Evening star., 1928-03-29
v. R. & T. INCOME
SHOWS INCREASE
PepCo Also Reports Gain in
Net Earning-Remington
Rand Offices Opened.
BY EDWARD {. STONE.


of February was SS4s.7s0s7. compared
With S3o7 0477S in February, 1927, ac-
CordinS 10 the monthly report filed
today With the Public Utilities Com
mission
In this increased net income, how
ever is an additional $4,000 in divt-
6ends from the Potomac Electric Pow
or Co. which was not received last
February. 50 that the increase in earn
incs from street railway operations
alone is only about Sit,73S.
The company reports operating rev
pnues for the month of S479 10.
ecainSt $3.50, ,l4a so for the same month
year ago Operating expenses ana
taxes amounted To s37S,99S 20, against
SS1s o4S9S for the corresponding
period in 1927,
The corporations non operating m
come totalled s3l6,4l944 in compari-
son with sc67. .aSSs7 in February, 1927
While The gross income, less expenses
and taxes. was si13,SSS.93. against
637i.s5422 last year,
For ghe first two months OF 1878
operating revenues totaled S9I@.3SS,ot,
compared with S963 2.4S a year ago
exoenSeS and taxes amounted 10 S1S4,-
go O4 this wear and $7S9.2lS.S5 last
wear. leaving a net operating income OF
Sls8. .O18.63. against $l74,0oS.oS in 1877
Incorporating income for the TWO
months reached the total OF $336, ,2I6.o4
y lille 3 year ago 1t was S5o2 $3.50.
Gross income less taxes and expenses
amounted "a ss24.S55lT. against SAT-
ca as After all other deductions the
company had a net income for the two
months of s5q7. .o65 oS while for the
Same neri0d last wear the figure was
t3s7.6776l.
Power Company's Net Higher.
The Potomac Electric Power Co. also
made its February report 10 the UTILITIES
Commission today, gross earnings from
operations being S789,o57.So, against
S732 81 in 1927 Operating expenses
ve~e ssoi .6Ts. u. against S284845.72,
leaving net earnings from operations Of
t4s7. .37e08. compared with S441.322.Is
last wear.
After all the usual deductions the
r0ruoration had net income Tor tne
month Of S307 .s5S So, against S2s3.30 A.
In February. 1927. or an increase IN net
of s24 .5572l.
The two months summary shows
gross earnings Of 81 .626,632.23, against
sf5l7.3l33 80 last year: operating eX-
npnses of s655. .eOS.65. compared with
SDu6,U@6.aS, 4taNIAAe t4rt C0AA.A acan
operations Of S970. 1888. against $685.
ass 81 in 1927.
The oompany's gross income, after
deduction of operating expenses,
amounted to s9SS 5s4.70, against last
wears two months return OF So2o,-
in7 10 After ali other necessary de-
auctions the total net income vas S649,-
<g9n2 In comparison with S5i8.932.73
for the same period year ago.
New Remington Rand OfIices Opened.
The consolidated Offices Of Remington
Rand Business Service, Inc., have been
thrown open 10 the puoic at Iluo "
street northwest. While the consolida-
ton vas voted several months ago, It Is
only nov that the merger plans have
been carried out and the business OF
the different firms placed under one
roof
The firms in the consolidation include
the Remington Typewriter Co. Dalton
Adding MscftnA Co, Powers Tabulating
Machine Co, Rand KardeX Co, kala-
rnazoo Loose Leaf Binder Co, Baker
Vaweer Loose Leaf Co. and the Safe
Cabinet Co. The combined firms have
taken the entire 9 street building. con-
Sisting Of four floors and basement.
T. d Hatha way, who has been maoe
was formerly manager Of the Kalama-
roo and Dalton Offices in Washington,
81 he is already well known here. The
company expects 20 bring about econ
emies in management by uniting 50
many firms handling business ofi1ce
st.pplIes
M Hathaway states that the new
Offices will be open for general public
inspection for month
Metropolitan Votes Dividend.
The board Of directors Of the Ma
tlonaa Metropolitan Bank have declared
the regular semi-annual dividend Of 5
per cent. The dividend is payable on
April IS ard the books viii be closed
from April 6 10 Is inclusive
The directors Of the Norfolk ~ West
err Railroad have declared the regular
cae erterly divldend Of ] per cent on
sc3ustnent preferred stock. payable
Nay y 70 stock Of record April %.
Pennsy Votes sleek Allotment.
The directors Of the Pennsylvania
Railroad yesterday authorized a stock
allotment of izj2 per cent 81 par of $50
per share 70 stockholders 0f rec1rs
Aurl3 a This action 01ll increase the
Outstanding capital stock t62 500 900
A. ire same meeting the directors
authorized Z further issue ~ stock Of
8I7 500 900 10 b. sod 10 Inc employees
after approval 0f the stockholders IL
obtained ~ the annual meeting.
The allotment voted yesterday vas the
first % De made BY the company since
1913 ale8 the amount Was ~ PER cent.
Bank Plans Afternoon Reception.
The Yenocellng ~ the banking quar-
q araFa f.s REsR 4 a.
c4taon ~ the Washington Loan and
Irlsg ca 1T ninth and r streets have
seez comgfetec and the company vii
thfo~ Il ogsen foY inspection Dy the pub
~ 81 Saturday from ! O'Clock until
. eJ9cx ln me evening The work mas
oeen IN progress since early ln the Eall
q 1875 aitng9t interruption " tnf
regular eoggse ~ business no formal
aas3tstAoKS haze been sent out is9e ON
GERS desire their friends ~ look upon
ne ocosal9n as sn informal pppr-
t4HlfF ~ see what MS been sEconpiisn~
-
sarlea Trading on ExehsHge.
gos4la2e Electrle FeWer & per cent
preferred 9glc e. lil@s 0H tie locai
elchan1e Dgcsy while tie stz per cent
lss<e g.gysc hi 100 fiat Pity shares
of Barrier ~ IStgss common sgld ~ u
s8c 30 shares ~ FEDERAL American 10
DrnHgH al 50 Merchants Transfer ~
alQgsRe preferred 1fJ6 ~ clyideuo ~
4gs Peoples Drug stores preferred 81
t1<.. enc N'FJdHard N lDtnfop pre-
feffec ff I0s
Fgst snzYhs - Nasnlug1yn Gas s0id
st - lans9gn came ogt ~ ~ = On b
fao-.oi ssse and 40 shares u Rigs
rational ag9ysd ~ sol Washington
FsANay II Electrie ggiIdS led the boH0
nlsrket teeqfcjna q $4,000 t4rn0Yef ~
szsl EsFsger ~ ftGss s14s ~5l0 at 81
eac C5ly ~ Suburban 6s " 1914
Bs4rd la financial District
Ea5de from the three locai stssakefA
stHefk blaming ~ attend tne savings
e5nfefenee III Richmond include FTBH
r5t q Addison tF IHg1eF II Mrf 2ef4IeK