Evening star., 1950-08-08
Larger June Net Shown
By Capital Air|ines,
Revenues SET Record
By Edword c. Stone

Operating profit Of Capital Air
lines for June totaled $364,5 an
increase of $lo4,396 over May. j.
H. Carmichael, president, an
nounced today.
Net profit for June amounted tol
$2l8,330, after taxes, compared
with $214,668 in May.
Operating revenues for June
reached $2,6o6, ,896, exceeding the
previous all-time high established
in May by $60.877. Passenger rev.
enue increased $170.l90.
Mr.. Carmichael said 10000 more
passengers few in June than in
May for an increase of 3,742,34l
passenger miles.
Bank Debts Gain Sharply.
Bank debts so far this year
have been setting new records
all over the country. The Ameri-
can Banker has assembled the
figures.
Debts in the Fifth Federal Re-
serve District In the first six
months of the year totaled
$25, ,O3s ,ooo,0 900. a gain Of SO per
cent over the like 1949 period,
Bank debts of $4,522. 100000 in
June were IL per cent above
June a year ago.
Debts in Washington banks in
the half year amounted to $4,942,-
236, 1000, up II per cent over l949,
and in June totaled 1925 ,305 900,
a Jump Of II per cent.
Check payments in the Nation
in the same period climbed to
$652 500, 900. 900. rise of 6.5 per
cent.
Barbecue Bids Sent Out,
J. P. johnson, general manager
of the Terminal Refrigerating &
Warehousing Corp, has issued in
vitations for the ''yearling barbe-
cue" which he holds every sum-
mer at his home, 1903 Thirty
eighth street, Brentwood. Md. The
party, which is attended by about
300 associates in the market dis
trict, starts socially at 2 o'clock.
followed by the craving of the
steer being cooked outdoors at s.
o'clock.
Those who have attended these
parties in the past will never for
get them. Tables are set on the
lawn and the guests are greatly
interested in the roasting OF the
steer which requires about eight
hours
B. g. o. to Build Tunnel.
Contracts have been awarded
for construction of a new $4
million tunnel on the Baltimore
& Ohio's main line, S miles east
of Clarksburg, w. Va. to be
finished early in 1852.
1t will replace a tunnel built in
the 1850s. have a double track
right of way and be $500 feet
long, 900 feet longer than the old
one. It will be 28 feet high and 81
feet wide. The improvement will
eliminate curves in the track at
both approaches to the old tunnel.
Institute Leaders Meet.
Washington Chapter sent a good
sized delegation to the Middle
Atlantic States Regional Confer
ence Of the American Institute 9Of
Banking, at Charlotte. N. C.. SAT-
urday.
Samuel C. Redmond, Lincoln
National, was one Of the speakers !
and william H. Smith of Riggs
National. national chairman Of
the Public Speaking Committee,
also addressed the junior bankers.
Others from Washington in
cluded Ralph Mittendorff, Ameri-
can Security; Wilmer Waller, jr.,
Hamilton National; Walter Glenn
ents, Prince Georges Bank 81
Trust Co.; Robert Crofoot, Lin
coin; Miss Geraldine Huffman,
National Capital, and Frances
Powell, Washington Loan g. Trust.
Incorporation of Elman Labels,
1922 Vermont avenue NV, was
announced today by Bernard FL
man, president.
ID. C.. Stocks Turn Active.
Trading on the Washington
Stock Exchange today covered an
exceptionally large number of diff
ferent issues.
Riggs National sold at 36512,
Woodward & Lothrop common at
81, Hecht common at %, Peoples
Drug at 321s, Mergenthaler at 81
and Real Estate Title at 178.
Other stocks were strong. Po-
tomac Power common again
moved 1914 on large lots.