Evening star., 1924-12-22
ELECTRIC COMPANY
EARNINGS MOUNT
Gain S345, ,262 in II Months.
w. R. & {. Lines In
comes Compared.
BY CHAS. p. sHAEFFEH.

BY CHAS. p. sHAEFF'ER.
Net income of the Potomac EIsc-
trio Power Co. for the first II months
or this year, ending November 20
amounted to s1.3s5.762. an increas.
or S345,262 over the correspondfuir
period OF last year, according to sta
tistics filed with the Public Utilities
Commission this morning.
Nhile gross earnings from opera
tions, amounting to $5,522,134 for the
period, were showing an increase OF
s531,031 over last year, the operating
expenses were running almost par
allel' showing the nominal increase
or but Sl,119 for the 11-month period
miscellaneous income this year gained
$6O,2S7 to S355,029, but deduction
from the gross took on $244.937 ad-
ditional, totaling s1,eS5, ,9s9
November's earnings gained ap-
proximately $4,000 over the same
month last year, totaling S167,s66
The gross revenue from transporta
ton amounted to s554,455, a gain or
$26,21s. but expenses declined s1s,715
TO S261,3O3. The company effected =
huge saving in the cost of fuel, the
report showed.
S1,149,1O Added to Fund.
A total OF s1,149,106 was added "a
the impounded fund for repayment
to consumers during the period.
$120,270 having been set aside in No
vember for this purpose.
Net income of the Washington Rail
way and Electric Co. for the first
months of this year amounted tn
s972,252. an increase of $191,235 over
the corresponding period of 1923. :
gain of S143,523 IN n-operating In
come, which totaled Ss40,745, is
ainl oll
net.
Operating revenues for the period
totaled s4,344, 907. which is a loss OF
s195,554 over last year, but operating
expenses and taxes aggregated So
469,017, decrease Of 1852, 126 from 1922
For November the Washingtou
Railway and Electric had a net in
come of s207,17o, as compared witt
s1s6,042 for November of 1928. Pay
ment of the Potomac Electric Power
dividend, which caused a gain of ap
proximately $4,000 IN non-operatinE
income, accounts for the increased
profits.
Gross revenues for the month az
gregated s386.838, a falling off of
about $4,000, while expenses and
taxes declined $4,000 to $301,461. Dc
ductions amounted to s74,356, gajr
of about $4,000 over the same mon-U
of last year.
Suburban Deficit Noted.
The City and Suburban subsidia:
has operated at a deficit of $21.554 for
the IL months of this year, as CON
pared with a net of s99,1 for III"
same moAths of last year. In Noven
ber, however, this line reported a
profit of s14.939 in contrast with q
loss of s15,77I for the same month
oe 1aS s nf
in expenses and taxes helped Noyen-
ber's favorable showing. During tn
last year this carrier has eXpendcu
huge sums in improvements and add
tions, which. ii is understood, arc nov
almost completed.
The Washington Interurban line has
suffered a loss of s12,557, as agains1
s9,230 "in red" for the first II months
Of 1923. Novembers operations were
conducted at loss Of $719, compared
with a deficit of s1,O79 for 1928. Ths
deficit of the Georgetown and Ten
nallytown line for the IL months this
year amounted to S11,845. less than
so per cent of the reported deficit for
the same period last year. In Noven-
! Der this line netted s702, as compare
with a loss of s3,765 in November a.
| last year.
/ Stock Jumps Eight Points.
| Stock of the District National Ban
advanced s points TO III, q new hien
| record, on the Washington Stock EN-
! change this morning. Only four share
! were disposed of, the asked" price
! moving up to 1856.
| There was but one other active Issue.
| National Mortgage and Investment
preferred selling to the extent of 10
| shares at 9Is.
| Semf-AnnuaI Dividend.
| Directors of the John H wilkins
| Co. have declared the regular 4 per
cent semi-annual dividend on the out
| standing preferred stock, and s1.50 per
| share on the no par common. both pay
| able December 81 to stockholders ~
/ record December 10.
Personal Mention.
Wilmer ]. Waller. vice president of
| the FederaI-American National Bank.
/ has been selected to head the commit
tee in charge of bank day during
| Thrift week, which begins January n.
| Eugene L. Thompson, president OF
! the Washington Stock Exchange, re
turns from a brief New York trip to-
morrow morning.
Little New Financing Needed.
! Announcing total subscriptions or
nearly two billion dollars to the
J latest Treasury offering, Secrets ~
| Mellon last night stated that the op-
/ GRAFTON has successfully relieved the
| Treasury OF the burden of excessively
| heavy financing next March, althoug n
| it is expected some additional financ-
| ing will still be necessary at that
| period"
The total issue of the new per
| cent bonds of 1a44-54 will be some
| thing over $4,000, 900, It was stated.
The exchange subscriptions, books for
! which closed Saturday, included over
| S91 900, 900 third Liberty loan Az per
cent bonds. $435, 900, 900 Treasury 4sG
per cent notes and Treasury per
| cent certificates maturing March Il,
1925. Cash subscriptions were closed
| December 4.
| These exchanges" is was said, will
mean a saving to the Government In
| interest for the three months period
| - M