Evening star., 1924-09-25
PUBLIC UTILITIES
SHOW GOOD GAINS
Pepco and w. R. g. E. Re-,
1IH
port Larger Earnings in
August.
BY CHAS. y. SHAFEI,Eu

Net income OF the Potomac Electro
Fower Company totaIcd sss1ss =,
August, 1924. an increase Of 49,
over the corresponding month a YEA J."
$50. HroSs earnings from operation
amounted to s451.104 with cxnens.
LOT the month aggresating s25O.cl.'
oeoucuons from the gross amounted
10 *lt8.3S9. an increase of more ths +
@Io.ooO over August. 1929
ne month in discussion gives rYo
tiue ihdica ton of the compsny's prog
iess. ms can be gained, however. in
d perusal OF the company's business
| LOT the eiSht-month period endine
with August. 1924. when net income
/ ported 10 the Public utilities Com
.nissloh was 324l,3o9 in advance OF
the corresponding eight months Of
last year. The figures are ;97s.Gtg
and s737,s4o, respectively.
". n & L. Also Makes Cain.
Ihe Washington Railway and
| Electric Company earned sf73ess in
august, 1874. gain of approximately
SlI,Ogo over the corresponding month,
OF last year. This gain was MADE
possible through the increase from
~ 10 IL per cent in the dividend os
the Potomac Electric Power Cor
pany. consummated several months
ago. which increased the non-operat-
/
sl93.472 for the month.
operating revenues amounted TO
S3f',4 during August, with expenses
and taxes aSgregating s5o0502
for the eight months period ending
with August, the railway companv
reports a net income of s132,6s6, a
against only s58esl3 for the CORE
spending period of 1929
The City and Suburban subsidiary
| reports net income of Sie20 for
August 1924. as against s2.7J3 fol-
the same month last year For the
eight months period of this year
this line has operated at a loss Of
Sfo,S43 as against profit OF s11S,221
for the eight months OF last year
Extensive trackage Improvements
carried on this year have brought
about the reversal in the company's
figures.
The Georgetown and Tennallytowu
line lost s2,8S5 in August operation,
and has suffered a deficit of SEQ"
for the year TO date.
B. & o. Income Decreases.
A reduction of s3,s66,735 in opera
ing expenses featured the August r.
port of the Baltimore and Ohio Rail
road Co. showing a net income oS
s4.211.431, a decrease of s4l7S6 uu-
der the same month of last year.
s1S,47S,537.
For the eight months period ret
railway operating income dropped
s1,+96,114 to s23,459,568. compared
with the same period OF 1923. Operat-
ing revenues of s146.7o5,427 declined
s27,osS.524. but operating expenses
were cut s1S,675,5l0.
Directors of the line have declared
the usual quarterly dividend OF IL
per cent.
Trading on the Washington Stocl;
Exchange today was featured by
sales of % shares of Capital Traction
stock. with an attendant rise in price
to s2$, the highest level attained in
several months. The issue was firm
at the close, the days high being
maintained.
Railway preferred was active 10
the extent of 10 shares. holding II
rs. Gas was firm at 50i5, with Ma
tional Mortgage and Investment pre-
ferred easier at 9. Riggs Bank sold
at SOB, and Second National brought
162. Fifty shares of Washington
department at 9.
Bond trading was confined TO
utilities at unchanged quotations.
New 1874 Freight Record
Railroad freight traffic hung up
new record for 1924 in the week end
ed September 13, with total loadings
of l.06l,424 cars, within $50 per cent
or $3.50 cars of the highest week on
record, which was September 81 1923
the American Railway Association re-
ports today. This was gain Of
14o,445 cars over the preceding week,
when Labor day reduced loa dings, an
increase OF SCI over the same week
last year and 124.203 over the cor
responding week in 1922. LoadinGs
since the first of the year aggregated
33.5o9.014 cars. against 35,l44,796 in
the same neriod Of 1oo3