Evening star., 1941-09-30


April --- l4787l,745 lis ,580,39C
May ------ 152, LOT ,408 118, $40, ,256
June 142 ,574,129 118,379,25i
July ----- 149,138,656 1858, 49,
August --- 141,220,535 109 ,602 ,295
September 146,967,221 11O,l34,234
Utility Nets Satisfactory.
Earnings of Washington'S foul
big utility corporations in the first
eight months of this year were
generally satisfactory, according tC
the financial statement filed with
the Public Utilities Commission
Two reported larger net income;
than a year ago. while the others
were slightly lower, higher operat-
ing costs, including taxes, cutting
into the net returns.
The Potomac Electric Power Co
announced net income for the eight
months as $2,847,397ll, compared
with $2,672,01290 a year ago, all
increase of SITS ,38431.
The Chesapeake & Potomac TeIe-
phone Co. statement showed net
earnings of s1,200,373, in comparison
with Sl,265,394 in the like 194(
period, a slight drop of s65,5l6.
The Washington Gas Light Co
registered net income of 1895 1882
against 1897 ASS last year, a tiny dip
of S573. The report disclosed ar
increase of 1926, ,437 in operating ex-
penses.
The Capital Transit Co. placed or
the books net income of S71195436
compared with s469, ,7Ol45 a yea.
ago, an increase of s243, ,252 81, O
519 per cent.
Pointing to the large sums re-
uuired for utility extensions, one
utility official said today that the
Capitals recent growth has beer
equivalent to the sudden addition Of
a good sized city to normal neea;
and facilities"
Further Credit Study Planned.
Clarence F. Burton, chairman ot
the Consumer Credit Committee ot
the D. c. Bankers Association anc
president of the City Bank, is plan
ming to hold a meeting in the neal
future for the purpose of discussing
regulation Wv" This meeting will
be attended by senior and junior
officers of all member banks of the
association. Mr.. Burton states thai
he expects to have a representative
from the Federal Reserve system
present at the meeting to answer
questions.
The association already has helc
one meeting for the discussion ot
regulation Wv" At that time Ken.
ton r. Cravens, chairman of the
A. B. AS Consumer Credit Council
was present to answer questions.
Initiation Survey Distributed.
Imitation and the Investor" j
the title of pamphlet being dis.
tributed among clients by the Wash.
ington Office of Hemphill, Noyes &
Co., which contains many interest.
ing observations.
A long war will inevitably cause
initiation which in this country may
be confined to a rising trend of costs
and prices but which in certain
other countries may be carried t
its ultimate end of monetary in.
f1ation. the survey says.
The history Of many inflationary
movements is given. Comment!
upon the economy of other nation.
indicate the first phases of imitation
have already occurred in England
as indicated by the index of whole.
sale prices, a worldwide inf1ationary
cycle is probable, the writer believes
Bank Women Name Leaders.
Miss Emma E. Claus, secretary
treasurer of the Bankers Trust Co
Gary, Ind, was elected president o
the Association of Bank women, a
the Chicago convention, it was an
nounced here today.
Miss Henrietta J. Fuchs, trust of
ficer, Underwriters Trust Co., Ney
York, was named vice president
Miss Gertrude GreenWald, Gary
Ind. recording secretary; Miss Ger
trude NJ. Jacobs, Milwaukee, CORE
spending secretary, and Miss Ann T
Fryer. Providence, R. l., treasurer.
Miss Hilda M Hoffman, Bower
Savings Bank, N. Y, was electe
regional vice president for the Mid
ole Atlantic territory.
Financial District Comment.
Union Trust Co. stock recently ha
shown steady gains in quotations /
the over-the-counter market. Quo
tations at the week end stood at
bid, with 80 asked.
The Capon Valley Bank, WardenS
Vile, w. Va, has become a membe
of the Federal Reserve system. it
announced by the Federal Reser'
Bank of Richmond.
The Washington Office Of Armol
& Co. announces that the firm
lust entering it's 18th year in tt
packing business. At present thel
are 100000 stockholders and the flrl
gives employment to 10000 men ar
women.
on the Washington Stock E.
change today there was a l45-shal
sale of Mergenthaler Linotype
Is and 27 shares of Washingto
Gas common came out at 20.
In the bond division Capital Tra'
ton SIS were in good demand at II
end 10474. Washington Railway
Electric As appeared on the board