Evening star., 1928-02-24
v. R. & {. INCOME
GAINED IN JANUARY
Pepco Also Has Good Month,
Net Rising S46.O73 Over
Last Year.
BY EDWARD c. STONE.

with $40,6H9.SS III January, 1927 an in
crease III net earnings of S4.S55.20.
The company reported operating rev
cnucs Of S497,s75.4s, in comparison Will
S503l22 2S3 i'll January. last yea,
Operating expenses and taxes amo,,nte,
to S405.26l "a. against S4l3.26490 il
January a year ago. leaving an opcrat
ing income for the month of s92.6l414
as compared With SS935793 for tn
corresponding month IN 1927
The street railroad company reported
Ia gross income. after the deduction @
operating expenses and taxes. of SllO.
| 41l.2+. While in January. 1927. tn,
same item was sos. .58SS4. The mos
interesting feature Of the report Is tha
fact, while operating revenues this yea
were lower than in January year ago
vet the company kept down the operat
ing expenses enough TO make possible
an increase in net earnings,
Potomac Power Has Big Month.
The first report Of 1923 also has beer
filed with the Utilities Commission BY
the Potomac Electric Power Co The
company had an unusually good month
net income reaching S34l. .704.39. com
pared with s295.63l3l in January 6
wear ago. which means an increase II
not Of S460T30S for the month.
The report shows gross earnings from
operations of SS37.57443. compared
with S785,l44.79 in January. 1927. ar
increase Of S524o964 At the same
, time operating expenses amounted t6
| 1894 2o93 in comparison with S323..
lS0.6l a year ago. this years expenses
being heavier by sll.04932.
! Net earnings from, operations were
| S5o3.S445o against S46l .96418 in jan
! uarv. 1927. an increase this year Of SAL.
360-32. The company reported a mis-.
cellanecus income of S10355.41. against
| S6.4040 03 last wear.
| The conpanv's gross income. after the
| deduction Of operating expenses. was
| S5l3,6e9.4i. compared with s46S,3 S,36S2l a
wear ago, a gain Of s45.33I7o Deduc-
tons from the gross income we're Sill.
| 933.52 this wear, compared with Sf72.-
| 1880 a wear AGO.
Officers Elected: Dividends Voted.
| Al a special meeting of the directors
| after the fourth annual meeting oi
| stockholders of the Finance and Invest.
| ment Corporation on February 81. the
Office Of chairman of the board was es.
| tablished, and the following officers
| elected: William c. Sullivan. chairman
| Of board and general counsel: Ross l.
/ Fryer. president: William l. King anc
Van Rensselaer, P. SAKE. vice presidents
| William T. Peake treasurer. and Clar.
| ence c. Weidemann. secretary and as.
si5tant treasurer.
The board declared regular dividend.
| payable March 81. 20 holders of prefer.
red stock on that date. This is the thir.
teenth quarterly disbursement to stock.
| holders on its S25 par value preferred
stock and the corporation has created
| satisfactory undivided profits and re.
| serves as shown By its statement. Ths
| common stock. with a par value of SIS. i
now being sold at So per share, purcnas.
ers being offered one common with
| each four shares of preferred In unit.
Of slc9
| This corporation is engaged in the
financing and purchase ot real estate
securities. has been in existence since
October IL. 1924. and has paid its divi.
denos regularly on both classes OF stock
!. A. Fleming Is Improving.
Word from Melbourne, Fla. states
that !. A. Fleming, for many wear.
financial editor OF The Star. and known
as the dean of Washincton's tinaucia,
writers, is improving steadily following
MS recent illness. Mr.. Fleming left
Washington early In January for his
usual Winter sojourn in the South. 60
ing TO Hotel Ind:alantic. at Melbourne
me hotel for which he had spaded the
first shovel OF dirt when il vas erected
ABOUT three years ago. He wrote to hi.
lrienos here how much he was enjoy.
lng baking In the Southern sun" anc
now nice 1t was 10 go about without ar
oFercoat. A few days later Mr., Fiemint
was taken Ill and had 10 take TO hi
oeo. being under the constant care OF Z
| trained nurse for several weeks. He wa,
| visited the other day by Mr.. Victor
Kaufman. who found Pop" all fixet
! up with shave and a haircut and abIt
10 sii up in bed.
| Capital Traction Sells at il3.
In a turnover OF only 10 shares
| CapltaI Traction stock sold at li3 TO.
day on the Washington Stock Ex.
change Railway 4, Electric preferred
| heia It's recent price Of i03 on a 40.
snare transfer. In the bond division
| Capital Traction SIS were strong at i04
Washington Gas led the market. Isl
| shares changing hands at 87I,. There
we're two small lots Of Riggs sold a
5lo. American Security &, Trus, novet
at $50 and closed an eighth higher
SAND q Gravel changed hands at lO5 !.
ana Ftdefal-American G. common came
out at 57i2. Potomac Electric 81, pcl
cent preferred sold at lot.
Cay G Suburban SIS moved at pal
and Potomac Electric Consolidated 81
sold at i04. Chesapeake IL potorna.
Iclcprore SIS o. Virginia registered
1000 transfer at 1885,. Chaplin Sack
per cent preferred sold In the urllistcs
department at l03
Heard In Financial District.
McElroy Moss who has been with ia,
Staf of K. II. Rollins IL Co. in Chi
c5go. has joined the local staff Of Eas.
man, Dillon Il Co. In the bond depart
merf. Arthur Foraker. the manager
announces Mr. Mosz Is the son .,
Judge Mckenzie Moss Of the Unltet
states Court Of Claims and formcrl
ilfEt assistant secretary Of the Treas
nfy. The young man has had wild
financial experience and wishes To max
| Washington his home
/ Earl w. Corby of this city has re
| signed a. a director In the contlnenta
Baking Co, according 10 New YORK re
| ports. WhetneE his action has any sig
I
| baking Interests could MOI be iearne,
/ here today. Ms. CotbY is in tiofid
! and has been tor several weeks.
| ". Il Hibba passed Tie holiday at hi
estate IN Leesbufg, He expressed In
hope today that his partner w. W
| Spald. would have better luck on hi
trip South than he did 4 year ago, Whei
he vent 10 p1nebufEt ~ play golf an
found the Inks covered with foo
| of siiOW.
Wsce II. Cooper. president of tn
Continental Trust 60. and Unite
States s;aYings Bank, is planning two
week vacation in the South.
W J. Waller js another local banks
VINO will attend thG institute banquet i
Hew YORK Miss L0is III. White AN
Miss Catherine Efleg viii also b
among the guests.
Other Financial Notes.