The Washington herald., 1921-08-11
bOnERTYDECLARES
|JTILfTYCObRANIES
PROFITS
\. 7. Expert Encourages
Local Owners in the
Statepent.
OTHER LOCAL DATA
Thompson Addresses Fl Dora
do Club; Boyer TO Make Ad-
dress-Personal Notes.
OTHER LOCAL DATA

| lHenryiL Doherty. head OF the
|ew York investment firm which
|ears his name. and recognized as
Zmeriea's foremost public utility
|xpert. who Is now in Washington
short business trip. haa .
heeriug message for local utility
wnSrs' when approached yesterday
esarding hts Pet topic. MI. Do
Ierty declared that while figures
br. operation: Of the public utility
5pmpanies Of the country for the
|rst six months Of 1891 will not be
vaiiable In complete form for
bme time, enough Is known to
how that. gross earnings for that
|sriod were very large and. more
nceuraging than anything else
bat net earnings showed pro-
|ouncsd- gains over the correspond
BIZ SIX months of the several pre-
eding years. The reaction in com
Rodity prices has probably had
bore. effect on. operating costs Of
sbIic utilities than In many other
Ines, according to Mr.. Doherty.
ubHc utility companies are heavy
purchasers Of labor and material.
e said, and at no time have had
&rze inventories on hand because
eir financial condition, owing to
6iculty in securing new capital
IDS, prevented them. over-buying
q in many respects the utilities
the country for the last several
bars have been living from hand
b mouth"
Fuel Crisis over.
Tn. fuel situation until the first
< months OF 1921 was one Of the
lost serious problems confronting
be utilities This problem has now
rgely solved itself and the util-
hes are obtaining plentiful fuel
,pplies at much more favorable
kicss. The public utilities of the
buntry are In better situation to-
~. said Mr.. Doherty. than they
lave been for, several years, ana
ith the expected Improvement In
be general Industrial situation
hey should show even more
srkedN gains In revenues
Reports from utility companies
n the first six months Of 1891 i'm
cate an upward treHd in net earn
Rs. Combined net earnings of the
lbIic utilities subsidiaries of
tie Services. Company have been
Rowing steady gains. for the first
klf of the current year. and all
dicanons are that these gains
bouid@f continue for the second
Mr.. tin the. opinion. OF Mr.. Doherty,
no. advances the Information that
ere is no Question that the pub
utilities. companies Of the coun-
have definitely passed the cor
r IN net earnings. and that the
beatty improved situation In this
speet should soon manifest itself
material Improvement IN prices
tails security.
rhe.pssa Addresses Club.
Elicit II. Thompson, publicity
Pnaser Of the washington Loan
d Trust Company, made the prfn-
paf address At the weekly lunch
n Of the El Dorado Club yester-
y on Advertising" In the course
his address Mr.. Thompson Ae-
yed that nothing exceis news
per or magazine advertising or
ht was received with much inter-
was TO the effect that publicity
a great factor in moulding opin-
be and Is q business necessity.
Beyer 70 Give Talk.
Cnanes D.. Boyer. assistant
shfer Of FEDERAL National Bank
ID past president. of the washing
Chapter, American Institute Of
mixing, will conduct the. next lee
re- on banking topics before sup
.oficers, U. s. n, at the Navy
partment next Monday.
rae topic chosen for Mr.. Boyer Is
rotests."". '.s
-: Local Securities.
Securities listed on the washing
Stock Exchange failed to bet
their position materially during
sterday's listless trade. Railway
easily. featured the session. with
es aggregating $40, 900 at 81, the
jorfty consisting Of $1,000 lots.
rgenthaier sold 10 the extent of
teen shares at 1873. and $1,000
konac Electric general mortgage
sold at ssh.
-aii money scored an abrupt rise.
per- cent being asked by lendirC
ms. with per cent representa-:
minimum bid.
-, Persoaals.
klbert s. Galley. cashier of Lin
n, National Bank, and Frank
ings, assistant cashier of the
ak Of Commerce. and Savings.
oEhave been taking q vacation at
antic CITY. will return 10 wash
ton on Monday.
C. Lsznborn. treasurer Of the
rfonal Savings and Trust Com
IL. Is spending a months vaca-
IN Georgia. He Is accompanied
Mrs. Lamborn- i
F: F:Jaeobson. cashier of the Ma
hat :. metropolitan Bank, intes-
tied his vacation in the Blue
10 Mountains by returning to
shington for q day yesterday.