Evening star., 1941-06-27
Capital Transit Net
Far Above Year Aqo
During May
Sl56,862 Represents
SO Per Cent Guin
Over 1940 Levels
BY EDWARD c. STONE.

Co. In May reached sl56.662 06,
against s104.526.34 in May. 1910, a
jump of s52,33572 or SOL per cent.
according to the monthly report
filed with the Public Utilities Com
mission today.
Operating revenues totaled ST.
1863 66l 03, an increase of 1921, 7,849 48
over the same month last year, or
2l.l per cent At the same time
total operating expenses, taxes and
depreciation called for Sl,146,517.56
substantial increase of S165, 1868,
or 1913 per cent, leaving an operating
income of $217,14347, which was 81
per cent better than year ago. |
Gross income showed the same per-
centage gain.
The increase IN passengers carried |
on the cars ano buses was again |
impressive. May revenue passengers |
totaled 19,279,243, compared with
l6.114,455 a year ago, gain of
3,164,766, or 1876 per cent Car miles
were up IA per cent and bus miles ,
13 per cent over May last year.
Capital Transit's net income in
the first five months of this year
totaled $527.71806, compared with !
1902 046.12 in the like 1910 period,
notable pickup of S225 ,67194, or
TAT per cent, the report disclosed.
Operating revenues totaled So
34l ,6O274, an increase of $3.50, ,568.57,
or us per cent. Operating expenses
were up sharply, requiring $5.417.-
087 85. an increase of S7l0,30505. or
Isl per cent. leaving operating in
come amounting to S8245l488, an
increase of 1920 263. So, or 36.5 per
cent.
Revenue passengers numbered So
l22.270, against 76,310558 year
ago, a rise of 128l1.712, or 1853 per
cent.
{. & p. Net Down Slightly.
Net income of the Chesapeake e.
Potomac Telephone Co. for May
amounted to Sl57,l05 which. owing
to heavy expenses. was S8,457 less
than in May year ago, according
to the statement filed with the
Public Utilities Commission today.
Operating revenues totaled $780,
a4l. against S1,1l0,660 last year;
operating expenses called for $942,-
SAT, against S784693; taxes required
S125,149, compared with Sill ,532.
Interest deductions were also higher,
s85.373, comparing with S51 1893 last
year
For the first five months Of 194l
net earnings amounted to 1851 .042,
against 1922, ,767 a year ago. gain
of S28275, the report stated. Operat-
ing revenues amounted to S6,233 $50,
against S5.4277l0; operating eX-
peuses reached S4.4084l0, compared
with S3,803,862; leaving operating
revenues of s1.824,849 VS.. sl,623,S48
a wear ago. Taxes were higher and
interest deductions also climbed
from last year.
There were 292. .093 telephones in
service at the end of May, which
is an increase of 3,l74 telephones
over the previous month. Telephone
users made 38,786000 calls during
the month, or 4,796,000 more than in
May. 1910.
Eighteen Dividends Due Soon.
Eighteen stocks listed on the |
Washington Stock Exchange are to
pay dividends in the next few days,
the largest number to make dis
bursements in long time. Several
others have just passed out the !
checks due at this time. While
some issues are not marked for reg
ular dividends, every stock on the |
list has paid something to stock
holders so far this year.
Among the listed stocks on
which dividends have recently been
declared are American Telephone,
Capital Transit, American Security
& Trust, Bank of Bethesda, Bank
of Commerce & Savings, Lincoln
National. National Bank of Wash
ington, Firemens Insurance Co.
National Union Fire Insurance Co.
Columbia Title Insurance Co. and
the Real Estate Title Insurance Co.
Also being quoted without the
coming dividends are Carpet Corp,
Carf1nCkel common, Garflnckel pre-
ferred, Mergenthaler Linotype, Real
Estate Mortgage & Guaranty pre-
ferred, Terminal Refrigerating e.
Warehousing Corp, Woodward e.
LOthrop common and preferred
The Potomac Electric Power and
Washington Railway & Electric is
sues are among those which have
just paid dividends, several bank
stocks also being in this list
ITa III
preferred dividends have just been
declared but the stocks are not
yet quoted eX dividend The COM
plete record is most impressive and
indicates highly favorable earnings
by all these listed stocks in the
first half year. While most of the
disbursements have been regular
payments, there has also been quite
a sprlnkling of extras"
Reserve Bank to Expand.
Increased activity of the Federal
Reserve Bank of Richmond has
caused such demand for additional
space that the well in the bank
building extending from the first
to the sixth floors is to be built in,
according to Hugh Leach, president /
Workmen already have begun the .
task of filling in the open space
with flooring to match the rest of .
the building which, when completed |
will give the bank approximately |
5000 square feet of additional space.
During progress of the work
complete air-Conditioning plant will |
be installed, Mr.. Leach said. The |
work is to be completed some time
In early August.
Financial District Comment.
Edward L. Hlllyer. vice president |
Of the Union Trust Co, will return |
next week from a short vacation in |
Northern Michigan.
D. j. Needham, general counsel |
of the American Bankers Associa-
ton, has concluded a series of lee
lures on Government and Bank
ing" at the Graduate School of
Banking, Rutgers University. Mr.. |
Needham is to address the Trust !
Conference in Seattle in August,
on Events in Washington and Cur