Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-27

IN 1871. ~
In its statement 49, S$
for December the ~ s;
traction company ssss$
reported a net re-
turn for the month wiIior HIM
OF $57,33922, in
comparison with a net income in De-
cember, 1927, of S93, 1888 December
revenue passengers numbered 5,003,20S
against a total of 5,358,730 paying
fares during the same month in the
previous year.
Total operating revenues in Deem
Der, 1928, amounted to $3T5, 666.23
against $4l5,983.47 in the correspond
ing month in 1927. Expenses and
taxes took 1921 027.43 against $685.
1868 in the previous year. These de-
auctions left total operating income
of $84, 638.80 against the higher figure
in the previous December of about
$4,000.
PepcO 1923 Earnings, SS,75S,632.
Net earnings of the Potomac Elec-
trio Power Co. reached $4159l8.13 in
December, a gain of $52,044.9l over
net income for the corresponding
month year ago, according to the
report of operations just filed with
the Public Utilities Commission.
ASA
the year to the high total of S3,753,-
63254, which marks an increase of
$7l5,470.69 over the net income for
1927.
Gross earnings from operations in
December we're reported at 1881 ,4l723,
as compared with S845,563.67 in the
same month of last year; and operat-
ing expenses were 1928, 539.73, as
against $685. ,42704 a year ago. Net
earnings from operations amounted to
1851, 877.50, an increase of $47,940.87.
The power company reported gross
earnings from operations aggregatlng
1885, 6802, which compares with So
53S,626.24 reported the year before.
Operating expenses for the year
amounted to $3,934, 503.24, an increase
over the $3,768 ,684.67 shown in 1927.
w. r.. g. L. Earnings Also Reported.
Earnings of the Washington Railway
g. Electric Co. for December totaled
$l06,456.08, a gain of $21 1912 over the
S65, 346.26 net income for the CORE
spending month in 1927. The report
fled with the Utilities Commission
shows that the December figures brought
net earnings for the year UP to $1,7lS,-
068.43, or a gain of $139,903.73 over
the total of 1873, 064.70 in the previous
year.
December operating income of the
Washington Railway & Electric Co..
was reported at $3.50, 353.07, an increase
of SIG ,299.60 over figures for December,
1927. Operating revenues reached $685.
1882, as against $517,742.45 a year
ago, and operating expenses and taxes
amounted to S355,54585. which COM
pares with 1886, 633.98 in the same
month of 1927.
Total operating revenues for the IL
months ended December 81 reached
$685. 670.41, a decrease of $69,759.22
under the $5,865, 42963 reported for the
corresponding months of 1927. Oper-
ating income for the year amounted to
$1,062, 579.21, as compared with 81 ,047,-
S91.50 IN the year preceding.
Local Stocks End Week Steady.
Securities on the Washington Stock
Exchange ended the week steady in
moderate trading. Potomac Electric
Power 5l2 per cent preferred sold to
the extent of 20 shares at 108K, while
the per cent issue moved at 1121s.
Lanston was strong. 10 shares OPEN
ing at 1207s and "a more selling at
121. Federal-American Co. common
registered SIS and Is shares of Wash
ington Railway & Electric preferred sold
at 1914, and SO shares of National
Mortgage & Investment preferred came
out at 534.
Only one sale was recorded in the
bond division, a 81 900 transfer in City
& Suburban IS taking place at 90. The
unlisted stocks and bonds were called
as usual and only minor changes
noted.
President George o. Watson appointed
Thomas w. Brahany and E. j. Enrich
TO represent the exchange at the funeral
of John w. Brawner, to be held Mon
day at st. Margaret's Church Mr.
BraWn was a member of the exchange
Tor many years.
President of w. r. & E. Since 1918.
The reelection Of William F. Ham as
president OF the Washington Railway &
Electric Co. and of the Potomac Electric
Power Co. keeps an expert on public
utilities in the service of the two loca
companies. Mr.. Ham was first elected
10 the presidency in 1918, after having
held the position of controller, treasurer
and vice president, respectively. HI
came to Washington in 1899 from
Brooklyn, N. Y, where he was auditor
OF transportation system in that city
Mr.. Ham Is a native of Lewiston
Me, and graduate of Bates College
His earliest business connection wa.
with life insurance company, later be.
coming salesman for steel rails anc
other railroad supplies. In spite of the
busy business life which he now leads
he finds time to belong to several i'm.
portant clubs, among them being tht
Metropolitan, Chevy Chase. Congress
sional Country, Rotary and Blue Ridg,
Rod and Gun Club. Mr.. Ham is alst
a member of the Sons of the American
Revolution and Of the Mayfiower So
ciety.
Local Bank to Have New Home.
The International Bank, now locates
on Fifteenth street. will move into it
new home in the recently completes
building of the Brookings Institute, a
16 Jackson place, in few days an
open for business there ON Friday Feb
ruary /. This marks the second chang
since the establishment of the bank il
1919, when the organization headquar
ters were opened in the McLachlel
were moved to 807 Fifteenth street i
the Southern Building
The growth of the institution necessi
tated larger quarters, and arrangement
were contaminated by which the groun
floor and mezZanine were taken over o
a long-term lease. The general deSig
of the exterior is Florentine in treat
ment, and the massive entrance is sug
gestive of the best Italian architecture
The building was erected under I'll
supervision Of Waddy B. Wood, who hi
established his headquarters in tn
building.
The new quarters will have amp
space to provide for the recently estat
lished departments, including the re-
estate exchange and insurance denar