Evening star., 1940-04-26
Capital Transit Net
For March Shows
Large Increase
$79,335 Represents
55.2 Per Cent Rise
From Year Ago
BY EDWARD c. STONE,

AlS Will POL ,1lo.o1 III MdrCn, 1859,
a jump of 2S,2os.2S, or $50 per
cent, according to the monthly
statement filed today with the Pub
lie Utilities Commission.
Operating revenues totaled $l,O75,-
1885, gain of $4891134 over last
year. At the same time operating
expenses called for $73O,785.52, an
increase of $35 ,322.18; taxes required
$93,O54.57, which was $4,488. 10 more
than in March, 1899, and depreci-
alton totaled s113,055.27, decrease
OF $4,000, leaving an operating in
come of $138 ,999.19, more than $29,-
900 ahead of last year, or q per
cent.
Gross, after deduction of oper-
ating expenses. amounted to S138,-
8o978, from which $59,474.69 was
deducted for bond interest, leaving
the substantial net gain of more
than $4,000. Revenue passengers
numbered 15,442 ,342, an increase of
566,654 over March, 1889, or 3.8 per
cent.
Capital Transit's net income in
the first three months of this year
totaled $l07 ,53l.86, against $50, ,972 10
in the first quarter of 1899, an in
crease of SIG, $50 76, tor 1913 per cent.
Revenue passengers totaled 44,552,-
lis, substantial rise of 3,314,423,
or 8 per cent, today's report said.
Pennsylvania r. r. Net Higher.
Net railway operating income of
the Pennsylvania Railroad in March
totaled $5,459,456 an increase of
$420,398 over March, 1899, it was
announced today.
The report showed freight reve-
nues amounting to $26,629 1856, a
gain of $1,605,954 over last year, and
passenger revenues of S5,855 ,007, an
upturn of $650,l66. Express reve-
nues were off slightly. Total rail-
way operating revenues amounted
to $35, 22,506, an improvement of
$2,401 $50 over March, 1889.
An increase in operating expenses
was held below the gain in operat-
ing revenues. Operating expenses
totaled $25 1895, ,422, an increase of
$1,315, ,544 over last year, leaving net
revenues from operations totaling
$9,827 ,0S4, rise of $l,O86,012.
Net operating income on the first
quarter amounted to $15,627 GAL,
gain of S1.784,119 over the first
three months of 1889, the report
said
B. & o. Operating Net Off.
The Baltimore g. Ohio R. R. reg
3stered slight drop in March oper-
ating net income. s1,749,392 COM
pairing with S2,025, AGO last year,
decrease of $276098, it was re-
ported today.
Freight revenues of $11,675 ,331
were up $623,535. passenger reve-
nues of $716,806 were $35,S14 ahead
of last year. and all other operating
revenues, except express returns,
were better than a year ago.
Operating expenses revealed a
moderate gain, totaling $10,182,157,
against $9,324,21 last year, up $751;
$40. Deduction of operating ex-
penses left net revenues from oper-
ations of $3,O25,475, which was $173,-
1872 lower than last year.
The B. & o. reported net rail-
way operating income of $4,863, ,726
in the first three months of 1910,
compared with $4,956,668 in the like
1899 period, a decrease of S92,942.
While operating revenues showed
gain of more than $5,0OO,000 in the
three months, operating expenses
were $4,799,631 more than last year.
A. l. B. Nominations Made.
Edward M. Blaiklock, Washington
Loan & Trust Co., was nominated
for the presidency of Washington
Chapter, American Institute of
Banking, to succeed Francis T..
Robey, Bank of Commerce & Saw
ings, at meeting last night. The
nomination means his election OIL
May g.
John M. Christie, Riggs National,
was nominated for first vice presi-
dent; Kenneth Birgfeld, American
Security & Trust Co.. second vice
president; Frances E. Werner, Ham
ilton National, secretary, and Sophia
Karadakis, Second National, assist
ant secretary.
Two candidates we're nominated
for treasurer, James B. Ahalt, City
Bank, and Frederick A. Daum, Bank
OF Commerce & Savings. For chief
consul, two were named, George A.
Gallaher, Lincoln National, and Neal
w. Wells, National Savings & Trust
Co.
The following seven members were
nominated for the Board of Gov
ernors, four to be elected: Herbert
D. Lawson, Washington Loan g.
Trust Co.; Myrtle P. Lewis, Liberty
Nation; William M. Mcclure, Nc
Lachlen Banking Corp; Stephen O.
Porter, Riggs National; Walton L..
Sanderson, Hamilton National; Paul
j. Seltzer, American Security &
Trust Co., and John E. Wilson, Nor
ris Plan Bank.
c. & p. to Spend S216,0O0.
Expenditures amounting to $216,-
600 for the construction of telephone
plant and installation of equipment
in the District of Columbia were au-
thorized by the directors of the
Chesapeake & Potomac Telephone
Co. at their meeting yesterday, &C
cording to G. r. Robinson, vice presi-
dent and general manager. Of the
amount appropriated over 5000 900
will be spent for additional equip
ment in the Woodley Central Office
To date little over $4,000 900 has
been authorized for expenditure this
year.
Traction Bonds Extra Active.
Seven 1000 transactions in Capt.
tai Traction SIS were registered on
the Washington Stock Exchange to-
day, all at 1912, unchanged. The
bonds closed with 101A bid and
102 asked.
The bid for Bank of Commerce
& Savings stock was advanced to-
day from 275 to 300, with none Of