Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-26

earnings from operations, the utility
company reported net earnings from
operations reaching the sum Of $402,-
l6O.80, compared with $3.50, 1920 last
year in August, an increase OF $37,-
371 go. All other deductions left the
aforementioned increase in net income
of more than $4,000.
The corporation also reported for the
first eight months of the present year.
Gross earnings from operations amount
ed to $6473, 803.44, in comparison with
$6,105,42 during the same period
a year ago. an advance So far this year
of $368.37502.
GENERATING expenses totaled $2705,-
28425 against $2,617 .38l9 so. gain in
the eight-month period of $87,902 80.
Net from operations amounted to
$3,76S5l917 against $3,488 046.49 last
$3.50 472.7O.
After all other deductions the
Potomac Power Co. reported net in
come for the eight months OF $2,61S,-
1877. compared with net income
year ago of $2,368 ,27867 or an in
crease in earnings during 1929 OF
$250,5l4.50.
w. r. & E. Reports Net Gains.
The Washington Railway IL Electric
Co. reported to the Public Utilities
Commission today gain of $43,653.23
In net income in the month Of August.
Total operating revenues In August
were S442,431 SO against $434, 286.31 a
year ago. Operating expenses and taxes
totaled $39l,7 1877 09 In comparison with
1886, 1892.
Net income from operations amounted
to S50,644.14 compared with $47,806.39
in August, 1928. Incorporating income
reached $3.50, 860.72, against 1920, 32253
in the rOrreSn0ndip0 month last wear.
After all the usual deductions the COM
pany reported a net income OF $346,-
1928, compared with $303,099.65 a
year ago.
For the first eight months of 1929
the street railway company reported
total operating revenues of $3,865, O59 SO
compared with 1885, 697.99 last year.
Operating expenses and taxes amounted
to 1925, 679.99 against $3,l6l ,089.32 in
the same period in 1928.
Deduction Of expenses and taxes left
operating net earnings Of $629, 1873. 68
against the higher figure last year of
1914, 608.67. Following the addition of
the company'S incorporating income
and the usual other subtractions, the
company reported a final net income
for the eight months of 81 sos. 954.55
against $1,204,582.36 for the same
eight months last year.
Bank Holds Annual Meeting.
The stockholders of the Bank of
Commerce & Savings held their annual
meeting this noon in Alexandria, the
Seventh street institution operating
under a Virginia charter. President
Maurice D. Rosenberg presided at the
meeting, which was well attended. The
following directors were reelected:
Maurice D. Rosenberg, Joseph Sand
ers, W. A. Bennett, Irwin Owings, John
M. Riordon Joseph H. Milans, Clarence
A. Weaver Alexander Wolf. Louis Bush,
A. Brylawski, J. z. Collifower. p; T.
Chewing, Floyd E. Davis, r. L. Elliott,
c. E. Edwards. A. S. Galley, G. A.
Kneesi. Sol. Lansburgh. NJ. A. Leese,
Harry E. Mayer, r. Maury, Vernon
c. Owen and Ellie SheetZ
John M. Riordon, the executive vice
president, reported that the bank had
enjoyed an exceptionally good business
year The election Of officers will take
place at the next regular meeting.
C. & p. Telephone Net Income Up.
Net income for the Chesapeake &
Potomac Telephone Co. for August was
$98,139, against $94.388 in August, last
year. according to the monthly state
ment filed with the Public Utilities
Commission. Net income for the first
eight months Of the present year, how
ever, is below the total Tor the same
period in 1928.
Net operating revenues in August
amounted to S169302, in comparison
with $162,171 in the same period last
year Taxes were slightly heavier. but
were Offset by a large operating in
come and a larger incorporating in
come. Gross income was also well
ahead of the same month in 1928.
Comparisons in earnings for the first
eight months Of the present year with
follows:
months months
this year. last year.