Evening star., 1943-05-04
Southern Rail Incomes Soar.

Southern Rail Incomes Soar.
Glass I railroads in the Southern
District in the first three months OF
this year had an estimated net in
come, after interest and rentals, of
SAL 100000 compared with S22,344,Ol3
in the same period last year.
The same roads had net railway
operating income of S58 ,256,O ,O46, COM
pared with S38,842,520 in the same
period of 1912
Operating revenues totaled $780,
387,767, an increase of So per cent
compared with the like 1912 period
while operating expenses totaled
$176,821,3 1854, an increase of Is per
cent over 1912.
The same roads in March alone
had an estimated net income of
$15,500,00 compared with $10,193,2O
in March, 1912. Net railway cperat-
ing income in March amounted to
$21 ,457,S50 against $16,099,311 a year
ago.
Study of Investments Urged.
The April Exchange Magazine
urges investors to look up all es-
sential facts about stocks before they
buy them and not afterward, and
suggests the best sources of infor-
nation. Facts on corporate earn
ings, assets. products, markets, debt
If any, can be found in elaborate
statistical reports of such agencies
as Moodys, Standard -Poor's, and
Fitch's.
Leading newspapers publish a
mass of financial news daily, New
York Stock Exchange Offices offer
valuable data while banks have a
great deal of needed information for
clients, as well as sound advice.
Nobody would start Victory
garden without knowing something
about what he was doing, the Maya
zine adds. Why invest money with
out knowing what you are putting 1t
into?
Gockeler in Banking District.
C. j. Gockeler, a former official
OF the Hamilton National Bank,
who retired last year, was a visitor
in the financial district today after
trip to Asheville, N. C.
Mr.. Gockeler attended the daily
session of the Washington Stock
Exchange of which he was presi-
dent for five years and secretary
for much longer period. He was
accorded rousing welcome. Mr.
Gockeler will return to his present
home at Ventnor, N. j., Thursday.
Loans Reveal March Decline.
The Federal Reserve Board re-
ports that installment loans out
standing declined in March by about
per cent, or at rate considerably
slower than in other recent months
The slower decline was due in large
part to the effect of installment
borrowing to pay income taxes, the
board says.
Stanley D. Willis, trust officer oil
the National Metropolitan Bank, has
been reelected president of Emer.
gency Hospital Board of Directors.
The Seaboard Air Line Railway
announces that R. M. Barnett has
been appointed assistant genera
freight agent, with headquarters ir
Washington. The position of gen.
eral agent. formerly held by Mr.
Barnett, has been abolished.
Garfinckel Common Climbs.
One hundred shares of Garhncke
common sold at 10 on the Washing.
ton Stock Exchange today, a new
1943 top. It closed with 97s bid anc
102 asked.
Washington Gas IS preferred sole
at 1011a, up u; Real Estate Title
changed hands at $50, and Capita
Transit was strong at 311a.
Stock Exchange offices here wert
crowded to the doors again today
following temporary adjustment O.
the coal situation, good war new.
and the 1872 new 1943 high mark.
registered yesterday. Many extrs
large sales figured in the opening.
Emil Schram, president of tn,
New York Stock Exchange, will serv,
for New York City as chairman O
the National War Fund Compaigl
next fall, 1t is already announced.