Evening star., 1937-03-18


~ r,r,v the new high rec
ords established in
their electric operations, President
Fogarty stated. Consolidated output
and revenues of these subsidiaries for
1886 were we'll ahead of 1885, as well
as of the previous peak, which occurred
In 1929-193O
The consolidated income statement
shows that total operating revenues for
1886 amounted to S1l5,897 ,3l2, an in
crease of $8,867 $40, or 8.29 per cent,
compared with 1885 Electric revenues
alone were S91 ,042 1884, an increase of
s6.949711 or 8.26 per cent Trans
portation revenues amounted to S10,-
63,107 or more than per cent greater
than in 1885.
Gas Revenues Also Higher.
Gas revenues amounted to S4,164,806
and steam heating revenues to $780,
S28, increases of 1853 per cent and
6.68 per cent, respectively. Operations
Of the coal producing subsidiaries
showed marked improvement with
revenues of $5,l84 546, an increase of
1926 per cent, while miscellaneous
operating revenues amounted to ST.
S05,34l an increase of 1854 per cent
Operating expenses, maintenance
and taxes for 1886 amounted to $685.
S42,829, an increase of S6,239,936, or
1895 per cent.
The North American Co. on Decem-
Der 81, 1886, owned 1.3 per cent of the
capital stock of Capital Transit Co.
Washington Railway & Electric Co., a
consolidated subsidiary, owns SO per
cent of the capital stock of Capital
Transit Co.
The consolidated balance of net in
come of Capital Transit Co. and subsi-
diaries applicable to the holdings of
North American and Washington Rail-
way & Electric amounted to S14,920
for 1886, as compared with S194,O67
for 1885. An increase of 1928 per
cent in the operating revenues of that
company was more than offset by in
creased operating expenses, in addition
to which larger appropriation for de-
probation reserve was made in 1886,
she appropriation for 1885 not having
been considered adequate
Insurance leader Is Years.
Samuel G. Keery, superintendent of
Washington No district of the Pru-
Dental Insurance Co. of America, has
just completed 25 years in the insur-
ance business. The head Office at
Newark today presented him with an
emblem of the Prudential Old
Guard" other agents, superintendents
and friends taking part in the cere-
,nony.
Supt Keery began his career in
Harrison, N. j., and one year after
his enrolment he was promoted to
the position of assistant superintend-
ent at Elizabeth, N. ]. In 1915 he
was transferred to a Newark Office,
and three years later assigned to the
home Office staff. On December 7,
1925, he was appointed a special as
sistant superintendent in Washington,
and in 1926 was promoted to his pres
ent position.
He Is member of the Washington
Board of Trade and the Masonic
fraternity.
Rural Store Sales Advance.
Daily average sales of general mer-
chandise in small towns and rura
areas for February we're about 1112
per cent higher in dollar volume thar
for February, 1886, and we're 1411a pei
cent above those for the same month
of 1885, the Bureau of Foreign ano
Domestic Commerce reports. Sales TO,
the first two months of the year were
about II per cent above those for the
same period of 1896.
New life insurance written during
February increased rs per cent ovel
the like 1886 month, totaling $711,.
$4,000, compared with $661 1854 900 r
the corresponding month last year.
The total for the first two months
of the current year was 80 per cent
over a year ago, amounting to ST..
382 ,1ol, 900, against ST ,396,o00 il
1896, according to figures received b,
the Association of Life Insurance Pres
idents from companies having 83 pc
cent of total life insurance outstanding
In all United States legal reserve com
panies.
Cost Experts Hear Person.
More than 100 members of Wash
ington Chapter, National Association
of Cost Accountants, attended tn
March meeting at the Hamilton Hote
last night, when DR.. Harlow S. Person
consulting economist of the Rura
Electrification Administration, was tn
guest speaker. He spoke on Cos
Factors in Power Administration" {
Milton Clarke, president of the chap
ter, presided, dinner preceding tn
address.
Washington's Junior bankers in tn
American Institute of Banking wi
have a bowling tournament Saturda,
George M. RoWZee, jr., of the Lincol
National Bank is chairman Of tn
Athletic Committee handling tn
event. His assistants are James 1
Bruen, Morrell S. brennan, Geore
Gallaher, w. L. Grimes, jr.; M.
Handy, H P. Hoffman, jr.; A.
McAllister, S. o. Porter and Ross
Totten.
Today's Trading on Exchange.
Washington Railway & Electric pr
ferred stock opened at 10934 on tt
Washington Stock Exchange toda
advanced to 110 and closed at l093
Washington Gas Light SIS, 1860, fl
ured in four 81 900 transfers at 12l,
substantial advance from yesterday
sales at 11934. Other bid and ask
prices were practically unchanged.
Attorney General Cummings has n
titled the Senate Commerce Commi
tee that he considers Joseph P. Kel
nedy, former chairman of the Secur
ties Exchange Commission, as eligih
to serve as chairman of the Martin
Commission. He says the Kenne'
family's holdings in shipping al
shipbuilding concerns is not "su
stantial," this being the point tn
had been questioned by members
the committee.