The Washington herald., 1922-01-04
PUBLIC UTILITIES
SHOW PROSPERITY
INNOVEMBER, 1921
w. r. &. E. and PepcO Re-
ports Incomes of $243,-
SOILS and $107,614.23.
BANK CALL ISSUED
Crissinger Asks National and
Local Banks to Report as
OF December 81.

The Washington Railway and
Electric Company was operated at
a net income of s2I3,5O9.15 for the
month Of November 1921. compared
with sI0.4S0.35 for the previous
month. and with S16,570.63 for the
corresponding period a year ago
according to reports reaching the
Public Utilities Commission yester-
day. The huge gain over. the pre-
vious periods is wholly accounted
for by the incorporating income
dividends and interest). which, in
November. 1921, amounted to $751;
22O.2s in contrast with S4.620.ss In
the previous month.
The operating revenue of the
company for the period in question
amounted to s43911921, with OPP
Grating expenses and taxes totaling
of S123,0OI.45. The incorporating
income amounted to s1S7.3SS.OS
with deductions amounting to $780,
SSO.3S.
sPepeo" Earnings.
The Potomac Electric Power
Company likewise report favorable
lOT Tue a net III
come of S1O7.614.23. as compared
with s62.779.3S for the previous
period and with s71.S91.4S for the
corresponding period a year ago.
The gross earnings from opera
ton of the electric company
amounted to s443,99052. with oper-
ating expenses .totaling $751;
1851. The miscellaneous income
amounted to s1O.lIS.0S, leaving a
gross income less operating eX-
penses OF s216.s93.59. Deduction
from income amounted to .s1O9.-
1886. with s66.1SO.7S set aside as a
CONTINGENT reserve for repayment
TO consumers il hereafter ordered
by the courts.
City and Suburban Hallway.
The net income of the City and
Suburban Railway Company for the
month of November. 1921. amounted
to s2.T36-22, compared with a de-
ficit of sS1S.92 for the previous
month. and with an income of ST.
o1+.S7 for November. 1920. Operat-
ing revenues amounted to sIo1.-
6S6SJ. with operating expenses and
taxes aGSreEating s9I.1S2.15. The
gross income. less operating ex-
, penses and taxes equalled s1O.5Ss.2s
with deductions amounting to
s7.S53O6
Georgetown and TennalIytowB. -
The Georgetown and TennaIIy-
town Railroad reports deficit OF
s2.2S4.2l for November. 1921, as
against a deficit of sI.29S.25 for
October. and like entry of So
O35-35 for November. 1920. Operat-
ing revenues for the period in ques-
ton amounted to $9.255.S5 with OPP
Grating expenses and taxes totaling
s1O.5O5.sO. Deduction from gross
income totaled S1.O45.O0 for interest
on unfunded debt.
Washington InterurDan.
Washington Interurban's deficit
for November amounted to Ss66.O5,
which is in excess of both the pre-
viOus month and the corresponding
month a year ago. Operating reve-
nues amounted to S2.639.41, and op-
Grating expenses and taxes totaled
s2.S59.17- Deductions from gross
income equalIed s646.29 for interest
on funded and unfunded debt.
Crissinger issues Call.
The fifth and last call for state
ment Of condition of all national
banks and for every bank in the
District of Columbia was issued
by Comptroller of the Currency d..
II. Crissinger yesterday morning,
dating as of the close of business
December 81. This marks the re-
turn to the custom of dating the
call on the last day of the year,
which was disrupted during the
last year of former Comptroller
Williams tenure of office, when
that official asked for report as
of December %, which, together
with other inconvenience. made
necessary an additional auditing to
provide comparative statistics for
the entire year.
In addition. local bankers are re-
joicinE in the belief that through
out Mr.. Crissinser's. reign there will
be hut five calls a year in contrast
with six subjected to under Mr..
Williams.
Local Securities.
odd lots of stocks. together with
scattering sales of a few bonds.
marked the new year activities on
the local Stock Exchange yestcr-
day. Ten shares of Lanston Mono
type sold at II u. two lots of ten
shares each of Mergenthaler Limo
type brought 129h and l2SK, re-
spectively. while after call two
twenty-fve-share lots of Capital
Traction changed hands at 80.
In the bond market one $500 Poto-
mac Electric per cent rerundInc
bond sold at 1O42t. one $500 George
town Gas Light ComDany IS brought
! and one $1,000 Potomac Electric
Consolidated IS brought Sqs..
Personal.
George q. watson. president or
the Liberty National Bank. IS COM
binIng business with pleasure on a
weeks trip to New York city.
W. W. Spaid. member Of Hibbs
and Company. blessed his aiIing
fingers yesterday morning. probably
for the first time since the ailment
. set in.
FrnDklin's Deposits.
The prosperous era enjoyed by
the Franklin National Bank in the
interim between the last two bank
calls is evidenced by a comparison
of deposits. On December 81 the
figures amounted to So 249.955 81 as
against S3.269.32O.39 the previous
date, which denotes a substantial
gain when considering disburse-
ments in excess of $500. 900 account
of Christmas savings.
Decision Is Justified,
Industrial Commission 80 rot