Evening star., 1938-05-27
TRANSIT EARNINGS
RISE ABOVE 1887
April Net Totals $123,335
Against $88,104 for
Month Year Ago.
Ry EDWARD C. STONE.

April, 1887, according 10 the montnly
statement filed today with the Public
Utilities Commission.
Operating revenues amounted to
1895 ,9944l, a gain of $40, 0,786.O7 over
April of last year Operating expenses.
taxes and depreciation totaled $S72,-
658.46 against 1857. 104.l0 year ago,
an increase of SIS ,554.36.
Operating income for April totaled
$123,33595, against $88, ,l04.24 IN
April, 1887, an increase of S35 ,23171.
Gross amounted to $l27 .270.19; de-
ductions for interest required $59,-
221.57, leaving net income for the
month of S68,048,63. in comparison
with S34,829.84 in April year ago,
which was a gain of s33,2l87s, or s5
per cent.
Revenue passengers carried on the
cars and buses in April numbered a.
O05,9 ,966, decrease of 226,457.
The Capital Transit Co. also filed
statement for the first four months OF
1898. which showed operating revenues
of S3.731 O87l6. an increase of S84,-
050.46. Operating expenses totaled ST.
100000 40, a reduction of S75,8l5.59.
Taxes were up over $4,000 and de-
rreciation was s42.l6359 higher than
last year, leaving net operating in
come of S3O9,48l.70, an increase OF
$64,439.
After deductions for interest, net in
come for the four months amounted to
co 21E lS 1Q27
an increase of S5l, 1883, or 160 per
cent.
Revenue passengers totaled 53,733,-
436. a decrease of 1861 $50 from the
like period a year ago, the report re-
vealed.
c. &P. April Phone Net Off.
Operating revenues of the Chesa-
peske g. Potomac Telephone Co. in
April totaled S949,345 against S95l, 428
in April a year ago, according to the
monthly report filed today with the
Public Utilities Commission. Operat-
ing expenses were held down s66l,850
compared with S667,08l last year.
Operating taxes were $1,000 lower
this year, leaving net operating IN
come of S196,449 against S202,ll5 IN
April. 1887. Total income was prac-
tically the same as last year. Interest
deductions called for S33.l26 against
S20,27l, leaving a net income for the
month of S168,674 in comparison with
the slightly higher figure Of Sl8l,82
in April. 1887.
The report showed that in the first
four months of 1888 operating rev.
enues totaled s3,751,495. compared
with s3,712,233 a year ago. Operating
expenses were held under last year,
s2.e84,259, comparing with s2,6lo.ol5.
Incorporating revenues were about the
same as last year. Taxes totaled S35l,-
4e5. against S334418. leaving a net
operating income Of S7l5,74l, against
$762800.
Interest deductions took sl27,555,
in comparison with S76,0l7 last year,
leaving a balance before DIVIDENDS OF
seOe,745, compared with S6s3,906 in
the first four months of 1887.
There were 23O,884 telephones IN
service on April 80. 1888, which was
an increase of 993 telephones over
the previous month.
Telephone users in washington
made 26,356,000 calls during the
month, or an increase of $4,000 calls
over April, 1887.
Salaries of Virginia Banks.
A survey of salaries paid Virginia
bankers, made for the Bank Manage
ment and Research Committee of the
Virginia Bankers ASSocia ton, reveals
interesting figures on the trend OF
salaries as compared to deposits OF the
institution. Appearing in tabular form
in the current service bulletin of the
Virginia Bankers Association, the data
shows that for 81 reporting banks,
banks with deposits over SlO,OOO,000
to under $250.000 pay on the average
Sl9O a month to assistant CASHIERS,
Sl30 to tellers, S125 to general BOOK
keepers, S92 to individual bookkeepers,
$50 to stenographers and $50 to run
ners.
The range of the amounts paid is as
follows: Assistant cashiers, from
high of $500 to low of $S7; tellers,
SITS to $50; general bookkeepers, $3.50
to $40; individual bookkeepers, S125
to S55; stenographers, $106 to $50,
and runners. S75 to $50.
Little Change in Bank Loans.
The Federal Reserve Boards latest
review states that total loans and in
vestments of reporting member banks
in 10l leading cities showed little
change during April and the first half
of May. Holdings of United States
Government obligations increased
somewhat, while holdings of other Sc
curities and loans declined. Adjusted
demand deposits in leading cities in
creased during the period as result
of expenditures by the Treasury from
its balances with the reserve banks.
Interbank deposits also increased sub
stantially.
Yields on Government securities de-
clined slightly further in the four
weeks ending May 81 to an average
for longer-term Treasury bonds of
2.28 per cent. The average yield on
3 to S year Treasury notes declined
to a new low of 0.73 per cent.
The rate on three-month Treasury
bills continued at record low levels and
other open-market money rates re-
manned unchanged.
Exchange to Close Monday.
Governors of the Washington Stock
Exchange have voted to close the
exchange on Monday, Memorial Day.
Bank of Bethesda stock sold on
the Washington Stock Exchange yes
terday at Is, closing with Is bid and
80 asked. It was the first transfer
in this stock on the board this year.
The issue pays IS cents year and
there are 1000 shares listed on the
exchange. All the bank stocks listed
on the board have made fine show
ing so far this year.
In a recent address in New York.
Joseph Bernhard, general manager OF
Warner Bros. theater circuit, praised
newspa pers as a medium for advertis-
ing. No means of advertising is so
efficient as the daily newspaper, that
fact having been demonstrated again
~ 1Sa-