Evening star., 1948-08-26
Net Operating Income
OF ) Railroads Shows
Increase During July
By Nelson IA. Shepord

Increased net operating income
in July was reported today by three
major railroads-the Baltimore and
Ohio, Southern, and Seaboard Air
Line.
The B. Il o. reported its July net
income was $2.7l2,5l3 compared with
only 1868 .280 in July of 1947, a gain
attributed to the increase in freight
rates and a reduction in the un-
employment tax on carriers.
The improved conditions spread
over the seven months period the
three railroad systems. also.
A net income of s11 1892 .646 was
reported by B. Il o. for the first
seven months of 1948 compared
with $5906,007 in the corresponding
l947 period.
Southern Earnings Up.
The Southern Railway earned a
net operating income of $2,653 ,186
in July compared with $l.044.319 in
July of 1947. its balance remaining
after charges was reported as ST.
734.695 in July, big gain compared
with a 1921 ,272 July balance last
year
For the first seven months of the
year. Southern's net operating in
come was $l6.38l $50, compared
with Sll,9l6,9l7 in the same period
last year. Its balance after charges
was sl0,4S8. .764. compared with
S6.605 .889 in l947.
Seaboard Air Lines net operating
income in July was 1921 ,3l8 or more
than double the $446 784 net in
July of l947. The actual increase
was S474534 Net income after
fixed charges and other deductions
for the month was 1851 .35l COM
pared with s383.87 in July Of l947.
Net Income Is Up.
Net railway income for the first
seven months OF the year was re-
ported as s8,430. 1856. compared with
s5967 ,083 in the same period last
year. Net income after fixed
charges was $6.534 ,42e. compared
with S4654,625 last year for the
same period.
New passenger car registrations
for July should be greater than 290,-
900, pick up over May and June
figures, R. L. Polk & Co., Detroit
statistician. indicated today. The
number would be greater than the
246,926 new cars registered in June
and the 255 .638 registered in MAY.
but less than the totals for March
and April
Darootuo1 p,,jlIjpo Aceociatinp of
Washington. largest in resources
among such associations in the
United States passed the 100000
600 mark this month, for the first
time.
Listed with three other savings
associations in Washington among
the So in the country with assets
exceeding s2o00O,0OO, the latest re-
port Of Perpetual on August l9 put
its assets at s100O76,781
A survey made by the United
States Saving IL Loan League of
Chicago. based on records of June
30, 1948. showed the other three
Washington associations well up on
the list.
First Federal Savings 81 Loan As
sociation had assets of $32 2022 ,529
at midyear American Building AS
Sociation came next with $27 TAT 1862
and National Permanent Building
Association had assets OF $26, TAG, 1874.
ID. c. Firm Honored.
The American Newspaper Pub
fishers Association has singled out
tuo Washington firms for advertis-
ing honors.
They are the John H. wilkins Co.
better known as wilkins Coffee, and
its advertising agency OF Lewis Ed
win Ryan. In the ANPA Blue
Book OF Newspa per Advertising" for
l948. the wilkins cartoon advertis-
ing is listed among the 80 best ad-
vertislng campaigns under grocery
products.
Washingtonians are pretty Will
kinS- coffee minded, for the success
of the continuing campaign indi-
Gated by sales figures shows that the
wilkins company does 80 per cent
Of the retail coffee business in
Washington and 81 per cent Of the
hotel and restaurant business The
bs sic theme OF the advertising has
been unchanged for the past two
and half years.
Cartoon techniques is the most
successful method OF getting across
n quality message quickly and reg
ulsrly" w. J. Fitzgerald, sales man.