The Washington times., 1930-02-28
Sd. c. utilities
SHOW GAINS;
ONE LOSES

Four local companies filed their
january reports with the Public
Utilities Commission yesterday.
They are: The Potomac Electric
Power Company, the Washington
Railway and Electric Company,
the Washington Gas Light Com
pany and the Georgetown Gas
Light Company.
Total net earnings Of the Po-
tomac Electric Power Company
for the month amounted to $434,-
207.82. This is a gain of $751;
757,44 over January of last year
when net earnings were reported
Of $402, ,450.38,
The net income Of the Wash
ington Railway and Electric Com
pany as reported was $49, ,371 IS
for January as compared with o
net Of $28, 8,30O.64 for the same
month last year. A change In
the method Of accounting which
had just gone into effect meant an
increase in the net income Of
; over $4,000.
Total net earnings Of the
, washington Gas Light Company
Tor the month were given as $685.
: 423.09 as against SOS, ,847.80 for
the same period last year.
The Georgetown Gas Light
Company reported a net income
of $20,69S.80 for January as
against $16,404.97 for the same
month last year.
Operating revenues of the Po-
tcmac FL, ctric Power Company for
the month were $967 ,555 80, com.
pared with 500, ,026.79 a year ago,
an increase of SCI, ,529.11. Reve.
nue. deductions totaled $46e,
e13.24, against $436, ,721 SO in Jan.
uary. 1929, an increase Of
$32,891.56.
The company reported an In
crease in incorporating revenues
Of $28,637.55. Miscellaneous In
come for January amounted to
.$14,T52.28, in comparison with
$8Y663.08 last year, a gain Of
$6.089 20.
Gross corporate income stood at
S512, ,694.94, against $47T ,968.19 in
: the same month last year, gain
OF $34,726.75, while the usual other
deductions took $78, ,487. IL, against
$75,517.8l last year, q difference
CT $2,96931.
The Washington Railway and
Electric Company shows operating
revenues for January of $483 OCT 81
in comparison with the slightly
higher figure Of $484,878.46 in
January Of last year.
OperaSin expenses and taxes
required $402, ,498.47, compared
with $412,945.68 a year ago. Total
operating income amounted to
, $26,672.15, against $21,785.41 in
the same period in 1929.
Gross revenues, less operating
expenses and taxes, totaled $107,-
241.65, while this item last year
stood at 93,71819.
The Washington Gas Light Co.
report showed operating reve-
nues of $500, 1890, against $685.
O43.88 a year ago. Operating ex-
penses totaled $346, ,301.35 against
$3.50, 1926 in 1929.
Taxes were lower this year, be.
ing $26, ,449.97, compared with
$35, ,709 .85, leaving a total operat-
ing income, after all deductions.
Of $127, ,322.64, compared with
$154,20601 last year. Non-oper-
ating income totaled $1,666 SO,
compared with $1.906.72 in Janu-
ary, 1929.
The company's gross corporate
income reached $128,989 .16,
against $156,112.73 q year ago.
Total deductions this year were
$62,566.07, compared with $780,
264.93 last year.
Operating revenues Of tt e
Georgetown Gas Light Co. are
given as $104.203.79, compared
with 500, 9,725.99 a year ago. The
operating expenses were $74s
1886, in comparison with $73,-
l7137. Taxes were $5,l0i .0e.
against $5,435.13.
The company'S deductions from
operating revenues amounted to
$79,619.44, while this item a year
ago stood at $79, ,406 so, leaving
an operating net income of $24,-
584.35, compared with $20,319. 40.
The company's incorporating
income was practically the same,
and the gross income was re-
ported as $25.821.92, in compari.
son with $2I I,480.8l.
George 0. Schweinhaut, re-
Gently elected assistant treasurer
of The washington Loan and
Trust Company, has been detailed
to duty at the West End office
of the company beginning March
!.
He will be associated with
Charles H. Doing, vice president
in charge and James M. Mason,
assistant treasurer.
Local bankers are much inter.
ested in the talk to be made
at the luncheon Of the Washing.
ton Bond Club today by Eugene
Meyer former director of the
War Finance Corporation and
the War Industries Board. The
luncheon meeting will be held
at the Carlton Hotel.