Evening star., 1923-10-26
UTILITIES ACTIVE
IN LOCAL MARKET
Pepco's Net Income In
creaSes-W. R. & E. Re-
port Out.

A fair volume Of trade, restricted
entirely to local utilities, at an
changed TO slightly firmer prices with
the single exception OF Washington
Gas Light stock, featured the Wash
tngton Stock Exchange this morning.
Gas sold to the extent OF forty-seve1S
shares. receding to 4s, but recovering
Is OF point at the close
Capital Traction 5s sold at "a. WIN
Potomac consolidated 5s changing
hands at s7ts and s7,s. The debenturo
0s OF the company were strong az
ss% and Washington Gas 6s brought
1904 and 100&.
Capital Traction stock was un-
changed at 99&, and the preferred
issue OF Washington Railway and
Electric sold at II.
North Amerfcan's Output.
The North American Company's sub
sidiarieS electric output during the
twelve months ended September so.
| and 67S,ll9 electric customers uere
served on that date. This is an in
| crease over the previous year Of 735.-
$4,000 kilowatt hours. or 81 per cent,
ana llO,45O electric customers, or -
| per cent.
For more than year each month
| has shown successive increases. and
new records for gross earnings. bal
electric output and number Of electric
customers for the twelve-month
period. Accordingly. il Is expected
that with q record electric output the
earnings for the twelve months ended
September 80 will show u further In
| crease.
North American statement shows
earnings OF $3.50 per share for COM
| mon stock, before depreciation. for tho
twelve months ended August 81. 1922,
| compared with $4.6I for the previous
year.
| Bankers' Autos Needed.
In a letter to automobIle-own
local bankers Charles P. Light, chair
man OF the automobile committee,
urges each to exert every effort l..
providing transportation facilities 70"
| the coming convention.
ABOUT zoo cars will be needed. 3Ir.
Light says. On Monday afternoon r.!y
delegates will be taken from the d
! npse to 1th street wharf. at i2:4o, fer
| the. trip TO Mt. Vernon, while cars
| VIII again be needed az the wharf & :
! 6 pm. for the returning guests. o.
the following day d full quota OF Ma
| chimes VIII be needed for trip 10,
Fort Myer and to Arlington, while o.!
the Following day fifty cars will be re-
qulred 10 take visiting woman dele
| gates to the Chevy Chase Club
Suitable parking facilities At the
Ellipse have been provided
A substantial gain in ne, income
for September. 1923. is reported b..
the Potomac Electric Power Company
in its statement OF earnings fied
During the month the company prof.
| tied to the extent of ss4,469.6i, while
| in 1922 but s56, ,681.S6 was earned.
Net income OF the company In August
OF this year, however, amounted tc
The Washington Railway and Eiec
tric Company made s5.642 last r1ontI
In contrast with S9.343 the same pc
rlod OF last year. During August OF
this year, when the Potomac Electric
Power dividend was paid, the carrier
reported net income OF S164sS7.
! Other subsidiaries Of the Washing
! ton Railway and Electric Company.
report deficits for the month. The
Georgetown and Tenleytown s3.6.5
and the Washington and InterirbAn
| s1,064.
| Bonds Offered Locally.
| The National City Company is to-
day offering locally $l2,500.0o0 o.
Pere Marquette first mortgage. per
cent bonds of series "A" at s3s4 to
| also Offering s3,990.o0O of Missouri
Pacific equipment, 5la per cent Of
serial maturities, at 9Sis, TO yield ISL
| per cent.
Speaks on Credits.
Carl v Sta-klofr. credit manager o.
tde DTovers' and Mechanics National
Bank OF Baltimore, Will open the
credit course. the new study in the
curriculum OF the local chapter, Amer
lean Institute of Banking, at o'clock
tonight in the chapter rooms.
Nh. Starkiofr will lecture or Fields
OF Credit"