Evening star., 1943-03-11
Higher Net Reported
By National Press
Building Corp.
S32l ,288 for Lost Year
Far Above S299, ,l3l
Income in lo4l
BY EDWARD c. STONE.

u
Net operating income of the Ma
tlonal Press Building Corp. in 1912
amounted to 1921 ,288.53, compared
with s299, 1911 in the preceding
year, an increase of $22,l5682, ac-
cording to the annual report OF
James L. Wright, president.
Income of S747,87e from tenants
included S483, ,25O88 from Offices
Sl35 600 from the theater. S93 $50
from stores, $4,000 from the base
ment and arcade.
Operating expenses required S426,-
59094 against Sab 1896 a year ago
During the year the company paiC
S3130l455 in interest on the first
mortgage bonds and the adjustment
income bonds, leaving a net income
after provision for taxes, of $40
3O3.49 against $5.97423 a year ago.
Since 1888 the National Press
Building has been 100 per cent
rented, the report states. Of tht
1000 persons housed in the building
fully 70 per cent are engaged in wal
activities. At the end of the yeal
surplus totaled S139.02337 againsf
$48,789.13 a year ago.
The first mortgage bonds have
been reduced by sinking fund from
1920 900 to $4,303000 and the ad.
luStment income bonds have beer
reduced from $2.l75 900 to s2,O69 900
The interest payment of s3411O OF
April Is on the adjustment inCom,
bonds will be paid to holders O
record on April 5.
The first mortgage SIS are nov
| quoted 94l2 bid, offered at 81, ant
the general mortgage adjustmen
4 4'2s at At bid and offered at 5:
National Press Building preferred
stock is quoted at 33s bid, offered a
A.. Both the bonds and preferred
stock are widely held in the Capital
Transit Officers Reelected.
stockholders Of the Capita
| Transit Co., at the annual meetin
| yesterday, reelected the same di
| rectorS, the board including J. H
Hanna, F.. w. Doolittle. G. Thoma
Dunlop, Robert V. Fleming, Edwin
c. Graham, William F.. Ham, Georg
E. Hamilton, William Mcclellan
Edward D. Merrill. Lennard H
Mitchell, A. G. Neal. George l
Nlcolson. John M. Perry, S. Perc
Thompson, Merle Thorpe.
The following officers wer
elected: J. H. Hanna, chairman Q
the board; Edward D. Merrill. presi
dent and general manager: Georg
e. Hamilton, chairman of the Exc
| cutlVe Committee and genera
| counsel; William B. Bennett, vic
president and secretary; J. I
Heberle, vice president and con
troller; J. H. Stephens, vice presi
dent; H. D. Champion. treasurer
John Fleming, assistant secretary
/ c. B. Koontz, assistant treasure
and William L. Clarke, assistar
secretary and assistant treasurer.
Two Banks Vote Dividends.
Directors of the Bank of Con,
merce & Savings have declared tf
usual quarterly dividend of $3.50 pe
share, payable March 81 to stock
holders Of record March 20. Thoms
j. Groom, president announced tc
day.
Directors of the Security Saving
81 Commercial Bank have declare
a semi-annual dividend of De
cent, payable March 81 to share
holders Of record March 25, Vic
President Fred Mckee announce
today.
Directors of the Carpet Corp, hav
declared the regular 50-cent quar-
terly dividend, payable March 81 t
stockholders of record March 2:
Carpet stock is listed on the Wash
ington Exchange
War Bond Selling Passes Peak.
Washington bankers expressed tn
opinion today that selling of Unite
States War savings bonds to NEE
income tax payments due next Mon
/ day has passed the peak. An in
creasing number CT people have bee
gong to the banks in the past fey
Gays to get their signatures certifle
SO that they might convert Wa
bonds in cash at the Treasury.
The tax payment deadline is no,
SO close that requests for attestin
OF signatures showed a letdoWn earl
today, bankers said. They add tha
redemption of the bonds has been II
small volume in comparison wit
the number Of ponds sold. Redemp
tons for tax payments were no
unexpected.
The Treasury yesterday expresse,
no worry over the sales now poin
on all over the country.
| Traction SIS at New High.
Capital Traction SIS reached an
other l943 high mark on the Wash
lngton Stock Exchange today, whe)
| four 81 900 transfers were recorde,
at 106. This is gain of a half noin
over the last previous sale and a ful
/ point so far this year.
Traction 5s are the most activ
BONDS on the list and for years hay
sold above par. The final bid toda
was l055s, with 1862 asked.
Inc bid for Washington Railwa,
q Electric common was raised +,
sou snare today, offered at s61