Evening star., 1941-01-24
Capital Transit's Net
Scores $277,673 Gain
During Year 1910
Washington Cos Income
Shows Sl07,042 Rise
Over 1889 Record
BY EDWARD c. STONE.

1ll.4I IN 1889, striking gain o.
S277 ,673.17, or 47.3 per cent, accord
ing to the report filed with Public
Utilities Commission today. 1t wa
the company's banner year.
Operating revenues totaled Sl3,.
036,71365, an increase of S1013,.
364.09, up "a per cent. Operating
expenses called for S8,984 ,631.11, ar
increase of S624,27650, or rs PEI
cent, while taxes required S1,174,.
110.53, up Sl07,455.37, or 101 pei
cent.
Depreciation amounted to S1,371,.
o8442, which was S33,238.02 more
than in 1899, the increase being at.
tributed to the new streetcars ano
buses put in service Deduction!
from gross earnings for bond inter.
est took S7Ol 900, or $4,000 less thar
a year ago.
Revenue passengers in 1890 num-
bered 186.312671. against 171965.
729. gain Of 14,347.142 car and bus
riders, or 6.3 per cent, today's fine
report reveals.
Capital Transit reported a net in
come for December of S46,O85 20
compared with S55 39479 in Decem-
ber, 1889, off s9,3O959. Back pay
under wage arbitration awards is
Included in operating expenses OF
December, 1910, in the amount OF
S104,84747 for the period July l to
December IA, and of December
1899, in the amount of S39 ,93927 for
the period July l to November 25
inclusive.
Gas 1910 Net Jumps S107,042.
The Washington Gas Light Co. re-
ported to the Public Utilities Com
mission today that net income in
1910 totaled s1,261965, against ST.
154923 in 1889, a sharp gain of
S1o7042.
Operating revenues totaled 1902
s43. a gain of s1,055,3 1896 over 1889
Operating expenses. including taxes,
called for s7.487,931, an increase Of
S1048,225. Gross income amounted
to s2,O67, $50, from which income
deductions Of s805,785 were made,
$11 ,395 less than in 1889.
The yearly net income revealed a
gain of 9 per cent, while taxes
moved up 80 per cent during 1910
compared with 1889
December net income was re-
ported as s155, ,596, compared with
s1o0,075 in December, 1889, higher
taxes contributing substantially to
the reduction of s24467.
The report shows gas sales of
1,513.261m cubic feet for the
month, an increase of 16o,175m
feet, or y per cent, over Decem-
ber, 1899. There were l65,5S5 me-
ters in service in the District Of
Columbia on December 81, 1910.
The company expended approx
mately Sill 400 in December and
s1.2o1 800 in the u months for ex-
tensions to its property in Wash
ington.
Bankers Plan Big Meeting.
The midwinter meeting Of the
District of Columbia Bankers Asso-
citation will be held on Monday night
at the Willard Hotel. it was an
nounced TODAY by President A. NJ
McLachlen. About $50 bank Off
cials, directors and prominent guests
will attend.
The guest of honor and principal
speaker will be Joseph c. Rovensky
director division of finance and in
duStry, office of the co-ordlnator OF
commercial and cultural relations
between the American republics
Council of National Defense. His
subject will be The Financial Aspect
of Our South American Relations"
Mr.. Rovensky has been vice presi-
dent and a director of the Chase
National Bank since 1928 and is on
leave of absence to serve on the
Council of National Defense. He
was financial expert to American
members of International Confer
ence, Basle, 1881, and member OF
the American Commission German
Credit Agreement, Berlin, 1881 to
1889. He is at present president OF
the Bankers Association for Foreign
Trade.
Wilmer j. Waller, vice presiden'
and cashier of the Hamilton Ma
tional Bank and member of the Ma
tional Defense Loans Committee o.
the American Bankers Association
representing the Fifth Federal Re.
serve District, will speak on the ac'
tivities of this committee, partlcu'
larly as they affect banks in tht
fifth district.
S. William Miller, chairman o1
the Committee on Commercial Trade
Activities. will render a report o.
that committee, which will contain
the latest available information or
the city's business in various fields.
1t has been customary at the mid
winter meetings to announce tint
name of the general convention
chairman for the forthcoming con
vention. The official appointed tt
this position is in line as an office
of the association, and ultimatel.
for the presidency.
Heard in Financial District.
The January meeting of th'
Washington Loan & Trust Club. hele
last night in the boardroom of tn
company, was addressed by Elmer
Louis Kayser, dean of university
students, George Washington Uni
versity. His subject, "Curren
Events" covered the wide range O.
world affairs He was introduced
by John l.. Cain, president OF tn
club.
The Federal Credit Union OF tn
Federal Housing Authority will holt
its regular meeting Monday at
pm. at National University. Jane
w. Dickey, president, announce
new officers and directors will b.
elected and the rate OF the annua
dividend declared.
Minnesota Mutual Life 1nsuranc'
Co.'S gain in insurance in force dur
1910 was more than twice that o
1889, according to word received
from the home Office in st. Paul b,
Charles w Hackney, general agen
here The 1889 gain in coverag
was s4,468,538, while in 1910 it wa
slo,457 ,32O, bringing the total II
force AS of January to S24O, ,46O, OBS
Today's Trading on Exchange.