Evening star., 1923-11-26
OCTOBER
EARNINGS, S99,722
Gain of S43,745 Over Same
Period Last Year-CaII
for Funds by Treasury.

October, 1923. proved bannei
month for the Potomac Electro
Power Company when a net income
from operations of 99.722, was realized
This figure represents gain of S43,74.
over the S55,977 income reported 70,
the corresponding month of last year
Gross earnings from operation
during the month amounted to $40S.-
524, a gain of s5S,992 over October Of
last year, while expenses amounted tp
s269.6l6, or a gain of S11,722. Miscel-
laneous income aggregated S29,456
and deductions totaled S127,634.
The power company will earn more
than Il million dollars during the
calendar Year. 1923, a compilation OF
We " reports for the year to date shows
Iof the ten-month period ended
1000 cIon"r ,nr 81. last, a net income of
F'--,lol' was reported, which is $50 o.:
IN IN cAceSs of accumulated earnings for
C,ie corresponding period of last year
IiosS earnings for the year thus far
are almost half "A million IN excess
Of those last year. S4.56os65. and
94,io-36S. respectively while operat-
ihI cAptnSes for the year to dat.
t3tal S2,S2f,264 or 1896. 909 more than foi
'he ten months of last year.
During October last S92762 was
SCI aside as 4 contingent reserve for
itHhSih ihtht to customers if hereafter
ordered by the courts. making total
0l s9l96bS reserved for this purpose
during the year
Joins Hartman
robert Stead. jr.. manager of tn.
dshInston office Of Harris. Forbes
q Co, has resigned this position ana
associated himself with Hartman d
90, New York stock brokers. with Of
HGes IN the Colorado building c. Bowie
Cnpfnan' partner of the latter concern.
announced this morning.
Mr.. Stead is a salesman of unusual
ablIlty and possesses a wide circle
"f business acquaintances in this
city. He Will be an assistant man
aSer in his new connection.
Treasury Calls for Funds
Secretary Mellon has called on ali
natinoal banks to pay through their
regional members, not later than to-
morrow, 10 per cent of the proceeds
of the September 10 sale of AZ per
cent certificates remaining with them
on deposit.
The call will aggregate s7,s7o,1oO,
leaving $66.331,1O0 still uncalled in
the banks of the country.
Woman TO Sell bonds.
The Guaranty Company of New
York this morning announced that
Miss Ethel NJ. Champion and Albert
Walker have Joined the sales staff
Of the Washington office. Both Miss
Champion and Mr. Walker have Just
returned from the main office OF the
company in New York, where they
have undergone practical instruction
in bond selling
1t is somewhat of novelty here
for bond house of international
repute 10 employ saleswomen How
ever, ii. Garnett Pitts. manager ot
the local office, says the parent insti-
tuition in New York has employed
this practice for years. and il has
proved very successful.
The local sales staff is increased
TO seven by the new acquisitions.
Trading on Local Exchange.
Trading on the Washington Stock
Exchange was dull and uninterestins
in the initial session of the week this
morning. Capital Traction stock was
in good demand at unchanged price.
sixty-one shares selling al sS3s. Gas,
the only other stock traded in. was
weak at As.
Washington Gas 6s of 1923 were
hrmer at fraction over par, and
halfway As held at 6S5s.
North Americans EARNINGS.
Preliminary figures of the North
American Company for the twelve
months ended October 81 show fur
ther increase both in electric output
and customers OF its subsidiaries
The output for the twelve-month
period was 2.16O.7l9.166 kilowatt
hours. with 5S3.916 electric customers
on October 81. an increase of 80 per
cent in output and % per cent in
customers over year ago.
Since April, 1922, electric output
has more than doubled due to the
general increase in business of all
subsidiaries and the acquisition of
new properties, which include the
Cleveland Electric Illuminating Com
pany.
At the present time facilities are
being increased to meet the require
ments in Cleveland, -. Louis ana
Milwaukee, and by next spring power
plants will have % per cent added
capacity.