Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-11-30
Totals ......sL3o5,744.189 $L262,3le,
Pepco Gains SSS,7S7 in Month.

According to the monthly repor
| filed today with the Public Utilitie!
Commission, the Potomac Electric
! Power Co. had a net income in Octo
Der of 1929, 080.69, compared with S240,'
293 ga in the corresponding month {
year ago, or gain this year of $685..
1906.
The company reported gross earnings
for the month of $792, 562.44, agains
| $699,95421 in October, 1927, an in
crease of S92, 60923. Operating expenses
required S333,81472, compared witt
| 1929, 1889 last year, an increase in op'
Grating costs of S4,621.03.
! Net earnings from operations total
ed SASS, 784.72, in comparison with the
total year ago of 1910, 760.52, an in
crease in these earnings of $87,983. 20
After all other deductions the above
gain in net income of over $4,000 was
revealed.
The power company also reported
earnings for the first 10 months OF the
present year. the total net income be-
ing S2,996,05045. This figure when
compared with S2,357,144.65 for the
corresponding period last year, shows q
gain so far in 1928 of $633, 905.80.
Gross earnings from operations
amounted to $7,655, 949.84, against q
total of S6,902 ,54293. an increase this
year of S753 ,40691 Operating expenses
totaled S3.279,659.75, compared with
S3,1O4,53625 a year ago, an added eX-
pense item of $175.123.49 Net from
operations amounted to $4,376,290O9
against net last year of S3,798, 00667
the 10 months increase so far this yeal
being $578.283:42.
w. r. G. E. Reports on Earnings.
Ir its monthly report to the Public
Utilities Commission today, the Wash
ington Railway & Electric Co. reported
| total net earnings for october of $751;
331.69. against S45,0524 AS, an increase
of S12,27924. Operating revenue fol
the month totaled $500, 402.76, compared
with S479, 347.31 in October, 1927.
Operating expenses and take;
amounted to S407 ,439.84, against $406,'
848.60. After deduction of the usua
charges the total operating net income
stood at SOL 1862 90, in comparison witt
| $50, 498.71, in the same month last year
Reports for the 10 months of the
present year show total operating rev.
enues of S4,796, 10431, against $4,859,.
92124 last year. Operating expense!
and taxes amounted to S3,950809. "a
compared with $4O46,2 07.22 in 1927.
| The total gross operating income
reached the sum of $845 ,297.47, in com
parison with S313, 71402. The usua
! subtractions left a net income from al
sources for the 10 months of S1,235,.
| 65492, in comparison with $1,159,8 14.'
80 for the corresponding period veal
| ago. This is a gain for the 10 month!
of 1923 of $125,841.
c4ooI,holdars xroro. z McOvo5o
Edward j. McQuade, vice president O
| the Liberty National Bank, was accord
| ed distinct honor few days ago wheI
| he was reelected a director of thu
| Mergenthaler Linotype Co. He has beer
a director in the company since 1913
never misses a meeting and takes (;
deep interest in the company'S affairs
Mr. McQuade has held stock in Mergen
! thaler for Is years and possesses record
: about the company which date back 81
| years.
In addition to his banking duties ant
| interest in the linotype company, Mr.
McQuade takes an active part in thu
work of the District Bankers ASsocia
ton, having served on many importan
| committees and this year being Secre
tary.
Christmas Checks Mailed Today.
The local banks were this Afternoon
mailing checks to the $4,000 members O
Christmas Savings Clubs. Twenty-nint
banks are taking part in the distribu
ton and the total amount is nearl,
| $4,000 900.
The average check is about $95, which
is $25 larger than the average for thu
whole country. It is estimated tina
from Is to % per cent of the Christina
Savings Club funds are redeposited il
the banks as permanent savings. Thi
means that nearly $2000,000 shoulC
find its way back to the banks soon.
The other $4,000 900 will be used TO
Christmas shopping, paying installmen
bills, insurance premiums, and in ever.
other conceivable way. 1t will make it
self felt in a great many different chan
nels. Next years clubs will be openet
to the public Monday and bankers ar
already talking about new record il
1929.
Local Securities Active Today.
The Washington stock market had
lively session following the holiday
Peoples Drug Stores made a new higI
at 100, on flve-share turnover. Their
was considerable small-lot trading il
washington Gas LlSnL STOCK, Jne lSSu
closing strong at 1861.
Mergenthaler figured in long list G
small-lot transfers amounting to 12
shares, closing at 1864. Lanston sol
around 1875 and 118 on a turnover 70
the day of SIS shares. The Potoma
Electric Power shares were strong, a
well as several miscellaneous issue;
Federal-American Co common went u
to SO and closed at 52A.
Riggs National Bank warrants sol
at 305, both fractional shares and fu
warrants moving at this price. TIL
session opened with 10 shares of Chest
nut Farms Dairy common selling a
1870, new high and up 5 points fron
the last previous sale. Bonds wer
steady and quite active.