Evening star., 1925-06-29
ELECTRIC EARNINGS.
AHEAD Of YEAR AGO
Gain Average of $4,000
r,t
Monthly to June Affiliated
Companies Income Up.
BY CHAS. p. SHAEFFER.

BY CHAS. p. SHAEFFER.
Earnings of the Potomac Electric
Power Co. for the first FIVE months Of
1925 are running ahead or the CORE.
spending period of last year on an
average of more than $4,000 month.
statement of income filed with the
Public Utilities Commission this morn
ing shows.
For the period ended May 81 last
the lighting company had realized a
net Of 81 .09l, ,S42, as against only $3.50.
I46 for the same months Of 1924. The
increase was actuated by a gain of
s318.465 to s2,979.783 in gross earn
ings, and by decrease Of s125.935 In
operating expenses to S1,254.215. The
new system in computing depreciation.
now figured on a monthly deduction
rather than on the volume of business
transacted month by month, also
swelled the net
Mays report shows net income of
s19O,3l2, a gain of s71,883 over the
same month of last year.
All Washington Railway and Elec-
trlc railways are running S36.0l5
ahead of the first five months OF last
year. The net. for the period ended
May 81, is s524,o21. as against s4Ss.-
ooo last year. Operating revenues Tor
all lines have decreased 1853. and
expenses and taxes have conversely
risen 81 ,492 TO s., ,014,620.
All companies passenger total for,
the first five months of the year IS
42,756,024. of which 4o.S42,279 were ,r
the environs of the District, the re-.
mainder in Maryland. The pay pas
senger total for this year TO date %
32,54o,219, 30,704 ,697 in the District
The passenger total for the same
month of last year was 3.198,267,
while pay fares, which do not include
transfer passengers or those having
passes, were numbered at 32,776, ,044,
or only slightly more than this year.
Directors Vote Dividend.
The board of directors of the John
H Wilkins Co. have declared the reg
ular dividend of 4 per cent on the out
standing preferred stock, and S1.5o
per share on the no-par common stock.
payable 20 stock of record June 20.
Schultz Employees Get Raise.
a raise of 10 per cent has been
given to every employe of the A
Schultz Cigar Stores, and similar IN
crease is assured them for each year
hereafter, President Schultz an.
| nounced today. The increase is in ad-
diuon to the regular bonuses for
| special efforts in building up the busi.
| ness of each salesman's store, and In
cludes the assurance that ever greater
| promotion and advantages will be
given for evidences of merit and eff
! ficiency. -
Exchange Trading Heavy. .e
The recent upward trend in local
securities was maintained in rather
! pronounced fashion on the Washing
| ton exchange this morning, a heavy
| turnover being made at or near peak
| prices. --
Capital Traction stock equaled it's
| best selling price at 100Is, level
reached on sales of So shares Gas
opened at 611s eased off TO 81 on sales
| of 12o shares. but subsequently assert
| ed its strength in a rise to 61I< on
an additional sale of 100 shares. Lans-
ton Monotype was firm up to s4L. as
| was Railway preferred at s37s. Mer-
genthaler Linotype brought 1771z. Ma
tlonal Mortgage and Investment pre-
ferred, 9i2, and the s per cent pre-
ferred stock of Chaplin Sacks sold at
| 80 and fractionally higher.
There was good activity in the bond
| list, mainly in utility issues, at un-
changed prices. %
Bankers Back From Outing.
1t was a tired but happy body Of
| bankers who returned to active par
| ticlpation in District affairs this morn
| ing, following a four-day convention
at Hot Springs, Va. The feeling Is
unanimous that much good for the
| profession was accomplished, much
! constructive thought relevant to ad-
ministration of banks brought out
and. best of all, spirit of camaraderie
was welded between those who guide
| the financial destinies Of the city
| The convention was run off with
machinelike precision without a single
| hitch. Hotel accommodations were
| the best. while transportation facili-
ties. offered under the direction Of
genial Special Agent Edmunds of the
Chesapeake and Ohio line, represented
| the maximum of efficiency.
There seems little doubt in the
ton as to the meeting place of the
| 1926 conclave.
Roads Paid Heavy Taxes.
| Class 1 railroads of the country paid
| s340, 0,342, 900 in Federal and State taxes
| during 1924. it was announced today
| by the Bureau of Railway Economics,
which said the total exceeded that Of
every previous year.
The figure was an increase Of
| sS,426. SOS, or 2.5 per cent, over the
taxes paid in 1923, and compared
with 1913 it was an increase of 137
| per cent.
| The average daily tax in 1924 was
! s929,S96, as compared with the 1923
average of s909,357 For each 500
of operating revenue realized by the
| railroads during last year $3.50 was
| paid as taxes, the bureau disclosed
| OF the total taxes paid during 1924
so per cent or s265, ,945.732. went to
| the various State governments, while
| the remaining 1887 $40 went to the
| Federal Government