Evening star., 1936-05-26
v. R. I. EARNINGS
GA|NM0DERATELY
Further Increase in April
Revealed in Report to
Commission.
BY EDWARD C. STONE.

by the Washington Rapid Transit Co.
In the financial statement filed with
the Public Utilities Commission.
Operating revenues amounted to
$5o,s71.56, an increase of s5,196.2l,
while operating expenses called for
s37,5ll.77, also an increase of
s4,409.3 .3S, leaving an operating income
of $12,35s.79, gain of s786.83.
Gross was practically the same as
the net from operations. Deductions
from gross totaled $1.77262, leaving
q net income in April of S10,65769,
against Se,85396 in April, 1885. an
advance OF $8O373 for the month.
The company also fled returns for
the first four months of this year,
showing operating expenses of sl75,-
se399, a gain of $23,797.62 over the
like period in 1885 Operating ex-
penses required $147,509.12, an in
crease of Sl6,85382.
Net income from operations reached
the sum of S28,18487. an advance OF
S6,943.80. Deductions from gross
called for S7,110.20, leaving net reve-
nue. for the four months of S2l ,353.49,
as compared with s14,173.27 year
ago and a gain Of $7,18022.
The report shows that the higher
net income than year ago was due
to an increase in passengers carried
on the companys buses and also to
the fact that while expenses were
higher they were not permitted to
rise as fast as operating revenues.
1887 Session in Capital.
The National Safe Deposit Conven-
ton will meet in Washington in 1887,
1t was announced today on the return
OF delegates from this years session
ut St. Louis. Albert E. Fisher, chair
man; Richard E. Harris, past chair
man, and Helen r. Sharpe, secretary.
represented the safe deposit section
of the District Bankers Association
ct the st. Louis conclave.
They reported large attendance
and we're impressed by the interesting
addresses and open discussions. They
were much pleased that this impor-
tant meeting will be in the Capital
next year.
ID. C. Sales Gain Lead.
Department store sales in Wash
ington during April and the first four
months of 1886 showed the largest
gains over comparable 1885 periods in
the fifth Federal reserve district, ac-
cording to the Richmond Reserve
Banks report received here.
The gain here in April amounted
to 81 per cent, while the four months
increase was 1913 per cent. The April
gain for the entire district was SO
per cent, while the four months mar
gin was per cent.
Richmond stores showed a gain of
5.3 per cent in April and 84 per cent
for the four months The April in
crease at Baltimore was "a per cent:
the four months gain 5.4 per cent.
The number of times Washington
stocks were turned during April was
estimated at 1893. The four months
figure was placed at 1886. Estimates
for Baltimore were .338 and 1196; for
Richmond, .307 and 1904; for other
cities, 1897 and 1.184; for the entire
district, 1853 and 1275.
Washington stocks showed a gain
In April of 81 per cent over a year ago
and four month increase of 81. The
Richmond total for April was 1871 per
cent above April 1885, while the four
month gain was IL per cent. The
Baltimore gains for April and the four
months were 81 and % per cent.
Average gains for the district were 6
per cent and 81 per cent.
Richmond led the district in per-
centage of receivables collected in
April. The Richmond figure was placed
at 3o.6, Baltimore at 290, Washington
at 270, other cities at 297; entire dis
trict, 282.
Women Form Section.
At a luncheon meeting held yester-
day at the La Fayette Hotel "a woman
underwriters organized the womens
section of the National Life Under
writer's Association for the District Of
Columbia.
Miss Sarah Frances Jones of Chi
eago, who is national chairman of
the Woman Underwriters Committee
Of the National Association, outlined
the proposed activity, for the section
for the year. Miss Jones is a million
dollar personal producer.
Miss Alma McCrumb, agent for the
New York Life Insurance Co., in Wash
ington, was elected chairman of the
women's section and will be in charge
of the women's activities for the en-
suing year.
Bank Stocks Climb Rapidly.
National Bank of Washington stock
figured in a 1o-share sale at 1927
on the washington Stock Exchange
today, up 2l2 points over the last
sale and 9l2 points over the last sale
previous to that one
National Savings g. Trust sold at
125, a Jump of almost Is points over
the last previous sale and a new high
for years.
Capital Transit opened the market
with six 10-share sales, all at 1874,
followed by 40-share sale at 1917,
once more touching the low for the
year. The only other stock sale was
single share of Riggs National Bank
common at 265.
Potomac Electric Consolidated SIS
opened bond trading, $1,000 changing
hands at 100. Washington Gas IS,
1860, sold at 119 on a 81 900 transfer.
Economic Gains Aid.
A 43 per cent increase in member
ship during the first four months of
1886. as compared with the same
period last year. is reported by George
z. Keneipp, manager of the keystone
Automobile Club.
The club, which recently took over
the entire building at 1643 Connecti-
cut avenue to house its expanding ac-
tivities. has shown impressive gains
each month since the beginning Of
the current year. Increases during
the past month were greater than in
any single month since the clubs
inception, except August, 1885.
Continued economic stability and
T. 4