Evening star., 1942-10-23
Capital Transit hef
Boosted 10 S15,9B
In September
8.3.Per Cent Increase
Over Some Month
OF 1o4l Revealed
By EDWARD C. STONE.

SVSB SoEVS sNs~ i
OF 1941 Revealed
BY EDWARD C. STONE. !.
Net income of the Capital Transit
Co. in September amounted to $751;
975.8 5.83. against $145 5,90162 a year
ago, a Jump of $12074.21 or 8.3 per !.
cent, according to the monthly /.
! report filed with the Public Utih-, !,
ties Commission today.
| Operating revenues of $2,141, 1920 :.
| showed an increase of $783, ,026.37
or 81 per cent. Operating expenses
totaled $1,338,24.15, an increase CT
24,774.37 or As per cent.
Taxes totaled $427, 1888 compared :
with Sis 1885 80 a year ago. an in ,,
crease of $311, 1898 or 270,3 per
, cent. Provision for depreciation /.
was $163,035 against $l30,639 last
year, up "a per cent. Interest
charges amounted to $64, ,l69 against
SIS, ,681 last year.
Revenue passengers numbered
30,804,514 compared with 1875, 300
| in September, 194l, jump OF .
II ,428,714 or 50 per cent, the report
showed.
In the first nine months of the !
year, net income amounted to
81, ,333, 1859, sharp upturn OF
$475,2737 or 55.4 per cent over the
like 1941 period. 80.
Revenue passengers numbered
249, ia, ,044, revealing a gain of 85,-
466,992 or 50 per cent in the nine
months.
War Bond Sales Pressed.
Washington banks, building and
loan associations and investment
houses are bending all their en-
ergies to meet the District of Co
lumbia October War savings bond
quota of $3.50 900, the same total
as the quota for September.
In the first two weeks of October
the banks alone sold a total OF
81 .485,475.25 War bonds, the figure
being at the issue price. In the two
weeks the aggregate amount was
not quite up to the first half OF Sep
tember, although bank officials say
they can see very little difference in
demand.
Building and loan officials made
the same statement today. They
report bond sales as most satisfac-
tory and feel sure the October quota
will be reached and possibly passed.
Post Office sales of both bonds and
stamps are added to each months
summary, vital factor in the grand
total.
In September a total of 1882 900
War savings bonds were sold in the
District, 100000 more than the
quota, according to the District of
Columbia War Savings Committee.
The national quota of SITS, 900 900
was also exceeded in September.
Dividend Payments Compared.
The estimated aggregate amount
of common stock dividend disburse-
ments in the nine months ended
September 80 decreased 88 per cent
from the total of last years cor
responding period, says the Ex-
change Magazine.
Stockholders of SOL listed cor
porations received in cash S1,341.-
422 900, compared with 81 1,47O 124,O00
in the preceding year. Dividends
were paid by 13 more companies
than the number paying in the
! first nine months of 194l
OF the SOL listed stock issues on
which dividends were paid this year,
Al per cent disbursed the same div
idends as in the preceding year,
while 81 per cent paid out lower
dividends, and % per cent increased
their payments.
The railroad list was identified
with several notable assumptions
and increases, reversing the trend
which had been in effect since 1881.
D. c. Residents on Program.
Petroleum Co-ordinator Harold l..
1ckes, Deputy Co-ordinator Ralph
K. Davies and II assistant deputies
and special assistants, and direc-
tors of OPC divisions will address
the general sessions of the Ameri-
can Petroleum Institutes annual
meeting in Chicago, November 9-12,
it is announced here.
Joseph B. Eastman, director of
Defense Transportation, and sew
eral other Government officials are
also on the program. William r.
Boyd, jr., association president, will
cover the activities of the Pc
troleum Industry War Council.
Protection of petroleum facilities
and automotiye wartime transpor-
tatlon will receive special attention.
The convention will name 48 direc-
tors for the coming year.
Controllers Meet Tuesday.
DR.. William Crane Johnstone, jr,.
professor of political science and
dean OF the Junior college at George
washington University, will address
the District OF Columbia Control of
the Controllers Institute of America.
tuesday evening at the Carlton
Hotel. Are We Winning or Losing
the War in Asia?" will be his SUBJ
ject. The meeting will start with
dinner at $50. II,
Brott Addresses Bankers. =
j. o. Brott of Washington, assist
ant general counsel of the American
| ~~~AAAASA' @AroOS1dIAOll, dUUTGSSeQ Ller~
Essex County Bankers Association
at Newark. N. j.. last evening on
Soldiers and Sailors Civil Keller
Act Amendments" Mr.. Brott is an
authority on the changes in this bill
which was recently signed by the
President -
Today's Trading on Exchanse, '>~
Washington Gas Light common ::
STOCK featured trading on the WASH.
lngton Stock Exchange today with
three 25-share lots changing hands,
at 1873, ex-dividend. and fractionally,
lower than the last previous sale
The market closed with 1874 bid and
16A asked. -
American Fire Insurance Co. stock
was added to the ex-dividend list
To-Day: The stock Is now quoted at,
lbs bid with none offered. a
Hk:.- ~"