Evening star., 1943-12-01
Transit's 10th Anniversary.

y
The Capital Transit Co. is cele
brating its 10th anniversary today
since the merger of the operatin,
properties of the Washington Rail
way & Electric Co. and the Capita
Traction Co.
The decade has seen some amaz
Ing changes in mass transportation
In the Capital, caused by population
growth and the gasoline shortage
The company, in spending S6786.82
for streamline cars and S9907,43'
for buses, has done its best to NEE
the huge increase in traffic.
There was an increase of 10000,
600 passengers in the first year O.
operation, partly due to universe
transfer privileges and the weekly
pass. The first streamlined street.
cars operated in the United State!
appeared on Washington streets il
1885 and Washington now has more
OF these cars in operation than any
other city, in proportion to the tota
number of cars operated.
The company's financial status ha!
shown steady growth in the 10 year!
and 1943 will be one of the best O.
the 10, according to present reports
Less Talk of Imitation.
New York Stock Exchange marke'
letters say there is much less talk
of initiation and more about disposa
of surpluseS after the war. One
service advises retention and ac-
emulation of selected stocks, an
other suggests switches. while a
third continues to advise holding
cash reserves for favorable buying
spots"
All the service letters note that
the rumors of early peace with Ger
many have made for caution among
traders. While some commentators
believe tax selling and other factors
will keep the market down for the
rest of the year, others look for some
SORT of December upturn.
Traders and investmentors were
left almost wholly to their own
judgment, as all suggestions differed
so widely.
Net Incomes Up II Per Cent.
The Exchange Magazine an
nounces that 365 big corporations
listed on the exchange reported an
ia per cent gain in net earnings in
the first nine months Of the year
over the same 1912 period.
The survey shows notable
change in trend as the same COM
panies last year reported drop in
net earnings of 16 per cent from
the previous year. Automobile con-
Germs took the lead in the upturn
with "a per cent gain. The chem
ical group also revealed a striking
upswing.
The railroads moved forward but
their income gain displayed some
thing of a leveling off after the
sharp two-year advance. The amuse-
ment group has scored go per cent
gain so far this year, the report in
Guiding many more companies than
year ago,
Electrical equipment, food, pc
troleum. retail merchandise and pa
per companies showed good earnings
gains, while mining, office equip
ment, foreign companies and some
of the steels Jagged, when compared
with the previous year.
Today's Trading on Exchange.
Potomac Electric Power per cent
preferred sold at 1T on the Wash
ington Stock Exchange today, up
half a point.
Capital Transit figured in a 81
share turnover at 2912, around re-
cent levels. The final bid was %
with 1894 asked.
Fifty shares of Carpet Corp
came out today at 26. first sale on
the exchange this year. Carpet is
a food stock, pays 50 year dividend,
and is closely held
Dividend checks have just heen
received by holders of the Potomac
Electric Power and Washington Rail-
way e. Electric common and pre-
ferred issues, covering the quarterly
payments.
In the II months ended october
80. the Washington Gas Light Co,
had net earnings of 81 ,409,376 against
S1.124.56S in the like 1912 period.
The % members of the Council
Of Insured Savings Associations OF
New York State are reinvesting every
dollar of increase in their 152,117
savings accounts, plus their entire
net earnings, in Government bonds