The sun., 1919-02-08
BROOKLYN EDISON
EARNINGS ADVANCE
Net Income in 1918 Is Equal
to 1921 a Share-Gross
Income S8,768,037.
NET REVENUE Is S2,6O5,592
Company Forced to Cope With
Many Unusual Situations
During Year.

Although confronted with heavier costs
OF wages, materials, supplies, etc, and
with a revenue cut by reason Of lightless
nights and the daylight saving pro-
gramme, the Brooklyn Edison Company
reported after taxes and charges a net
income Of sl,5ss,559 for 1918. This was
equivalent to s9.oi a share on the out
standing capital stock, and represents an
advance from s1.469.e5s. or 1886
share. earned in 1917.
Tho gross revenue for the year was
sS,16S,O37, an Increase OF more than
$500 900 from that of the preceding year
The net revenue after deduction for ex-
penses and taxes was s2605.o92. or
$4,000 under the previous year Other
income was increased $4,000. bringing
the total income UP to $2.6sl,s56. against
s:,S69,072 in 1917. The surplus before
dividends, after reserves and interest
were allowed for. was s1.595,559. against
S1,469,6 SIS for the previous year. and the
surplus for 1918, after all dividends. ap-
propriauons, &C., were provided for. was
s97, 500. an increase OF more than $4,000
from that of 1917.
In his statement accompanying the
report to stockholders President Mich
olas +. Brady declared that he thought
the company had made very satisfac-
tory showing during the year. The
second war year" he said, brought
forth many unusual and difficult situa-
tons with unprecedented scarcity and
uncertainty In delivery OF essential ma
terials and supplies. Prices for all COM
modities continued to rise. Not alone
did the cost OF coal, the source OF all
the energy produced. show large In
crease, but the grade furnished was far
inferior to that supplied under normal
conditions. Wages. the largest single
item OF expenses, advanced materially.
Many employees enlisted. large num-
Der were drafted and others resigned TO
take positions in war Industries. neces-
stating the employment OF women to
MI their places. Taxes were materially
mere ased. Lightless nights, voorhees,
days and daylight saving tended to re-
duoe the years revenue. Considering
the foregoing the results for the year
are satisfactory as shown by the state
ment OF earnings and expenses.
The results have been attained
largely through the loyal support OF the
management by an energetic and pa
triotic corps OF employees, many OF
whom were at times carrying extra
duties, due TO constantly changing con-
oltons, influenza and absence In service
OF former associates Every endeavor
was made to help win the war and pro-
mote conservation OF capital. The sales
force was reduced 10 a minimum and
devoted its time In attending 70 the
needs OF the Government, furthering the
development Of essential war industries
and obtaining additional business from
existing customers, thereby augmenting
the revenue Of the company with a mini
mum Of expense" -,
Many war necessities were made by
the company the president continued,
pointing out that the total number OF
contra Its signed during 1913 was 3s.41s.
a decrease o: 400 in comparison with
1917. The number OF customers on De
ceniber 81, 1918, was i2,is3 IN excess
OF the previous year. the total being
99.26", During the year 2is,97,,s25 kilo-
watt hours were sold, against 202 s32,.
19l IN 1917. and the largest daily output
in kilowatt hours generated was 1885,
900. against $4,000. the top figure for
1917.