Evening star., 1942-07-24

NOTLn CdTOllna ------ -
South Carolina +22 liz
Weekly Sales Also Jump.
Department store sales in the Capi.
tai for the week ended last Saturday
July 18, scored % per cent advance
over the corresponding week a year
ago.
Cumulative sales in the Capital in
the four weeks ended July 10 were
II per cent better than year ago,
were up 13 per cent in the whole
district. in Baltimore and IA in
the other cities, the report said.
wide satisfaction over the way that
retail buying has held up so far this
year. Predictions made early in 1912
of sales letdown have never
materialized.
q. The buying wave remains un-
Abated, latest inventory reports in
dicating that the stores have ample
goods for sale.
Capital Transit Net Scars.
:. Net income of the Capital Transit
Co. In June amounted to $194, ,229 "a
against $ll7,723 in June a year ago,
4 gain of $76,506.84 or IS per cent,
according to the monthly report
filed with the Public Utilities Com
mission today.
50 Operating revenues in June were
e2,031,747 as compared with $1,292,-
sS3 last year; operating expenses
were $1,266,423 as compared with
es48,8l2. Provision for deprecia-
ton was $780, against $13o,212
last year. Interest charges were
463,536 compared with $58,757 in
June, 194l. Taxes were $377 ,l36
compared with. $l67, 1893.
z Revenue passengers carried dur
ing June numbered % $50, ,602 in
comparison with 18.404,971 a year
igo, q tremendous gain of sos per
cent or II, ,155 ,631, the report showed.
The company made a very fine
showing in the first half year, re-
porting net income of $840, 1876 50,
compared with $645, ,44l.06 in the
1rst six months of l941, an increase
tf $194, ,697.56 or 302 per cent.
&Revenue passengers numbered 157,-
N80, SIS, a huge increase of 1888 1894
br 465 per cent over the first six
months of 194l.
2 Bank In Record Bond Pledge.
OfIicers and employees of the Prince
Georges County Bank & Trust Co.
ut Hyattsville, meeting after bank
ing hours Tuesday, adopted payroll
deduction plan of placing IS per
cent of the earnings in United States
War savings bonds.
All employees of the bank voted in
favor of the plan, officials said, in
proudly reporting the 100 per cent
action. The banks officers also be-
lieve that the Is per cent payment
from incomes is the highest adopt.
ed by any bank in this territory.
Other banks urging the income
deduction plan for War bond pur-
chases have suggested 10 per cent
the figure named by the Treasury
The action was wholly voluntary
based on patriotism and the valu.
of the bonds as an investment
Prince Georges Bank officials said
Loan Assets at New Peak.
The semi-annual statement of th'
District Building & Loan Associa
ton, distributed to patrons today
revealed a balance sheet of $2,898,
800, highest figure recorded in th'
associations 81 years activity.
Investment and savings share
are listed as $2,524,9o3, with sur
plus and reserves in excess of $106.
600. First mortgage loans on Dis
trict of Columbia property exclu
sively total $2,687 900 Of the firm
investments.
Oficers include George A. Baker
president; Henry Gilligan. vice pres
ident and attorney; F. Willsol
Camp, secretary treasurer, ant
Dom B. Thomas, assistant secre
tary treasurer.
Directors include John H. Davis
Charles H. Frame. William F. Erie
Warren w. Grimes, Otis F.. John
son, Harold A. Wood and the Off
GERS
Steamboat Dividend Voted.
Directors of the Norfolk g. Wash
ington Steamboat Co. have declare
the regular semi annual dividend c
2 per cent, payable August IS t
stockholders of record August S,
was announced today.
Garfnckel common registered
45-share sale on the Washingto
Stock Exchange today at 87s, agains
the last previous sale at 9, TIL
market closed with 712 bid and 81
asked.
w. E. Dent, general manager c
Smiths Transfer & Storage Co., hs
been appointed an ensign in tn
United States Coast Guard. Albel
M. Bishop, assistant general man
ager, will be promoted to take h
place, Arthur c. Smith, presiden
announced today.
J.O. Brott. assistant general cour
sci OF the American Bankers A.
sociation, Is vacationing in New Ems
land.