Evening star., 1924-01-22
PEPCO NET INCOME
GAINS IN MONTH
$4,000 Increase Over
Same Period Year Ago.
W. R. & E. Also Higher.

W. H. q :. Also Higher.
! Inc fotomac Electric Power Conn
pany operated at a net income or
S35'S97 during December. 1929. an IN.
crease OF approximately $4,000 over
the corresponding month of 1922. the
Public Utilities Commission annoupc-
ed this morning.
Gross earnings of the lighting COM
pany amounted to s553,7o3 in this
month of 1928, with operating ex.
penses aggregating $2S9,269. MisceI-
laneous income totaled s32,2s3, and
deductions were made to the extent
tof s2ol.329. including sl21.2I270 set
aside as contingent reserve for re-
payment to consumers if hereafter
;ordercd by the courts.
! Increased revenues, coupled with
cutting down of approximately $40
600 in expenses, ie wholly responsible
I Tor the gain, a perusal of the report
| shows.
w. X. & r. Also shows Gain.
| Washington Railway and Electric
company. proper, likewise shows
gam for December, 1s23-about s39.-
|
come of S39,061, as against only
| $14s.73 for the same month of 1929
In November. 1923. however, the car
rleTs net income amounted TO SiS6
Va. principally due to receipt of the
Potimac Power Company's quarteri:
, dividend.
Operating revenues of the Wash
ington Railway and Electric Com
pany amounted 70 s4l6,714. with ope-
/ ating expenses and taxes totaline
I x f-,-- -.
! gregated $10,526, and deductions wert,
mad to the extent of S63,654
; The Washington Interurbau linz
and the Georgetown and Tennslly-
! town road Jared badly in the clos
| Ing month of the year. the forme-
months ep ratings. and the latter a
I loss of 81, 0z6 On the other hand, ths
! City and suburban road profited :.
! the extent of S6,3lS. All are sUbsid-
, iaries OF the Washington Railway aHG
| Electric. Company proper.
/ The bus line opera ed by the Wash
.ington Interurban line earned s3T9.S.
| during the month, but the City anG
| Suburban and the Washington Rail
way and Electric busses suffered
I respective losses Of s325.20 an
| S2S5.06.
! Company Operates at Loss.
| The Wasf ington Rapid Transit
Company onerated at a loss OF $4 :
| 526. 30 during 1873 the annual statemert
! Of earnings filed with the Publ i,
Utilities Commission this mornine
shows During 1s@ the COMPANY
! The report shows s222,67o Of com
| mon capital stock outstanding Of
SO par value. No STICK other than
| common has been issued.
Trading on Local Exchange.
! Local exchange ISSUES ruled reIa-
! lively quiet this morning, with trad :
| ing confined largely TO utility issues.
| Capital Traction vas slightly easier
{ at 96as. 100 shares charging hands.
| W hile Lanston held at its old level.
, 72la.
! Gas - sold to the extent of $500 a.
! 93i2, with the SIS of the company
selling at par and quarter. Pc
! tomac Electric 6s Of 1853 sold to /.
| volume of $1,000 At l0lst.
Lincoln National Bank stock, which
has been the .ocal boarG's recent sen
! sation, was quoted at 325 bid and
400 asked"
VIII Address Banking Students.
Prof. F: J. Donohue will deliver
the first lecture Of the "Standarg
, Banking Course to the second year,
standard class of the local chapter,
american Institute of Banking, on
Thursday night The subject viii be
"Money-Its Functions"
Tonight Eliot r. Thomson, put
4, licity manager of the Washington.
Loan and Trust Company, will ad-
dress the elementary class on "ETs-
ments of Contracts" this being the
| second of his series Of five lectures.
! Tomorrow night he Will discuss bills
/ of Lading" with the law class
The credits class will meet on Fri
! day night, as usual, with Carl V.
Starkloff discoursing on Statement
Analysis"
! bank Scores 100 Per Cent
| The National Metropolitan Bank il
| 100 per cent in subscribers to the
Harding memorial .und. for which
the banks in the District are acting
as receiving agent. 1t was said that
every emp1oye, from the president 10
| the lowest clerk, had rendered remit
| tances for the memorial
Bankers Discuss Years Plan.
! Chairmen of the various commit
tees of the District Bankers Associa-
ton appointed by President Harry V.
| Haynes submitted their plans for
| closer Cooperation and for the all
! around betterment of local banking
| conditions at the years first meeting
of the association. held last night.
The topics discussed included meas
! ures to combat the circulation of bat
| checks. standardized banking insur-
ance. banking legislation. commercial
! acIlNltleS related TO banking and In
| strucHon in public schools on the
| subject of thrift
| Mr.. Haynes. Charles J. Bell, Robert
V: Fleming, H. H Mckee, E. Z.
Thompson, Francis G.. Addison, ir
| and Victor B. Deyber, all submitted
/ reports.
| Concern Elects Officers.
| Ernest e. Herrefi was reelected
president of the International Finance
| Corporation late yesterday at the an
nual election of officers.
AT the same time A. G. Lampe,
secretary of the corporation, was
elected vice president and secretary
to fill the vacancy caused by the
resignation of Ben l.. Prince. p. Ray
mond Boesch and Fl. W. Foster. Were
elected to the respective offices -of
treasurer and assistant treasurer
| 100000 Dividend Allowed. =.
| The Kahului Railroad Company OF
Hawaii received permission today
ifrom the Interstate Commerce Com
mission to issue as a stock dividend
100000 in new capital stock The
issue will evidence the investment
of additional money in the. railroad
iplant and the increase of capital as
sets during the period since 1907. II.
|