Evening star., 1924-06-27
PEPCO EARNINGS
SHOW ADVANCE
w. r. & {. May Statement
Also Reveals. Gains-Trad-
ing in Local Stocks.
BY CHAS. y. SHAEFErEH.

The Potomac Electric Power Com
pany. reporting net income Of
$11S,42S for May, shows the very ia
Vorable increase of S2G,493 over earn
irss for the corresponding month or
last year.
Gross earnings from operations
amounted to s496,314. with operating
expenses aggregating $256,2e3. Mis-
cellaneous income derived totaIcd
s3O'465, with deductions having beer,
made to the extent Of S152,l27
Ihe sum Of S9S.701 was set aside
during the month as a contirE gent rr-
serve for repayment to consumers II
hereafter ordered by the courts H..
The lighting charge suit which has
been pending for wears. The total
placed IN this fund this year amounts
to S"s6-94l, while the entire amount
approXinates S5.OO0,00O
For the first five moutha ar thr.
presert year this utility has "a urt
income of $66.746. or S1J6362 in exec
or the earnings for the corrcspondi,I..
period of 1929
w. IL. & Il. Earnings Also Gain.
Net income of the Washington Rail
way and Electric Company for Ma
amounted TO $235,7f1. as compared
with S166,S91 for the rorrespondin.
month of last year Operating rev
enues showed a slight falling Of -
sfl2.8s5. while operating expense
showed similar tendency. dccrcaS-
ing to 1892 900.
For the five-month period the nct
income of the ca rrier totaled $50
245. as against s3S9,75O for the mn.
period Of last year.
Deficit of S5.455 Reported.
The City and Suburban carrier s,ic.
iereo deficit Of S5,4J for Nav rp-
erations, compared with net incom,
OF sl9.404 for the same month Of la~t
year Operating revenues for th.-
month amounted to S94,7SI, approx.
rr>ately $4,000 less than for the sarnr
month Of last year. with operating
expenses amounting to S92,9S@. or
$4,000 more than May, 1929
For the five month period cndinc
with the close of May the subsidiary
shows net of Sc SOC
Regular Dividend Voted.
Directors Of the Columbia National
Bank yesterday declared their regl.-
lar quarterly dividend Of 3 per cont
PAYABLE pay july l to to stockholders II rec
ORD June 80 This will result in q.
disbursement of $500.
The directorate expressed gratiira-
tlon at the progress being made.
which has increased deposits ="
S3.l 600. The surplus fund amounts
TO S25o.000, with undivided profits "f
sl14.606, which will be swelled +"
Sl2l.0Go on June 81 by the addition
Of the quarters earnings.
This institution has maintained an
annual rate Of IL per cent for ma0v
years.
Railway Common Eases OF.
Common stock of the Washington
Railway and Electric Company cased
off to IS in today's trade after opeT-
ing ! point higher. Fifty shares VIZ
sold. The preferred. on tn- Other
hand. was firm at ".
Trading was well diversified at un-
changed prices. y noticeable dis
play of returning strength was m
Washington Gas Light stock. which
sold al 40.
Unlisted Securities Prices.
The following latest bid ami
asked" prices for unlisted securitiee
is offered for the guidance of holders
of these issues:
Seeks SI0,OOO.OOO Bond Issue.
The Chicago. Rock Island and Pa
clflc railroad today asked the Inter
state Commerce Commission for au-
thority to issue $4,000. 600 Of five
year . per cent secured gold notes
to be secured by $1,000. 900 OF first
and refunding gold bonds. The issue
will be used 10 retire Il note for IS
100000 to the director general Of
railroads. which becomes due March
l, 1880, and for making additions and
bettermentS.