Evening star. [volume] (Washington, D.C.) 1854-1972, 1952-01-28
Capital Transit Lists
December Net Decline
OF n Pei. From 1850
! By Nelson M. Shepord

ported net income Of $180.841 for
last December. drop Of 21.1 per
cent from $229.071 in the same
month Of 1850. This sharp de-
cline. the company stated. re-
fiected the wage increase granted
employees last July.
The report listed income Of
$1,404,097 for the year ending
December 81, an increase Of 60.6
per cent, or $529, 797 over 1850.
Operating revenues last Deem
Der were $2.375,113 against ST.
1885, for December 1850, de-
crease Of 04 per cent. Operating
expenses, taxes and depreciation
were $2,204,016, an increase of
$62,677 or 20 per cent.
In 1851, when income rose sos
per cent. operations reflected only
six months Of the higher wage
costs. Operating revenues totaled
$2a, 1855 SIT last year, up ST. per
cent from 1850. Operating ex-
penses, taxes and depreciation
were 81, $40, up 3.8 per cent
from the previous year.
Capital Transit carried fewer
passengers in December, 1851,
than in the same month of the
previous year. The total num-
bered 26,985, 1913, a decline of 947.-
089 or 3.4 per cent. TOTAL miles
of bus and car service for the
month declined 127.7s8 miles, or
SO per cent.
Four Banks Among Largest.
-Four Washington banks with
combined deposits exceeding 1929
million are listed among the 800
largest commercial banks in the
United, States, according to the
annual Banking Roll CaIl" pub
lished today in the American
Banker of New York.
Noting that there are 1890
banks in the country. the publica-
ton pointed out that deposit in
creases again characterized bank
ing last year and listed the top
800 with their rank and deposits
on December 81. 1851.
Riggs, National Bank, heading
the Washington list with deposits
of $352,668, Gal, ranked sixty-first
last year, dropping behind its 1850
position of seth in total deposits
despite q sizeable gain during the
year. American Security and Trust
Co., with deposits of 500. 693 .06S.
placing it second in Washington,
advanced from No. los In 1850 to-
No. 100 last year.
A second local institution to ad-
vance its position was the Hamil-
ton National Bank, with deposits
of $106, 1874, 1892. It forged ahead
from 207 to 199. National Bank
of Washington, with sos. 428, 1S8
in deposits, dropped from 1872 to
202 in 1851.
Is Banks Exceed Billion.
The report listed 18 banks with
deposits exceeding 81 billion. frst
place going to the Bank Of Ameri-
ca, with deposits Of $6.815, 1856, 1876.
The 800 top banks in the list
reported total deposits on Deem
Der 81 Of $99, 079. 671 900, a gain
of Sc billion over their 1850 year.
end totals. The rate Of gain
would indicate an increase Of $12
billion in deposits in all United
States banks during 1851 to an
estimated year-end total Of 1851
billion. the report stated.
Application Of the Mutual Fed
eral Savings and Loan Associa-
ton of 425 Seventh street S.W.
to move its offices to 1875 Penn
sylvania avenue NV. has been
approved by the Home Loan Bank.
Secretary Joseph P. Burke. jr.,
announced today.
Mutual Federal has been doing
business in the Southwest area for
so years since its founding in 1892.
The Pennsylvania avenue building
was purchased from the Hun
garian Reformed Federation Of
America, which recently moved to
1901 P street NV.
Mr.. Burke said the purchase
price and improvements to be In
stalled will total approximately
$4,000. Mutual Federal. Of
which Lindsey p. Rawley is presi-
dent, has current assets of $2,750,-
600 which represent new high.
The new location will be &C.
cupied before July /, it was hoped.
All officers and directors Of the
institution were reelected at the
recent annual meeting, including
the addition of a new post, that
Of assistant secretary. Named to
I'LL this spot is George F. Lingo
bach.
Directory Wins Praise.
The Washington Real Estate
Board is being congratulated On
the success and initiative Of its
1852 Directory. largely the work Of
Charles j. Lush. .....
executive secre-
tary treasurer
and his staff. "a W
Mr.. Rush will
have been 20 d