Evening star., 1927-03-25
PROFITS Of PEPCO
SHOW BIG GAINS
February Report of W. R. &
E. Co. Also Reveals In
CreaSeS Over Last Year.
BY EDWARD C. STONE.

BY EDWARD C.. STONE.
| Net income of the Potomac Electric
/ Power Co. for February amounted 70
| $3.50, ,301 AZ, compared with $274,l71. ~
| for the same month in 1926, or an IN
| crease Of S9,130.2O, according 10 tne
| monthly report filed today with the
| Public Utilities Commission.
Gross earnings from operations TO-
tailed $732, 1851, against $7Ol, ,SSo.oo
in 1926. or a gain of S30.2S1.9o. Up
Grating expenses reached $2S4.S4o. e.
compared with S266. .101.90 last year,
being S1S,743.S2 heavier than a year
ago. Net earnings from operations
were 447,322.79, compared with $45o'
1855 in 1926, a gain also being SHOWN
OF $11, ,55413.
For the first two months of this
year the Potomac Electric Power 90.
gross earnings totaled $1,5l7.3l3 go
which is gain of $7S,196.25 over the
same period in 1926. Operating eX-
penses for the first two months or the
present year were 0S,O26.33, pelng
$50,1O437 larger than last year. Net IN
come for the two months shows gam ga1
of $21, 1894, the net income IN l9z
being S57S .932.73 compared with $751;
202.79 in 1926.
w. r. & f. Report Is Also Filed.
The Washington Railway Electric
Co. also filed the monthly report 10Y
February with the Utilities Commits
sion today, the figures showing
marked gains over the same month
last year. The reports for the nrst
two months of the present year also
reveal substantial increases, but in
considering all these figures it should
be taken into consideration that they
include the earnings of the George
town & Tennallytown and the City &
Suburban lines which have Deen ao-
sorbed by the w. r. +.
Operating income for the month
was $3.50, 1880 this year and $685..
49717 last. Operating expenses and
taxes for the month amounted to
1875, 5,948.95, compared with S3O6,524.36
l year ago. After these deductions
net income from operations reached
the sum of $84,200.65, in comparison
with $62,972.S1 for the same month
last year.
Net income for the month, after all
deductions had been made, amounted
to 1907 7,04773, against the sum of
$259,962.5 in February, 1925.
Operating revenues for the first two
months in 1927 were also far ahead
of the figures of last year. The net
income this year, after all deductions
of every kind, reached the sum of
47,G77.61, compared with $285,962.57
for the corresponding period year
ago. It Is noted in the February
report under the incorporating In
come" item that an additional 100000
n dividends were received.
Capital Traction Market Leader.
In volume of trading Capital Trac-
tion was today's leader on the Wash
ington Stock Exchange, los shares
selling ex-dividend at 106. But 10
shares of Washington Gas Light
stock came out. selling at 1888.
Peoples Drug Stores changed hands at
108%, and 10 shares of Liberty Ma
tional Bank at 206. Other stocks
were steady.
Washington Gas 5s brought 101A
and the 6s, Series B, 1861 for a baby
bond. Barber & Ross 6hs again sold
at SO. and a transaction in Southern
Building 6ks took place at 100. Mer.
genthaler is among the several issues
now ex-dividend.
Stock Listed on Exchange.
The board of governors of the
Washington Stock Exchange today
listed for trading the Z per cent pre-
ferred stock of the Commercial Ma
tional Co.
This stock was recently put out by
the finance company which was or
ganized by the officers and directors
of the Commercial National Bank.
Trading in the issue will be permit
ted tomorrow.
Mckee Explains Banking Bill.
At this weeks meeting of the
bankers luncheon group at the Will
lard, Henry H. Mckee, president of
the National Capital Bank, gave an
intensely interesting talk on certain
points in the McFadden banking bill.
The banker ana. .'Zed many provisions
in the act that would not appear in &
casual reading of the new measure.
Mr.. Mckee is one of the countrys
leading authorities on this bill and
local bankers considered it treat to
hear him talk about it. Since Con-
gress passed the bill and the President
signed 1t, Mr.. Mckee has been simply
swamped with letters from all parts
Of the country asking for information
and his Interpretation of various
points in the law.
c. & o. February Income Jumps.
February surplus Of the Chesa.
peake & Ohio rose to $2,057. 1923 after
charges, from $1,281,278 in February
last year, and for the first two months
this year, to $4,124,8 1888 from $2,775, ,140
in the corresponding period Of 1926.
Montgomery Again Heads Acacia.
William Montgomery, who has
served the Acacia Mutual Life Associa-
ton for more than 33 years. was re-.
elected president at the annual meet
tx,n nGta andn fs1 kIA IQrtf
Other officers reelected included j..
Harry Cunningham. vice president; j.
p. Yort, secretary and actuary; j..
Claude KEEPER, treasurer; Charles E.
Baldwin, assistant treasurer, and DR..
J. B. Nichols, medical director. j. c..
Hoyle of this city was added to the
board Of directors, the other members
being T. J. Adams, w. L. Andrews, G.
e. Baldwin. c. c. Coombs, w: X. Cow
den, p. B. Cromelin, j. Harry Cunning
ham, William Dietz, l.. w. Estes, E. c.
Graham, T; E. FARRELL. A. w. Johnston.
j. c. KEEPER, A. d. Marks, j. L.
Meany. J. Fl. Milans, William Mont.
gomery, DIR. j. B. Nichols. c. F. Rob.
erts, II. l.. Rust, l.. p. Steuart. E. E.
Thompson, T.. Lee Trinkle, F. d.
Winston and J. p. Yort.
Progress was reported on the COM
pany's new building program, the first
unit Of which will be a 10-story build
ing soon to be erected at Indiana ave.
nue. and First street northwest.
Richmond Ratio Unchanged.
The reserve ratio of the Richmond
Bank remained unchanged at the high
figure of 1898 on March 20, compared
with the statement of the previous
week. Bills discounted were slightly
higher at $50, ,101 900. compared with
| $l9,820 900, but were substantially be.