Evening star., 1924-11-29
EARNINGS
ABOVE 1928 TOTAL
W. R. & E. Also Reports Gain
in 10 Notwithstanding on
Local Board.
BY CHAs. p. SHAEFFER.

Net income Of the Potomac Eiec-
trio Power Company for the first 10
! months OF 1924, ending October al.
amounted TO S1,217.S96, an increase o.
S29o,764 over the corresponding period
of last year, according to statement
or condition filed with the Public
Utilities Commission this morning
An increase of more than half a
million dollars In gross revenues.
partly offset by a rise of approx
| mately $4,000 in operating expenses
| Is wholly responsible for the better
ment, a perusal Of the report shows.
Gross earnings for the period, in 1924,
| amounted to $5.067,67S. as against
$4562.S60 last year. while expenses
| this year have totaIed $2644 o9S, as
| compared with S2,624,265 in 1928.
In October the company earned
s12s,5l7 net, as against only S99,72"
| for the same month OF last year, a.
| increase OF S29,795. Gross earning
/ totaled S5l3,SsS, an increase of S46,
| 3S2, with expenses amounting t.
$265,135.
During the month the sum Of slo6-
| 079 was set aside as contingenf
reserve for repayment to consumers
| If. hereafter ordered by the courts.
making a total of S1,O2s.S37 reserved
! for this purpose for the year to dat
I
Net operating income of the WASH
! inston Railway and Electric Co. IN.
| the first 10 months Of 1924 amount
to S765,oS2, as compared with s594
| 974 for the like period of 1923. In ad
dition to improved earnings, the car
rier's gross for the period was aug
! mented TO the extent Of $4,000.
caused by an increased dividend paid
by the Potomac Electric Power Co.
/ its main subsidiary.
Gross revenues for the period
/ amounted to 33.958,069, falling of
from the S4.139,251 reported for the
| same period of last year, but expense.
| totaling S3,l67,556, restored the rela-
| tive standing, being decrease of a
| most 100000, as compared with the
| s3.423.926 expenditures to October
! Of last year.
In October the company showed 2
net income of $21,595. as against on'y
! S6.518 in October, 1928. Revenues feG
off only about $1,000 70 s407,101. while
expenses decreased 10 the extent q
s22, 900 to 1926, 7s3.
Income on Suburban Line.
The City and Suburban Railroad ha.
a deficit OF s36.492 to show for its
operations for the first 10 months this
| year. compared with profit of Sll4.-
| a63 for the same period of last year.
! Extensive improvement to this lines
: facilities this year is responsible for
! the adverse showing.
! In. October, this year. the company
/ sfikWed net Of S6991, as against
SS,97S IN 1929. Revenues amounted t.
se4,252 and expenses aggregated
| $79s91.
| The Georgetown and TenleytovH
| lire has incurred loss Of Sl2,547 for
| its. years operations, compared with
a deficit OF s21,036 for the first 10
months of last year. This subsidiary
earned si,2S5 in October. in contrast
| with a loss OF $2,444 for the same
| month last year.
Tradins on Local. Exchange.
! a fractional advance TO 93ts on the
| part of Capital Traction stock was
Stock Exchange this morning. Two
! sales. aggregating 10 shares, were
made at this figure.
! LanSton Monotype wasSof slightly
! to 7S, and subsequently, TO 77i2. on
sales of 25 shares, while Mergenthaler
/ remained firm at 1914. The new s
| per cent preferred issue of Chaplin
Sacks enjoyed its initial sale on the
unlisted section, 10 shares changing
lhands at 90.
Bonds were unchange
Matters Before I. c. c.
| The Chicago Union Station Com
pany today asked Endorsement from
the Interstate Commerce Commission
for it's sale OF $4,000 of : per cent
gold bonds, while railroads which
are joint users and owners of the
terminal sought permission 10 at
tach their joint guarantee of the in
| terest and principal involved.
The bonds have already been sold,
subject to the commissions approva!,
| and the funds arc being applied 10
| the construction of the terminal
William L. Ham. president of the
| Washington Railway and Elcctrie
| Company, who has been confined
with a severe cold for about weei,
i L. l. 4