Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-04-25
ELECTRIC COMPANY
NET UP S292, Jas
First Quarters Total SWeIIed
by New Accounting Sys- ,
tem--Othe7 Reports.
BY CHAs. P. SHAEFFER.

Net income of the Potomac Electric
rover Co. for the first quarter of 1925
amounted TO $706,S49, gain OF
sZSZ 'l4o over the corresponding period
OF last year. according to statement
OF earnings filed with the Public Util-
ilies commission this morning.
Inc huge increase is not due WHOLLY
to increased business. officials Of the
company state, as no inconsiderable
amount appears as a result of "A new
method In charging off depreciation.
Whlch is now being deducted on the
oasls or specific sum each month.
whereas last year il was charged OF
on the volume of business transacted
month by month.
Net income of the COMPANY for
March, this year. totaled SOP $50. A
gam OF S61,9I1 over the correspond
ing month of last year. Gross earn,
iilgs from operations rose s57.S16 Ia
Soo1,2c', while expenses deprecated
S2e,2!l to S258.712.
"A shsht slump in March income
was reported by the Washington Rail,
way and Electric Co. namely from
$2s,l1S in 1924 to s26,S33 this year.
OF tne hrst quarter of the present
year, however, the company is about
$4oOoo ahead of the correspondina
three months of last year. S263.329
and s223,621 being the respective
figures.
Operating revenues of the carrier
curing March amounted TO $407 .527 as
against $406,094 last wear while ex-
penses and taxes totaied S32S All an
increase of $4,000 over March. 1924.
Inc city and Suburban subsidiary
reported net of S8241 for March
as against only $2,S03 for the same
month last year. For the first quarter
| this line has profited to the extent
OF s24,2S4 or about $4,000 in arrears
Of last year.
The Georgetown and Tenna lIytown
as well as the Washington Interurban
, road is still reporting deficit. In
March the first named showed a de-
nclt OF 1871 for its months operations,
While the latter reported S1.S72 lin
req Both report small deficits for
the quarter.
Bradstreet's Review.
Bradstreet's weekly review of BUSH
ness finds trade spotty. advices of
slight improvement alternating with
| others showing a further quieting
and, taken as whole. is still only
fair Retail buying in some sections
SHOWS the continuance of the after
Easter lull, while in others, notably
Texas and adjoining areas in the
Southwest, 1t shares with iobbing
trade IN the depression caused by one
of the worst droughts in history.
Scarcity of drinking water and of
water for cattle is noted there, with
reports that cattle from dry areas
have been shipped to large markets
in an emaciated condition. Late re-
ports are that the drought in north
west Texas has been relieved.
On the other hand. retail buying
| in parts of the Southeast is better
| than for some time, rejecting an
early start for crops and good pros
| poets for this early stage of the sea =
son. Industry tends TO quiet some
what with small but frequent buying
still noted as the leading feature.
Trading on Local Board.
A firm price trend ruled the local
| market today.
Railway preferred stock scored a
half-point gain on sales of 100 shares.
! selling at 81, while stock of the Mer-
chants Bank and Trust Co. rose 2
points to 137, on sales of 20 shares.
| Railway common brought 10s, but Gas
stock eased off fractionally to 55ss, on
| sales of six shares. Lanston was un-
| changed at soy, as was Capital Trac-
| ton at SO.
The bond side of the list was neg
| lected.