Evening star., 1939-07-26
B.&0. June Operating
Income Is S4S2,5R :
Ahead Of Last Year
. Half Years Record
Shows S5,1e3,e0l Gain
Over 1888 Revenues
BY EDWARD C. STONE.

with the like period in 1888, the
company reported today
June net railway operating in
come amounted to Sl,863 1888, gain
of S482, SAG over June a year ago,
Freight revenues rose to Sl0,856,-
1874, an increase of 81 1,732,966; pas
senger revenues reached S1,101 ,342,
an Improvement of $126323, mail
income was slightly better, while
income from express reached S155,-
319. which was $54,811 ahead of
June, 1888. Expenses, however, were
S557000 above the June, 1888, figure.
Net railway operating income in
the half year period amounted to
S7,T08,22l, as compared with the net
year ago of only 800, making
a gain this year of S5l93.90l.
Freight revenues climbed to $780,
218,859, jump of $8,061 ,604. Both
passenger and mail revenues were
lower than last year, but revenues
from express were up s244, 900 and
other operating revenues were $104,-
600 higher.
Railway operating expenses moved
upward by S3,218,O07, the report
said.
Pepco Breaks Output Records.
j. F. Fogarty, president of the
North American Co., in a letter to
stockholders received here today,
says that new electric output records
were established in June by Poto-
mac Electric Power Co. Output for
that month showed an increase of
IA per cent over that for the same
month year ago. For each of the
four weeks to June 20 the output
exceeded the previous high record,
shown for the week ended Decem-
ber %, 1888, the best week of the
four being that ended June Is.
Steady improvement in general
business conditions in the District
of Columbia and surrounding ter
ritory since the first of the year is
indicated not only by the increased
use of electric power but also by
the department store sales index,
postal receipts and other barom-
eters. Sales of major electric ap-
pliances have increased consistently
Vandoren Addresses Bankers.
w. T. Vandoren, vice president
and cashier of the Liberty National
Bank, addressed large gathering
of Virginia bankers at Middleburg
last evening, the meeting being
sponsored by the Tri-County Clear
ing House Association which in
cludes bankers in Loudoun, Farquier
and Prince William Counties.
Theodore Reid, association presi-
dent, presided and Mr.. Vandoren
spoke on Financial Statements"
devoting his address to the facts
which would be required in state
ments made by applicants for loans.
This address was preceded by a
fine dinner, the speaker being
secured through the Speakers Unit
of the District Bankers Association,
John A. Reilly chairman.
Enterprise Votes Dividend.
A semiannual dividend at the rate
of Az per cent per annum has just
been declared by the Enterprise
Building Association, payable as of
July /, 1889 Dividends will be
credited to all investment share
holders while checks will be mailed
to holders Of paidup shares.
An increase of Sill, ,652 so in total
resources since June, 1888, was re-
ported. There was a good sized in
crease in loans in the first six
months of this year, officials re-
ported today. New accounts mounted
rapidly.
The association has not been
forced to foreclose on any property
since September, 1888, the statement
said.
Motor Travel Grows Rapidly.
A gain of "a per cent in new
membership was registered by the
A. A. A. District of Columbia Mo-
tor Club during the first six months
of 1899.
Travel routings handled by the
club were off slightly during the
first part of the six-month period,
but advanced sharply during the
latter IS days of June after the
closing of school, A total of $500
routings were supplied during the
month, representing gain of 20.7
per cent over the corresponding
month in 1888.
The length of the average rout-
Ing now is substantially above nor
NAL. indicating that not only are
more Washingtonians on the road
this summer, but that they are
travelling farther than ever before,
New Maryland Notes Offered.
A new issue of 81 ,587 600 State of
Maryland l "a per cent certificates of
Indebtedness, due August Is, 1912
1854, was placed on the market to-
day by syndicate. The 1942-1950
maturities are priced to yield from
0.35 per cent to 125 per cent and
the l95l-l954 maturities are priced
from 9934 to 80. The bids were
opened and the bonds awarded yes
terday at Annapolis.
Twenty shares of Columbia Title
Insurance Co. stock sold at 13 on
the Washington Stock Exchange
today the first sale for some weeks.
Capital Traction SIS were strong
loody, 9l,ooo IidllsdCIlOllS peluS Ie-
corded at 94H. Other issues were
quiet, with bids unchanged.
Financial District Comment.
Some 200 members of the District
of Columbia Building and Loan
League and their guests were plan
ming to attend the first annual
outing at the Washington Golf and
Country Club this afternoon and
evening. An elaborate sports pro-
gram, dinner and dancing were to
be the program features.
Herbert w. Primm, assistant real
estate officer of the Washington
Loan & Trust Co., has returned
from Philadelphia where he took
a two weeks Snecial course at the