Evening star., 1942-08-28
Capital Transit Net
Boosted 10 S161,752
Mark in July
Passenger Volume Up
64.7 Per Cent From
Levels Of Yeor Ago
Nv HAROLD ROGERS.

with July, 1941. rising from deficit
of SIS, ,15007 in that month last year
to net income of $16l, 1928 this
July, for an increase of $176,902 90.
This was shown in the monthly re-
port filed this afternoon with the
Public Utilities Commission.
Revenue passengers jumped from
18616,503 in July, 194l, to 30,667,-
238 this july, for gain of l2,o50,-
735. or SAT- per cent.
The board of directors yesterday
declared a quarterly dividend of 80
cents a share, as compared with the
Is cents quarterly dividend last year.
7-Month Net Also Up.
Net income rose from $500 ,290.99
for the first seven months of l94l to
1901 ,89145 for the first seven
months of this year, gain OF
$371 ,6O046, or So per cent.
Revenue passengers also showed
a great increase from 126, Ids, 744
for the first seven months of last
year to 188,147,813 for the same
period this year, gain OF 62,004,-
069, or 49.2 per cent.
This record reflects the big up
swing In transportation in the Dis
trict of Columbia. due to new pop
ulation along with gasoline and
rubber restrictions.
Operating revenues in July, 1912,
were $2.113,991 as compared with
81 .307, ,095 last year. Operating ex-
penses were $l,415 ,304 as compared
with $959,457 Provision for depre-
citation was S162.645, against $780,
3l9 last year. Interest charges were
$64,724 as compared with $50 999 in
July. 1941. Taxes were $326,921 as
compared with S189,344 year ago.
Because of tax adjustments made
In July of 1941 relating to prior
months and taxes attaching to the
sale of capital property, amounting
to about 10000, there was deficit
in July Of 1941 of s15,l50 as COM
pared with the net income of $751;
753 in July of 1912.
Store Sales Larger.
Department store sales in WASH
ington in the week ended August %,
were Z per cent above sales in the
week ended August %, 194l, but
were 8 per cent below sales in the
preceding week ended August IS, 1t
was announced today by the Federal
Reserve Bank of Richmond.
Based on reports from Is leading
department stores in the 5th reserve
district, sales throughout the area
in the week ended August % were
II per cent above sales in the COM
parable week last year. but were
per cent below sales in the preceding
week this year.
Cumulative sales in the four weeks
ended August %. this year, averaged
8 per cent in this city, 8 per cent in
the 5th Federal Reserve district.
Title I Loans Drop.
Title I loans under the Federal
Housing Administration for repairs
on homes in the District continued
to decline in July. owing to the war
with it's shortage of critical material:
and manpower, 1t was learned today
Such loans which numbered l6;
for a total of SIS 1857 in July, 1941
dropped to 100 loans at $53,006 il
June Of this year, and to 102 loan
at S33,770 in July.
Bank Committees Named.
-Four committees were appointe,
today by Aubrey o. Dooley. chair
man of the Fiduciaries Section o
the D. G. Bankers Association, VIII
Is assistant trust officer of Hamil
ton National Bank.
The committees, on trust law an
legislation, standardization, pro
gram and publicity, which will serv
throughout this year. are as follows
Trust Law and Legislation Com
nittee: Stanley D. Willis, trust off
Ger, National Metropolitan Banl
chairman; Louis M. Denit, tru;
officer, National Bank of Washing
ton; William S. French, jr., assist
dllt VI ucb OAAiICls NAlkCi lIdll CCtul ~
g. Trust Co.: Erskine Gordon, truI
officer, Hamilton National Banl
r. Stanley Holland, vice presider
and trust ofi1cer, American Securii
G Trust Co.; Arthur G. Keefer. ger
eral counsel, Lincoln Nation
Bank; Herman G. Lauten, assistal
trust officer, National Savings
Trust Co.: Sidney F. Taliaferro, VII
president and trust officer, Rig
National Bank; William B. Wo
assistant trust officer, Second M
tional Bank; Rudolph H. Yeatma
trust officer, Munsey Trust Co.
Standardization Committee:
Wesley Clampitt, jr., assistant tru
officer Union Trust Co.. chairman
Kenneth F. Brooks. trust offic
Riggs National Bank; Henry
Dierkoph, assistant trust off1c
Riggs National Bank; Robert
Hid, Riggs National Bank; Villa
G. McGraw assistant trust offic
Union Trust Co.. J. Eliot Mora
assistant trust officer Americ;
Security g. Trust Co.; Charles
Ratcliffe, vice president Nuns
Trust Co.; Thomas H. Reynolds, a
sistant trust officer National Metr
politan Bank; Melville w. Stua
Union Trust Co.; Ralph G. Wilse
assistant trust officer National Ba,
of Washington.
Program Committee. Edwin
Shaw, assistant trust officer Rie
National Bank, chairman Earl
Jonscher, assistant trust Off
American Security g. Trust c
Henry H. Lefferts, assistant trI
officer Washington Lean g. Tr
Co.; Warren Nussbaum. Americ
Security g. Trust Co; Thomas
Reynolds, assistant trust officer I
tional Metropolitan Bank; Irv
Zirpel secreary Union Trust Cc
Publicity Committee: B. Br
Frantz, assistant trust investm
officer American Security e. TT
Co., chairman. Ralph w. Hows
jr., Riggs National Bank; Lester
Lawrence, assistant trust officer
tional Savings g. Trust Co.
Columbia Title Insurance Co. s
on the Washington Stock Excha
today at 13l2. Georgetown