Evening star., 1941-09-26
Capital Transit Net
AT SS1,663 Mark
During August
Result Sharply Above
s2e,6ol Reported for
Same 1940 Month
Nv EDWARD c. STONE.
DIV INV lIIttV u y II W.T.
coari,,o opotber notable advance,

wear ago, an increase of 1902 OF
207 per cent, according to the
monthly statement filed with the
Public Utilities Commission today.
Operating revenues showed a gain
of s272. .90795. but operating eX-
nenses were up $181 334.99, leaving
an increase in operating income OF
S4414603.
Revenue passengers numbered lo,-
7275O8 against 14679 ,642 a year ago,
an increase of 4,047 1856 or 27.6 per
cent.
In the first eight months OF this
wear net income totaled Sill .954.34,
a share increase of S243,25291 or
ST per cent over the like 1910 period,
There was a gain of 23,807 ,463 in
revenue passengers carried or 1877
per cent. the report said.
c. g. P. August Net OFF.
Net income of the Chesapeake &
Potomac Telephone Co. for August
amounted to S104,273, which was
s45.9O7 less than in August, 1910,
according to the report filed today
with the Public Utilities Commls-
sion.
Operating revenues, for August
were S1315.697, against 81 1,090,239 a
wear ago. and operating expenses
were S1,O16,66l, as compared with
S783,5l4 in August, 1910.
For the eight months of l94l, op-
Grating revenues were 1902 per cent
higher than for the same period
last year, While expenses, including
taxes, were 1890 per cent higher.
Taxes in August amounted to Sl05,-
284 Net totaled 81 200 ,378, against
81 .265 1894 a year ago.
There were 301 ,211 telephones in
service at the end of August, 194l,
which is an increase of 3,411 tele-
phones over the previous month,
Telephone users made 35,774,000
calls during the month, or 5,8l8,000
more than in August, 1910.
A. B. A. Delegation Listed.
Leaving the Capital tomorrow and
Sunday for the annual convention of
the American Bankers Association
in Chicago will be a delegation of
more than 80 flnanciers and high
Government officials, all anxious to
be present at the opening business
session on Monday. For the early
arrivals there will be a reception at
the Stevens Hotel on Sunday after
noon.
Among the Washington bankers
will be T. Stanley Holland, presi-
dent of the District Bankers ASSoci-
alton, trust officer and vice presi-
dent of the American Security &
Trust Co. John Saul, and F. P. H.
Siddons, vice president of the same
bank, also will attend.
Others include Francis G.. Addi-
son, jr., president, Security Savings
e. Commercial Bank; C. F. Burton,
president, City Bank; NJ. F. Calnan,
president, Liberty National; R. j.
Dooley, vice president and cashier,
National Bank of Washington;
Ralph Endicott, assistant treasurer,
Washington Loan & Trust Co.. and
Robert v. Fleming, president, Riggs
National and former president of
the A. B. A, who will be accom-
panied by his son Robert
The list also includes Thomas J..
Groom, president, Bank of Com
merce g. Savings; S. William Mil
Ter, treasurer, and J. Wesley Clam
pitt, jr.. assistant trust officer. Un-
ion Trust Co.; John A. Reilly,
president, Second National; William
j. Waller, vice president and CASH
Ter, Hamilton National; George O.
Vass, vice president and cashier,
Riggs National. and Charles H.
Doing, vice president, Washington
Loan e. Trust Co.
Federal Officials Listed.
Henry Morganthau. jr.. Secretary
of the Treasury, is one of the head
line speakers. Albert w. Atwood,
of Washington, is also on the pro-
gram.
From the Federal Reserve Sys-
tenn will be John J. Mckee, NJ. S.
; Szymczak. Glenn NJ. Goodman, r.
F. Lee, r. F. Leonard, Leo H.
Paulger, Ronald Ransom, and K. R.
Cravens; also L. w. Kelly and C. F.
Wilson, controllers office: w. P.
Folger, chief national bank ex-
aminer, and Julian T. Baber, United
States Secret Service.
The Washington Office Of the A.
B. A. Will be represented by D. J.
Needham, chief counsel; J. o. Brott,
assistant counsel; Ernest M. Fisher,
research expert, and Miss Thelma
Boes, secretary.
Senator Tom Connally will take
part in the program and John J.
'O'Connor will represent the United
States Chamber of Commerce. Also
in the delegation is T. Howard
Duckett, president, Prince Georges
Bank & Trust Co., HyattsvilIe.
ID. c. Trade Up Is Per Cent
Retail trade in Washington de-
partment stores for the week ended
September 20 showed a substantial
gain of 13 per cent over the cor
responding week last year. the Fed
eral Reserve Bank of Richmond
announced today, the upturn being
higher than the per cent advance
In the previous week.
The upturn in sales in the Fifth
Reserve District was 19 per cent,
while Baltimore enjoyed a trade
jump of % per cent over last year
and a group of other cities an 18 per
cent rise.
Washington stores reported an IL
per cent pickup over the previous
week this year. The average for
the fifth district was u per cent
better than in the week ended Sep
tember 13, II per cent in Baltimore
and 81 per cent in the other cities.
For the four weeks ended Sep
tember 20 department store sales
in the Capital were Is per cent
above last year, rose t8 per cent
in the whole district, 20 per cent
in Baltimore and 16 per cent in the
group of other cities, the Richmond
bank stated.
Bank Officers Reelected.
Directors of the Bank of Com
merce & Savings late yesterday re-
elected these following officers fol