The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-11-04
PEPCO REPORTS
LARGE GAIN FOR
SEPTEMBER, 1921
Net Income of $62,S94.60
IsBouble Profit of
Previous Year.
OTHER EARNINGS IN
". r! & E. Gains, While Sub
! salaries Lose - Clearing
House to Discuss.
OTHER EARNINGS IN
Nose

The Potomac Electric Power Com
paHy Shows a substantial increase
over September a year ago, and Also
over The, previous month, in its
statement of earnings for Septem-
Der, 1921, according to their month
ly report in the hands of the Pub
lie Utilities Commission. The net
inconfs for the period in question
amounted to S62.Ss4.6O. comparing
with stGo37.s3 for August and $780,
24s-55' Tor September. 1920.
The gross earnings from operation
Of the company during September
aggregated S376T4S,S1. with operat-
b ing expenses amounting to s219.-
2s4.S0.
w. r. & f. Earnings.
ThesABet income of the Wash
ingtOn Railway and Electric Com
pany for the month of September,
1891, while showing a huge decline
over the previous month. is well
In advance of the figures of one
year ago. During September. the
company was operated at profit
Of S4273o.56. against $234,2S1.O7 in
August of this year, while the net
Income for the period one year ago
totaled- ss4,21O.1O.
Operating revenues during Sep
TENDER aggregated $4OS,S7197, with
operating. expenses amounting to
s3o3.s1a11
Georgetown and TennalIytOwn Ry.
The Georgetown and Tennally-
town Railway company was oper-
ated at a deficit of s2,I52.62 during
the month of September. 1921, &C
cording to Public Utilities reports.
This deficit compares with losses
of s2:11e,6s for August, 1921 and
S1,604-66 for September. 1920
City and Suburban Railway.
The City and Suburban Railway
Company lost $17,544.O0 for opera
tions' during September. 1921. &C
cordfng7 to reports received by the
Public Utilities Commission These
figures compare with a deficit OF
s21,2S5.eS for August. 1921 and ST.
37O.s5 for September, 1920.
Washington Interurban.
September's operations during
1921 cest the Washington Interur-
ban Railway Company s1,1O9.92, ac-
cording to statement Of earnings
placed with the Public Utilities
Commission. During August, 1921.
the company was operated at a
profit Of s543.13. while September's
1920 income aggregated S69O.11.
Clearing House to Meet.
There will be a special meet
jngs1of the Washington Clearing
Fouse- Association in their rooms
in the National Metropolitan Bank
Building on Monday next at m.
The meeting. it is understood. has
been called for the purpose of con-
sidermg a formal application of the
Washington Loan and Trust Com
pany for full membership in the
association.
1-rH Joins Sales Force.
The Washington office of the
Guaranty Company of New York is
announcing the acquisition of Wins
low B, Van DevanteT to their sales
force
Mr.. Van Deyanter, a son of the
Hon willis Van Devanter, United
States Supreme Court justice, has
recently graduated from the bond
school of the New York office of
the company.
Local Securities.
The new Potomac Electric Power
CompaRyis general refunding and
Improvement per cent bonds fea-
tured on the Washington Stock Ex-
[changa yesterday, reaching a new
high Of 1908, with zoos asked at
/ the close.
| Capital Traction IS crossed go and
kouched 9OH. a sharp improvement.
Potomae Electric debenture Is sold
So
washington Railway general
brought 94A and Washington
as III per cent notes sold at ! 03.
Stocks were also strong. Gas
pyed up to 40. Railway common.
to ns6Iz. and Railway preferred
d at 5sS.
all money held at per cent bid.
Ia slper cent asked.
Lanston Dividend.
rectors of the Lanston Mono
Company have declared the
1 IL per cent quarterly divi-
nayable November 80 10 share
hrs of record November 10.