Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-26
UTILITY CONCERNS
SHOW GOOD GAINS
y. R. & E., Potomac Power
! and Gas Companies File
Their March Reports.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
The Washington Railway a. Electri
: }. showed a good gain in net earn
rs in March, compared with tn
me period year ago. according +
statement Just filed with the Publ
, >Iities Commission.
Operating revenues totaled 1921,
80, against $500. 770.31 year ago
Grating expenses and taxes amounted
$421,512.59, compared with $40S,
LOS in tie same month last year
wing an operating income OF $99,
Isl, in comparison with $94,l76.26.
Incorporating income amounted u
,,301.14, against $18, 725.40. while thu
nlpany had a total gross income, les
Grating expenses and taxes OF $l22,'
2.65. against $112,928.66 in March
20. Other deductions required $685.
l.31, compared with $64,944.34 lasI
ar. This left a total net income fol
: month of $56,9 6l.34. compared with
,e lower figure q year ago OF SAT-
ABB.
The statement for the first three
,onths of 1929 shows total operating
venues of $1,458, 1899, against ST.
5,108.9S last year. Operating ex-
>nses and taxes totaled $1,306, 050.25
impaired with $1,192, 854.09, leaving an
9erating income of $252,119.64, while
is income last year stood at $685.
74.89.
The corporation had a incorporating
come of 1896, $500, against $685.
3.94. and the gross income less
Grating expenses and taxes reached
sum of $649,076.44. compared with
37,283.83 last year. Other deductions
1uired $196. 54023. compared with
95.O33.56. This left a total net iE-
ne for the three-month period OF
72,536.21, in comparison with $442,-
127 last year.
Pepco Earnings Show Big Gains.
The March statement of the Potomac
-tric Power Co. just filed with the
bic Utilities Commission shows a
al net income for the month of
"a. 9oS.4T. compared with $306, 31412,
. an increase of $64,684.35.
Gross earnings from operations for
~ch amounted to 1886, 1861, while
oar ago they were $791, 10268, a gain
, March 1929 of $65,334.13. Gross
Eating expenses were 1894, 463 02,
: inst 1898, l30.50 last year, an 'ex-
ne cut of $4,667 40. Net earnings
m operations amounted to $52l,-
= 70, against $451 ,972.l8, gain here
s7o,001.61.
Cross earnings less operating ex-
lses totaled $534,539.83, against
a2.733.45 a year ago, an increase in
--o7s of ST., SO6.38. Other deductions
m income amounted to $163, SAL SO,
impaired with $l56,419.33 a year ago,
4 difference of $7,l22.03, and leaving
above mentioned total gain in net
over S64,500.
Cross earnings for the first three
nths of the present year totaled
: j71.256.51, compared with $2,417,-
81 a wear ago. an increase of $751;
so. Gross operating expenses re-
red 1897, 1851, against 1895, 039. 10,
years expenses being higher by
S17.56.
deduction of operating expenses
pes net earnings from this source OF
573.51o.8O, against 81 ,422, 695.76, an
Ter gain amounting to $50, 824.04.
Il, deduction Of all other expenses for
quarter leaves total net income OF
ii6.262Il. in comparison with net
-
: 5.ST7.l4, or an increase In net earn
- so far this year amounting 10
=, 364.97,
Gas Companies Report Earnings.
--he washington Gas Light Co. and
GEORGETOWN Gas Light Co. have
fled their March earnings reports
L the Utilities Commission.
80 nnPNnVafA fnROF1nA nj
orgetown Gas Light Co. for the
nth. $iO.459.e3, was a decrease Of
<92.47. compared with March, 1928,
first quarter total of $43, 687 Is
--esents gain of $2,720-50 over the
responding period year ago.
.et income of Washington Gas Light
!. amounting to $50, 105.s8, was a de-
ne Of S6,104.o5. compared with the
ne month last year. The initial
aTterly total of $288,379.81, however,
9ws an increase of $33 ,974.58 for the
me period Of 1928.
Trading Quiet on Exchange. s
Bond transactions and transfers in
leral-American National Bank stock
trading on the Washington Stock
change today. There was a turn
sr OF As shares of Federal
335h. Commercial National was the
other bank stock out, moving at
).
Washington Railway & Electric pre-
red sold at 97l2. Columbia Sand &
avel preferred opened at 917s. adj
need to 90 and closed at 9134. after a
share turnover. District National
ocurities Co. preferred moved at 101
i small lot Of Peoples Drug Stores
ferred brought 1854.
washington Gas. selling ex-diyidend,
lred In two l0-share sales, one at
~ and the other at 1868. In the
d division Washington Gas SIS sold at
IA and Capital Traction SIS at 99l2.
Economist Heads Corporation.
Toner B. Vanderblue, director of the
nomic service of the Harvard Eco
mic Society and professor OF business
Monies at Harvard University, has
n elected vice president of Tri-Con-
entail Corporation. Organized under
sponsorship of J. g. w. Seligman &
e, Tri-Continental is one of the larg-
investment corporations in the coun-
with resources in excess OF $50,
'sVeV. bcBHllAib july j, MAJ. van
blue will devote his entire time to
affairs Of the corporation.
IT. Vanderblue is widely known as an
ononiSt and as an authority on the
ney market and business conditions
Weekly Letter and Quarterly Bust
s Review Of the Harvard Economic
e.ety. prepared under his direction. are
My regarded by banking and indus
Il leaders not only in the United
ties, but also abroad
Hr Vanderblue is director of tht
.nbridge Trust Co. and has written
raj books.
Heard I'm Financial District.
resident Maurice Otterback Of the
acostia Bank is spending a short
cation at Atlantic City.
he District Bankers Association
DIS one Of the most important meet
5 Of the year this afternoon, begin.
g O'Clock at bankers head
7rters.
The Pennsylvania Railroads Marcel
operating income of Sl0,737. 400 L
~ G QaO AGE quar- tk,a N.a