Evening star., 1941-02-28

and md Thomas II mass. B. Il 80
Clarkson, treas LLOYD B. Wilson.
urPr.
Other officers elected were Frank
lin H. KenWorthy. general auditor;
F. w. Bradbury, auditor; E. G.. Bliss.
assistant to general manager: D.
Z. Mccoy. general commercial man.
ager; r w. Prince. chief engineer;
S. F. Merriam, general traffic man.
ager, and J. c. White, general plant
manager.
Expenditures amounting to ap-
proXimately $4,000 for the con-
struction of telephone plant and
installation of equipment in the
District were approved by the di-
reCtOrS. OF the amount authorized,
Sl73000 will be spent to install pri-
vate branch exchange and asSoci-
ated equipment for several of the
Company's large business sub
scriberS.
Approximately S24OOOO will be
spent to provide additional under
ground cable in several sections of
the city. More than S497000 was
authorized for the installation of
the fourth unit of dial equipment
in the Georgia central Office.
Transit Net Income Scars.
Net income of the Capital Transit
Co in January scared 9231 per cent
above January, 1910, it was reported
today to the Public Utilities Com
mission. Net income totaled S68.-
35796. against only S6681 55 a year
ago. or a gain of S61676.4l.
The report shows that heavy 1910
snow bills had lot to do with the
Better showing this year. Removal
Of snow from the tracks in January
while this year the bill was only
$500 This was not all gain, how
Cver, as the increase in wages grant,
cd last fall amounted to between
100000 and $4,000
Operating revenues in January
amounted to S1,18412446. up S145,-
01O.57, or IA per cent, Operating eX-
penSes of 1929 406.5l were S48, ,582 Is
more than last year. Taxes called
for S106,708.77, up more than 5000,
or 81 per cent. Depreciation Of S120,-
HOOP was S7,37093 more than a
year ago.
Revenue passengers numbered
17031074 against 14947,732 year
ago. an increase of 2083,342, or 1879
per cent, today's report said.
Capital Store Sales Climb.
Department store sales in Wash
ington in the week ended Febru-
ary % climbed Is per cent above
sales for the week ended February
"a, 1910. and were e per cent
ahead of the previous week this
year. the Federal Reserve Bank
of Richmond announced today.
Sales in the whole fifth district
gained IA per cent in the week
under review, were up 10 per cent
in Baltimore and 10 per cent in a
group Of other cities. Sales in the
fifth district exceeded the previous
week this year by Is per cent, were
up 7 per cent in a group of cities
and l per cent in Baltimore.
In the four weeks ending Febru-
cry %, the Capitals department
stores scored II per cent gain over
the corresponding period year
ago, while the average upturn for
the fifth district was 18 per cent.
Baltimore recorded a q per cent
advance and group of other cities
boosted business by 16 per cent over
last year.
The percentages are based on
reports from 18 leading department
stores including for the first time
he Baltimore store of Montgomery
Ward & Co, the Richmond bank
said.
c. & P. Net Income Rises.
Net income of the Chesapeake &,
Potomac Telephone Co. in January
amounted to s169, ,O68, compared with
Sl650 078 in January, 1910, a gain of
S4,010. according to the monthly re-
port filed with the Public Utilities
Commission today.
Operating revenues totaled $1,225,-
DAT, against $1083, ,408 a year ago
Operating expenses were also higher
$870,443 comparing with $757 ,399 in
January, 1910. Operating revenues
were 1909 per cent higher and oper-
ating expenses, including taxes, were
up 1431 per cent. Taxes alone
amounted to S122682, an increase OF
$11,318, or 1915 per cent over Janu-
ary, 1910.
There were 278,333 telephones in
service at the end of January, which
is an increase of 3,007 telephones
over the previous month. Telephone
users made $685., 900 calls during the
month, or 4,194000 more than in
January, 1910.
Heard in Financial District.
Georgetown Gas SIS sold at a new
1941 high mark on the Washington
Stock Exchange yesterday in the
$1,000 transfer at 125. This was g
full point higher than they have
previously sold this year.
A bill has been introduced in the
New Jersey Legislature to make
Saturday legal holiday in the bank!
the year around. Some of the New
Jersey banks were among the frs
in the United States to adopt Satur.
day closing during the summer
months