Evening star., 1940-02-23
Snow Expenses Cut
Transit Earnings
For January
Net Totals $6,681,
Against $l2,761 in
Same 1899 Month
BY EDWARD C. STONE.

OF $o,USU.l6, according to the MONTH
ly statement filed today with the
Public Utilities Commission. Dur
ing late December and January the
company had to spend more than
$4,000 in clearing snow off the city
streets
Operating revenues totaled ST ,039,-
1889, an increase of $80,952.06 over
last year, or gain of 84 per cent.
Operating expenses, however, called
for S780,824 IS, an increase OF $751;
o96 30, or 1877 per cent.
Taxes required $77,656.87, $7,3s287
less than last year; depreciation
totaled SIP, 1900, which was up
$7,460.04. This left operating rev.
enues OF $67,S9358, a decrease of
$7,l21.41. Gross amounted to s67,-
974.15, which was $9,06833 under
the same figure year ago, and
from which was deducted SCI ,292 go
Tor bond interest requirements.
Revenue passengers showed SUBJ
stantial increase, 14947,732 compar-
ing with 13,756,273 in January
year ago, an increase of l,l91 ,459,
or 81 per cent, the report stated.
Potomac Powers Net Lower.
Operating revenues of the Potomac
Electric Power Co. in January totaled
81 ,463 ,83675, an increase of 87,23457,
or 634 per cent, according to the
monthly report filed today with the
Public Utilities Commission.
Operating revenue deductions
amounted to 1862 ,04123, an increase
OF $105 ,330.81, or IL per cent, leaving
net operating revenues of $501, ,795 81
drop of 18,096.24 from last year.
The usual deductions from gross
for interest requirements called for
Sill ,202.12, up $10,43872 from last
year, or 10 per cent.
After all deductions, net income
totaled S390,561, against $419, ,380.18
in January, 1889, decrease of $685.
1918, or 6.87 per cent.
Advertising Boosts Bonds.
The sale to the general public of
more than $3,OOO0 100000 maturity
value of United States savings (baby)
bonds in the five years since the first
sale was made is largely attributed
to advertising through established
and approved sales and merchandise
ing methods, it was brought out at
hearings before congressional COM
mittee on the Treasury-Post ostoffice
appropriation bill for 1941.
Following the original publicity
incident to the offering of the bonds
in 1885, sales receded so rapidly as
to threaten the success of the entire
undertaking, but, according to the
testimony, after merchandising
methods were adopted, national pur-
chases were accelerated, and ever
since then the trend of sales has
been sharply upward.
Without advertising, savings
bonds would not have sold them
selves, any more than did Liberty
bonds during the last World War,
despite the war fervor," j. w. Bryan,
chief of the information section of
the division of savings bonds, pointed
out. THE overwhelming majority of
people who own savings bonds
scarcely ever would have heard of
them if dependence had been placed
exclusively on the usual investment
channels.
Exchange Sales Summed Up.
The Securities and Exchange Com
mission has just reported the market
value and volume of trading on all
registered exchanges for 1888 and
1899. Total sales on the Washington
Stock Exchange had market value
of s1070,610 in 1899, against ST.
276, ,O96 in 1888.
The market value of stocks sold in
1889 was s646,466, compared with
$l,028.876 in 1888. The 1899 turnover
was 14,317 shares, against 1882
shares in 1898. Market value of
bonds sold during 1889 was $424, 4,144,
far ahead of S247 ,218 in 1888, the re-
port says.
Insurance Increases Noted.
Bernard L. Wilmer, general agent
of the State Mutual Life Insurance
Co., has just returned from attend
ing the annual meeting at Worcester,
Mass. The president, Chandler Bull
lock, reported gain in the amount
of insurance written during 1885,
while assets reached an all-time high
mark of S191 ,209,380 The rate of
mortality for the year was low.
More than 18 per cent of the
policies written during the year were
on women and more than half of the
policies were on applicants under 80
years of age, President Bullock an
nounced.
Silver Purchases Opposed.
Edward E. Brown, president of
the First National Bank of Chicago,
has been elected president of the
Federal Advisory Council of the Fed
eral Reserve System
In the course of its recent Wash
tngton meetings the council dis
cussed business conditions, pending
legislation affecting banking, and
monetary policies, including gold and
silver questions. The council went
on record as opposed to continued
purchases of foreign silver, in a
recommendation forwarded to the
Senate Banking Committee.
Reilly Sees Business Openings.
Young business executives are
standing at the frontier of the
richest opportunity in the history
of Metropolitan Washington, said
John A. Reilly, president of the
Second National Bank and third
vice president of the District of Co.
lumbia Bankers Association, in an
address before the American Busi-
ness Club of Washington at its
meeting Wednesday night entitled
'The Business Executive and
Banker-Eye to Eye"
international and national de-
velopments have forced this. re-
sponsibility upon us. Washington,
as great world center, is no longer
an idle dream, but reality. If we
do not take advantage of present
opportunities we can blame no one
but ourselves