The Washington herald., 1922-03-15
POTOMAC ELECTRIC
EARNS sl3l,D7.8
MONTH OF JANUARY
Lighting Company Re
ports Greatest Profit
In History.
OTHER STATEMENTS
w. R. & E. Company Reports
Shrinkage for Period; Petit
Made Director.
OTHER STATEMENTS

The Potomac Electric Power Com
pany enjoyed a net income of $751;
91s.s2 during the month of January,
1922, according TO reports fled with
the Public Utilities Commission yes
terday. This amount surpasses the
s113.44S42 reported for the corre-
spending period last year, and $685.
sSs.il for December. 1921. being the
largest income reported thus far.
G-oss earnings from operations
for the period In question amounted
to s4s4,173.l0, while operating ex-
penses totaled s257,5s7.45. Miscel-
laneous income amounted to sl7.-
4ss-0s, making a gross income, less
operating expenses, OF se54,oss.7I.
Deductions from this sum amounted
to sl22.lOs.S2.
Gross earnings for January. 1922,
are stated after deductions of
sIs,3is.S7 was set aside as con-
ttnsent reserve for repayment to
consumers IL hereafter required by
the courts.
W. r.. & L. Earnings.
The net income of the Washing
ton Railway and Electric Company
for the month of January, 1922
shows a considerable shrinkaKe
from previous months. The Rggre-
gate OF s1S.S33.43 reported yester-
day for the period compares with
total of s39.S93.72 for the corre-
spending period a year ago, and
with $4s.O1s.52 for the previous
mont hof December. 1921.
Operating revenues for the Pc
rtod amounted to $500. .e2S4s, while
operating expenses and taxes
amounted to s32o6s2.s6. leaving an
operating income of s7s.62S.52. The
nonope-ating income amounted to
sS.ss5-S2. making a gross income
less operating expenses and taxes,
OF ss5,52l'34. Deductions from this
amount aggregated s66,6s7.s1.
City and Suburban Railway.
The net income of the CITY and
Suburban Railway Company for the
month Of January amounted to
sIO.57s45.
Operating revenues for the month
amounted to Ss2,2s417, with oper-
atidg expenses and taxes .totaling
s13,S7S.5l, leaving an operating in
come of s1s.4l5.ss. Incorporating
income amounted to s63.lO, making
a gross income. less operating ex-
penses and taxes, of sIs,4Ts.7s.
Deductions were made from this
amount to the sum of s1.s0231.
Georgetown and TennaIIytown Ry,
The Georgetown and TennalIy-
town Railway Company was oper-
ated at a deficit of s2.15s5o for
the month of January. 1922. reports
to the Public Utilities Commission
show. The operating revenues for
the line amounted to ss.07s.5l. with
operating expenses and taxes total
ing S9,1ss.4l.
"aahin1fA.
This line was operated at a loss
of s5s0.55 during January. 1922
Operating revenues amounted to
s2,32s.52, with operating expenses
and taxes amounting to se.243.Ts.
Local securities.
Lanston Monotype stock scored
an abrupt rise Of AZ points from
the high figure of the year in yes
terday's restricted trade on the
Washington Stock Exchange. This
issue figured in one sale OF ten
share sat 7s&. MergenthaIer like
wise was extremely firm, twenty
seven shares selling at $50, which
ngure Is slightly above previous
quotations. Capital Traction stock
was traded in to the extent of ten
shares at s5%, this being a cash
transaction.
In the bond list. small sales of
Washington Gas SIS at 81: Capital
Traction IS at s5Iz and Washing
to meas 715s at 1854 were made.
Call money was offered at per
cent with 5 per cent bid.
Petit Added to Board.
Fernand Petit. cashier of the
Citizens Savings Bank. was yes
terday added to the directorate at
the regular meeting Of the board.
Mr.. Petit has been actively asso-
ciated with the institution since its
inception and is its first cashier,
being installed in this position upon
his return from service with the
A. E F. He, alone, is largely re-
sponsible for the wonderful success
enjoyed by the institution.