The Washington herald., 1921-09-03
PEPCO' EARNINGS
Hl,52l.ll In JULY;
WR&E., s5l,85.53
Subsidiary Report Deficit
In Early Statements
To Commission.
OTHER LOCAL NOTES
ID. c. Issues Moderately Ac-
tive-Personals-Mellon
Calls in Funds.

NgAAAo SAA~os
Washington Railway and Flee
trio and Potomac Electric Power
Company, so far, are the only two
local concerns reporting to = the
Public Utilities Commission, to
show a profit for July's operations.
Those reporting a deficit for the
month are the City and Suburban
Railway Company, the washington
Iuterurban Railroad Company and
the Georgetown and Tennallytown
Railroad Company.
OF the reports already received
the Potomac Electric Company is
the greatest moneymaker, report
ing a net income of S71.521.11. This
company shows gross earnings of
1856, ,s4356, with net earnings from
operations of s147,9O1.54. The mis-
cellaneous income amounted to
SI9.sss.04. From the gross income.
less operating expenses, was de-
Quoted s96,079.47. The gross earn
ings for July are stated after n
deduction Of s34.396.4s set aside as
contingent reserve for repayment
to consumers IL hereafter required
by the courts
w. r.. a z. Earnings.
The Washington Railway and
Electric reports a net income for
the month of July of $5l.3s5.53.
The operating revenue is reported
as being S460.171.36, with operating
expenses and taxes amounting to
S345,566.45. leaving an operating
income of s114,614.91. The nom
operating income was placed at
s3.s26.13. leaving a gross income.
less operating expenses and taxes,
of sllS54l.04. The deduction from
the gross income equaled S67,-
ll5.51.
City and Suburban Railway.
The City and Suburban Railway
operated at a loss of s13.777.3S
during July, according to reports
received BY the Public Utilities
The operating rev.
enues OF this line amounted to
with operating expenses
and taxes aggregating $10s.310.51.
The incorporating income totaled
deductions in this case equaled
s7.So23s-
GeOrgetOwn-Tenna r.. r.
This line was operated at a loss
|of sl,722.32. according to the re-
ports The operating revenues
totaIed s3162O, while operating ex-
benses and taxes amounted to s10.-
b0453 Incorporating income
Fsmounted to s1l.Ol. leaving a loss
bf S6T7.3s The deductions from
gross income for the road aggre-
gated s1.O45.
Washington Interurban r.. n.
The washington lnterurban
Railroad was operated at a loss of
k3T453. Public Utilities Commits
Sion's reports show. The operat-
n: revenues amounted to s3,0l7.55,
with expenses and taxes equaling
f2.T45.Ts. leaving an operating in
Iome Of $27176. From this was
deducted S64s29. leaving a deficit
II s374.53.
Local Securities.
Potomac Electric consol. IS fea-
ured on the Washington Stock EI-
hange yesterday when a fair vol
me Of trade was transacted. Sales
otaIing $4,000 of this security
we're made at s6. Washington Gas
per cent bonds were the only
lther of this class of security to
how activity, selling at ~.
Capital Traction stock was med
rately active. both during the reg
lar period and after call, small
pts aggregatirg 60 shares being
raded in at ssh. Forty-five
hares of Lanston Monotype were
isposed of at ".
Call money remained at per
ent bid for 7 per cent funds.
Announcement was made that
he exchange will stand adjourned
ntil Tuesday. September 8.
Personal
Charles ]. Bell. president Of the
merican Security and Trust Com
any. who has been sojourning for
be last six weeks along the "a life
oas' will return 10 Washington
n Tuesday, next.
c. Louis Eckloff. assistant cash
of the National Metropolitan
ank, IS spending & two weeks
acation at Harper's Ferry.
Charles Z. Howe and James r.
ood, treasurer and secretary, re-
bectively of the American Secur-
; and Trust Company he re re-
lrned to the institution after
onth's vacation.
Frank p. Harman. jr-. cashier of
e Merchants Bank, is on a two
eeks' vacation at Blue Ridge
Immif.
Mellon Calls For Funds.
Secretary of the Treasury Mellon
lied on national banks to pay
TO their regional members by
uesday next. per cent of the
nds outstanding. arising from
e August End issue of Treasury
rtificates-
This call will aggregate approx
ately $4,000, 900. leaving S172,-
Q. 900 of the original issue out
hnding.