Evening Star Newspaper, March 29, 1937, Page 16

A—16 = THE EVENING STAR, WASHINGTON, D. C, MONDAY, MARCH 29, 1937. NET OF NORFOLK RWESTERNSOAR Profit for 1936 Represents 21.55 Increase Over Previous Year. Bs the Assoclated Press. ROANOKE, Va., March 29.—The Norfolk & Western Railway reported | gross operating revenues for 1936 of $94,864,293.54. an increase of $16,819.- 909.16, or 21.55 per cent, over 1935 “due to general business improv ment.” Freight revenue, accounting for the | major portion of the gain, increased from $73,661,074.79 in 1935 to $89,- | 003,067.29 last year, while revenue | from passengers rose $378.658.64 to | $2.220,260.39, and revenues from other sources increased $199.258.02 to $2,- 740.965.86. The. railway's operating expenses totaled $50,147,898.88 for the year, an | increase of $5,648,733.92, or 12.69 per | cent, | Net revenue from operations totaled | $44,716,394.66, an increase of $11,171,- 175.24, or 33.30 per cent, and the in- come balance, after paying the regu- lar 4 per cent dividend of $919.692 upon the adjustment preferred stock, | was $31.989.832, an increase of $10,- 366,638.92, or 47.94 per cent “It should be noted, however,” the company said, “that in 1935 an extra dividend upon the common stock, amounting to $2,812,966, was charged against the earnings for the year, while in 1936 the extra dividend was a charge to surplus. . “Quarterly dividends of $2 per share and an extra dividend of $5 per share, a total of $13, were paid upon the common stock and charged to surplus. | ‘This compared with a total of $10 tor{ 1935, of which $2 per share was an| extra dividend paid March 19, 1936, and charged against 1935 earnings.” The total dividends on common |, stock last year were $18,284.279, an | increase of $4,219449 over the pre- vious year. The number of passengers carried by the railway during the year reached 1,693,434, a gain of 262,394, or 18.34 | per cent, over 1935. The line carried | 49,193,930 tons of freight, including 39,655,390 tons of coal. LARGE INCREASE SEEN IN TREASURY DEPOSITS 85 the Associated Press. NEW YORK, March 29.—Treasury deposits with the Federal Reserve more than trebled during the latest week as income tax payments flowed in. Although the increase was smaller than had been anticipated in official circles, it sufficed to chop a large slice of bank reserves by reducing balances of tax-paying individuals and corpora- tions. Government deposits with the Fed- [ [ J eral Reserve, reported by the Reserve Board, compared as follows | Week ended March 24__ $279,000,000 | 000 Previous week - 87,000,000 | Same period last year _ 1,147,000,000 | — . OIL SHARES OFFERED. NEW YORK, March 29 (#).—Public offering was made today of 40,000 | shares of $1.50 cumulative convertible | preferred shares of Eason Oil Co., Enid, Okla., at $25.75 a share, and 136,000 $1 par common shares at the market price. Washington Exchange SALES. Capital Traction 55—$500 at 93. Washington Rwy. & Elec 45—$1,000 | at 105%, $1,000 at 1053, $1,000 at | 105%, $1.000 at 10534. H AFTER CALL. | Potomac Electric 6% pfd—5 at 1137, 6 at 113. Bid and Asked Prices. BONDS. ”r,““m : Take a fip from the hundreds of motorists who participated in Bl o these tests. Put Blue Sunoco up against any other gasoline in Amer. Tel. & Tel. (9)._ #1701 e town by festing it right in your own car. Prove for yourself that Wash. 035 Lt 1 P i ‘s 1i igh- i i ; en T et e courar Blue Sunoco’s lively, high-test action is unsurpassed, ev Tk M by extra-priced gasolines. See if you don't agree that today’s B o508 o greatest value for your gasoline dollar is ... Blue Sunoco. Riggs (e8) Riggs fd. 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" . - : o 7 : . ) better all.q TONIGHT--UP TO 8 p.m, ) . _ g g o Performance Or Any Ti : g : i ‘ : : : Tomomow” || The Ross Federal Research Corp., nationally ~ The tanks of these cars were then filled with After these motorists had sufficient time to Table above shows what these motorists re FOR | -findi nizati this “'mystery gasoline.”” This unknown motor ~ compare the performance of this uncolored ported after comparing Blue Sunqco against 54 e DUPONT’S 1::;:’:1}5:: ifid:i?i;;g:epar:to:i :istli(:: t: 2te1541 tuel wa: Bh?; %unoco, with the color left out. Blue Sunoco in their own cars against the othergasolines, 11being ex_tra-pnced: Further- : ) a “mystery gasoline”’ in their own cars. First ~ E. W. Saybolt & Co., petroleum testing gasoline they had used prgviously, Ross more, 85% of the extra-priced gzslo)hne fliers ECONOMY FINIBEED —the tank of each car was drained of the authorities, checked this “'mystery gasoline” Federal investigators asked their frank, honest sta!ed. ’thatBlu_e Sunoco performed better than LAUNDRY SERVICE gasoline it had been using. and certified that it was regular Blue Sunoco. opinions of the unknown motor fuel. the higher-priced fuels they had been using. Everything Washed and Ironed. Flat work and wear. inc apparel finished S. f ~ v | \/ NO SECOND GRADE ) [.]l ‘ "] ll l.,1|’;‘ . . ‘ NO THIRD GRADE Call CO. 7020 now DUPONT LAUNDRY 2535 Sherman Ave. Co. 7020