99l2.
American Security g. Trust Co. sold at
200, and Riggs National Bank pre-
ferred at 1882.
Investments Decline.
Investments of International Car
riers, Ltd. as of June 90, 1885, has
aggregate market value of S3,44l ,073,
against cost of S5,685, ,084. The COM
pany held S799062 in cash at the
midyear. Net asset value per share on
June 20. 1885, was $759, contrasted
with S817 on December 81, 1884, a
decline of approximately per cent,
compared with decline Of more than
9is per cent in the Dow Jones Rail
Average in the same period.
B. g. o. Loadings Gain.
Carloadings on the Baltimore &
Ohio Railroad for the week ended July
~ totaled 38,787, of which 26.108 cars
were loaded on line and 1853 re-
ceived from connections.
This was an increase of 1,675 cars
over the previous week (the week end
ed July 20), when the total loadings
were 37,112, divided 24,632 loaded on
line and 12,480 received from connec-
tionS.
week in 1884 showed total Of 1886,
of which 26,262 were loaded on line
and 1904 received from connections.
Trade Rise Predicted.
A more than seasonal rise in busi-
ness activity over the coming months
is forecast by the United Business
Service in its current report. This is
expected to be particularly marked in
the Central and Western parts of the
country, where current trends are al
ready recording improvement.
The United Service points out that
business has held up remarkably well
this Summer in the face of many
difficulties. The passing of the N. R.
A. codes threw prices back on supply
and demand factors, and quotations
did not break disastrouSly.
The social and tax legislation being
developed in Washington is distinctly
bearish, yet business and investment
sentiment has remained high. Foreign
affairs are ominous, but they have not
disrupted the growing confidence in
domestic recovery.
Plans New Radio Store.
Georges Radio Co., with executive
offices at 816 F street, plans to open
its fifth store in Washington Thursday
at 3107 M street. This company
started with small store at 2139
Pennsylvania avenue and in the space
Of seven years has extended its opera
kinnc fn ctr oy-iH
parts Of Washington. The other stores
In addition to the three addresses
above are: 2015 Fourteenth street and
I'LL H street northeast.
( Midsummer finds business activity
Surprisingly well sustained" in the
opinion of the New England letter of
the First National Bank of Boston.
-Unsettlement following the N. r. A.
decision. expected in some quarters,
has failed to materialize. Instead
business has gained in confidence with
the prospect of less interference with
economic laws"
Substantial profits now, in con-
trast to the loss sustained in 1884.
are reported by the Lockheed Aircraft
WY Oui141S IIlC Slh-IuOIlu1l
this year the issued capital stock was
increased from 393,276 shares to 4O4,-
610 shares. Profits for this six months.
before provision for Federal income
and excess profits taxes, were listed
ct S152,93476.
Personal Mention.
William L. Miller, president of
Thomas j. Fisher Co., has returned
from trip to Europe.
James d. Shea of Bliss Properties is
back from European trip.
e. c. Graham, president of the
Hamilton National Bank, is motoring
through Vermont and New Hampshire.
G.. Bowie Chapman, resident man
ager of Laidlaw & Co., has returned
to his Summer home at Castine, Me-,
after business trip to Washington.
Irving Zirpel, secretary of the Union
Trust Co., is on vacation at Tall Tim
bers, Md.