Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-09-23
v. R. I. NET GAINS
$3,129 OVER 1884
August Total Reaches $500,
Compared With So, 500
Loss Year Ago.
BY EDWARD C. STONE.


tation financial statements was filed
with the Public Utilities Commission
by the Washington Rapid Transit
Co today. 1t revealed an improve
ment in net earning of $3,129.78 over
August a year ago. The company
made profit this year against a
deficit in the same month in 1884.
Operating revenues in August to-
tailed s33, 39759 against 500 .348.9l,
or a gain of S4,048.68. At the same
time operating expenses and taxes
called for s3O,98l.75 in comparison
with S29,66564, an increase OF
&1,315.91, leaving an operating in
come of S2415S4 compared with a
deficit a year ago of S316.93, an in
crease IN August this year Of
S2,73277.
incorporating income was about
the same as a year ago while gross
revenues were up S2.730.o7. Deduc-
lions required s1,841.11 which left
a total net income of $4,000 against
last years deficit S2,509.74, resulting
in the above mentioned upturn OF
more than $4,000.
The same bus corporation also
filed the financial statement for the
first eight monhs of 1885. Operat-
ing revenues were $50, 101.78 ahead
Of last wear and operating expenses
and taxes were $12,008.66 higher,
leaving an operating income OF
S4l849.6S as against S23, an
increase of S18,O9312.
Gross revenues were practically the
same as a year ago, while deductions
from gross were reduced by $3,l24oo'
The total deductions left net IN
come for the first eight months OF
1885 of SGT, 69153, in comparison with
S6.52l.67, or an increase so far this
wear of S2l 1896. The report shows
that the main reason for the increase
in net profits so far this year is main
" due to an increase in passenger
travel on the company's buses. A
firm grip has also been kept on ex-
penses.
War Talk" in Broker Offices.
The Italo-E Ethiopian situation is the
big topic of conversation in Washing
ton brokerage houses these days. The
market is being watched very closely
While there may not be any war, both
traders and investors are intensely in
terested in the possible effect upon
economic and financial conditions in
this country in case there should be
open hostilities. Along this line the
views of Max Winkler. economist. are
timely and interesting, conforming
closely to the opinions most often ex-
pressed by brokers in this city:
If Mussolini should persist in his
belhcose plans, what then? Italian
factories would have to concentrate
on the production of war materials,
and Italian ships would be impressed
for the transportation of troops and
supplies to Africa, while Italy's export
trade would largely fall into the hands
of her neutral neighbors and the
United States Probably substantial
share of Italy's present export trade
to South American countries would
come via the United States. In ad-
oition, both warning countries would
purchase from the United States,
either directly or through neutral in
termediaries, many primary materials,
other than actual contraband, required
by nations at war.
In other words, the direct effects
OF war between Italy and Ethiopia
would undoubtedly stimulate Amer
lean export manufactures, commerce
and shipping and enhance the coun-
try's prosperity accordingly.
ANY outbreak of war involving Italy
and any other European country
would almost certainly be the occa-
sion of a drastic decline Of security
prices, which. however. severe as 1t
might be, would probably not last
long"
More Investment Buying Here.
1t was reported in the Offices OF the
New York Stock Exchange firms in
Washington that there has been a
pickup recently in the amount OF in
Vestment buying Of securities for cash.
Many investors who have been out
of the market for long time are
purchasing carefully selected stocks
and paying for them with cash, put
ting them in their strong-boxeS in the
banks with the intention OF holding
them indefinitely That is what Wall
Street refers to as the best kind OF
stock buying. The securities are not
sold on any slight market fluctuations.
At the same time it is stated that
the public generally is not hurrylng
back into the market. BY that is
meant the class of traders who deal
on margin and are Tin and out" every
few days. Of course, there is lot OF
this trading but the number of mar
gin traders has not increased with any
unusual rapidity during the past
month or two in most offices.
Traders at the opening today saw
stock quotations higher than they
closed Saturday. Volume in the early
transactions was slow. Attendance
continues to be very much larger than
It was few weeks ago.
Trading on d. C. Exchange.
The weeks trading on the Wash
tngton Stock Exchange opened with
10 shares of Mergenthaler Linotype
changing ownership at %, against the
last previous sale at 25la, making a
gain of 212 points. This stock has
been quiet for several weeks, but &C.
tivity in it may pick up as the time
for the annual report approaches.
Capital Transit stock also appeared
on the board today, a small lot selling
at 1872, maintaining the stocks re-
cent advance. Today's final bid was
18, with 10 asked.
Norfolk g. Washington Steamboat
Co. stock figured in a small sale at 80,
an advance since the last previous sale
at 881s. 1t was the highest the steam
boat stock has sold this year, having
moved up from IS as the low mark.
Capital Traction SIS were the only
active bonds in the market today Two
$1,000 transfers took place in this is
sue at 9634, same as price as was re-
corded in several sales last week.
A.