Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-03-26
Capital Transit Net
Al Per Cent Above
Year Ago in Month
Heavy Tax Increase
Offsets Most of
Jump in Gross
BY EDWARD C. STONE,

Net earnings OF the Capital Transit
Co. in February amounted to sl25,-
202.75, an increase of S4,97797 or Al
per cent over February, 1912, the
monthly report filed with the Public
Utilities Commission today revealed
A heavy increase in taxes was the
main reason for the small gain.
Revenue passengers numbered 81
1,798, an increase of e,794,478 or
43.7 per cent, the statement said.
Operating revenues reached $2.l98-
1899 a jump of s636, JAG over Feb
ruary, 1912, or 40 per cent. Oper-
ating expenses were up s3O6,el8, or
% per cent Taxes called for s464,-
$685. which was an increase of
1918 ,237.74, or l42 per cent, while
depreciation took $48.358 more than
last year, up "a per cent. Nom
operating income showed a gain of
462 per cent.
Capital TranSit'S net income in
the first two months of this year
amounted to $263.1O4O5, up SIS
1874, or SO per cent, over the same
months in 1912.
Revenue passengers numbered
zoos 1853, a gain of 81 235 ,O3O or as
per cent, the report showed.
b. & o. Net Sharply Higher.
Net income Of the Baltimore &
Ohio Railroad in February scored
another sharp advance over the
same month year ago, reaching
1888 ,623, after taxes and fixed
charges, compared with s497 1865 in
February. 1912, jump of $685.
1853, officials announced today.
February operating revenues
amounted to $26,677 .765. an increase
over the same month a year ago of
S,ll8. SAT. For the first two months
OF this year the increase in operat-
ing revenues over the correspond
ing period in 1912 was S14.O72213.
Federal income taxes, excise tax
account of Railroad Retirement
Act and Railroad unemployment
insurance tax, accrued for February,
reach 81 .701 .506. or $l,808,979 more
than was accrued for February.
1912. the report showed
Net income for the two months
of l943 amounted to $5,521,457.
against 1868 408 year ago. sub
Stantial increase of 4.553.O49. In
this period freight revenues climbed
to $45, 428,799, gain of $40 495 l73
and passenger revenues revealed a
s2.740 345 rise Operating expenses
were up $500 1856 over the same two
months last year.
c. & P. Phone Net Climbs.
Net earnings Of the Chesa peake e.
Potomac Telephone Co. in Febru-
airy amounted to $3.50 294. against
Sll0,868 in February a wear ago.
a sharp advance of SIG, 426. accord
ing to the statement filed with the
Public Utilities Commission today.
Operating revenues were sl9l1.-
053, against sl,565 ,0O2 last year.
while operating expenses called for
81 .344 ,062, compared with Sl,2l7 094
Taxes for the month required
s29O,544 against $l39 35l last year.
Total net income in the first two
months of this year reached S46S 0O4
against only s275 .l24 in the like pc
Rod in 1912 For the two months
operating revenues were 2078 per
cent higher than in the same period
last year and expenses, including
taxes, were 2090 per cent higher.
There were 360972 telephones in
service at the end of February,
which was an increase of LAO sta
tons over the previous month. Tele-
phone users made 38. 405 900 calls
during the month. or l.l26.OOO fewer
than in February, 1912 the report
said.
Joint Meeting Announced.
Meyer M. Goldstein, general agent
of the Connecticut Mutual in New
York and member of the Law and
Legislative Committee of the Ma
tonal Association of Life Under
writer's, will address the fduciaries
section of the District Bankers As
socia ton and the Life Insurance
Trust Council at luncheon meet
ing tomorrow at the Mayhower Ho-
tel. Aubrey o. Dooley announced
today. Raymond A. Du Four. coun-
Gil president. will preside. the Joint
luncheon session being an innova-
ton.