Evening star., 1915-01-16
RAILWAY COMPANY'S
REPORT FOR YEAR 1874
Shows Total Gross Revenue Of
$5,oS2, ,325.93, an Increase
of $12S,78S.
Depreciation Charges Total $553,
4s21o-Surplus, 81, 1,O2O. 429.s8.
Other Financial News.
BY I. A. FLEMING.

Stockholders of the Washington Rail-
way and Electric Company and its sub
sidiaries, including the Potomac Elec-
trio Light and Power Company. met in
annual session this afternoon. The
meeting was largely attended.
The former board Of directors. in
cluding Milton Z. Allies. Charles ]. Bell,
William B. Hibbs, Woodbury. Blair.
Clarence p. King. William Loeb. jr.:
Clarence +. Norment. George Truesdell
and William F.. Ham. was reelected
The report of business for 1914 shows
q total revenue of s5.0S2. 1858. being
an increase over the year 1913 of S12S,-
1886. Operating expenses. including
taxes. amounted to s2,S63,7 ,73611, leav-
ing net receipts of 21S.5ss.S2.
Deductins interest and miscellaneous.
s1,l77,117.23, leaves surplus for the
year of 81 ,041. .4I2.J9, out of which dlvi-
dends of sSs0.00O were paid. per cent
on preferred stock, sic5,000, and I per
cent on common stock. S455,OOo That
left a balance of s161.472.5s, of which
s9S,320 was used to purchase bonds for
the sinking fund. 100000 Gin addition
to s43.57161 included in operating ex-
penses) was charged to depreciation
of railway equipment: Sl5,52t.l4 was
distributed under a profit sharing plan
to motormen and conductors: s6,S52?3
for miscellaneous items. There was
credited to profit and loss s1o.772.52.
The total profit and loss surplus or
Washington Railway and Electric
Company is s1,O20429.SS. The amount
of earnings disbursed or set aside for
maintenance and depreciation during
the year was sS53.4S2.10.
1t is worthy of note that for the first
time in the many years of existence the
City and Suburban railway paid an
initial dividend of per cent. This ap-
plies to the Washington and Rockville
railway. which also paid its first div
idend. per cent.
Comparative Figures.
Dividend payments in 1913 called Tor
ss47.5o0: in 1914, there was disbursed
on this account sssO,o00. Operating ex-
penses in 1918. including taxes. called
for s2,699.e71.64, which item was in
creased in 1914 to s2.s63, 3,736.11.
Actual revenue from passenger tramc
decreased about $4,000.
From 1909. to 1914, inclusive as to
both years. the total depreciation and
maintenance charges of the company
and its subsidiaries was S4,536,4o4.9s.
distributed as follows:
In 1909. s69o9O0.77; in 1910. s129.631 {;
in 1911. s717.31S.77. in 1912, s740. sol 50:
in 1913, ss04.57O, and in 1914, $685.
4S2.10.
Light Trading in Local List.
Not a single transaction was reported
in stocks on the local stock exchange
Transactions in bonds were also re-
stricted to small lots, with prices re-
manning fairly firm:
washington Gas 5s, 1o31s: Capital
Traction 5s, 107, and Potomac Console
dated IS. 991..
Financial Notes.
y shipment of s1,500.oo0 gold has
been received at San Francisco from
China.
The Amsterdam Stock Exchange is
to reopen February 2.
Childs Company showed a gross profit
for 1914 of s731.o49. decrease OF
si3e,555, as compared with the pre-
vious years returns.
November was the best month in the
1914 calendar for the Atlantic Coast
Line, with gross earnings for the
month showing a loss of 23.1 per cent.
as compared with the gross revenues
for the same month in 1913.