Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-26

36 in comparison
with s329,19323 year ago, an increase
of S11,435.13.
Net income from operations amounted
to S452, 373.65 compared with $4l3,373.-
50 or a gain of S3S, 999 .33. Miscellaneous
income was $19,285.23, gain OF
S32627 over last year. Gross earn
ings, less operating expenses amounted
to S471.65 in comparison with
S428.332 10 in June 1928, making an in
crease in gross of over $4,000.
Other deductions totaled $159,233.38
against deductions in June 1928 OF
Sl44.25409, a reduction in this item this
YEAR Of STA. e79.29. This left total net
income for June of $3l2, 425.50 COM
pared with S284.078.69 in June Of last
year, or the above mentioned gain Of
S28, 346.81.
Half Years Earnings Summarized.
Gross earnings of the Potomac Elec-
trio Power Co. for the first half OF
1929 amounted to $4969, 073.10. against
s4.686, 2356O in the same period a year
ago, or a gain of 1922, $3.50. Operat-
ing expenses totaled $2,016,537.59, COM
pared with s1.965,0O2.48 a year ago,
being heavier this year by $51,535.1l.
Net earnings from operations amount
ed to $2,952 1851, against $2,721,-
233.12 a year ago, an advance in the
half year of 1921 ,302.39. The COM
pany had a miscellaneous income Of
S85, 4o5.34, against $68,005.79 a year
ago. an increase of $17.399.55.
Gross income less operating expenses
amounted to S3,037 .940.85, in compare
son with $2,789,23891 last year. or
gain of S248,70 ga. After all the other
usual deductions, the power company
reported a net income for the half
year of $2,072 1853. against $780,
O5753, or an improvement in net in
1929 of 1922, 738.66.
Railway g. Electric Also Reports.
The June report of the Washington
Railway g. Electric Co. was made to the
Public Utilities Commission today,
showing decline in net earnings in
June, compared with June, 1928, but
gain in net for the first six months of
the present year.
The railway company reported oper-
ating revenues in June of $478,7 1925,
compared with S472,205.32 last year.
S415,0O5.45. against the lower figure in
June, 1923, of $500, 402.10. Total OPP
Grating income for the month was $685.
1850, against $78,80222 in June a
year ago.
The incorporating income item was
larger this year, being $24.30059
against $18,612.29. Gross income less
operating expenses and taxes was $685.
08749, compared with S97,415.5l in
June, 1928. Total net earnings for the
month amounted to S30.287.29 against
the higher figure last June of $50, 462 oil.
For the six-month period operating
revenues totaled $685., 725.79, against
$2,940, 90469. Operating expenses and
taxes totaled $2,440, $685., in COMPARE
son with $2,370,83050. Operating in
come for the half year amounted to
S515,02884, against the better showing
last year of $570.07419.
Incorporating income was $794,823 .85,
compared with $710,25854 a year ago.
Gross income less operating expenses
and taxes totaled $1,000 1926 COM
pared with $1,280,332.73. The usual
deductions from gross required S377,-
579.45, compared with 1888, 297.75 last
year, leaving net income for the first
half of 1929 of $932,27324 against the
lower figure last year of 1891 ,034.98.
North Americans Net Jumps.
Report of North American Co. and
subsidiaries, for IL months ended June
80, 1929, shows net income of SGT 1885,
1854 after taxes, interest, depreciation
and preferred dividends Of subsidiaries,
comparing with $21 ,728,231 in the pre-
ceding II months. The report says, net
profit for II months ended June 80,
1929, is equal to $5.O1 a share on aver
age number of common shares out
standing during the period. against
S4.35 share on average number of
common shares outstanding during the
preceding IL months.
Consolidated income account for IL
months ended June 80, 1929, compares
&c fOlInuc.