Evening star., 1929-06-27

parison with S327,-
c02.72 a year ago, #
wing net earn sSsas---s
ings from opera Edw st.,,w.r.r.
ton of S459, ,529.07,
compared with S430. .53239 a year ago
AS gross earnings showed a gain this
year in May of $50. 0.379.08, the net from
operations also showed an advance of
S23, 1868. Gross earnings less operat-
ing expenses amounted to S476,804.3 .35
in comparison with SAP, 1863 in May,
1928. an increase of S34,618.06. After
all other deductions total net income
for the month amounted to 1919 ,359.34,
against $2937l393, an increase, as
noted above, of more than $4,000.
The Potomac Power Co.'S gross earn
ings for the first five months of the
present year reached S4,176,071 90, COM
pared with $3.943,668.55, an increase of
S232 .402.54. Operating expenses requir-
ed $1,675.9 .90923 in comparison with
S1,635 80925 in the corresponding period
in 1928, reduction in operating costs
of S40,o9998.
Net earnings from operations during
the period amounted to S2,500.1 161 .86
against So 2.307.859.30, an increase this
year of S192, ,302.56. Miscellaneous in
come totaled the sum of $66 120.11, COM
pared with S53,046.83 in 1928, gain of
S13,073.28, leaving after all other re-
0uNbAOl1o q botctl IlGG lIlCOltlG 1OI LIlE live
months of 1,760, ,369.69 in comparison
with the same periods total year ago
of S1,565, ,978.84.
w. r. G. e. Earnings Reveal Gains.
The Washington Railway a. Electric
Co.'S statement filed with the Public
Utilities Commission reveals increases
in net earnings in May compared with
the same month year ago and also for
The first five Y11nrafIc nF =
with the corresponding 1923 period.
Operating revenues for May, 1929,
totaled S512,693.46. compared with
$503,081 90. Operating expenses and
taxes required S4I6,17856, against
$395,92005 in May, 1928. Operating
income after the deduction of the above
operating expenses amounted to $685.
ago of S107, 1857.
incorporating income amounted to
$351,40212 compared with S3l8,31316
a year ago, and the ocmpany's total
gross income reached S447,9l702. Last
year this item was S425, ,47473. The
usual deductions left total net in
come for May of $389, ,302 .95, against
$3.50, ,s83.43 in May, 1928, an increase
in the recent month of $2S4l9.52.
The five months figures show total
operating revenues of S2,476, ,933.4 "A COM
pared with $2,468, ,699.37. Operating ex-
penses required S2,025, ,691.50, against
S1,977, ,42s.40 year ago. Operating in
come totalled $451 ,241.94, in compari-
son with $491, ,270.97 in the first five
months of 1928.
The company had a incorporating
income of $770,53226 against S69l,-
646.25. Gross income less operating ex-
penses and taxes reached the sum of
Sl,221, 1920, compared with $1,182,-
917.22. The usual deductions from
-
344.25 last year, leaving a total net
income for the five months of $9o1,-
985.85, in comparison with 1888 572 81
a year ago. or gain so far this year
of 43,412.88.
New High for Washington Gas.
Twenty shares of Washington Gas
Light stock sold on the local stock ex-
change today at 1857, a new all-time
high mark in this issue. The market
closed with l24l2 bid and 126 asked.
Prices remained strong in moderate
trading in other issues. Capital Traction
selling ex dividend at 925s. Washington
Railway 81 Electric preferred at 96,
Federal-American Bank at 332 Mer-
chants Transfer & Storage common at
120 and Mergenthaler at los, ex
dividend
Potomac Power 512 per cent preferred
came out 107. and 800 shares of Ma
tlonal Mortgage 6S Investment preferred
registered Az. Bond trading was rather
light at firm prices.
Banker Leaves for Maine Resort.
Edward j. Stellwagen, president of
the Union Trust Co.. leaves Washington
tomorrow for the Poland Springs House
at Poland Springs, Me. Mr.. Stellwagen
has been a regular Summer visitor at
the Maine resort, for more than 40
years. He has been we'll acquainted
with four generations of the Rocker
family, one of the most famous fam
lies Of hotel keepers in America.
John B. Larner, president of the
Washington Loan & Trust Co., left
yesterday for a vacation at his country
home near Mifflentown, Pa. Harry G.
Meem, vice president of the trust COM
pany. is in charge during Larner's abb
sence
william P. Folger, chief national
bank examiner of TIE fifth district,
was a guest of the local bankers at the
weekly luncheon yesterday. He is 1eav-
ing Washington to become executive
vice president of the Norfolk National
Bank of Commerce & Trust.
Edward L. Hillyer, vice president of
the Union Trust Co., leaves for Maine
tomorrow. where he will pass the SUM
mer at Northeast Harbor, near Bar
Harbor. Mr.. HilIyer has nearly recov-
cred from his long illness.
Eliot Wadsworth, former Assistant
Secretary of the Treasury, is to be
added to the directorate of Stone g.
Webster, and, after 40 years of private
ownership. a big public offering of the
stock is soon to be made.
Eliot H. Thomson of the Washington
Loan g. Trust Co. is taking his yaca-
ton, being on motor trip through New
England.
More Local Bank Dividends.
The directors of the Security Savings
& Commercial Bank have declared the
regular quarterly dividend of 4 per cent
payable June 80 to stock of record
June 26..
The Washington Savings Bank has
declared the usual semi-annual dividend
of 3 per cent, payable on July /, 10
stockholders June %.
The Virginia Railways May net was
UP Cd per cent and for the first five
months of the present year showed q
"a per cent advance over year ago.
Store Chain Expands.
RJErN WORK. Tune % fHl -Adyfees