Evening star., 1950-03-27
Coal Strike Blamed
For B. & 0. February
Loss Of S489,646
By Edword c, Stone

BY Edword c. Stone
The Baltimore & Ohio Railroad
today reported net loss of $489,-
646 In February in contrast with a
net income Of $910,487 in Febru-
ary Of last year, loss of revenues
during the coal strike was a major
factor.
Gross revenues totaled $22,302.-
042 against $29 9,238,457 in Febru-
ary a year ago, decrease of $6,-
936, AS, the report stated. Operat-
ing expenses of s19,264,6o3 were
reduced by $4,316,250.
Operations In the first two
months of 1850 resulted in a net
deficit of $1,32S,089 compared
with net income of $2,027,18S last
year, a decrease of $3,355,277.
Freight revenues amounted to
$43,367 ,235 in the two months, a
drop of $10,488.869 from the like
1949 period. Passenger revenues
were of $510,691. Express was up
$4,000.
Pepco Net Under Year Ago.
Net income of the Potomac
Electric Power Co. in February
amounted to $417,606, a decrease
of $77.664 or Is per cent from
February. 1949. today's report
filed with the Public Utilities
Commission showed.
Net income in the first two
months of the year totaled $685.
1876, a decrease from last year of
s59.025 or 6.38 per cent. Officials
said mild weather caused lower
income.
Potomac Powers February oper-
ting revenues amounted to So
87,579, up S53,507; operating ex-
:enses of $1,674,920 were up $58,-
%; while net operating revenues
,otaled $619,852, drop of s34, 1922.
Consumer Credit Expands.
In the 10 years since the Amer
can Bankers Association named a
consumer credit committee, the
number of banks making INSTALL
ment loans has grown from 1000
TO $4,000, the ABA Credit Confer
ence was told in Chicago today.
In 1910 these loans totaled
$3.50, 900. 900 while they have now
climbed to 100000 for all
classifications, William F. Kelly,
committee chairman. reporte d..
The banks are understood to hold
over so per cent of present INSTALL
ment loans. the report added.
In opening the conference Presi-
dent F. Raymond Peterson of the
ABA said the banks fear competi-
tion from government credit
agencies and "do not believe in
the extinction of credit admin
istration by more than $4,000
highly competitive banks"
Smathers on Loan Program.
Representative George A. Sma-
theirs. Democrat. OF Florida, will
be one of the speakers at the
United States Savings and Loan
League Conference at Hollywood,
Fla, this week. He is now cam
paigning for the Democratic nom
ination for United States Senator
Henry A. Bubb, league president,
will open the conference. Other
speakers will include Joseph W.
Holt. president of the Home Loan
Bank of Winston Salem; o. K. La
Rogue. member of the Home Loan
Bank Board. Washington, and
j. G. Stephenson of Nashville,
president of the Southeastern
group.
Speakers at the closing session
Saturday will include Horace Rus
sell. Chicago, general counsel of
the league, and Harold Colee,
Jacksonville, Fla, executive vice
president, Florida State Chamber
OF Commerce. Mr.. Russell will
discuss legislation affecting the
savings and loan business, and
Colee will review business trends
in the Southeast.
Farber Awarded Diploma.
Leopold Farber, manager of the
diamond department OF Charles
Schwartz & Son, this city. has
been awarded a diploma in the
theory of gemology by the Gem
illogical Institute of American with
international headquarters at Los
Angeles.
Clyde D. Harrison has just COM
pieted rs years with the Guardian
Life Insurance Co. Washington
office.
j. A. Kamerow of Mutual Life
has been awarded special pro-
duction honors for 1949.
David r. Lehman, Lehman's
Truck Terminal, has been named
co-chairman of the Committee on
Arrangements for the conference
OF the National Association of In
dependent Tire Dealers, in Chicago
In November.
Airline Traffic Heavy.
Highest traffic record for March
IN the history of the airline was
Bet IN the first two weeks of the
month, it was announced today by
Trans World Airline.
Domestic traffic was 23.9 per
cent ahead of last year, while in
ternational traffic showed a 32.7
per cent rise.
Chicago Livestock