The Washington times., 1913-02-01
Dividends To Be Paid.

dends.
Dividends To Be Paid.
On March l the next quarterly divi-
dend of i per cent on the common will
be paid and IL per cent on the pre-
ferred.
The gross earnings from opera
OF sS11, ,SOs.5s over the last year. The
surplus income shows an increase of
Hi4,s22-57 over that of 1911.
The figures are not separated as to
the affairs Of the constituent COM
panies. including the Potomac Electric
Power Company, the chief subsidiary,
from an earning standpoint. All of the
100000 of stock of that company is
owned by the Washington Railway and
Electric Company. That stock was in
January. But, according to the report
Of the Potomac for 1911 given last year
TO Congress, Its gross revenues alone
amounted to 81, SO, 1859. with operating
expenses of less than half that amount,
or. exactly, s7f2. .02S7. To this amount
wac added interest Of sS1I, 5Sse and
other charges bringing the total up to
u.153.5f.69, and leaving a clear surplus
OF $5l66A. The corresponding figures
for 1s12. undoubtedly making an even
Congress today. z-sa
The figures of the Washington Rail-
way, company make an interesting COM
parison with those of the Capital Trac-
;fon Comuany. made public earlier this
month The chief item Of difference
fs shown in the items written of
amounting 10 S213. 1881 by the railway
company as compared with a surplus
for the year of A7,125.79 for the Capital
Traction Company after the items OF
operating expenses, taxes and interest.
and dividends only had been deducted
from the total operating revenue of
st,z65.212.T4. The item of dividends of
the Capital Traction Company was 6
per cent on sl2ooo,ooo Of stock, amount
ing to $40 900.
The statement as issued by the Wash
ington Railway and Electric Company
TO the stockholders is as follows:
INCOME ACCOUNT FOR THE YEAR 1872.
A summary of the results from the opera
tion of all companies afte: excluding all
onsettfng transactions, is as follows:
Increase
Gross earnings from 1912 over 1871
operation s. s5S 32S 0S S3ll sos 50
Miscellaneous income
trentais- etc-)---.-..-.-. II, 25S.t5 '2.91S.SI
Gross income ...a ssl. l.ls ssO8. $50 es
Operating expenses. in
taxes ..........,........ ~ s5ss22s,s n&C2o@
Gross income. less op-
Grating expenses and
Fixed charges, interest
on bonds. etc..-....... I1O7. COILS Is.o45.I
Surplus income .........H,o.5 1905 s74. s2e 81
Decrease
DISPOSITION OF SURPLUS.
After providing for fixed charges. the sur
surpius income - I.O25 7sO 4s
Add prodt invest
meats (intere,t t...... I.2o7.2s
,Lo2sSs7.75
Payment Of Sc dividend
on preferred stock. S425 O00. 90
Payment Of &c dividend
on common stock. $50. COCO 6SoOOo.O %
.-. 3n,ssz75
Distribution to conduc-
tors and motormen.
under profit sharing
pepreciation s on equip '-''
nlent-rsilways ....... 65.5I3.sy
Removal Of abandoned
cbnrsed assa Of. account 'O'''''
Glen Echo PARK ..-.. I.0oaG
Fire loss, 18th and ID
Z SITS car house. q, 5l3.4l
Sinking fund require
uents-Potomac Elec-
tric Power Company. $4,000
I-css due to abandon
ment Of street light
ing e1uiDnent-Poto-
= mac Electric Power
Loss On other equip
Inent sold or disInan-
tied during the year
Potomac Electric Pow
or Company 2.S21.!S 3.l3 l2J- 81
Credited to profit and
loss .,............. N3s Sl2.4t
Amer closing the accounts fer the year the
profit and loss suhpiUs OF the Washington
Railway and Electric Company Oh January
i, 1913. is 81, os2. .51s.t5.
The report is regarded as extremely
gratifying by the directors and they are
copgTstriating President Clarence i.
IJrs for the showing after two years