Evening star., 1950-06-26
B. & 0. Net for May
Shows Big Increase
From 1949 Levels
By edword G. Stone

BY Edword {. Stone
Net income of the Baltimore
Ohio Railroad in May totaled $2,'
391 .576, an increase of $1,078, ,79:
from the same 1949 month, it wa
announced by officials today.
AS a result of the strike O
locomotive firemen on severa
railroads, May 10 to May 16, tn,
B. & O. handled a lot of add
tional carloads, the report stated
resulting in an increase of So, 1872,
$40 in operating revenues.
Operations in the five month
of 1850 resulted in a net incom,
of $3.80l, 1854. compared with $5,
989,179 last year. a decrease O.
$2.l87.315.
Pepco Earnings Up in May.
Net income Of the Potomac Elec
trio Power Co. in May amounted
to $402,315, an increase of $50, ,29l
or 25 per cent over May yea
ago, the report filed with the Pub
lie Utilities Commission showed
today.
Company officials explained tina
the net income for May and thu
five months ending May 81 refecti
a reduction in taxes of $159,82(
and duplicate interest charges o1
$26,621, resulting in increased me-
income of $133,198, due to the
1850 financing.
Net income in the five month!
amounted to $2,029,S 1892, decrease
of $2s.503 or 1888 per cent from
the like 1949 period.
Operating revenues showed gooc
gains in both May and the five
months.
District Strong on Wills.
Better than half the people who
die with an estate leave will
Trusts and Estates annouces after
a special survey. The survey cov-
cred 80 counties in II States and
the District of Columbia.
The magazine says the ratio
was SIS per cent for wills filed
for probate in 1949. The ratio OF
teStacy ran from a low of 80 per
cent in Evansville, Ind, and the
Bronx. N. Y, to a glittering high
Of "a per cent in Travis, Tex.
In the larger centers, the best
showings were made in Pittsburgh
SO per cent; Washington, D. c..
81 per cent; Philadelphia, 63 pei
cent.
Higher Deposits Forecast
Washington bankers today pre-
dicted another all-time high in
deposits on the date of the next
bank call which usually comes al
the end of the Governments fiscal
year. June 80.
Officials report that deposits
IN many District banks are higher
now than on April "a, the date
of the last call. At that time de-
posits reached an all-time high
VA %ASVVt ,OOOyOdOs
Deposits at the end of December
amounted to $1,037,780,914. How
much of an advance the seconc
quarter will show would only be
a guess. Weekly reports from the
Federal Reserve Bank of Rich
mond recently have disclosed
some sharp advances in demand
deposits, with few changes in saw
ingS.
Mounting commercial loans
since the last call have helped to
step up deposits, bankers said.
Terminal Dividend Voted.
Directors of the Terminal Re-
frigerating 81 Warehousing Corp
have declared semi-annual divi.
dend of $3.50 per share, or 3 pei
cent, on the outstanding stock
payable June 30 to stockholders o1
record June %. 1t is the 149th
dividend voted by the company
and its predecessor.
More than a dozen dividends
will be paid in the next few days
by issues listed on the Washington
Stock Exchange. Among them
are American Telephone, Capital
Transit, Potomac Power issues
National Capital Bank, Liberty
National, Bank of Commerce g.
Savings, National Union Fire In
surance. Garfinckel issues, Peoples
Drug Stores and Woodward &
Lothrop common and preferred
The dividends have already been
declared.
Voters in Danville, Va, will be
called at special election June
27 to decide the fate of a bond
issue for 1928 900 to cover cost OF
laying gas pipeline. If the bonds
are approved the City Council will
introduce an ordinance June sc
for sale Of the issue. At the same
time the council will introduce
another ordinance calling for the
sale of $3.50, 1000 in general i'm.
provement bonds.