Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-12-27
B. & 0. November Mel
And Revenues Down
Sharply From 1913
By Edword G. Stone

By Edward c. Stone
Income account of the Balti-
more & Ohio Railroad for Novem-
Der shows gross revenues OF
$26, 1853, 899, rejecting resumption
Of work in the coal mines and the
steel industry, officials announced
today. A year ago gross revenues
totaled $33.475,231.
Net income for November totaled
$61s,596 against $2,l01,413 last
year, a decrease of $1,482,Sl7.
Operating revenues were off
$7,o06,3 1892 and operating expenses
decreased $5,352,500.
Operations in the II months Of
1949 resulted in a net income of
$685., S99 compared with $21 ,144,-
544 last year, a decrease Of
ST.. 086 .545, today's report revealed.
Transit Report Filed.
The Capital Transit Co. filed the
November report with the Public
Utilities Commission today, show
ing a net income of $48,341 against
$120,265 a year ago, decrease of
$71.924, or So per cent.
AS noted elsewhere in The Star,
the cost of the arbitration award
is estimated at $1,165,000 Had
this added cost been included in
the November account, the COM
pany would have registered a
deficit of $4,000.
For the II months. net income
was $647 ,226, an increase of $751;
794 or ga per cent from the same
1913 period. The figure does not
consider the effect of the wage
award.
Pepco Earnings Climb.
In the first II months of 1919,
net income Of the Potomac Elec-
trio Power Co. amounted to 81
O68,138 against $3,484,651 a year
ago, an increase of 1888, 487 or
1914 per cent, 1t was reported
today to the Public Utilities Com
mission.
In November, net income
amounted to $265.164 compared
with $306,963 in the same month
last year, a decrease of $41.798
or 1852 per cent. Operating rev.
enues totaled $2,937.881, up $50
per cent. and operating expenses,
$2,489, 1922, an increase of 7.34 per
cent. In the II months kilowatt-
hour sales were 4.58 per cent
ahead of last year.
Hotel Net Off Slightly.
Washington Properties, Inc,
which owns the Wardman Park
Hotel, Carlton Hotel, apartment
house at 2700 Connecticut avenue
and the Office building at 1901 YER
mont avenue. today reported a
net income for the year ending
October / as $32o,7s7, slightly I'M
der last years total of 1894, 587.
Frank E. Weakly, president. an
nounced that gross income
amount to $4,178,171 compared
with $4,185, 1855 in 1913, the small
decrease being primarily due to a
decrease in food and beverage
sales. Room rentals showed an
actual increase in dollars despite
the continual decline In occupancy.
Operating expenses totaled ST.
647,566 against $2.683.65 last
year. The expense account in
cludes the revival Of union wage
contracts during 1913. The account
also reflects the new group insur-
ance plan undertaken in common
with other Washington hotels.
The burden Of taxes continues
to be of deep concern to the man
agement. The company continued
its program Of requirements and
additions. as well as much re-
modelling. The report concludes
with the forecast that the Ses-
quicentennial should prove highly
profitable to the two hotels.
Heard In Financial District.
For long service with the COM
pany, George E. Pendleton OF H. j.
Heinz sales department, today was
presented a gold medal by the
company, D. F. Mccracken. man
ager Of the Southeastern Region,
making the award.
The Second National Credit Con-
ference sponsored by the American
Bankers Association, will be held
In Chicago, January 1925.
Milton r. Morgan. Virginia
Commissioner Of Banking. is in
line for the presidency Of the Ma
tionai Association Of Supervisors
Of State Banks, next year.
The National Automobile Dealers
Association, meeting at Atlantic
City in February, will pay special
attention to the merchandising of
used cars.
Southern's Net Turns Up.
Net income Of the Southern
Railway System, after charges,
for November totaled $1.699.47
compared with $1,293.573 in
November a year ago. an upturn Of
$405. 1893.
In the II months, net income
totaled 1926. 734. as compared
with $16,573,776 in 1913.
Chicago Livestock
CHICAGO. Dec. ~ QP, tUsDAl.-sala-
Bile hogs, $4,000; butchers, $3.50 cents
23O pounds; sows around rs. lower; mar
ket opened slow, later trade and close
most good and choice 1s0-220 pounds.
15.75-16.25; 23O-25O pounds, 14.s5-15.75;
260-31O pounds, IA :35-1 s. 90; sows under
1925; weights over $50 pounds downward
TO 1918; indications good clearance,
800; GOOD and choice steers fairly active,
steady; medium shortfeds slow, steady to
weak; heifers steady to 80 lower. other