Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-26
EPCO'S NET WELL
'IAHEADOF YEAR AGO
May Report FiIed-Institute
/ Committee Heads Named.
Financial Notes.
BY EDWARD c. STONE.

II BY EDWARD c. STONE.
ii The May report of the Potomac
Electric Power Co. filed with the
Public Utilities Commission reveals
gain of $19,361.27 in net income in
comparison with the same month In
1895. 1t also shows substantial gains
In gross earnings from operations as
well as heavier operating expenses.
4. BY summing up the figures for the
nrst five months of the present year
II is found that the power company's
met income Is far ahead of last year.
Net earnings this year total $780,
i17546, while for the first five months
In 1926 they amounted to sl,172,5 55 SO.
lor an increase in 1927 of $130,619.77.
B Gross earnings from operations dur
ing the month of May totaled $677.-
124.SS, against 1926. 403.20 in May. 1926.
or an increase in favor of the month
s1nder review of 50,611.6S. Operating
Expenses this year were $313.729.13.
:or a gain of $34,474SS over May
year ago when they amounted to
$279, 254.25.
II Net earnings from operations
reached the sum of 1888, 295.75. in COM
sparison with a total of S347 1885
last year, leaving gain this year OF
f$16,136,S0. After deductions for ex-
StDGUSGS, taxes anu OliICI uSIiic1iidSt LiAS
icorporation reports a net income for
The month of S215, 437.S3. compared
with the lower figure a year ago of
1896, 07611.
lII Figures for the first five months
sShow gross earnings in 1927 from
Separations of $3,621, 6S3.40. compared
with 353,63S.56 last year, an in.
crease for the period of $26S.044.S4.
while earnings have increased, oper.
:ating expenses have also advanced,
Il total Of s1.524,o55.02 being compared
with $1,404,S62 last year, the exact
additional costs being S124, 1902. Aft
or deduction Of expenses the COM
i,pany's net earnings from operations
amounted to $1,000 .e2S.3S this year.
or an advance of $14S,S51.S2 over the
l1pf $1,94s.776.56.
important /. A. b. Committees Named.
l. President I. J. Roberts of Washing
ton Chapter, American Institute of
Banking, yesterday appointed the
thairmen of all the important COM
Inittees for the coming year. Mr..
Roberts was able to retain in service
Gf the institute many members who
carried on so successfully last year,
rs we'll as previous to that time. He
Aven obtained the promise of the re.
tiring president. T. Hunton Leith. to
take change of next years annual
Banquet.
III The list as announced yesterday
shows that the affairs of the institute
will be in charge of the following COM
Enittee heads during the coming year:
III Achieves committee, Miss Lois A.
White, Federal-American National
Bank; athletics committee, G. M. Van
Hoesen, Second National Bank; audit
Committee, Raymond P. Lochte, Dis
,trict National Bank; banquet COM
xnittee, T. Hunton Leith, Security Saw
ings & Commercial; educational COM
mittee, James A. Soper, Lincoln Ma
tional; forum committee, Harold w.
Burnside, Farmers and Mechanics Ma
tional; house committee. Elmer
C'Hara, Seventh Street Savings; mem
bership committee, August E. Hense,
w. B. Hibbs & Co.; public affairs and
public education committee. E. j. Nc
Quade. Liberty National; publicity
committee, Miss S. w. Burwell, Ma
tional Metropolitan: theater party
committee, A. w. Sherman, American
Security e. Trust Co; ways and means
committee, r. Jesse CLANCY, Com
mercial National; women's committee,
Miss Mabel v. Royce, Washington
Loan Trust Co., and editor, Dollars
and Sense" Aubrey o. Dooley, Com.
mercia1 National
ii The next big event in institute af-
fairs will be tie national convention,
to be held in Detroit the second week
In July. Washington Chapter will
send strong delegation and larger
one than went to Dallas, Tex, last
Year.
Banking Expenses Up 200 Per Cent.
w o. Howard Wolfe, cashier of the
Philadelphia irard National Bank,
.speaking at the Virginia Bankers
sEonvention at Virginia Beach on
SSome Doorstep Banking Problems"
declared that a survey had shown that
more than so per cent Of deposit &C.
counts in banks were improbable to
the banks, but that these accounts
were responsible for 40 per cent of
the banks overhead. He declared
that bank expenses had increased 100
per cent in all phases and 200 per cent
lin some phases in the last rs years,
but that bank earnings had not in
;creased.
Banks could throw out all their
deposits Mr.. Wolfe declared, land
then make larger dividends than they
ARE making. II you will analyze your
sbnsiness you will find that you are
fmdhluS your pTOuIS OH your surplus
rather than on your deposits"
The associations committee on re.
vision Of the State banking laws made
Its formal report. submitting the pro-
posed bill as drafted by special COM
Emission, revising and codifying all the
thanking laws under one act, to be
designated the Virginia banking act.
The new bill is regarded as far reach
ing in import.
AS Moody Sees Stocks and Bonds.
Expansion of brokers' loans is per-
maps taken too seriously, at least
flor the moment" says Moody's Re-
view.
fI"Brokers' loans and margin buy
Ting of stocks normally expand with
the growth of wealth and income;
land in proportion to national income
they are now probably quite a little
sSnnaller than they were in January,
.1s26.
s.s"On the other hand, now that stock
sprices are so high that stocks yield
.: third of a point less than COM
speting bonds, hard-headed investors
ARE inclined to take profits; and this
spfoft taking promises to make hard
Wedding for a bull movement from
this level. So it is that indications
lpoint to a horizontal stock market"
sG0NTRlRllTl0NS S0IlGHT