Evening star., 1942-11-25
Pennsy Reports Net
For October Scared
To $19,613,7@
Operating TotoI Contrasts
With 81. $3.50, ,606 in
Same 1941 Month
BY EDWARD C. STONE.

the Pennsylvania Railroad in Oc-
tober totaled s19,6l3,749, a Jump Of
$11 ,633, 143 over the net of $7,980,6
in October a year ago, it was re-
ported today. In the first 10 months
OF this year operating revenues
reached $l15,570,557, a striking ad-
vance of $50, IT'S, ,230 over last year.
October operating revenues Of
$82, ,264, ,406 were $22 ,459, ,02O ahead of
the same month year ago. Freight
revenues alone showed a gain of
more than $11 900 900 and passenger
revenues were up $9,206,071. Mail
and express returns also were high
er. Operating expenses of $48,023,-
l82 were $4,8l2,552 above year ago.
In the 10 months, freight revenues
totaled S508,571 ,276, Jump of STA
3l9,345 over 1941. Passenger reve-
nues amounted to $133,89 1854, up
SCI, 1894. Express showed a gain
of more than 100000 and other
operating revenues were up $6,646,-
9l6. Operating expenses called for
$455, TAI ,961, an increase of S94,-
| 178,485.
Railway taxes totaled 1877, ,O03,
an increase of s47,751,757 over last
year. Gross revenues in the period
were most impressive, S691 sos ,861,
compared with $506,114,46 last year,
the report revealed.
Late Banking Hours Retained.
Washington's building and loan
associations have voted to remain
open until o'clock one day each
week under the new Government
plan of 20 paydays a month, the
late days to be the 9th, 18th, 23d
and last day of each month.
The report of Clarence E. Kefauver
on uniform banking hours was
unanimously adopted at the monthly
meeting of the District Building and
Loan League at the Raleigh Hotel
yesterday. The associations will
continue to open at and close at
4, except on Saturdays, when they
close at II o'clock, and on the four
days having o'clock closing.
G. Clinton James reported on the
Chicago conference of the United
States Building and Loan League,
announcing that associations of the
country gained 100000 new members
last year. The units expect to sell
$500 900, 900 War bonds next year, a
gain OF so per cent over 1912, ne
said.
President Wilfred H. Blanz intro
duced several special guests at the
luncheon, including Charles K.
Fletcher. president of the California
Savings and Loan League Frederick
Green, president, Home Loan Bank
of indianapolis; Horace G.. Russell,
the United States Leagues general
counsel, and Morton Bodfich, execu-
tive vice president.
Fleming Addresses Bankers.
Robert v. Fleming, president Of
the Riggs National Bank. addressed
members Of the Victory Fund Com
mlttee OF the District at a special
meeting at bankers headquarters
yesterday afternoon, stressing the
Importance of the new drive which
will open here on November 80 and
last about three weeks.
Special efforts will be made for a
very wide distribution of new Treas
ury issues which are due shortly.
This committee deals with sales of
Government issues outside of the
E, F and G War savings bonds.
About 40 leading bankers were pres
ent, Winslow B. Van Devanter.
chairman, presiding.
Safe Deposit Section Meets.
The safe deposit section of the
District Bankers Association held
the November meeting last evening
at the Raleigh Hotel. Following
the dinner, George Harris, head of
the firm of Harris & Ewing, gave
an illustrated lecture on Forty
Prominent Characters from Roose-
welt to Roosevelt"
Mr.. Harris spoke about people he
has photographed, including several
foreign diplomats. Charles C. Bos-
well of the American Security e.
Trust Co., chairman of the section.
! presided.
Ration Banking Held Sound.
The special committee of the
American Bankers Association an
AiooHeou eoudy IildI tlle TdClOn COu-
pom banking experiment indicates
that Nationwide adoption of the
plan Is sound According to latest
reports from OPA officials, ration
banking will be adopted all over
the country sometime in January.
Capital Transit Sells at 27.
capital Transit sold at 27 on the
washington Stock Exchange today,
first sales since the 85-cent dividend
was announced. Fifty-five shares
changed hands in five transactions.
The stock was down half point
from the new 1912 peak, closing with
261s bid and 81 asked.
one hundred shares of Washing
ton Gas Light common stock sold at
10, unchanged. Bonds were quiet,
The exchange, along with the rest
OF the financial district, will be
closed tomorrow for the holiday.