Evening star., 1937-05-28
TRANSIT EARNINGS
SHOW RECOVERY
Change From Deficit tc
Profit Side Regarded
as Good Sign.
BY HAROLD ROGERS.

BY HAROLD ROGERS.
Net income from operations of the
Capital Transit Co. for the first four
months of 1887 after all charges
showed a gain Of s32,316, as COM
pared with loss of $5O,8l5 for the
comparable four months of 1896, ac-
cording to the report of the company
iled today with the Public Utilities
Commission.
While the item of earnings after
'ond interest, depreciation, taxes, ETC.,
mounting to $32,3l6 is not impressive,
he fact that it compares with a
leficit for the same period last year
hopeful indication for several
thousand stockholders in the COM
oany here.
This change from a deficit to a
.rof1t is noteworthy in view of the
act that 1t was accomplished in the
ace OF substantial increases in the
tens OF taxes and depreciation.
These two items were $4,000 greater
turing the first four months of 1887
han they were during the CORE
'pond1ng four months of 1896. Also,
here was wage increase amounting
o approximately $4,000 a month
which became effective April /, 1887.
The operating improvement, there
ore. for the four months was
5l06,0OO.
Operating revenues, plus non
peratlng income for the first four
months OF this year, stood at $685.
'O7. as compared with $3,356,917 for
he four months of year ago. These
igures show improvement of $83,l3l
yer the same four months year ago,
tespite the fact that S55,OO0 addi-
ional taxes and $4,000 additional
,epreciation were absorbed during the
our months ended April 30, 1887.
Net earnings from operation, before
interest on funded debt and provision
or depreciation, showed a gain from
'487, 500 for the month period
ast year to $611,274 for the first four
months this year.
Operating revenues of the company
howed big jump from S875, ,384.51 in
\pril, 1886, to s955 5,208.34. in April,
s37, an increase of s7s,S23.83, or 81
er cent.
Net income for the month of April
lcreased from S33,84716 in 1886 to
34.829.84 in 1887, a gain of 90 per
mt
Operating revenues for the four
lonths increased from S3,337,837.O1
! the 1896 period to s3,647. 7.O36.70 in
le first four months of this year. q
ain Of 93 per cent.
C. & P. Phone Net Down.
Operating revenues of the Chesa-
cake & Potomac Telephone Co. for
lpril, 1887, were s951, ,42s, according
the report Of operations filed with
ne Public Utilities Commission. Ex-
enses, including taxes and deducting
ct incorporating income, amounted
$769,600, leaving a balance, before
ividend, of s181,828 Taxes for the
.lonth were $82,232.
Washington was served by 219,389
telephones on April 80, 1887, a net
ain Of 1884 telephones over the pre-
ious month.
The cost of telephone plant in
ervice in April was $40,133, ,742, ac-
ording to statement of Charles A.
Dbinson, general manager of the
ompany. Telephone users in Wash
,gton made 26,312,o00 calls during
le month, as compared with 1885,
DO during the same period last year.
Net operating income showed fall
lg of from $7S4,9l8 for the first four
lonths of 1886 to $762,800 for the
.rst four months of this year.
A. I. B. Plans Revealed.
Washington delegates to the annual
invention Of the American Institute
Banking section of the American
ankers' Association in st. Paul, Mimi.
une to II, are looking forward to
'rogram, characterized by national
eadquarters in New York as ''provid-
lg speakers of national prominence,
nd full discussions of banking prob
MS"
Tom K. Smith, president of the
merican Bankers Association, will
,eak on adult education. Smith ad-
essed the annual convention of the
istrict of Columbia Bankers Asso-
alton at White Sulphur Springs yes
,rday.
Right Rev. James E. Freeman,
Hishop Of Washington, will address the
\. T. B. ON Listening in Crisis"
Among outstanding events will be
10 national public speaking contest
une 7 for the A. P. Giannini Educa-
onal Endowment prizes on the sub
,ct "IS the Decline in the Proportion
Commercial Loans to Deposits a
ornament Condition and Why"
Entertainment Varied.
A varied entertainment program has
cen planned. Delegates are to be
aken on sightseeing tours of the twin
tiles, with visits to the new $4,000 900
t. Paul City Hall, beautiful Mime
aha Falls. made famous in Long
ellow's "Hiawatha," and the stately
Minnesota Capitol Building situated
q hill overlooking downtown st.
PAUL.
The excursion steamer Capitol,
,argest stern-wheeler on the Mis-
,issippi, has been chartered for an
1ternoon cruise down the river, during
which the delegates will have an op-
)ortunity to view Government flood
ontrol projects and the large dam
md locks at Hastings, MINI.
On still another occasion they will
"a taken to historic Fort Smelling for
special review Of crack Sd Infantry
roops and other United States Army
units stationed there.
Growing feature Of the convention
entertainment program, however, will
oe gala Midsummer ice show to be
staged in the municipal auditorium.
Invited to appear on the colorful pro-