Evening star., 1936-04-27


with the Public Utilities Commission
today At the same time operating
expenses mounted 259 per cent, stand
ing at s659 10l.l9. against S523,6S8.45
in March. 1885. an increase of Sl35,-
4l2.64.
Taxes required s53,74169. against
s54.465 Sc Depreciation totaled $751;
972.52. against S50,666.02 year ago,
an increase of more than $3l 900, or
e1.8 per cent. This left total operat-
ing expenses, taxes and depreciations
at s7e4815.30, as compared with
s628.82013. an increase of Sl65, 1857,
or 26 per cent, and leaving an operat-
ing income of S44.11267. against
s129 1862, a drop of $85273.95.
incorporating income was slightly
lower, bringing gross down somewhat
under the operating returns, from
which the usual deductions for bond
interest we're made. Revenue passen-
gers carried by the transit company
in March totaled l4252.80l. COM
pared with l2,493 1913 year ago. up
l.759403 or l4.l per cent.
For the first quarter Capital Transit
reported an increase of 1858, ,77358
or IL per cent in operating revenues,
which was more than offset by an in
crease in operating expenses, taxes
and depreciation of S488,53586 or
256 per cent and leaving a decrease
Of more than S224,0OO in operating
income, or 77.6 per cent. Net income
went into the red SS466235 against
net profit in the first quarter of
1885 of sl62,8152l. or a total differ
ence in earnings of S247, ,477.59 during
the two comparative periods.
Revenue passenger traffic jumped
12l per cent. totalling 40.506.788 this
year and a gain of 4,359.190 riders
over the first three months of 1885.
Chandler Bullock in Capital.
Chandler Bullock, president of the
State Mutual Life Insurance Co, Wor-
cester Mass. aud one of the best
known life insurance men in the
country, is in Washington to attend
the National Chamber of Commerce
Convention. He is national councillor
from New England.
Mr.. Bullock has been head of his
company since 1927, He Is a son of
the fifth and grandson of the third
president of the company which OBJ
tanned a charter in 1874 and is now
rounding out its ninety-second year.
During his stay here he will be fire.
uuent visitor at the Company's local
Offices, where MeSsrs, wilmer & Wilmer
operate as general agents in this terri
tory
The New England visitor is very
cheerful over the business outlook.
Basing his views on the large mount
OF new insurance now being written.
he declares that general bushes con-
ditions are improving steadily.
Maryland Bank ASsestS Up.
Aggregate resources of the insured
commercial barks in the State of
MARYLAND stood at S568,82l 900 on
December 81. 1885, according to an
abstract of their condition released
by the Federal Deposit Insurance
Corp. Assets in this amount repre-
Sented an increase of rs per cent over
the figure shown on December 81,
1894.
Of the assets reported at the end
of 1885. s125834,0O0 were beirg held
in cash. as cash items in process of
collection or as balances with other
banks. s16,949,000 was shown to be
invested IN securities fully guaranteed
by the United States Government and
sl96. 726.000 in United States obli-
cations.
Total deposits we're S5020l9,000. an
increase of 81 per cent during the
deposits we're 1882, sol 900 and time
deposits. s17S,839, 900.
Mackall Firm in New Offices.
William w. Mackall, jr dealer in
investment securities. opened new and
much enlarged offices in the Wood
ward Building today. The staff re-
ceived many congratulations. The firm
has been in this building for years and
has enjoyed steady business growth.
w. w. Mackall is a member of the
Washington Stock Exchange and is
serving this year as treasurer.
The Baltimore e. Ohio Railroad re-
ported drop of 50 1863, 1877 in net rail-
way operating income in March, COM
pared with March. 1885. and a slump
of sl,769,570 in the first quarter. The
floods were the main cause of the poor
showing In March. freight income TAX
Ing a tumble with operating expenses
going up.
Arthur N. Miner has been appointed
agency organizer of the Washington
branch of the New York Life Insur-
ance Co. He has been connected with
the company for eight years in Wash
ington and Baltimore. In his new
position he will secure and train the
men entering the company's service.
Cooling Systems Planned.
The John r. Thompson Co.. ma
tional restaurant system. will install
conditioning systems at once in
two of its Washington restaurants.
one at Ninth and E streets and the
other at 1109 Pennsylvania avenue, it
Is announced by the Chicago head
quarters of the company.
The Securities and Exchange Com
mission has ordered that the pro-
posed issue by the Georgetown Gas
Light Co. of S128,000 mortgage bonds
be exempt from provisions of the
utilities act.
Similar orders were issued on the
s78,700 mortgage bonds of Rosslyn
Gas Co. of Virginia and for the s827.-
700 mortgage bonds of Prince Georges
Gas Corp. of Maryland. The COM
mission found that the applicants
we're subsidiaries of registered hold
ing companies.
Today's Trading on Exchange.
Capital Traction SIS opened the
weeks trading on the Washington
Stock Exchange today. The bonds
were strong. one 81 900 and two $500
transfers taking place at 90A.
The market was very quiet, the only
other transaction for the day being in
Potomac Electric Power 51s per cent
stock, which sold at 11115. UNCHANGED