Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-31
Capital Transit Net
In September Shows
TIA Per Cent Rise
Nine Months Income
Of 1854 300 Is Also
Far Ahead of 1889
By EDWARD C. STONE.

or 1144 per cent, according to the
financial statement just filed with
the Public Utilities Commission.
September operating revenues
totaled S1,074 ,002 %, an increase of
s97,43l83 or 10 per cent. Operating
expenses were kept we'll in hand,
$7l0,62709 being only $294O5 89
higher than last year, or 4.3 per
cent.
Taxes called for s1O2 ,828.06, an
increase of S16,95l79 over last year
or 1877 per cent. Depreciation
amounted to S113,51365, about
$1,000 more than a year ago. leaving
an operating income of s47O9685.
Gross totaled s154,72986 against
sos ,52342 last year. From this was
deducted $50, 121.37 for payment of
bond interest, leaving the above
surprising gain in net income. Rev.
enue passengers in September num-
bered l5,022,436, an increase Of
1,l07, 026 or per cent, the report
reveals
Nine Months Net S564,3O9.94.
The Capital Transit Co. included
the statement for the first nine
months of this year which dis
closed a net income of 1854 ,309 "a in
comparison with S405, 735 06 in the
like period in 1899, an increase of
$158,57488 or 80 per cent.
Operating revenues totaled SO, ST.
48377, a jump of 1862 1882 or 80
per cent. Operating expenses reach
ed s6,608, 09977, up $466, 520,58 from
last year. Taxes called for S846,-
00l54, an increase of S23,390 IS and
depreciation required $l,022 ,09341,
up over $4,000, leaving a total for
the three items of So ,476, 19472 or
$508 1896. 81 more than last year and
gain of ga per cent.
Total income from operations
amounted to S1,O5l ,28905 and gross
totaled Slot Alto from which in
terest deductions we're made
amounting to $543,16776. The re-
port showed the number of revenue
passengers carried on street cars and
buses during the nine months as
136 086 ,225, an increase of 9,178,836
over the like months in 1889 and
a gain of To per cent.
The September report is one of the
best made to the Commission for
any month since the Capital Transit
Co. began operations, the revenue
passenger increase rejecting the
steady growth of population in
Washington and surrounding terri
tory.
The sudden jump in the price of
Capital Transit stock to $3.50 per
share on the Washington Exchange,
together with turnover of 440
shares yesterday, indicates that
most favorable earnings statement
had been anticipated before the re-
port was filled. The buying wave"
also indicates a rise in dividend
probabilities.
Fifth District Trade Jumps.
The broadening influence of the
defense program is causing in
creased activity in trade and indus
try in the fifth reserve district, the
Federal Reserve Bank in Richmond
reported today in a summary of
september business conditions, says
The Associated Press.
Normal commercial business was
up to or above seasonal levels in
most lines, with retail trade in de-
rartment stores 25 per cent above
the August volume and 9 per cent
greater than in September, 1889.
Furniture sales were per cent
greater than in the previous Sep
tember.
Building permits in 81 cities of
che district, which embraces Mary
land, the District of Columbia, Vir-
ginia, North and South Carolina,
and most of West Virginia, were up
30 per cent over the corresponding
month of 1899. Contracts actually
awarded were 9 per cent greater,
but showed a 26 per cent decline
from August's unusually high fig
nre.
Textile mills reported increased
ectivity and tobacco markets in Sep
TENDER sold 80 per cent more to-
bacco for 100 per cent more money
than in September, 1889 when the
markets were closed most of the
month after foreign buyers with
drew.
New automobile registrations were
5 per cent less than in September,
1899, due principally to a difference
In dates for introduction of new
models. Wholesale firms reported
sales down per cent over Septem-
Der year ago.
Lanston Declares Dividend.
Directors of the Lanston Mono
type Co., meeting here yesterday,
declared a dividend of Is cents per
share on the outstanding stock, pay
able November 80 to stockholders OF
record November 20. The dividend
will be paid out of earnings for the
quarter. Three months ago Lanston
directors declared a dividend of so
cents per share.
Lanston Monotype stock is listed
on the Washington Stock Exchange,
selling on the Exchange today at 2212
and 22A. 1t is widely held in the
Capital.
Exchange Trading Lively.
Lanston Monotype sold on the
Washington Stock Exchange today
at 221s, same as yesterday and also
at 224. Washington Gas Light pre-
ferred stock was strong at 1852.
Riggs National Bank common
stock registered sales totaling As
shares today, all at 270. This was
the same price as was recorded in
many sales yesterday.
Forty-two shares of Capital
Transit stock changed hands at
49,, against Is yesterday, and a
new high mark for 1910.
Peoples Drug Stores common stock
appeared on the board in 100-share
sale at 2012, also 1910 high mark
The market closed with IS shares
of Potomac Electric Power 512 per
cent preferred stock moving at 11512
the highest the stock has sold in
many sessions.