Evening star., 1951-03-01

total shares and reserve for divi-
dends on the shares amounted to
S14,792,885 VS.. $14,551,477. Con-
struction loans in process totaled
S772,700 VS.. $243.200 and surplus
and contingent reserves rose to
Sl,654,008 VS.. $1,599.023.
Stock in the Federal Home Loan
Bank amounted to 100000 VS..
S135,0O0, United States Govern
ment securities totaled 100000 VS..
S1,200,000, and cash on hand and
in banks, $919,237 VS.. $1,093,613
Transit Income Improves.
Net income of Capital Transit
Co. in January totaled s110,571 in
contrast to a deficit of 1922 in
the same 1850 month. the COM
pany reported to the Public Utili-'
ties Commission today.
Operating revenues for the
month were $2.391, ,343, a gain of
rs per cent from year earlier,
while operating expenses of
S1.774,189 were down 4.3 per cent.
Revenue passengers totaled
22,090,085, a decrease of 9.3 per
cent, while total passengers Of
28.400,563 were down 9.6 per cent.
Car miles dropped to 1928 800, a
decline of 7.3 per cent while
2,154,136 bus miles were off 80
per cent from year earlier.
In announcing reconsideration
of the company's application for
approval of a 4-for-1 stock split
up, PUG officials said the move
was designed to keep the case
open until after ICC action in the
same case. An ICC hearing for
oral argument has been set for
March 7.
Bank Clearings Above 1850.
Washington bank clearings in
February totaled $383,489,677,
compared with SAIL ,322,912 in the
previous month, but were 81 per
cent above $301.844, ,866 in Feb
ruary, 1850, and were the highest
on record for that month, George
H. Bright, clearing house mana
ger, reported yesterday.
Clearings for the first two
months of this year reached 1884,
812,589, also a gain of 81 per cent
from the same 1850 period, when
the total was $673.179,320. The
two-month total also was the
highest on record for that period.
William PouItOn Honored.
William E. Poulton, vice preSi-
dent and treasurer of Columbia
Federal Savings & Loan Associa-
ton, was honored by his asso-
ciates yesterday on his Goth an
niversary of service with the asso-
citation.
Clarence E. Kefauver, president
of Columbia Federal, paid tribute
to Mr.. Poulton's work with the
institution and his efforts for the
educational program of the Saw
ings and Loan Institute. Mr..
Poulton was given gold watch.
veterans Acccpt Nv SctS.
Two Korean war veterans ac-
cepted giant screen television sets
on behalf of patients at Walter
Reed and Fort Belvoir Hospitals
at noon today from Charles B.
Dulcan, ST., executive vice presi-
dent and general manager of the
Hecht Co., and Lawrence Lehan
vice president and general mana
ger of Joseph M. Zamoiski Co.
The sets will be installed by
the Hecht Co. for the makers OF
Red Cross shoes, who have do
mated Is sets to military hospitals
throughout the Nation.
Corpl. Wayne E. Brenizer OF
Fort Belvoir and 1t. Kenneth
Blood of Walter Reed accepted
the sets.
Joins NOrden Laboratories.
G.. Lawton johnson of Pitts
burgh, who recently resigned as an
official of National Tube Co., has
been named vice president of Nor
den Laboratories Corp. Mr.. john
son has been active in the admin
istration of contracts with large
steel purchasers and the Govern
ment agencies, and is well known
here.
w. B. Henaghan has resigned as
Washington branch manager fol-
Davidson Corp. a subsidiary OF
Mergenthaler Linotype Co. E. j
Pagan, assistant to the vice presi-
dent, will serve as acting manager
Of the Office here.