Evening star., 1936-01-31


operating expenses jumped % per cent,
requiring $7.102.264.30, an increase of
&l,330,85695. Taxes took $587, 1906,
. decrease of $22.4l360, but deprecia-
ton called for S783. 1883, an increase
during the year Of $l93,904.27, an up
turn of 80 per cent.
Total operating expenses, taxes and
depreciation were 81 per cent above the
previous year, the total of $8472, ,773.24
being an increase of 1902, BAT So,
leaving a drop in income from opera
tions of $685. ,948.54, or 21.6 per cent.
Non operating income in 1885 was
more than $4,000 lower than in 1884
and deductions from gross were up
$24.442.49. The number Of revenue
passengers reached 152.09l,7l3, gain
Of 20,660 ,567, or is per cent.
December Reveals Deficit.
The December report, also filed to-
day, showed Capital Transit operating
revenues at 1886, ,481.36, an increase
Of $6S,533.55, or nearly 10 per cent.
In this month operating expenses
called for $655,807 a jump of
el25,S4236, or % per cent. Taxes of
$49,61684 were IL per cent lower than
In December, 1884.
Depreciation totaled $84.6l6.84,
against $49. 9.345.75, an increase of $685.
1887, or II per cent. Total operating
expenses. taxes and depreciation.
showed a "a per cent advance, leaving
an operating income of $46,397.75
compared with the very much higher
figure a year ago of $l3l, ,754.47 and
resulting in a decrease of $85,356.72,
or 64 per cent.
incorporating income was $9,348
lower than in December, 1884, and
gross was $4,000 lower The usual
deductions from gross totaled $751;
O8233, leaving a net deficit in Decem-
ber of $2,437.97. against net profit
in December year ago amounting
to $89,21091. Revenue passengers in
December totaled 13,402.210. an in
crease over December, 1884, of 983, ,748,
or 70 per cent.
Lands Bond Club Speaker.
Chairman James NJ Lands of the
Securities Exchange Commission will
address the Bond Club of Washing
ton as the guest speaker at luncheon
on Thursday, February 13, James H.
Lemon, the clubs president, an
nounced today. The meeting will be
held at the Racquet Club.
Presidents of all the Washington
banks have been invited to attend the
luncheon and other guests include
several leading officials in the f1nan-
cial department Of the Government.
According to present indications, there
will be about 1875 financiers and others
present.
It will be the first luncheon the
Bond Club has held this year. Com
missioner Lands has not yet an
nounced the subject of his talk, which
is being awaited with great interest
in the financial district. AS head of
the Securities Exchange Commission,
he is in the closest possible touch with
matters of great import to bond
dealers, bankers and brokers.
C. & p. Net in Sharp Rise.
The Chesapeake g. Potomac Tele-
phone Co.'S balance before dividends
in 1885 totaled $l,9l2,829 in COM
parison with $3.50, 0,640 in 1884, sharp
increase of 1892 2,189, according to the
annual financial report filed with the. !
Public Utilities Commission today.
Operating revenues totaled $10,-
66,522 against $8,783,702 operating
expenses amounted to $7,153,484, COM
pared with $6,866,650. while net oper-
ating income stood at s$2,913,038
against $308,976. Interest deductions
required $267,041 against 1929, ,418 last
year.
The advances were due to marked
improvement in business conditions in
this territory. Washington was served
by 201 1884 telephones on December 81,
1885, as compared with 189,017 on the
same date in 1884, net increase of
1887 telephones. Phone users in
Washington made about 257,70O000
calls in 1885 against 238 $500, ,000- in
1884.
The December report, also filed to-
day, showed net income of $159076,
. substantial gain over last year. Oper-
attng revenues were far ahead OF
December, 1884, and expenses were
kept well in hand being only mod
erately larger. Telephone calls in
December were about 23,OOO,OO COM
pared with about 21,0OO,000 in the
same month in 1894.
d. c. Bank Clearings Higher.
Business in the Capital got away to
q fine start in the first month of the
New Year, according to the report on
bank clearings made by the Wash
ington Clearing House Association
this noon. January clearings totaled
$4,000, ,549.44 against $69, ,566, ,923.40 in
January, 1885, gain of $17,423,626.
A substantial jump over the Janu-
ary, 1885, figures was expected. but
comparison with the previous month
Of December furnished surprise,
clearings in December, 1885, totaling
$s6,978, ,s63.63, q slightly lower figure
than the January return. Usually
there is q lull after the holiday rush
which makes the January cancelled |
check total lower than the December |
summary.
Clearings were far ahead of the |
January figures in 1884 and 1888 and
were almost up to the January, 1882,
report of $92,855, ,736.29.
Today's Trading on Exchange.
Riggs National Bank common stock
sold at $40 on the Washington Stock
Exchange today and American Sc
curity & Trust Co. stock appeared
on the board at 233. Both were very
small sales.
Mergenthaler Linotype again sold at
~, maintaining its recent rise. Final
bids was 46h, with ~ asked. Capital
Transit moved at 13 and 1914 and
Potomac Electric Power 6 per cent
preferred at l1lh.
Anacostia d Potomac r. r. IS
changed hands at 82% and Capital