Evening star., 1937-02-27
WEATHERREDUCES
TRANSIT PROFITS
Capital Earnings at $4,073
Against $11,796 Loss in
January, 1886.
RY EDWARDC STONE.

company officials and stockholders
|, had hoped for better showing. Net
: income, however, disclosed a gain OF
s15,87o.48 over January, 1886, when
the company went into the red by
$l1,796.75.
There were five Sundays in January
this year, against only four In the
same month a year ago. Traffic drops
so per cent or more on Sundays, so an
extra holiday of this kind makes quite
a dent in Capital Transit's total in
come.
1t will also be recalled that rain fell
on something like 20 days during
January this year This fact had lit
tie to do with regular daily traffic,
but had a great deal to do with extra
riders, who go abroad in good weather.
While the company had heavy snow
bills in January a year ago, which
were not recorded this year, the rec
ords show that riding greatly in
creases during storms, as so. many
automobiles are snowbound. Their
owners take to the street cars and
buSSeS.
The presidential Inauguration also
proved disappointing in traffic re-
turns. There was lot of riding, but
thousands and thousands of Wash
1ngtonians remained at home who
would have ventured out on warm,
clear day and poured their money into
the fare boxes on the Capital Transit
lines.
The first month since the change
from the 81 passes to the Sl.25 passes
had no striking results. Fewer weekly
passes were sold by the company. but
naturally token sales showed an in
crease. One largely offset the other
as far as the January REPORT reveals.
Operating Revenues Higher.
Capital Transit's operating revenues
In January totaled s895,4S4.77, as
compared with s834,O1723 in Janu-
ary a year ago, an increase this year
of S61 ,46954 or IA per cent.
Operating expenses required $751;
67747. an advance of Sl9,38l77 or
20 per cent. Taxes called for $685.
28434, an increase of S14.22224 or
more than 81 per cent. Depreciation
totaled S9O67335, against S81,26874
a year ago, and upturn of S9,4046l
or ll.6 per cent.
These three expense items combined
amounted to 1898 635.16, in COMPARE
son with S795,626.54, an increase of
S43,00862, or 5.4 per cent, leaving a
net income from operations of $751;
84e.61, against S38.39O69 in January
1896, a gain OF sl8458.92, or 40.1
per cent.
incorporating income was II per
cent lower than last year. Gross was
up Al per cent to s61Oo9.47. The
usual deductions from gross for in
terest payments, etc, were higher,
s56,935.74 VS.. S54,376.56. Revenue
passengers carried on cars and buses
totaled 13,620.455, the number a year
ago being 13,382,S49, making an in
crease this year of 237,6O6, or l.8 per
cent, the report states.
January Gas Net Income OF.
Net income of the Washington Gas
Light Co. in January totaled Sl26, 6,040,
In comparison with s155244 in jan
uary, 1886, a drop of S29,2O4, the
monthly report filed with the Public
Utilities Commission today revealed.
The figures include those OF the
Georgetown Gas Light Co. before the
merger took place.
Net operating revenues for January
of S729,925 compared with S789,384 a
year ago, a decrease of s59.459. the
decline being caused by much warmer
weather this year than last. A year
ego it was bitter cold in January and
patrons used a great deal of gas to
supply extra heat. While there was
slump in operating income, the COM
pany reduced operating expenses by
S29 $50
The company reports gas sales OF
1850 million cubic feet for January,
1887, compared with 1,142 million cubic
feet last year. This decline in volume
clearly shows the effect of the 13 de-
gree higher average temperature this
January over last year. At the end of
the month, the company had 144902
meters in service in the District of
Columbia, gain of 7,417 over January
last year
The annual report of the State Mu-
tual Life Insurance Co. of Worcester,
Mass, just received here, shows a
gain of more than 13 per cent in new
paid business for the year 1886. The
! total amount of insurance in force
of $573 1869 represented gain in
this account for the first year in sew
eral. A substantial gain in assets of
the company increased the total assets
to S169,1 ,604 The surplus of the
company stood at S10,251 ,165.
The Wilmer & Wilmer agency of this
city also showed gains in business dur
ing the year with % per cent in
creased new production. The local
Igency stood in third place of all the
other agencies of the company in its
'persistency rate" of 1886 per cent.
Bank Women Note Anniversary.
Celebration of the tenth anniver-
i sary of the Bank Women's Club of
Washington this week was a most
happy event.
Miss Lois A. White was first pres
ident of the club. and was followed
in Office by Miss Mary Jane Winfree,
Mrs. Mable Royce Lantz, Mrs. Judith
Fishburn Buck, Miss Alice Whitton
and Mrs Constance Fogle Jones. Be-
sides Mrs. Jones of Riggs National
Bank, other present officers of the
organization are: Vice president,
Mrs. Etheline Parker of Security Saw
ings g. Commercial Bank; recording
secretary, Miss Helen Healy, National
Saving & Trust Co.; corresponding
secretary, Mrs. Myrtle Lewis. Liberty
National Bank; treasurer, Miss Mar
garet Berckman, National Metropoli-
tan Bank; historian, Miss Anne
Crawford, McLachlen Banking Corp.
Charter members included Mrs.
Grace Bromley Bailey, Miss Harriet
| Barrett, Miss Frances Berry, Mrs.
' Judith Fishburn Buck, Miss S. Wini-
fred Burwell, Miss Mary Craven, Miss
Eleanor Dankmyer, Miss Loretta
Ennis Mrs Ellen Crawford Hatmaker