Evening star., 1943-10-07
Three D. {. Utilities
Report Earnings
Above Year Ago
BY EDWARD c. STONE.

eight months of 1943, while tn,
other-the transportation compan,
booked highly satisfactory ne
revenues. although not up to las
years total in the comparable pe.
Rod, reports to the Public Utilitie:
Commission reveal. Taxes and othe]
operating expenses were very heavy
but operating revenues made extra
good advances.
Net income of the Potomac Elec-
trio Power Co. reached S2,772, ,382 AZ
against S2,520.25l33 a year ago, a
gain of S250l3l09 or 10 per cent
The report disclosed an increase OF
sl,346 893.37 in operating revenues
along with an increase of 1894 ,953. lC
in operating expenses.
The Chesapeake & Potomac Tele-
phone Co. reported total net income
before interest and dividends, OF
S2l24.370 compared with S1.879,9l2
last year, an upturn of S244,458 in
the eight months. Operating taxes
totaled S2,734,59l against S1,245, ,773
year ago.
Washington Gas Lights net in
come amounted to S962,266 COM
pared with s773,638, an increase of
S208,628 While operating revenues
of S8,027654 were up S724 .909, ex-
penses were S48O452 higher, along
with other deductions.
Capital Transit'S substantial net
income of Sl028. 8.83176 showed a
drop of $86,322 10 from last year, or
7.3 per cent largely due to an in
crease of $3808, ,32467 or % per cent
In expenses, taxes and depreciation.
Traffic jumped 28.1 per cent, a gain
OF 81 6l,573,938 passengers.
d. c. Exchange Very Active.
Today's session of the Washington
Stock Exchange was one of the
busiest in several months.
Fifteen shares of WASHINGTON
Loan & Trust stock appeared on the
board at 220, jump of 10 points
since the last sale.
Potomac Electric Power 512 per
cent preferred sold at 116ls. un-
changed. All Washington Gas issues
came out. The common sold at 225s
unchanged, the S450 preferred
moved at l04 and the S5 preferred at
1851 3, both under the last quotations.
Mergenthaler was practically un-
changed, opening and closing at
As 8, with one sale at 4534, the days
turnover being so shares.
Thlrty-fve shares of Woodward &
Aothrop common moved at 40,
unchanged.
In the bond division there was a
$4,000 transfer in Washington Rail-
way & Electric as, at lO8l2. off i.
American Security q Trust and
Security Storage have been added to
the eX-dividend list.
Bank Declares Dividend.
Directors Of the Washington Loan
&, Trust Co. have declared a quar-
terly dividend of per cent on the
outstanding stock, payable Novem-
Der l to stockholders Of record
October %. President Harry G.
Meer announced today.
The Federal Reserve Board re-
ported that department store sales
in the Richmond Reserve district
from January to September Is were
II per cent ahead of the same period
a year ago, Dallas made the best
gain among the II Reserve districts,
retail trade being up Al per cent.
Standard & Poors says that the
size of 1943 holiday trade will be
determined by the amount and
variety Of goods available. Sales are
expected to exceed last year as
salaries and wages continue their
uninterrupted rise, the survey says.
Rail Earnings Up Sharply.
Class railroads in the Southern
region in the eight months of this
year had an estimated net income,
after interest and rentals, of S98.-
100000 compared with s81 1,476,255 in
the same period last year.
Those same roads had a net rail-
way operating income, before inter-
est and rentals. of S141.681 .082 COM
pared with Sl24,424 239 in the some
period of 1912.
Operating revenues totaled $685.
158 499, an increase of 32.5 per cent,
compared with the same period of
1912. while operating expenses to-
tailed s485.583 .524. an increase of % 9
per cent above 1912
Glass l railroads in the Southern
region for the month of August
alone had an estimated net income,
after interest and rentals, of So
100000 compared with Sl1 ,4O2,75 in
August, 1912.
Marks 36th Birthday.
Organized on October 7, 1917, by
the late John B Harrell, the Fed
eral Savings & Loan Association is
observing its 36th anniversary today.
The association has enjoyed steady
growth and resources are now above
the S8,500000 point, including a gain
of more than S1,000,00O in the past
year, Clarence E. Kefauver, exec
utlve vice president announced.
Yesterdays late selling on the New
York Stock Exchange brought an
unusually large attendance to the
bOardrOOms for today's opening.
Stocks opened lower on quite an
active volume. Traders aScribed the
early selling to talk about taxes.
Postwar Problems Cited.
Six complex problems are involved
IN the question Of whether private
enterprise can reassume its full pre-
war role in the Nations postwar
economy. according to Banking, Of
fetal ABA journal.
The six factors which will deter
mine to a large extent the postN Ar
functions of private enterprise. ac-
cording to the survey, are related to
the Wartime integration of industry
nature and size of the industrial re-
conversion problem, eventual evolu-
ton Of Governments guaranteed war
production loans, ability and will
lngness of the public to spend it's
money after the war. renegotiation
OF war production contracts and
eventual disposal of Government
owned industrial facilities.
Delaware & Hudson