Evening star., 1942-12-27

Sharp Gain in Transit Net.
Revealing 504 per cent rise, net
income of the Capital Transit Co. in
the first II months of the year
reached 81 sos. 1862, compared with
s1,127,74626 in the same months
last year, a gain of S568.O .O3436. ac-
cording to the monthly report filed
with the Public Utilities Commits
sion yesterday.
Revenue passengers in the same
period numbered 3133l8458 against
205,956,762 in 1941, an increase of
LOT 1851 sos or SCI per cent in the II
months. Operating revenues totaled
S21 .706. .737 81. an increase of ST.
277,873,l2 or 50.4 per cent. Operat-
Ing expenses were $4,056517.51 more
than last year, or Ais per cent.
Taxes were up 1921 per cent, re-
ouiring 1896, ,52355, which was
s2350,41604 more than set aside in
1941. Depreciation was 1888 229 10
higher than last year and deduc-
tions for interest and dividend pay
ments called for $3841701 more
than in 1941.
The November report. also filed
with the commission, showed net
income of s139, 1883, an increase of
s5,42l 40 or per cent over Novem-
Der, l941. Revenue passengers num-
hered 30,998 ,302, notable increase
of lo.624679 or 521 per cent over
the same month a year ago.
Operating revenues of s2,154,251 IS
we're 500 per cent ahead of last
year, operating expenses were 38 per
cent higher, depreciation II per
cent. while taxes reaching over
s4550 were 1887 per cent more
than needed in November, 1941.
Dividend Payment Heavy.
Distribution of s78800,0o0 Of
earnings for the last half of 1912
to members of building and loan
associations and cooperative banks
throughout the country will be COM
pleted bv January /, the United
States Savings and Loan League
reports.
Morton Bodfish, executive vice
president of the league, said in Chi
cago that this brings to $3.50. 400 900
the total of dividends paid by these
home financing institutions in 1912,
and to more than $4,000, 900 900 the
earnings distributed the past 10
years.
About 100000 separate dividend
checks or credits are involved in
the distribution.
Mortgage Interest Voted.
The Board of Directors of Wash
ington Properties, Inc, at its meet
ing yesterday declared interest for
the six months fiscal period ended
October 81, 1912, at the rate of 50
per cent on the companys general
mortg gage income bonds.
Interest checks will be mailed on
February l. 1943, by the Central
Hanover Bank & Trust Co. of New
York, paying agent, to the bond
holders of record at the close of
business January 20, 1943.
Loan League Meets Tuesday.
Members of the District Building
and Loan League will hold their
December meeting Tuesday noon at
the Raleigh Hotel On recommended
ton of Martin A. Cook, chairman,
It is anticipated that the very popu-
lar annual banquet, held for many
years at the Mayf1ower Hotel, will
be Cancelled on account Of the war
Members feel that the big social
event should be called off for the
duration of the war.
District Sales, s400, ,0O0, 900.
Hugh Leach, president of the Fed
eral Reserve Bank of Richmond,
reported that Victory bond sales in
the campaign just ended would
reach around $4O0,000000 with final
figures now being assembled.
AS reported Thursday. Washing
ton reached $62,659,745. a figure far
ahead of the quota of $4,000 900.
Marylands total was more than
s1220o0,00o and Virginia's over $685.
100000.