Evening star., 1946-02-05
Capital Transit Net
Down IA Per Cent
In Last Year
By EDWARD C. STONE.

Dy LII w 6AkSD ~ y olNLt
Net income of the Capital Transit
Co for the year 1945 amounted to
s1,328,223. compared with $1.543,5 SIS
a decrease of $215, ,356, or IA per cent
today report filed with the Public
Utilities Commission revealed
Operating revenues totaled $27 $685.
100, decrease of $201,732, or less
than / per cent. Due to a shortage
of help, operating expenses were
lower in 1945, $17.662, 1872 comparing
with $18,252, ,094 in 1914. Taxes to-
tailed $4,048,539 VS.. $5,059, ,026 in 1914
Officials stated that special charges
of 81, ,407, ,443 made in December con-
sist of amounts equivalent to the re-
duction in income taxes charged to
operations for the year, of which
s762, 1868 is attributable to cost of the
reflnancing program completed in
January, 1945, and $644, $50 to amor
tization of car and bus equipment
Revenue passengers hauled num-
bered Ali ,288 ,239, decrease of 4, 4,623,-
l61, or IL per cent.
The December report showed net
income of $103,185, compared with
$118,229 in December, 1914, a de-
crease OF sl5,044, or 1927 per cent
Revenue passengers numbered 3d.
047, ,188, against 36, ,121 ,088 a year ago.
Revenues, expenses and taxes were
all lower than in December, 1914.
December Gas Net Rises.
Net income of the Washington
Gas Light Co. in December totaled
1856 1884 against $299,7l year ago,
an increase of $56,623, company
officials reported today. Operating
expenses showed decrease of $216.-
sos arising from an income tax
saving as a result of charges in
connection with the bond refund
ing last July.
The result of operations for the
full year 1945 was a net income of
81 1885 VS.. $1,297,719 in 1914, a
small decrease of $4,065. The COM
pany expended s4s2 900 in l945 for
extension to its property in WASH
ington.
The report shows total gas sales
In December of 2,170,164 cubic feet
compared with 2,101 ,298 mcf. a year
ago. Gas sales to District of
Columbia customers in December
amounted to 1,667 ,348 mcf. COM
pared with 1,615,585 mcf. in Decem-
Der 1914. Meters in service in the
District of Columbia at the end of
December numbered l66, ,404 VS.. l64.-
708 a year ago.
Financial District Comment
George A. Hatzes, leader in the
District Life Underwriters Associa-
ton, will address Philadelphia un-
derWr1ters at sales congress on
Thursday.
The Phoenix Mutual Life Insur.
ance Co. has paid national honors
to Laurence H. Riggles, Carlton B.
Blake and Lee Morrison of the
Washington office for recent produc-
tion records.
An all-time high of $26, 6,05l in sug-
gestion awards was paid out by
United Air Lines to EMPLOYERS in
1945, new ideas resulting in an esti-
mated annual saving of S6.l9l in
materials and in other ways.
Awards were paid in war bonds and
stamps.
Hecht common, selling on the
Washington Stock Exchange at 374
is within a fraction of the high for
the year. The 1916 high is 37h.
Mergenthaler Linotype was strong
on the Washington Exchange today
selling at rs. The stock sold at
TIN in Boston yesterday. Hecht
preferred, at 108, was up full points
in New York.
There were Ill new 1856 new
highs registered on the New York
Stock Exchange. yesterday, despite
heavy prof1t-taking.