Evening star., 1936-08-30
Pay Roll at AII-Time Peak
of $493,762 in July,
Statement Reveals.
new EQUIPMENT BOOSTS
DEPRECIATION ACCOUNT
Months Profit Shows Decline Of
1885 Per Cent, Compared
With 1885 Month.
BY HAROLD B. ROGERS.


continues to show an increase in the
number Of passengers carried, and in
passenger revenue, expenses have
risen to such amounts that the net
income for the company during July
showed a decrease of 1888 per cent.
This is shown by condensed COM
parative" statement of operation sub
mitted to the Public Utilities Commits
sion yesterday including reports of
operations for the former Washington
Rapid Transit Co. in both July, 1885,
and July, 1886.
This was calculated to make the re-
ports comparable, because the opera
tions formerly carried on by the WASH
ington Rapid Transit Co., which was
merged with the Capital Transit Co.
June II, 1886, were not included in
the old regular company's statement
for July, 1885, a period before the
merger.
S19,080 Deficit Seen.
Operations of the company for the
month showed deficit of $19,080.44
as compared with a net income of
$81 ,050.79, in July, 1885, a decrease
Of $100,13123.
The new high in expenses was
largely accounted for by wage rates
and depreciation accruals. A large
part Of the increase in labor cost, the
commission was informed, sis due to
the increase in wage rates granted by
arbitration in August, 1885"
Some of the wage increase also is
Known to be due to the extra work
occasioned by track reroutings, and
changes following the original merger
of the Capital Traction and Washing
ton Railway & Electric Cos.
The net income as shown in the
regular report of the Capital Transit
Co., without adjustment to include
the change made by Washington
Rapid Transit, showed still greater
decrease of 124.1 per cent.
Heberle Issues Statement.
J. E. Heberle, vice president and
controller of Capital Transit, issued
special statement in connection with
the oficial report.
Passenger revenues" he pointed
out were s844,66 in July, which
was $6s,S0S.76 or SO per cent greater
than for the same month year ago.
Operating revenues of ss74129.86
showed an increase Of S59,889.88 or
"a per cent over July of 1885. The
increase in operating revenues is
smaller than the increase in passenger
revenues because certain miscellaneous
revenues were s8,918.88 less than
year ago.
Operating expenses were S702,-
B55.42, as compared with s581, 1921
a year ago. This is an increase of
e120.56331 or POT per cent. of which
s85, 1929 was in wages and s35, ,370.42
In other costs.
Wages in operating expenses
reached new high of s493, 1927, as
compared with $408,56938 in July,
1885. Increases in wage rates ac-
count for $5S,081.57 of this difference,
an increase in the number of employees
accounting for the rest of the increase.
Taxes were s530O6.94, a decrease
of $l,24433 or 2.3 per cent under
July, 1885. There were general in
creases in the taxes paid by the COM
pany excepting Federal income tax,
which showed a decrease because of
the reduction in net earnings.
depreciation accruals were $685.
64s24 or s33.022 greater than in
July, 1885. This increase is due in
large part to the substantial increase
in the number of buses.
Incorporating income of $4,297.89
was $6,660.55 less than a year ago,
due In large part to loss of interest
ancome on investment securities sold
to provide funds for additions and
betterments.
Interest and other deductions of
e56,597.59 were $999.58 or 1.8 per
cent greater than a year ago.
Average Fare Down.
The average fare per revenue
passenger in July, 1896, was 5.s4 cents,
as compared with SOB cents a year
ego.
1.-The average fare per total passen-
ger, including transfers, was 4.43 cents,
as compared with 448 cents in July,
1895.
Revenue passengers were 14,228,245,
an increase Of 1,3701l3 or 10.7 per
cent.
Total passengers including trans
fers were 19,053,551, an increase of
i,733.s50 or 10 per cent.
Car and bus miles operated were
2.641 ,730, an increase of 214.I27 or
6.8 per cent.
The average weekly passes sold was
76,7oo as compared with 6s,4oO in
July, 1885, while the $1.25 passes repre-
scented about IL per cent of the total
number sold.
The special comparative statement
OF July operations" in part, follows:
Pass aass 80 s94g.s5s }Hlg. lsss s
Other operating
reyenues------ 29,465.47 3s.3s435
Total operating
revenues SO ss14,2aees
operat. expenses -s7o2.355.4e 1851. 7e2.11
Depreciation - s5.54s.S4 55,52624
Total operating
expenses,
taxes and de-
probation ---Ss4O.910.60 S6ss. $40 e2
co