Evening star., 1939-05-26
Capital Transit Net
Continues 10 Show
Gain Over 1888
Hits SS2,732 in April
Against $68,04S in
Month Year Ago
BY EDWARD C. STONE.

NeI dIlllIlSS VI lIle CdplIdl lIdll-
sit Co. in April showed another
good sized gain, according to the
monthly statement filed with the
Public Utilities Commission today
April net income totaled S82 1872 "a,
against $68, ,04863 in April, 1888, an
increase of $14,68421.
Operating revenues totaled ST.
o23 ,60219, an increase of $27 607.78,
while operating expenses called for
$674 1903, which was S4813.73
higher than last year. Taxes re-
euired s97,536.12 and depreciation
took s106,67790 Total operating
expenses, taxes and depreciation
amounted to S87S, ,39415, an increase
of S5,73569.
Income from operations amounted
TO s145,208, an advance of S21 1,67209
over the like month last year.
Gross totaled S144215.75, in COM
parison with $127,27019 in April,
1888, an increase of S16,94556.
Revenue passengers in April num-
bered 14509, 399, revealing an in
crease of 498, ,431, or 36 per cent.
For the first four months of this
year Capital Transits net income
totaled Sl63, ,70494, compared with
only $8403463 a year ago an in
crease of $79,67031, or 94S per cent
Revenue passengers numbered S.
742,091, an increase of 2,O08628, or
81 per cent.
Potomac Power Net Lower.
There was a slight drop in net
earnings of the Potomac Electric
Power Co. in April, according to the
statement filed with the Public
Utilities Commission today. Net
income totaled s360,475, a decrease
of Sl762491.
Operating revenues amounted to
S1,290,74753, an increase of S63,-
577.55 and operating deductions
called for 1929 ,35440, which was
S42.67874 higher than in April a
year ago, leaving net operating
revenues of S461 ,39313, a gain of
S2o,698Sl.
Net income of the power company
for the first four months of 1889
was also reported. $1.50O.94435 COM
pairing with S1,522, ,59970 a small
decrease of S21655.35, or 142 per
cent. Operating revenues showed
gain of S1733969O over last year,
but operating expenses were also
SITE, 1915 higher, the statement re-
vealed.
B. & o. April Net Down.
Net railway operating income of
the Baltimore & Ohio Railroad took
d severe slump in April, chiefly on
account of the coal shutdown, the
company reported today, although
the statement showed that net in
come for the first four months of
this year remained far ahead of last
year.
Net operating income in April
amounted to only $11044 against
$494,665 in April, 1898, a decrease of
S483 Gal. Freight revenues totaled
$0,639,919, a gain Of S198,397. Pas
senger, mail and miscellaneous rev.
enues were under April year ago,
leaving total operating revenues of
Sl0,207 ,230, up $152,331 from last
year.
Net railway operating income of
the B. e. o. for the first four months
OF 1889 amounted to S4,967,712,
against only $291,747 a year ago, or
a gain this year of s4675,965. This
increase includes a pickup of more
than S5000,O00 in freight revenues.
JohnsOn's Death Is Shock.
The sudden death of o. H. Perry
johnson, chairman of the board of
directors of the National Metro
politan Bank, came as a distinct
shock to his host of friends in the
financial district, many of whom
knew nothing of his illness.
Mr. johnson enjoyed an unusually
long and close association with the
late George w. White, who was
president of the bank 81 years. Mr..
johnson was director more than
80 years and a vice president nearly
as long.
Only last November he was elected
president of the bank following Mr..
Whites death. At the regular
January meeting he requested elec-
ton as chairman of the board and
the responsibilities of the presidency
were turned over to c. F. Jacobsen.
President Jacobsen and other asso-
ciates paid high tribute today to his
banking ability and many other
sterling qualities.
Hilleary G. Hospinson, president
of the District Bankers Association,
has appointed the following men,
bers to represent the association at
the funeral: Robert V. Fleming, H.
H. Mckee, Victor B. Deyber, Frank
j. Stryker and Harry G. Meem.
Interest Payment Declared.
Directors of Washington Proper
ties, Inc. yesterday declared inter-
est on the companys general mort
gage income bonds for the six
months fiscal period ended April
80, 1889, at the rate of 25 per cent.
Checks will be mailed on August l
by the Central Hanover Bank &
Trust Co. of New York to the bond
holders of record July 20, Humphrey
Lloyd, secretary, announced
j. Thilman Hendrick, senior part
ner in w. B. Hibbs & Co., who
has been a patient in Emergency
hospital mas recovered sufficiently
to be taken to his home, it was
announced in the financial district
today. He was taken i'll shortly
before the annual meeting of the
Lanston Monotype Co., of which
he is chairman of the board.
The Washington Stock Exchange
adjourned today out of respect to
the memory of o. H. P. johnson,
a member for many years. Presi-
dent w. w. Mackall appointed c. ].
Gockeler, Y. E. Booker. G. Fenton
Cramer and Edison B. Olds to rep
resent the exchange at the funeral
services.
At the opening of today's session
Capital Traction SIS sold at 921a,
Washington Railway & Electric at
lis, Lantson Monotype at 40 and
Lincoln Service Corp. common
moved at 90