Evening star., 1925-02-26
POTOMAC ELECTRIC
NET GAINS S114,O85
Delayed Meter Reading and
New Accounting System
Aid January Totals.
BY CHAs. p. SHAEFFER.

The Potomac Electric Power Co
had net income of $259,88172 in
January last, the first month of oper-
ations under the reduced rate, which
represented a gain Of $114.085.69, as
compared with the corresponding
month of last year.
The months report was rendered
unusually favorable due TO two fac
tors, namely, January's snowstorm
and new system of accounting in
charging off depreciation. The for
mer delayed meter reading, which re-
suited in an extra day and a half in
cluded in the months usage, in round
numbers estimated to be about $50
600; while depreciation is now pro-
| rated on an annual estimate instead
or month-to to-month charge off on
the volume of business done. This
sWeiled the January report to the
extent of about $4,000, according to
officials of the company
Januarys consumption was calcu-
| lated on a $50 cents, while the old
rate as shown on monthly reports
was 7.67, the difference between this
| figure and the 10-cent actual charge
| belng impounded for repayment to
! consumers if ordered by the courts.
Gross earnings from operations dur
! ing the month amounted to S669,173. a
| gain of approximately $96.5O9 over
the corresponding month of last year
while expenses. totaling S273.791, We're
| $ZhSl5 less than in 1924. Deductions
| amounted to $151.535.
The snowstorm of last month work
| ed diversely with the Washington
Railway and Electric Co and its sub
salaries, the parent line having a net
income of only $10,774, as against
| S6O'oS5 in January of last year
operating revenues were practically
| unchanged at S4O5S39 but expensas
/ climbed $4,000 to $33e,195 Non
! operating income amounted to S17.55E.
| The City and Suburban line had a
net income of $7,770 as against S14.-
| O6O in January of last year, while the
| Georgetown and Tenleytown line suf-
fered a deficit of $38762 for its
months operations
b. & o. Earnings Gain.
| Despite decrease of $371.765 in
| railway operating revenues. the Bal
timore and Ohio Railroad Co. eniove5
net railway operating income OF
S2'O08,077. a gain of $533,6I6 over
January of last year.
Ihe increase was made possible
through a savings of almost 81. .O0O. 600
IN expenses, chiefly in maintenance of
| way and structures, maintenance of
equipment and transportation.
Operating revenues of the carrier
amounted to S1S,O77,973, with ex-
penses Of $14933.O34 Deductions
totaled $1,136.S62
Mrs. Reed Dinner Speaker.
Mrs. Helena D. Reed, chairman Of
| the national women's committee OF
the American Institute of Banking
and in charge of new business of tho
Lincoln National Bank. will be guest
OF honor and principal speaker at a
dinner of the Womens Auxiliary OF
the Baltimore Chapter on SATURDAY.
night. Mrs. Reeds subject will be
the value of the Institute to the
Women in Banks"
Bank Stock for EMPLOYEES.
The plan announced by President G
r. Mitchell giving every emplove of
the National City Bank. and its
affiliated companies the privilege or
| becoming a shareholder in the hank
on favorable terms resulted in a total
of 9,564 shares being subscribed. OF
this number 6.551 shares were sub
scrlbed for under the two-year plan
and 2,513 under the four-year plan.
Local Stocks at New Peaks.
Common stock of the Washineton
Railway and Electric Co. and Ians-
ton Monotype both established new
highs on the Washington Stock Ex-
change this morning. The former
sold upward to 1O2, while the latter
opened at so, selling at this figure
throughout the session. Both are
|; prime local favorites
Merchants Bank and Trust Co. suf-
fered relapse, selling off TO 1876 and
later to 134A on sales of 20 shares
Capital Traction was strong at 92I5
as was Railway preferred at 81. Ma
tlonal Mortgage and Investment, pre-
ferred brought ga, and Chaplin Sacks
per cent preferred 90.