Evening star., 1943-06-07
Sharp Gains Scored
By D. {. Utilities
In 4-Month Period
Phone, Cos and Transit
Nets Exceed Year AGO;
Power Income OFF
By EDWARD c. STONE

BY EDWARD c. STONE.
Three of the four big Washing
ton utility corpora tons showed no.
table gains in net earnings in the
first four months of this year in
comparison with the like 1912 pc
riod. according to the reports filed
with the Public Utilities Commits
sion. Although taxes and other ex-
penses made a heavy drain on in
comes. operating revenues piled up
still larger increases.
The Chesapeake & Potomac Tele-
phone Co. reported net earnings in
the four months amounting to $780,
644 against $5l2,83l year ago, or
an increase of S477,S13. Operating
taxes this year required S1,323,19
against $9l9,4 400 in the same period
last year.
The Washington Gas Light Co
got the benefit of a cold. late spring
which brought net income up to
s952,649, compared with S8l2, ITO last
year, or an upturn of $l39870. Dur
ing the four months, operating ex-
penses, including taxes ran more
than 100000 ahead of last year. but
operating revenues were 1857 ,O23
higher.
The Capital Transit Co. regis
tered net income of $543.909 VS.
S454,741 in 1912, an increase of more
than S89 1000. While the company
reported an 85 per cent advance in
taxes alone, this and other expenses
were Offset by an increase of &c.
044297 in the number of revenue
passengers carried in the four
months, 137,825, 500.
The Potomac Electric Power Co
failed to exceed last years record
in net earninghs although this fig
ure reached SLABS, ,779 48. OFF s34.-
302.l8 from 1912, or 2.33 per cent
While operating revenues recorded
a gain of $825.346, operating ex-
penses took S5.534095 which was
S8l6,946 more than last year an in
crease Of II per cent. The company
paid Sl,74l ,347 in taxes alone. a
jump of 80 per cent over the four
months Of 1912.
ID. {. Store Collections Up.
Of the current bills due Washing
ton department stores on April
So per cent were collected during
the month. the Federal Reserve
Bank of Richmond reported today
This is far ahead of the al per cent
collected in the same month a yeal
ago.
Twenty-Five per cent of the in
stallmenJ bills due the first of the
month We're paid, against only It
per cent in April year ago.
Stocks of goods on hand at the enc
of April this year were 27 per cent
lower than inventory totals for Apri
year ego
Outstanding orders for merchan.
disc were Al per cent higher thar
on the same date year ago.
Retail trade in the Capital. a!
already announced. was per cen,
higher than in April, 1912. and {
per cent better than in the first foul
months of 1943.
Delegates OFF to Chicago.
Delegates from Washington Chap.
ter. American Institute of Banking
will leave here late today for Chi.
cago to attend the annual conven.
ton opening Wednesday. which ha!
been cut to two Gays and will bt
devoted wholly to wartime financia
problems and the election of officers
The delegation from the Capita
will include George M. RoWzee, Lin.
coin National, retiring chapter pres,
ident; George EarnShaW, Nationa
Metropolitan, incoming president
w. l.. SanderSon. Hamilton National
member of National Council; Ste
phen O. Porter, Riggs National. who
will compete for national oratorica
honors: Leona Draeger, Washington
Loan & Trust Co.. member of the
chapters Board Of Governors, ane
Sophie karydakis. Second National
chairman of the Women's Com.
mittee.
-Four WaShingtOnianS on Program.
Four Washington men will be th'
principal speakers at a meeting o
the Trans -Missouri-Kansas Ship
pers' Board at the Allis Hotel il
Wichita, KanS., on Wednesday.
They are Col. E. C. R. Lasher
deputy chief of the traffic contro
division Of the Army Transportation
Corps; Homer c. King, director o
the Bureau of Service of the Inter
state Commerce Commission: Olil
c. Castle, associate director of tn
| division of railway transport of tn
Office Of Defense Transportation
and Ralph E. Clark, a manager 0
the car service division of the AS
i sociation of American Railroads. Al
will appear on the morning pro
| gram.
Preparations for the tranSpOrta
ton, marketing and storage of tn
l943 winter wheat crop will be com
pleted at this meeting
Appraisers Meet Tomorrow.
Washington Chapter, Society O
AeSSAoNAipie'i app Will llOlo tIi
last meeting of the season tomor
row evening at the Capitol Parl
Hotel, beginning at 6:l5, Secretar
R. Lee Baxter announced today. Al
appraisal contest between two picke,
| teams from the membership vii
feature the program A large mum
ber of special guests have been in
vited.
Schultze Given New Position.
George P. Schultze has been ap
pointed special agent and man
ager of the Washington office o
the Home Insurance Co. of Ney
York, it was announced today /
native of Washington, he has beel
in the insurance business since 1926
Mr.. Schultze is a member of tn
Board of Governors of the Distric
Life Underwriters Associat tior
trustee of the Insurance Club o
Washington and member of tn
Insurance Committee of the Boar
of Trade, as we'll as being particu