The Washington times., 1927-12-30
WRIT Showing
STRENGTH
By RICHARD HATTON


yesterday. The report indicates an
unusually healthy condition OF the
company's finances at the present
time with future prospects favorable.
due to economical and efficient man.
agement.
Not only does every item show an
Improvement over the report for No
vember OF 1928, but the company is
carrying more passengers. It has q
14.2 per cent increase in revenues,
huge cut In the monthly operating
deficit, q 17.S per cent increase In
bus mileage to take care of growing
business, with only a per cent IN.
crease in operating expenses.
The motor coaches Of the company
carried 425,6S1 revenue passengers
in November, 1927, against 4l6.1SO
in November, 1926. The company
attributes this increase to the fact
that the n new de luxe busses put
into operation during October have
proven attractive to persons who
formerly drove their own automo-
biles to work, and to the fact that
the increased service has also at
tracted some additional passengers.
The operating deficit afrer taxes,
was reduced $3.50 81 last year to
81, 1885, in November OF this year.
The gross deficit, after interest and
other charges were taken into con-
sideration, was reduced from 81.
S43.12 to $4.036.75.
Revenues were increased over No
vember, 1895, by $5.5a5.S5, or 14.2
per cent. Nine per cenI IL attributed
to the increase in the rate o. fare, "a
per cent to the increased number OF
bus riders and the balance to the
larger number of chartered buses
and other revenue.
The statement il somewhat COM
plicated by the fact that the Public
Utilities Commission ordered the
company to make a reduction In its
charges for depreciation. The
amount of this adjustment :or the 10
months ended October 81, 1927, Is
$8,373.36, and is used TO reduce the
operating expenses shown in the
monthly report for November. 1927.
Eliminating the effect Of this ad-
justment, the report shows total
revenues of $44.166.45 and total oper-
ating expenses. Including deprecia-
tion for November at the new rate.
of 4,060.08. or an opet ating deficit
for the month of 81 ,S93.63. Interest
charges and other items bring the
gross deficit to $4.C36.75.
With the increase in revenue
passengers Of almost 10000 over
November, 1925. the operating ex.
penses were increased about per
cent. while bus mileage was in
creased approximately 17.9 per cent.
T.. hA ~
spent $44,504.67 for operation and
in the same month of 1927 $45..
403.41 for the same purpose. Bus
miles operated in November. 1925.
were 119.44S. against 140,754 in
November, 1927.
An airport and landing field OF
$50 acres. valued at $5O,00O. has
been given to the city of Jackson.
Mich, by Wiley r. Reynolds. finan.
cier and industrialist of that city
and New York, now chairman Of
the board Of the Reynolds Spring
Company. In making this be-
quest as New Year present,
for the development OF aeronautics
in his native city. Mr.. Reynolds
has been Joined by Mrs. Reynolds
as a co.donor.
The annual stockholders meeting
of the Washington Loan and Trust
Company will re held on January
10.
According to the report filed with
the Public Utilities Commission yes
terday the net income of the Poto.
mac Electric Power Company for the
first eleven months of this year
amounted to $2,674.22s.63. as com.
pared with $2.390, ,063.54 for the same
period last year. This is a gain Of
$2S4,225.03.
Gross earnings from operations
for the l. months Of this year to.
tailed 1888 ,262.5S, against $7,153..
025.74 in 1925, which Is a gain OF
$540, 1868. Operating expenses were
$3,4SS,257.6S, as compared with $3,-
1S7, 1869 last year. which means
that operating expenses were also
larger this year by the sum Of $685..
990.74.
The net, income from operations
after the deduction of expenses
amounted to $4,260,004.94, compared
with $4,015. 1885. a gain in 1927 o.
$244.246.O9. The company reported
gross income after deduction Of
$4,137 .655.26 in 1925, which is an i'm.
provement in gross income of $274,.
1852.
The company also reported earn.
ings for the month of November.
which showed a net income Of $317..
14S.9s, in comparison with $309, ,s07..
4S in November, 1926, leaving an ad.
ditional profit this year of $7,273.5O.
November gross earnings, were
$790.719.64, against $734,804.65, in
the same month last year, an in.
crease Of $55,914.99. Operating ex.
penses were also heavier this year,
being $32s,721.37, in comparison with
$2s5, ,465.15 a year ago, an increase
Of $43,266.22.
After deductfng all expenses, net
earnings from operations in Novenn.
Der reached $461 ,998.27, against $449..
S49.5O last year, or a gain OF $12..
64S.77. The company reported a
gross income. less operating ex.
penses, Of $4ss.22S.61, against the
signify lower figure last November
of $484, ,122.42.