Evening star., 1936-07-28
CAPITAL TRANSIT
EARNINGS DOWN
Net Off 95 Per Cent in Half
Year, Including Sharp
Drop in June.
BY EDWARD C. STONE.


revenue passengers the company car
ries, the smaller the net income. In
the first half of 1885 total net IN
come amounted to only $24,ll5'3o'
against $500, ,89S93 in the like period
in 1895. a decrease of $478, 1885 or
e5 per cent.
Operating revenues in the SIX
months totaled $5,l20,484.O4, an In
crease of S499, ,147.55, or 1913 per cent.
In the face of this substantial galn'
onerating expenses called for $4,799,-
1891, an increase of S934,4oS.o3 or
"a per cent. While taxes were S7,ooo
lower than last year. depreciation was
I'm s1e1 ,264O5, or 81 per cent in the
six months.
Net income from operating totaled
1920 e5o.13, a slump of S435,3ll 80
mr. 81 per cent. Incorporating income
stood around $4,000, against S77,OOo
wear ago, a difference of $49OOO.
Gross totaled S349,04211, as COM
nared with S834,110.75 in the nrse
half of 1885, a decrease of S485 ,O68.o4.
Deductions from gross amounted to
s324 826.73. leaving the above-stateo
heavy drop in net income.
revenue passengers in the SIX
months totaled 84,394,o19l, in COM
narison with 747O5,26l in the first
half of 1885. an increase so lar tnls
wear of e.688,75S, or l3 per cent.
lime Net Also Much Lower.
The figures for June. also filed with
Si
revenues 1901 809.73. which was an
increase of 83544l5 over June, 1889
or 1o2 per cent. At the same time
onerating expenses amounted to S8l6,-
a2744. an increase of Sl61.l53.05' OF
a lump of "a per cent. The item 1or
labor alone in June stood at soi, ,IIo.n.
operating income totaled $84 ~.
against s162,59l99, a decrease Oh
77,6os.70, or At per cent. Gross was
$4,000 lower than in June year ago,
while deductions from gross amounted
to S54 .642 SIS, leaving a net June m
come of s34,7Oe93, against sl2o,-
o2450 in June, 1885, drop OF
ss5.51457, or II per cent.
Revenue passengers numbered IA
s04 564 in June this year. compared
with 12.868, ITO year ago. gam OF
1737S54. or 1875 per cent. Venice
miles operated were up 1874 per cent
over June, 1885, the report states.
The transit company sold an aver
age of more than 10000 passes a
week during the month. For the week
ended June q the company noted
cain of 70 per cent in the number
of S1.25 passes sold.
The company's report calls special
attention to the fact that wages and
salaries reached a new high mark in
June, S474559.22, representing %
per cent of the operating revenues.
For the first time the Capital Tran
sit report includes the earnings OF
the washington Rapid Transit Co.,
the bus company which has gone out
of existence and become a part OF
the transit company through pur-
chase and consolidation.
Savings Banks Prosperous.
Deposits in mutual savings banks
of the United States crossed SlO,OOO'-
100000 on July /, a matter OF Slo'-
Ooo.OO less than the all-time RECORD
established in 1882. The exact figures
were s1O,020,013,775. In Is OF the
1s States where mutual savings BANKS
operate there was a consistent rise
of deposits in the first half OF 1885
Massachusetts led with gain OF $32,-
71e.724, followed by New York with
SAL 1924, and Connecticut, s10,-
243.14e. The gain for the half year
IN all of the States was $l02,200'723'
or more than twice the increase IN
the last six months of 1885.
In the first half of 1886 depositors
Of mutual institutions also grew IN
numbers, the increase of accounts
amounting to 262,235, bringing the
total to a new record Of 14,340,0 ,047.
This was substantially higher than
ever before in the 100 years of mutual
savings banking and the rate OF in
crease also rose above that in the last
half of 1885. Massachusetts, again
led with a gain Of 89,146 depositors,
New York was second with 69,394,
and Connecticut third, 33,l42.
MARYLAND Business Booms.
J. w. Mehling, secretary OF the
MARYLAND Council of Retail Mer-
chants, reported to national headquar-
ters here yesterday that practically all
factors having an influence on general
business in Maryland indicate con-
tinuance of the upward trend in re-
tail trade. He explained:
The Bethlehem Shipbuilding Co. al
Sparrows Point, Md, has at this time
the largest monthly pay roll in the
history of the plant. Other industrial
plants are rapidly approaching this
same experience in employment.
Building operations are increasing
to such an extent that they are almost
of boom proportions, with building
costs only slightly lower than in 1929
More and more employers are CON-
planning of the scarcity of skilled
laborers. competent office workers anc
practically all classes of employees, ex.
cept the unskilled and inexperienced.
Auto Financing Up Sharply.
The dollar volume of retail financing
of new passenger automobiles show:
an increase of n per cent for the
month of June as compared with June
1895, and an increase of 80 per CEN
compared with June, 1884, accordine
to preliminary estimates by the De-
partment of Commerce. As compared
with May, 1886. there was an increas,
Of IL per cent
The aggregate volume for the frs
six months of this year was so per cen
above the first six months of 1885 ans
"a per cent higher than for the CORE
spending period of 1894. Severa
Washington banks have taken NOR,
interest this year in handling automo
bile paper than they ever have before
These officials said today that thei
business in this line had shown con
siderable expansion.
Today's Trading on Exchange.
Two 81, 900 sales in Capital Traction
6s opened business on the Washing