Evening star., 1936-11-27
TRANSIT EARNINGS
CLIMB IN MONTH
October Profit of $40,335
Compares With Only
$23,092 in 1885.
BY EDWARD C. STONE.

Public Utilities Commission this noon.
Total net income amounted to
$40,335.19 in comparison with $685.
o9236 in october a year ago, a gain
of s17,242.83, or IA per cent and
substantial improvement over the Sep
tember report.
Operating revenues totaled $685.
s25.s5, an increase of $99,219.32 or
11.8 per cent. Operating expenses
also mounted, reaching $500, ,692 SO, an
increase of s65,2O5.67 or 1913 per cent.
Taxes called for s6l,314, up over
8 per cent from the like month last
year and depreciation totaled $685.
109.42 which was $8,55l 06 more than
a year ago. Operating expenses, taxes
and depreciation together were $78,-
960.65 higher than last year, an in
crease of 10 per cent.
Operating income after all deduc-
tions totaled $90,70972 against s70,-
451.05 year ago, gain of $40, ,258.67.
Passenger traffic continued to gain
rapidly, street cars and buses carry
ing 15,345,10l revenue passengers in
cent over October of last year.
Net income for the first 10 months
of this year went into the red by
S3,085.48 against net profit in the
came 10 months in 1885 of S374,-
665.28, a difference of more than
S377,000. This is a drop'in earnings
OF 1908 per cent, the report states.
Christmas Club Checks Drawn.
Washington bankers reported today
that checks are all ready and will be
distributed in less than week to the
more than 77,000 members of the
Christmas Savings Clubs which have
flourished in the Capital during the
last year.
Sending out of these checks means
the payment of over s6,000,000 in this
city alone in Yuletide funds. Bank
FRS who have made close study Of
the Christmas savings plan and the
way the money is used say that a ma
11ority of it finds its way into Christ
mas trade in one form or another.
In the past some Christmas saw
.Ings funds have been plowed right
back into permanent savings, boost
ing the permanent deposits of many
individuals. But the main idea of the
Christmas Savings Club membership
has been to supply extra money for
holiday buying, and it Is largely en-
ployed for that purpose. For that
reason, it is claimed by local finan-
ciers, the larger part of the s6,0OO.00O
will be spent before December Is.
While the Washington funds are
being distributed, the South Atlantic
States, which include territory from
Delaware to Florida, will pay out s32,-
100000. or thereabouts, provided
members kept UP their payments
throughout the year.
The new 1887 clubs will be opened
In the Capital next Tuesday in most
of the banks of the city. The estab-
1Shed popularity of the clubs means
that another very substantial amount
will be set aside during the next IL
months.
Pepco October Net Mounts.
The October financial report of the
Potomac Electric Power Co. filed to-
day with the Utilities Commission
showed net operating revenues of ST.
P02,322.12. an increase of S1o3. .784.84
over October 1885, or 9.45 per cent.
Revenue deductions for operating
expenses called for S714,31484, an in
crease of S49.372.13, or TAB per cent
over last year. After all other deduc-
tons, Potomac Powers October net
income stood at s415,9724e, an in.
crease over the same month last year
Of s71.370.64. or 20.71 per cent.
Operating revenues in the first 10
months of 1885 totaled 1850, ,285.14,
an increase Of S810,52469. or TAO per
cent over the like period in 1885. At
the same time revenue deductions re-
luired S7,070.791.22, an increase of
1854, ,142.43. or SGT per cent.
After all deductions for interest
payments from gross, the power COM
pany reported net income during the
10 months of S3,743,1055 revealing
, gain Of $453 3.o84.04. or 1877 per cent
pver last year.
Stuart Heads Insurance Club.
Announcement was made today by
the Connecticut Mutual Life Insurance
Co. that Roger M. Stuart of WASH
tngton has been named president of
the Companys One Hundred Thou
sand Dollar Club.
Mr.. Stuart has been accorded this
honor as result of placing more life
insurance than any of the other ITO
members of this club. membership in
which is based on outstanding per.
formance in the sale Of new life in
surance. Mr.. Stuart Is associated
with the John l.. McElfresh agency of
this city.
The Connecticut Mutual also an
hounces that the McElfresh agency
has paid for go more business during
the hrst ten months of this year than
during the corresponding period last
gear.
Today's Trading on Exchange.
Washington Gas IS, 1858, sold at
t0712 on the Washington Stock Ex-
change today in two $1,000 transfers.
Capital Traction SIS appeared on the
board, $1,000 moving at SO. Capital
Transit stock came out in 35-share
turnover at 14&, off fractionally from
the last sales. Peoples Drug Stores
preferred has been added to the stocks
now quoted ex-dividend.
H. Prescott Galley. president of the
National Savings & Trust Co., who is
also president of the Chevy Chase
Club, has made official announcement
Of the clubs plan to redeem $341 900
Chevy Chase Club 5l2 per cent gold
bonds on January l at 102 and ac-
crued interest. After that date all in
terest ceases. The bonds should be
presented to the American Security g.
Trust Co. for payment.