Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-29
.PEPCO'S EARNINGS
SHOW GOOD GAIN
,Deficit of w. R. T. Reduced as
Result of Better Patron
age in November.
By EDWARD c. STONE.


Electric Power Co. for the first Il
months Of the present year amounted
to s2,e74.e2SeS in comparison with
$3.50. 06s54. for the same period last
year. a gain of ssS4.e25.os. accordins
to the report filed today with the
Public Utilities Commission.
Gross earnings from operations for
the IL months of this year totaled
sas.ese.ss. against s7.15S,o2S.,4 IN
1926 which is a gain of So4o, $50 -
y,reratin~ EXPENSES were $S,+SS.2o rs
as conrared with SS,1S7 .2beSS last
wear. which means that operating eA-
nenses were also larger TINS year ps
she sum of sc9S, 1904.
The net income from operations
after the deduction OF expenses
amounted to s4.26o ,oo4.a4, compared
with s4.n15.7SS.S5, a gain In 1877 Q,
Se44e4eoa. The company reported
a gross income after deductlon OF
expenses of s4.46i.Solls. against 90
1s- 6S5es in 1895. which is an I'M
.,,.,,eer,an. in gross income of So14.-
1852.
The company also reported earnings
for the month of November. when
showed a net income of SS17.l4 W.
in comparison with SSo9.so74 AZ IN No,
xenher, 1926, leaving an addltlohai
profit this year of Ss.2.S.3o.
November gross earnings were
s7qn.7l9.e4. against s7S4.So4.6S. in the
same month last year. an increase OF
sa5.s14.ea Operating expenses s Weae
also heavier this wear, beths 80 -
-a1s7. in comparison with s-s9. 4ss,i ,
vear ago. an increase or siS.-oo.Z-
on nNnnnSGS
.,,n,prs from operations In Noven'
,,sr resched s4e1 aas.s1. against Sa4".'
go 20 last wear. or gain ~ VIZ
s.s77 TIE company reported a gross
,,ccr,e less operating expenses. OF
s.ss eessl. against the slightly lower
&-,,re last November Of S4s4,l22.4--
RAND Transit Report Also Filed.
healthy condition is shown by
the Washington Rapid Transit GO. IN
i+s report of earnings and disouFse
,,1ents for November. 1927. hled WIN
the Public Utilities Commission TO-
dav. Not only were 1901 more pay
messengers carried than in November.
,a"s hut the operating deficit, after
-axes was reduced from S6,65o.61 last
wear 10 81. sasss this year. The gross
deficit. after interest and other charges
are taken into consideration, was re-
duced from s7,s43.12 to S4,oSe.'S-
This is the company's first report
for a full month since the 81 new de
luxe buses were put into operation
during October. The report shows an
increase in revenues over November
1926. Of s5.535.3s. or 14.2 per cent
Nine per cent is attributed 10 the IN
cres CO in the rate of fare. "a per cent
~ fine eased number of bus riders
and the balance to the increase in the
number of chartered buses and other
revenue.
The statement is somewhat comp1'
Gated bv the fact that the Public Utin'-
ties Commission ordered the company
Ia make a reduction in its charges Tor
aenrecia ton. The amount or this al
iust uent for the 10 months ending
October 81 is ss.3733s. and is used
20 reduce the operating expenses
shown in the monthly report for No
vember.
Eliminating the effect Of this adjust
nnent. the report shows total revenues
of ss4.1eS45. and total operating ex-
renses. including taxes and deprecia.
ton for November. at the new rate. OF
sac .oso. Hs. or an operating deficit OF
81 .ss3.s3. Interest charges and other
items bring the gross deficit up to
s403s.75.
The total number Of revenue pas
eengers carried in November, 1927.
was 425.ssi, and in November, 1925.
415.760. an increase Of "a per cent
With this increase in passengers came
an increase in operating expenses and
bus mileage. Operating expenses. ex-
elusive of taxes, increased about
per cent. or from t44 .5o4.s7 in Novern'
her. 1926 TO s45.403.4l in November.
1927.
Bus miles operated in November.
1926, tosaled ~Il9. 44s, and in November.
1927. 14o.754. The fact that the in
crease Of 1T.s per cent in bus miles
was accomplished with only an increase
Of z per cent in operation expenses fs
due. in part. TO the reduction in de-
precsation charges ordered by the
commission.
Exchange 10 Close Saturday.
Tomorrow will offer the last chance
20 purchase stocks and bonds on the
Washington Stock Exchange until
next Tuesday. the members having
voted az .odsy's session 10 close on
Saturday for three-day recess.
Sanitary Grocery preferred led the
market in volume of trading today.
opening AZ 1857 and closing at los
on a s0-share turnover. Forty-fve
shares Of aergen'haier cha nged hands
AZ le4iz, while Potomac Electric
sold up 70 1854
Railway e. Electric preferred was
strong ct l9l. Columbia Sand a.
Gravel sold biz lower today ST 1o4.
Federal Storage preferred came out
81 l0s and "a shares Of FederaI.A nleri.
can co. common moved al 37%.
Chevy Chase Dairy preferred ap.
pee red on the board AZ 10s and an ODD
10. ~ Washington Gas Light stock reg.
is'eYed s5, the same az yesterday
closing quotation. There was a 100
share turnover in National Mortgage
Il Investment a. 81.
The few bond sales were at high
leyels. We shington GAS 81 opened
e. 1854 and closed st los on o ~ 500
turnover. Gsg 81. series A. sold 81
1906 end me - bonds NJ 1861. THE
only other bond sale Was $500 trans.
fer in Capital Traction 81 a, 1914.
Other Financial Notes.
The doors ~ the new Farmers d
Mechanics bfan"t1 ~ Wisconsin ave,
n1s and Warren street were thrown
open 10 the public this morning for
the frs time. The reception will con
'inue until late this evening, the RI.
ception to be featured by an orchestra
yhich will broadcast
Charles r. Glover. chairman Of the
bosr5 Of directors of the Riggs Ma,
tionSI Bank. has moved from his 81,
tate on Massachusetts aVenne near
American University, 10 his Winter
hons on FsTsgUt suiIafe.
gBFSetEF& sf ttsH EHeBfataea
ton 81 the Disirlct Of Columbia yes
'stGsT DECLARED the regular semi
annual dividend ~ ga per cent. ps y,
able Jsn;IsfH ~ eto.,k holders " rec.
ord December 81
t<o1ik A Ma nhsw tsa been mad
manager Of the Washington office Of
Harris. Mooney d %, Investment
barriers who have offices in Eslsi
more, New YoIk snf ejse~ here Tn.