The Washington herald., 1921-10-11
W.R. &E. OPERATES
AT S24,2Sl PROFIT.
DURING AUGUST
Company Reports Huge
Gain Over S51 1886 for
Previous Month.
PEPCO PROFITS OFF
Reports S46,027 for August,
Against s71,521.11 in July.
Other Earnings.
PEPCO PROFITS OFF

The Washington Railway and
Electric Company was operated at
net income of s234,2S1.O7 during
the month Of August, 1921, accord
ing to reports reaching the Public
utilities Commission late yesterday
afternoon. During this period the
operating revenues amounted to
SiS4'21s.39 with operating expenses
and taxes totaling S3I7.447.0s. The
incorporating income amounted to
SlS4.4I7.S4 and the gross income
less operating expenses and taxes
aggregated s301.309.94. from which
was deducted s67,02S.S7
July.
Potomac Electric Power.
The net income of the Potomac
Electric Power Company during the
month of August aggregated $46.-
OzI.SS, according to the report just
submitted. contrasted with earn
lngs OF $I1,52I.l1 for the month of
July.
The gross earnings from opera
lions amounted to S355.019.36 while
the operating expenses amounted
to S22O.5S7.2s. The net earnings
from operations totaled $134.432.OS
and the miscellaneous income
amounted to ss,5S7.24. The gross
Income less operating expenses ag-
gregated S143.O19.32. from which
was deducted $96,s9l.39.
The gross earnings for August
are stated after deductions of s32,-
1885 were set aside as a con-
tingent reserve for repayment to
consumers IL hereafter required by
the courts.
GeOrEefo~n aud reuu.IIxtoxxr n
The Georgetown and Tennally-
town Railway Company was oper-
ated at a deficit of s2.112.6s during
August. compared with a deficit of
sl.722.32 for the previous month.
The operating revenues for the pc
Rod amounted to s9.6s4.40 with op-
Grating expenses and taxes totaling
s1O.T3S.16. Deductions Of s1,045
were made for the period.
Washington Interurban.
The deficit for the operation OF
the Washington Interurban Rail-
way Company amounted to s54313
for the month of August, con-
trasted with s374.53 for the previ-
nus month. Operating revenues for
the period amounted to S2.951.04.
with operating expenses and taxes
for the period totaling s2.s47.8S.
Deductions Of s646.29 from the
gross income were made for the
month.
City and Suburban Railway.
City and Suburban Railway Com
pany's monthly deficit increased to
s2I.23626 for August's operations
compared with s13.7T7.3s for the
previous month. Operating reve-
nues for the month amounted to
500. 522.O2. with expenses and taxes
aGgregating s114.117.55. Deduc-
tions in this case amounted to ST.
S47.62
Local Securities.
Cutting Of the call money rate on
the Washington Stock Exchange to
s per cent constituted the only fea-
ture to yesterdays session. Local
banks have persistently held out
for per cent. except on a few oc-
casions when the rate has been low
cred to 6Ia per cent. while New
York funds have been lowering
around the 5 per cent mark. in some
Instances declining to as low as 4
per cent. Consequently. there has
been very little business on the
Washington call money market.
However, all this is now changed,
and it is safe to predict that for the
immediate future, at least. there
will be no necessity for raising the
rate.
Every issue traded in yesterday
on the local exchange showed ad-
yancing tendencies. Washington
Railway general 6s climbed from 81
10 s4I4, and the 4 per cent issues Of
the company at 60IS and 60A.
twenty shares of Lanston changed
hands al T2Z. and Washington Gas
~ per cent notes sold at 1O2A.
Personals.
John l. Fugitt. assistant treas
urer Of the American Security and
Trust Company. returned to that in
stitution yesterday after an absence
Of two weeks
Harry L. Dunwoody, Of the Wash
Ington office of the National City
company, will leave some time this
month to take a position with the
home office in New York.
Charles d. Boyer. assistant cashier
of the Federal National Bank, is en-
Joving a weeks vacation.
Or Garden F. Warner. of Chevy
chase, Nd, has been elected a di-
rector of the Northwest Savings
Bank.