Evening star., 1942-11-24
Capital Transit Co.
Boosts Dividend 10
85Cents a Share
Payment Will Contrast
With so Cents in
Last lo4l Quarter
BY EDWARD C. STONE

SSAto P9I SIldIe Oh the OutStandlnl
stock, covering the last quarter O
this year, against so cents a share |,
tho final quarter Of 1941, 1t was an
nounced at the companys head Of
fice. -
The dividend will be paid on De,
cember 81 to stockholders of recore
December 4. The company's an,
nouncement said:
THE Board Of Directors Of tn,
Capital Transit Co. at its meetin,
held today declared a dividend of 81
cents per share on the 240, 900 share
Of capital stock Of the company, pay
able December al 1912, to stock
holders Of record at the close O
business on December 4, 1912.
This compares with so cents PEI
share paid in the last quarter o.
194f and brings to a total of $1.7'
per share the amount paid during
the year 1912, compared with SIP;
per share paid last year"
New Phone Records Set. 4.
Two more records in stations ane
average daily calls were established
in october by the. Chesapeake &
Potomac Telephone Co., officials an.
nounced today.
The number of telephones in serv.
ice at the end of October stood al
1854 ,662, an all-time peak and a gair
Of 1860 stations over September
when the figure registered 352,702.
The report discloses an increase
OF -43,634 stations over October o1
last year., when there were 3l102s
phones in use. Thu station tota
enters new ground every month
and would move still faster except
that only stations needed in the
war effort are now being installed.
Average calls Ger day in October
reached the highest point on rec
ord for that month, 1,564,719, COM
pairing with 1,465, 1869 in October
1941. This was not the highest
month in 1912, however, because Of
the requested limitation by civilians
OF long-distance calls.
Onhcials said today that expan-
sion in telephone service due to the
feverish war activities in the Capt.
tai largely accounts for the new
records being constantly reported.
The October financial statement
will be out in Q few days. The re-
port will reflect the present increase
in service and operating income
and also the inroads in net results
made by growing taxes.
D. c. Loan Associations Grow.
The annual summary Of building
and loan statistics presented to the
United States Saving and Loan
League in Chicago last week stated
that Washington's % building and
loan associations gained 1929 mem
bers in 194l. These associations had
167,686 members. Assets totaled
$ls3,0l3,7s6, a gain OF $l5,847,3l1.
Maryland reported 422 building
md loan associations in 1941, of
which 389 were State and 80 Fed
eral. They hid q membership Of
136.384. a decrease Of $4,000 during
the year. Total assets Of 4i42,427,-
900 were OF $39, 9,781, ,130 from the
previous year. -e~ s,sr.a
Virginia had 7s' building and loan
associations year ago, OF which
SO were State and 30 Federal char.
tered. These associations reported
62,607 members. a gain Of 5,90s. AS
sets totaled $64,975,221, an increase
in the u months Of $6,373,61l, the
review states.
Payday Bank Rush Eases Up. =
The payday rush to the banks late
IN the afternoon of the 23d of each
month has gone into history. The
20 Government paydays a month
system has made the 23d no different
from other paydays
The long line of customers at the
banks waiting at the windows to get
their checks cashed was absent yes
terday. Bank officials today said
that business was only normal.
Late banking hours on the 23d are
likely to be given up when the new
schedule is adopted by members of
the Washington Clearing House As
sociation, it Was said in the financial
district.
Possible changes in banking hours
due to the changes in paydays are
still in the tentative stage, with early
action anticipated. Future hours
will be such as to give all patrons
ample opportunity to cash their
checks at convenient times.
Tax Selling Curbs Market.
Washington brokers said today
that tax selling by market traders
to establish income tax losses is evil
IDENTIFY taking place on quite a large
scale. They report that some of
their customers have been selling
stock recently in the face of the
highly favorable war news.
Capital brokers are enthusiastic
over the long-term outlook for the
stock market. They think the war
may end sooner than had been an
ticipated, that great many of the
present restrictions will then be
dropped and that interest in the
market will advance rapidly.
Brokers are looking for a good
many favorable year-end earnings
reports on the supposition that lot
of,big corporations have been setting
aside more money than necessary for
tax purposes.
.Today's Trading on Exchange.
Prices were firm on the Washing
ton Stock Exchange today, with
mQQerate trading. The first sale
was rs shares of National Mortgage
&rInvestment preferred at Az, un-
changed. So far this year 1925
shares Of this stock have changed
hands.
Potomac Electric Power 5h per
cent preferred stock figured in q
small transaction at ia. Two sales
Of Potomac Power 8 per cent pre-
ferred took place at lis, of frac-
tiorally from the last previous sale.
Capital Traction IS came out to-
day on a $500 transfer at 105x, un-
changed.
Capital Traction stock, which
made, a new high for many years
on the exchange yesterday, closed
today with 26A bid and 271s asked.
No sales. Yesterdays new peak was
27h.
Dividend Plan Explained.
In an application to the Securities