Evening star., 1923-12-27
|W.R. &E. NOVEMBER
EARNINGS INCREASE
Pepco Report Also Makes
Good ShoWing-B. & 0.
Statement Out.

Both the Washington Railway aud
Electric Company and it's main sub
| sidiary, the Potomac Electric Power
Company, enjoyed banner months in
November, according to statements OF
earnings filed with the Public Utilities
Commission this morning. The former
shows a net income for the month Of
s1S6,042, gain of approximately SO.
| 600 over the corresponding month or
last year, while the latter company
| gained s19,2S0, their net income for
| the period amounting to $11S,368,
Earnings of the carrier were
augmented by the Potomac Electric
Power Company's dividend of s150,00O,
which was disJursed during the
month. Operating revenues amount
| ed to $401,250, a falling off of ap-
proximately $4,000 from November
| of last year, but operating expenses
| and taxes were pared approximately
$4,000, from s342,17G in 1922 to
| $307,21S last month. Deductions to
/ the extent of s66,193 were made dur
i ing the month.
! The Potomac Electric Power Com
! pany's gross earnings amounted to
4
| operating expenses were only S2I,39s
| greater, amounting to s2S0,01S. Mis-
| cellaneous income aggregated $31,021,
and deductions, Sf60S71
Deductions as a contingent reserve
! for repayment to consumers if here
| after ordered by the courts amounted
| to S114.4T9 during the month, making
a total Of s1,037,169 set aside for
| the year to date.
| The City and Suburban line suffered
| a relatively heavy loss during the
month, showing a deficit of $15,77I, as
| against a profit of $17.480 for the
| previous month. The loss was en-
tailed due to a rise in operating cX-
! penSeS and taxes of from S73.1S0 t.
! S101 $50, the result of additional way
/ and structures requirements in pro-
| Vidlng a line extension.
| The Georgetown and TenleytoWu
| line also showed an increased loss for
the month. "a deficit of 1876 for tha
! 1,480 for the corresponding period
of last year. Operating revenues
amounted to S9,025, while expenses
totalled s11,749.
The Washington and nterurban
road cut down their usual deficit
from s1,663 in November of last yea
to SLOTS last month.
B. and o. Earnings Decrease.
a gain OF $526,523 in operating eN-
penseS was entirely responsible for
a decrease Of $452,477 in operating
! income of the Baltimore and Ohio
! Railroad Company during November.
The carrier earned $2.571.596 during
the period, Compared with $3,o24,67%
during the same month of last year
| For the eleven months accumula-
ton the net operating incom"
iamounted to $41,529,435, a gain Of
is22.932,9SJ over the correspondents
eleven months period of last year
Bond Issue Authorized.
The Chicago, Milwaukee and s.
Paul railroad was authorized toda
mission to issue $10.000,00O in ) per
lcent bonds to be pledged as collateral
in refunding outstanding note issues
The Texas and Pacific Railroad
Company, through its receivers, asked
! the commission today to authorize
issues of s24,676,00G in preferred stock
and S4.440,5S3 in per cent notes.
| The stock will be exchanged for an
issue of second mortgage bonds of
! like amount held by the Missouri Pa
fcific, while the notes will be used to
settle inde btedneSs between the rail
road and the United States Railroad
Administration.
Mine Establishes Record.
The Kathleen Mine of the Union
| Colliery Company. a subsidiary of the
| North American Company, has estab-
lished a record production by hoist
ing 5.263 tons of coal in an eight
hour working day, exceeding all pre-
vious maximum productions in this
! field
The mine has capacity of 5000
tons daily. and according to l. \.
| Bayless, its superintendent. should
become the largest producing mine in
the world during 1924. The output is
! used chiefly in the superpower plants
; of the Union Electric Light and
Power Company. another subsidiary
OF the North American Company.
| serving the st. Louis district
Bank Oficia. Returns.
Harrington Mills. vice president 81
the Commercial National Bank, wa
at the institution this morning after
a siX-month sojourn at his country
estate.