Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-12-21
D. {. Clearing House
Cuts Bank Hours
On thursdays
By EDWARD c. STONE,

Acting upon the recommends Ito,
OF the Clearing House Committee
the washington Cd. CO. ,Ciearin
House Association has voted t,
amend the regulation affecting tn,
late closing on Thursdays by fixint
the maximum hours for banking in.
stitutiors to remain open on thi.
dsy ats5:30 pm. in lieu of $50, eff.
fective not later than February IA
1886, Robert v. Fleming, chairman
announced today.
Mr.. Fleming said the Clearing
House Committee and Association
had carefully examined statistic,
compiled by the District Bankers
Association showing the number O.
persons using banking facilities or
the late days and felt it unnecessary
for banking institutions to remain
open until $50 pm, the hour which
had been in effect on Thursday,
during the war period and had beer
decided upon after collaboration
with the War Manpower Commits
sion, in order to render the public
service.
These statistics revealed that Gov
eminent employees, now having Sat,
urday OF, could avail themselves O.
banking facilities on Satufda.
morning 49,
Mr.. Fleming added that these new
maximum hours, effective .Februar.
IA, had been set on that date be-
cause some banking institution
~o,,1S toue 20 yaoEe chonoac "
their bylaws fixing banking hours
and this date allows time for board
Of directors to . act. Many institu
tions will probably shorten hours be-
fore that date. - 49,.
Transit Net OF slss, 1914.
Net earnings of the Capital Tran
sit, Co. in, November totaled ST..
s6627, compared with $277, 060.76 {
year ago, q sharp drop of $199. 1914. 40
or. 7l9 per cent, according to thu
report filed today with. the Public
Utilities Commission.
Tax adjustment had the effect OF
decreasing net income in November
by $43,3 $3.50 and Of increasing net fol-
November. 1874, by .$144, 900.
The two suspensions of service on
November s and z and November 81
caused loss in revenue of about
$l70, 900, decrease in operating ex-
penses and taxes Of $l58 300, and q
decrease In net income of 11.100.
Excluding the annual adjustments
and the two suspensions, November
net income would have been about
1882 900. compared with Sl33, 600 last
year, OflcialS said
November revenue passenger traf-
nc showed l5.4 per cent decrease.
Net income in the IL months
amounted to $l,225 ,037.84 VS.. ST.
AS ,349.95 q year ago, q decrease of
s2oo,312.ll or al per cent.
Stocks at New 1915 Peaks.
Four leading issues on the WASH
fngton Stock Exchange have chalked
up 1945 high marks this week, pay
ing no attention to the recent set
back in the New York stock market.
woodward IL Lothrop common
sold yesterday at IS, up a full point;
Union Trust changed hands at 155
on Wednesday, an increase of 61a
points since the last previous sale;
Lanston Monotype moved up tos21A
earlier in the week, while Peoples
Drug Stores common moved at 1914
Capital Transit stock, holding
around SO, is not rejecting the pres
ent wage discussions.
Regular and Extra Voted.
Directors Of the American Secur-
ity Il Trust Co. have declared a
dividend OF 2 per cent and al, extra
dividend of per cent, payable
January 10 to stockholders of record
December 81.