Evening star., 1927-05-26
EARNINGS OF PEPCO
SHOW LARGE GAINS
W. R. & E. Co. Report for
April Also Shows Increases
in Profits.
BY EDWARD G. STONE.

BY EDWARD c. STONE.
Net income of the Potomac Electric |
Power Co. for April was $250,33S.01. !
in comparison with S204. .474.59 for the |
month i'll 1926. accord |
ing to the monthly report filed today |
with the Public Utilities Commission. |
Gross earnings for the month were |
against $637.771.92 last |
April. Operating expenses amounted |
10 $310.325.6S. compared with $685. |
l71.5S last year. while net earnings |
rom operations. after the usual de. |
luctions for expenses. were S403 .15O.'
,8. as compared with $204 .47459 for |
he same month last year.
The monthly report for April Of the |
Railway & Electric Co. |
,Iso was filed today with the Utilities |
Commission. showing operating rev
,nues of S512 2,260.32. against $417,- |
l00.39 for April a year ago. Operat-
ng expenses and taxes for the month |
mounted to s424,1622S for April.
1927, against s343.532.74 in the same
month last year. Operating income
for the month was S8,098.04, in COM
oarison with $73, ,567.65 year ago.
The net income for the month was
s4o ,679.52, compared with S31.237.4l
i'm April, 1925. In considering this
gain in income 1t should be remem'
bered that this years figures include
he incomes Of the Georgetown &
renleytown and also the City & Sub.
urban lines. which filed separate re-
ports last year. Net income in March
Of this year was $48,59S.6O.
Capital Traction Also Reports.
The April report of the Capital
Traction Co, filed at the Office of the
Public Utilities Commission today,
showed gross operating revenues. of
1896, ,59442. compared with $4OS,612.O8
last year, with operating expenses
S26O,722.16, against $25s,219.27 a year
ago.
Operating income after deduction of
taxes and operating expenses was
O1,21753 against S112,461.S6 for the
period in 1926. Net in
come for April, 1927, was 7,699.60,
against $90,054.65 last year. Revenue
pa ssengers carried during the month
numbered 5,3SS.SS4.
For the first four months of the
present year Capital fractions operat-
ing revenues were $3.50 .660.03,
against $1,559, 1896 in 1926 Operat.
ing expenses were S1,043, 3,322.55,
against S1,O4S,746 a year ago.
The four months total operating in
come was $35S,205.34. against S373.-
1872 After the usual deductions the
net income for the period was $780,
O2S.69. against $272 2.S96.63. The num-
ber of revenue passengers carried dur
ing the first four months of the pres.
ent year was reported as 2O.9Oo,994.
Park Savings Stock Reaches IS.
Park Savings Bank stock sold the
other day at SIS per share-seven and
one-half times par value. While the
was outside the bank and
involved only 25 shares, it was the
highest price ever recorded in the sale
of this stock and also the highest
price per dollar Of par Of any bank
within the District in recent years.
The capital of this bank is $4,000. |
divided into 5000 shares of $40 each;
surplus, S125.000; undivided
profits of about 100000 and deposits
over $3.O00.O00.
Peoples Drug Stores preferred sold
up to 1091a on the local board today. |
Forty shares of Capital Traction came |
out at 104% Potomac Electric Power |
preferred sold at 10S12. Barber & Ross |
common at SO, Riggs Bank stock |
moved at 4S7 and 81 shares of Wash
ington Gas Light stock changed hands |
at IS.
Trading in bonds was very light, |
Washington Gas 6s. series A. selling |
at 103s4 and the B bonds holding firm
at los.
Several sales between brokers on
the Washington Exchange have been |
made in the forthcoming issue Of Po- |
tomac Electric Power preferred stock |
at 101. This is the stock that was |
sold by the company at SO, to be de- |
livered on June 1.
Grist of Rail Reports Appear.
April net operating income Of the |
Southern Railway system declined to |
So, 1866, $50 from $3,675,50 in April last |
year, and for the four months of 1927 |
to 1856, 1870 from $14.O63,251 in the |
same period of 1926.
Net railway operating income of |
the Pennsylvania Railroad in April |
was $9,35O,O11, an increase of $2,121,.
831 when compared with the CORE |
spending period of 1926, the company |
last night. For the four |
months ended April 80 net railway op- |
Grating income totaled $32 2,713,373, an |
increase of $7,902. .037.
Net operating income of the Norfolk |
& Western for April was $3,0S7,206, |
an increase of S472.SS7. Gross for the |
period was $9,397,o6A. compared with |
SS,613,64O. Four months net was
S10.610,726, an increase of $97,S76. |
and gross $36,S00,234, an increase of |
$1.434,4 ,4S1.
The Chesapeake & Ohio Railway re-
ported net operating income for April |
of $2,797,2O1, an increase of $693,S45. |
and for the four months ended April |
30 the account showed $11 ,573,271, an |
increase of $2.636,761.
Directors of the Chesapeake & Ohio
Railroad at their meeting in Cleve-
land yesterday raised the annual divl-
dend on the common stock from IS |
to $40 by declaring a quarterly pay
ment of $3.50. payable July l to |
stock of record June s.
B. F. Keith Corporation reports net |
income of S1,1S7,954 for 1926. equal
to S2.97 share.
Heard i'm Financial District.
1t was announced today that more
than $50 requests for reservations for
the Hot Springs bankers convention
are already in the hands of the chair
man Of the transportation committee,
John M. Riordon. General Chairman
believes this fact assures
the sessions of a record attendance.
Peter A. Drury, president of the
Merchants Bank & Trust Co, has
been in New York this week on busi-
ness.
the New York Stock Exchange will
lieved that the local exchange will
quite likely do the same.