Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-27

SOu VIII II VoOt
435.3 in February, 1929
The corporation reported non-op-
Grating income of $380,291.l3, against
1858, 87025 year ago. Gross income
less operating expenses and taxes, To-
tailed $465, 5l0.3S, compared with Sass
30560 a year ago. Other usual oeduc-
lions from gross required $57, 853.50, as
compared with s6603l.37 in February,
1929, leaving the aforementioned gam
in net income.
For the first two months OF the pres
eut year the company reports operating
revenues of 1928, 488. A. in comparison
with $685. ,905.79 In the same period
last wear, and a net income OF $457,-
028.43, against $395,574.S7 IN February
1929.
Power COmpany's Earnings Up.
The Potomac Electric Power Co. also
made its February report to the PUBIC
Utilities Commission today, the figures
showing a net income of SASS, ABS 10,
against $342, 1926 a year ago, gain
of Sl15, 67244
Total operating revenues amounted to
1924 ,965.31, in comparison with $685.
1921. an advance Of $116,17240. Rev
enues reductions took S420, 40,
against S4Ol ,436.63 in the same period
last year. an increase of Si9,196.S2.
Incorporating revenues for the
month were S504, 1871 Sc, compared with
S4OT, 35628 in February, 1929, an in
crease of $96.9T5.88. Gross corporate
income for the month totaled $524.-
1906, in comparison with $4lS,549.8o,
an advance of sos .940.98.
The power corporation reported net
income for the first two months OF 1880
amounting to 1892, 485.70, against $745,-
263 "a, a gain Of STAT, 429.SS.
In connection with both the railway
and power company reports, 1t should
be stated that part of the substantial
increases in earnings reported so far
this year are due to change in ac-
counting requested by the Utilities Com
mission.
Potomac Electric Power Co. officials
also reported that ewing to the more
favorable weather in February this year
than last about two and one-f1fth more
DAYS or meter readings were included
In the latest report Ofilcials estimate
that this brought about an increase of
about $4,000 in the February, 1880,
revenues.
C. q p. Telephone Net Lower.
Telephone operating revenues for the
month of February we're $693.O73, with
operating expenses of $3.50, 1874, the re-
port of operations Of the Chesapeake a.
Potomac Telephone Co, to the Public
Utilities Commission of the District OF
Columbia shows. Net revenues after
deducting taxes and uncollectible were
$1i9,121. Net income was $88.033 COM
pared with SI36, 757 in February, 1929.
For the two months ending February
%, the company'S operating revenues
amounted to $1,415,051. Operating ex-
penses during this period were s1,05S,-
ITO, making net revenues after deduct
ing taxes and uncollectible, S259,877.
Gross additions to plant and equip
ment in the District of Columbia dur
ing February we're 1854, 1913. Retire
Yients during the month were 1885, 226,
making net additions $397.967. Net
additions to plant for the II months
ending February % were S3,852,746. A
net gain of 3o8 telephones was made
during February, making 160,0l3 in
service at the end Of the month.
b. & o. Revenues in slump.
The Baltimore a. Ohio today report
ed total net income from operations
IN February of $1,7892l0, against ST.
322.972 in the same month year ago,
o decrease Of $533,762.
Operating revenues amounted to $751;
O05, 1913 compared with $17,650,276 last
year, falling of of $l,644,903. Oper-
ating expenses were reduced, being $13,-
1892 against $14,10S,378 year ago.
While there was falling of in pas
senger traffic in February compared with
February, 1929, the largest decline was
in freight traffic. This was of more
than 81 900, 900 for the month. Express
business also showed considerable let
Up. The railroad company saved over
$4,000 in traffic operation.
For the first two months of the
present year the Baltimore g. Ohio net
railway operating income amounted to
5000 ,463 compared with $5,038,5S7 IN
February, 1929, a difference of 1898, 124.
Garrett Heads Ticker Club.
George A. Garrett, resident partner
Of r. b, Keech g. Co., was elected presi-
dent of the newly organized Ticker Club
of Washington at a meeting at the
Metropolitan Club late yesterday. A. O..
Father, one of the managers of the
local Office of G. NJ. P. Murphy &c Co.,
was named vice president, and Arthur
Foraker, local manager for Eastman,
Dillon & Co., was chosen secretary
treasurer. Frank j. F. Thiel, resident
partner of M j. Meehan 81 CO., and
Chester Lockwood of Hartman g. Co.,
with the above officers, constitute the
board Of governors.
Membership is confined to partners,
managers and assistant managers OF
New York Stock Exchange firms having
offices In Washington. The constitution
as adopted shows the club is mutual
cooperative and protective organiza-
ton. Fifteen of the II stock exchange
houses have Joined the club and the
other two have stated their intentions
of Joining at the next meeting. w. W.
Spaid acted as chairman at the organ
ization session yesterday.
Dividends and Other Notes.
At a meeting Of the board of directors
Co~ffVifu Qy M0rfOnn0 Co.
fhe quarterly dividend Of 2 per cent on
the preferred stock of the company was
declared, payable April TO stockholders
of record on March rs.
THE directors of the Anacostia Bank
declared the regular quarterly per cent
dividend at a meeting held late yester-
day. The dividend is payable on March
al to shareholders of record March 23
The Security Club presented "A LUCKY
Break" last night at the Langley Junior
High School before splendid audience
which included most of the trust COM
Inany,s officers. The play will be re-
heated tonight at the meeting of Wash
ington Chapter, A. I. B., at the same
place when so certificates and Is credit
cards will be awarded to institute stu
dents.
Exchange Trading Holds Up.
Both bonds and stock were In gooc
demand again To-Day on the WaSIlnS'
ton stock Exchange at firm prices. Rigs
National was the only bank stock out
10 shares selling at $50. Traction IS
Gas Issues and Railway g. Electric Al
led the bond transactions
James N. Russell, member Of thu
Kansas City Board of Trade and thu
Chicago Board Of Trade, was an ex
change visitor today and was grantet
he privilege Of the floor.