Evening Star Newspaper, August 1, 1933, Page 6

A6 : NGTON, D. C, TUESDAY, AUGUST 1, 1933 ——eee RAILROADS SHOW CONTINUED GAINS Qutlook Is Held Bright for, Added Increase in Net Operating Income. By the Associated Press To the roar of locomotives pulling longer freight trains, the railroads are continuing to steam out of the depres- slon lowlunds of 1932 and early 1933. The comparative highlands of 1929 and 1930 are still far oif. but the eco- nomic semaphores Hash the green “go ahead” signal. Dr. J. H Farmelee direclor of the Bureau of Railway Economics of the American Railway Association, says indications are that the sggregate net operating income for the earriers in_June will show an increase considerablw, greater than the 2488 per cent gain of May over the corresponding mcnth in 1932 Dr. Parmelee also estimates that the net operating income for the first six months of 1933 will be about $90.- 000.000 more than the income in the first half of 1932, despite big declines registered during the banking crisis in the early Spring this year. On ihe basis of sustained iucreases in car July revenues are likewise d 10 pe far i excess ol those Outlook is Bright. if the tend for the bs is anyching like e ent in normsl Uies, . with the moveyent should e sees w possibility that se will be greater than ve been re- | in_oper- June. as compared with the like period | in 1932, Dr. Parmelee points out,| that’ while these gains are | very heartening, the fact that revenues | 1 well below those of 1931, which | was a bad year, should be taken into consideration. Class 1 railroads in May had s net operating income of $40 2, which | for that month was at the annual L . . ) ate of return of 2.04 per cent on their ' = . . . . . . poe it it 3 Look What You Savel $129 4-Piece Bed Room Suite Topping the List of Attractive Values in Dining Suites e s b Mg W Here is a handsome 4-piece group developed in genuine walnut veneer on er cent on investment. During - . Ten beautifully made picces of genuine walnut veneer on gumwood, as he carriers us a whole failed to gumwood. Elegant vanity, 4-post bed, chest of drawers and’ dresser. - € 3 Mokt i EHReE £ e earn a nei income, but reported a < sketched, a larwe six-leg-ivont buffet, extension table, china cabinet, server anc L considerable net deficit. effect plate mirrors. .\ real buy at : > 2 / six upholstered seav chairs. The highest rate of return on prop- gty v itment. according o satoci: NO MONEY DOWN—The HUB NO MONEY DOWN—The HUB averaged 4.99 per cent. I 1929 the $130 rate of return was 484 per cent, de- Four-piece Genuine Wal- . $89 Four-piece Walnut Fin- 00 Miten iece Tints - ee $139 ten-piece dining room :é‘";“fl to 3;5"_ P‘l';“f*“’- in 1930 and nut Veneered Bed Room Suite, s ished Gumwonod Suite, dresser, $ R 1 'I" P ”‘l 1S 1008 \ s m‘( o Al L i $ 2 per cent in ; : - i selected g ood, wi ish. suite 0 rine walnut ter o vt | dresser, bed, vanity and chest of chest of drawers, dressing OHiaeleche : 5 N s i Badiced Freight Furnishes Hope. | Reduced to .. on gumwood. educed to.... ; } Peiieinisiomiaie able anc ( ( Total revenues for each month this deawicrsie =t tatileandiwood bl year through April were below those of the corresponding months in 1932, the accumulated decline for the four- month period being 19 per cent. In Mey, however, the trend turned up- ward, the increase for that month be- | ing 1.3 per cent over & year ago. i This increase, Dr. Parmelee says, was due entirely to & freight revenue | gain of 6.8 per cent. whereas all other | classes continued to decline. He points | out that freight continues to be the railroads’ hope of econcmic salvation, | an anc! ge In a transportation sea, | which has been more or less menacing | to_the railroads {or several years The passenger business Presents a much _different picture than that of | freight. revenues from the former ‘ug down in every month this y ncluding June, although the percent- | age of decline in the latter was less than in May or in the five-month period. Sume roads reported 8 pas- senger increuse for June over thut month in 193; Dr. Parmelée says the railroads, | which generally have been deferring maintenance work. probably will have to increase their expendilures alonyg this line in the coming months. He | explains that while this would have a tendency to reduce net income, such expenditures would have a beneficiul effect in Increasing employmeut and in_stimulating business through the purchase of steel sud other equipment. - | TRIO LEAP INTO RIVER | IN ESCAPING EXPLOSION 80-Foot Launch of Clarence B. Bailey Destroyed and Owner and i | Friends 8wim Ashore. . By & Staft Correspondent of The Star. | ALEXANDRIA, Va.. August 1.—Three | men had to wke to the waters of the | Potomac River and swim ashore Sunday ik e i Mot s i J Note Carved Base Rail i . 3-Pc. Bed-Davenport Suite | | i . / avenue, this city, caught fire in Oxon | Run, near Blue Plains, D. C., opposite . 2 oz ‘o e o 5 e e e el e Mobhair-Covered 3-Piece $119 L'V'"g Room Suite : A Practical Two-in-One Combination started by the back-firing of gasoline ',ff'dfiru"'f 1:0-“ Ry Tm‘ Ra0) e You may have the satisfaction of possessing a suite like this at a small cost! What every home should possess! A suite that provides a big, full size, com- | alley’'s two companions who were fa 4 ar “hair . 1ee - T oy H a) H atr- . = . g = forced to jamp overbosrd with him A sofa and two (unuh(mT comprise the group. Upholstered in genuine mohair; $ fortable bed, concealed in the davenport. Bed-davenport and two armchairs $ < e ot Tearaed carved mahogany base rail¢ covered in mohair. Loose spring-filled seat cushions. ! | ROAD TO BE OPENED NO MONEY DOWN—The HUB : NO MONEY DOWN X - $179 Three-piece Bed Davenport Bpecial Dispatch to The Star. | $89.00 Three-piece Jacquard $159 'I\I‘Y"e'l‘i"“’ Living $109 Three-piece Bed-davenport o SEDHADTONNIML AugeiSn Melour-covered I ivin e [Room $ Room Suite, upholstered in $ Suite. upholstered in velour. Bed ’ Suite, upholstered in mohair. Loose $ Leonardtown-Washingion, State Highe | 5 . genuine mo sofa and two davenport and two armchairs to spring filled seat cushions. Bed- e ¥ Suite ; sofa and two armchairs..... armchairs .. ol Reduiced o Pavanonet il swadariichaivs: way “H'u:;l ‘f‘;lfll‘ (lj“ LA:;:YAH:““A‘L. ) . . Bl be “opencd by the-ehd uf this‘week NO MONEY DOWN NO MONEY. DOWN! ‘The new part of the rusd covers 6 - v miles. Work on the plece fram love- ville to St. Marys City will start in 1934. The contract hus not been ad- o mm - No Money Down | Refrigerators g W | -~ Py ~p $1. “Reliable” Electric Refrigerator : No Money Down | e double v A This Metal i | en splin = Fe All-Metal Refrigerator | | | e g e il L This is one of Lawn Swing $11 95 ,, :_1}@-71-“”1 Youn pay more to i ; WAL @Il the finest Electric Complete with s 75 . T e e e U Refrigerators 7 - . save now! Genuine oD EE s ME money can buy! ; t mahoginy LYMipGE. Il Guarantead to give finished in en- Beautifully Roomy bookcase snd o < . manueript - compart- : i §at|sl;{ct0r_\" serv(i Rustic " i ; ice. Lquipped, ments. No Maney o ! 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