Evening star., 1942-02-27
Capital Transit Net
At S126,111 Mark
For January
] Result 84.5 Per Cent
! Above S6S,357 for
{. Some lo4l Month
BY EDWARD c. STONE.


timp. totaling sl26,ll1.73, against
s6s,357e6 a year ago, an increase
or s57,753.77, or s4.5 per cent. ac-
cording to the report filed today
with the Public Utilities Commits
sion.
Operating revenues amounted to
sl,632,275.97, an increase of SAB
Ml.5l, or 37.S per cent over Janu-
Try a year ago. Operating expenses
Eaned for s1,12l, ,62s.s1. up IS per
Vent, while depreciation required
$l4O,039.18, against $l20,ll002 In
3anuary, 1941, and leaving As
her cent gain in operating income
~ Deductions from gross dor in
&rest charges) were practically the
anne as last year. The number OF
Revenue passengers carried on cars
Ind buses reached 23,353,008, a jump
III 6,321.934 over last year, or 37.l
per cent. the report showed.
N C. e. p. Phone Net Falls of.
E Net income of the Chesapeake g.
Potomac Telephone Co. in January
Also reported to the Public Utilities
Commission. totaled sl60,8ol, a
mail decrease of $S.2S7. Operat-
hg revenues in January amounted
sl.575,S44, against $l,225,247 a
lear ago.
ID Operating expenses called for
E,l8l578, compared with sS70,443 in
8anuary, l94l. January taxes re-
hured sl48,305. While revenues
We're up 2S per cent. expenses were
g per cent higher than last year.
RAT the monthly meeting OF the
directors yesterday Lloyd B. Wilson
Mas reelected president; John A.
Remon and Lloyd M. Griffin, vice
presidents; Philip o. Coffin, vice
president, secretary and treasurer;
Ralph A. Van Orsdel, vice president
hnd general counsel; Franklin H.
kenworthy, general auditor; Charles
"A. Robinson, vice president and
General manager; Frederick G.
Nacarow and E. G. Bliss. assistant
General managers; Roy w. Prince,
Ehief engineer; David E. Mccoy.
General commercial manager; John
E. White, general plant manager;
samuel F. Merriam, general traffic
manager, and F. w. Bradbury,
kuditor.
Expenditures of more than 81 ,475,-
900 were authorized for telephone
Improvements in the District of Co.
8Hmbia.
lE w. r. g. E. 1941 Net Higher.
Is Net income of Washington Rail-
way e. Electric Co., excluding undis-
Sributed net income of subsidiaries,
amounted to $685., 1862 for 194l and
Aompares with 3,330,952 for 1910.
pndistributed net income of sub
kidiaries, applicable to the COM
penys holding in such subsidiaries,
amounted to S513,549 for l941,
kgainst 1881 1888 for 1910.
n Alfred G.. Neal, president of the
Washington Railway & Electric Co.
And of the Potomac Electric Power
40, in his report distributed to
stockholders today, states that the
kDtomac Electric Power Co. in 1941
Reached new highs in kilowatt hours
eeld, peak demand and gross reve-
hues. Despite sharply higher taxes,
Which jumped 25.6 per cent to
S3 ,076,471. and increased operating
costs, net income was S3,938,711, or
only $15,299 lower than in 1910.
: The company served 2l7,485 GUS
toners at the close of 194l, an in
crease of 12,721 over year previous,
and sold 1884 kilowatt hours
during 1941, an increase of 17.9 per
cent over 1910. The peak load Of
283 900 kilowatts, which was $4,000
kilowatts higher than any previous
fompany peak, occurred on July 30,
l941. Gross revenue totaled $18,-
A61 ,928. also a record and 10.7 per
cent greater than in 1910, Mr.. Neal
bays.
| Washington Railway & Electric
Co., which owns all of the outstand-
ing common stock of Potomac
Electric Power Co. and so per cent
bf the outstanding capital stock of
Capital Transit Co., is unit of the
North American Co. system.
/ Store Sales Again Advance.
Department store sales in the
Capital for the week ending last
Saturday disclosed a substantial
gain of 26 per cent over the cor
responding week a year ago, the
Federal Reserve Bank of Richmond
announced today. The trade ad-
Vance, however, was not as large as
In the previous week when the up
turn amounted to 81 per cent, or
In the week ending February Z
when sales were 80 per cent better
than a year ago.
Trade in the Capital scored a II
ber cent advance over the previous
week this year, ending February IA
Uhis was outstanding, as trade in
The fifth district was up but 8 per
cent and in Baltimore was down 2
per cent and in the other cities was
off 3 per cent.
Sales in the Capital in the fouI
weeks ended February 21 made a
brilliant showing, being 81 per cent
ahead of the like 1941 period. The
cumulative sales gain in the NTH
district was IS per cent better than
last year. Trade was up 35 pei
cent in Baltimore and 81 per cent
In the other cities. the report said
Mortgage Bankers Hold Clinic.
Among Washington delegates tc
the Mortgage Bankers Association
conference and mortgage clinic
opening at the Knickerbocker Hotel
Chicago, today is Oliver M. Walker
president of Walker & Dunlop. Inc.
mortgage bankers. Mr.. Walker left
washington Wednesday to attend G
conference of executives of tht
Lincoln Life Insurance Co. at For
Wayne, Ind, before attending the
Chicago meeting.
Considered a highly important
conference from the standpoint o1
the mortgage banking business, the
associations two-day session will be
addressed by Assistant F. H. A. Ad-
ministrator Raymond T. Cahill or
little VI and Defense Housing" anc
by Sullivan Jones, director of hous.
ing priorities of the War Production