Evening star., 1941-10-24
Best September Net
On Record Shown
By Capital Transit
S145, ,e0l Contrasts With
Se5, ,608 for Same
Month of 1910
By EDWARD c. STONE.

Df LIZ w EhAhh ~ . o-NEs
Net income of the Capital Transit
Co. in September reached Sl45. .9Ol g.
compared with .S95 .608 40 a year ago
an increase of $50, ,293l3 or 526 per
cent, according to the monthly re-
port filed today with the Public Util-
tiles Commission. 1t was the best
September in the company's history.
Operating revenues in September
we're 81 1853, lot as compared with Sl,-
074,902 last year. Operating eX-
penses called for $913,55o against
s7l0,627 while provision for depreci-
iation took $13O,639 compared with
S1l3,514 last year, the increase be-
ing attributed to the new streetcars
and buses put in service.
Interest charges required S58 681
compared with $59,l2l year ago.
Taxes again were higher, SIZE, 1886
comparing with S102828 in Septem-
Der, 1910, leaving an operating in
come of S19858225, an increase Of
S51,548.75, or 35.l per cent.
Revenue passengers totaled 49,
375,80O, an increase of 4,353 1854 or
29 per cent over September a year
ago. The months earnings are par
ticularly impressive in view of the
fact that September is rated as a
summer" month";" and has only 80
days.
In the first nine months of this
year Capital Transit had a net in
come of S857,85598. against. S564,-
3O994 in 1910, a sharp increase OF
S293. .546O4 or So per cent. Revenue
passengers numbered 164 247,052, a
startling increase of %, l60,862, or
20.7 per cent.
Store Sales Gains Smaller.
Department store sales in Wash
ington and the rest of the Fifth Re-
serve District slowed down further
in the week ended October Is, the
Reserve Bank of Richmond an
nounced today. Trade in the Capt.
tai registered a gain Of s per cent
over the corresponding week a year
ago, while sales were up 10 per cent
in the previous week over last year
and % per cent in the week ended
October T.
In the week ending October 18,
sales in the Fifth District were l
per cent better than year ago.
They were 8 per cent higher IN
group of other cities but in Baltl-
more were 7 per cent below the same
week a year ago.
Sales in Washington were Is per
cent larger than in the previous
week this year, gained 4 per cent in
the Fifth District and 18 per cent
in a group of cities. Baltimore
sales were 9 per cent under last year.
Washington led the four-week pc
riod ended October 18, with gain
over last year of II per cent. Sales
in the Fifth District were up II per
cent the same amount in a group
of cities and disclosed the same ad-
vance in Baltimore, the Richmond
Bank said.
Mergenthaler Hits New Peak.
Mergenthaler Linotype, which has
been very active in recent sessions
of the Washington Stock Exchange,
reached a new 1941 peak today
when two 10-share lots sold at 27
The stock closed yesterday at 2612.
The final bid today was q, with %
asked. The revived interest in the
stock is due to the expected favor
able annual report.
Capital Traction IS opened today
at 1O41s and sold later at l05.
washington Railway g. Electric
preferred registered 1864 on a small
sale.
National Mortgage & Investment
preferred appeared on the board,
100 shares selling at 5, up s. and a
new 1941 high mark.
Auditors Hold Fall Meeting.
Members of the Auditors Section
of the District Bankers Association
held their first fall meeting last
evening, with a dinner at the Lee
Sheraton Hotel Lewis E. Thomas,
assistant cashier Of the Liberty Ma
tional Bank and new chairman of
the section, presided.
Committee reports were presented
and Arthur j. Linn Of the Hamilton
National Bank gave an interesting
account of the annual meeting in
Chicago of the National Association
of Bank Auditors and Controllers
which he and several other Wash
ington bankers attended.
Chairman Thomas welcomed six
new members to the section.
New Savings Record Reported.
Americans in 1910 saved money at
the yearly rate of more than $780,
O00,O 900, an all-time high since the
boom years of 1925-1926
During 1910. the latests year of
available statistics. this was the net
gain in savings represented by pri-
vate investments in savings and loan
associations, life insurance policies,
savings deposits in banks, postal
savings and United States savings
bonds, according to the October
issue of the Federal Home Loan
Bank Review This brought the
volume of such savings and invest
ments outstanding at the year end
to $4,000 900 900.
ITdue OdnlS III All DiStTlCtS'
For the first time in months. the
retail trade gain of 10 per cent in
September in the Fifth Federal Re-
serve District, over last year, was
not up to the advances in the other
II districts, the Reserve Boards
monthly trade review discloses. San
Francisco made the best record, with
Cleveland a close second Per-
centage comparisons for September
and the first nine months of this
year, with 1910, follow:
Reserve Districts. Sept. a4l 8 Mos.
No. | tBoston) 26 - j.