Evening star., 1943-11-26
Capital Transit Net
Sharply Below 1912
During October
By EDWARD C. STONE.

ny GDVhRD " . L olNEs
Net income of the Capital Transit
Co. in october totaled $119, 1929, a
drop Of $103, 1881 from the net of
1922 922.60 in the same month last
year, according to the report filed
with the Public Utilities Commits
sion today. 1t was decrease of 46
per cent.
Operating revenues of 81, ,293 BAT .83
were $23 3,97451 ahead of last year,
but operating expenses called for
s1,483,826.42, which was $l14,335.05
more than in 1912. Taxes were down
1881, but depreciation called for
$4,000 more
Revenue passengers numbered 34,-
195,749, an increase of 1,589,637, or
40 per cent higher than last year.
Expenses hit earnings severely in
the first 10 months of the year, when
income totaled $1,329 ,07896, a de-
crease OF $226, ,964.33, or 14.6 per cent,
from 1912.
Operating revenues were $2,168,-
97o higher and taxes were up 81 $685.
$50, As per cent tax increase over
1912 in the same period.
Pennsy's Net Reduced Sharply.
Net railway operating income of
the Pennsylvania Railroad in Octo-
Der amounted to $S,111,155, a severe
decrease of s11 ste, ,779 from the same
month in 1912. it was announced
today.
The showing for the 10 months.
however, is more favorable, total net
operating income of $106, 780, ,O22 be-
ing only $9,363,592 lower than in
the like 1912 period.
October gross revenues amounted
to $50, ,444 ,592, against $82 ,264, ,4O6 last
year and S59, ,805, 1856 in October, 1941.
Ten months gross of $815,699, ,O58
compares with $691, ,505,86 in the
like 1912 period and $5O6, ia, ,467 in
the same months in 1941.
Railway operating revenues in the
10 months this year scored a gain
of $l24,193, 1877, reaching $815, 500 ,058.
Freight revenues were up more than
$43,000,000 and passenger revenues
gained $66,784,512.
Railway operating expenses were
$90051,911 more than last year and
railway taxes required 34,141 ,286
more than in 1912 in the same
months, the report stated.
National President Guest.
John c. Naylor, vice president and
controller of the Pet Milk Co. and
national president of the Controllers
Institute OF America, was the honor
guest at the regular meeting of the
District of Columbia Control of the
Controllers Institute of America
Wednesday evening at the Carlton.
He brought valuable message to
the members of the control on the
contributions made by the national
organization to various Government
regulatory bodies.
James L. barley, chief cartogra-
pher of the National Geographic So
ciety, the speaker of the evening, told
of the many war services rendered
by the National Geographic So
ciety in furnishing maps and geo.
graphical data to the armed forces.
He described in detail the mapping
OF large areas by air and said that
the globe is the only perfect and
one-purpose map.
Banks Get War Loan Details.
Washington banks today received
full details from the Federal Re-
serve Bank of Richmond relative to
the Fourth War Loan Drive, which
opens January 18, the goal having
already been announced at s14,0OO,-
100000, a billion under the last
drive.
This time $500, 100000 is the
amount set to be raised directly from
individuals, a greater task than in
any of the previous campaigns.
Committees will be strengthened
and expanded to meet the increased
number of individuals to be asked to
buy bonds. John A. Reilly, District
chairman, will announce the Wash
ington quota as soon as it has been
fixed.
This time commercial banks will
be allowed to make limited invest
AiiSAiV VI CliC SofLISo 1QllIS Ill pSl
cent certificates of Indebtedness.
Refrigerating Stock Active.
,Nmety-two shares of Terminal
Refrigerating & Warehousing Corp.
stock changed hands on the WASH
ington Stock Exchange today at So.
The stock was strong, closing with
SO bid and 60 asked.
Capital Traction SIS were in good
demand at LOG, against recent trans
ferS at 105%.
Mergenthaler Linotype registered
. 25-share sale at 491a around re-
cent levels, and Capital Transit
moved at 30. Lanston Monotype is
being quoted ex-dividend.
Financial District Comment.
National Dairy Products now esti-
mates that net profits for the year
will be above the $l95 earned on
the common stock in 1912, good
news for the many Washington
stockholders.
American Ice Co. has declared a
dividend of $3.50 on the 6 per cent
preferred, payable January 3 to
stock of record December 10. The
payment at this time last year was
so cents.
Holders of Garfinckel common
stock were much pleased with the
modest dividend increase for this
quarter announced Wednesday.
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