Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-24
n. R. & T. HAS NET
GA|NDUR|NG MARCH
Potomac Electric Power Co.
Also Reports Larger Earn
ingS for Month.
BY EDWARD C. STONE.

Net income of the Washington Rail-
way & Electric Co. in March, reported
today to the Public Utilities Commission
showed a gain Of over $4,000 over the
same period in 1880.
Operating revenues totaled $685.
632,3O. against S473 ,926.39 in March,
1880, while operating expenses required
1888, 1888, in comparison with $780,
688 %, a year ago, leaving an operating
income of $83,5l8.37, against S84,238l6
last year.
Incorporating income last month
amounted to $24,252.96, compared with
$21,596S6 in March, 1880. Deductions
from gross totaled $50, 7Z2.66, against
$59,19114 a year ago.
After all deductions, total net income
amounted to S53,04867, compared with
$46,643.8S in March, 1880, a gain OF
$6,404.79.
Three Months Report Filed.
The statement for the first three
months of 1881 was also filed by the
street railway company, operating rev.
eniles being $1,369 ,22947, compared
with 1897, 41483 in the same period
last year. Operating expenses and taxes
took away S1138,412.8 in comparison
with S1,t47 1892 in March. 1880.
Deduction of expenses and taxes left
an operating income of $3.50, 8l6.64, as
compared with $3.50, 026.9l last year.
operating income for the three
months amounted to s459, 1885,
against S428, 560.14 year ago.
After all deductions the first quarter
net income amounted to S523,076.30,
compared with 5000 ,6723l in the CORE
spending period in 1880.
Pepco's March Net Also Higher.
The Potomac Electric Power Co. also
filed its monthly report with the Utll-
tiles Commission today, showing gains
over March, 1890. Operating revenues
reached the sum of $90l, 710.8e, against
S85s, 205 IS in March, 1880, an increase
of S43, 505.04.
Revenue deductions totaled $685.
6O923, against $432, 222.90 last year,
also a higher figure by $34 1868. Non
operating revenues totaled $435, 1O1.6
against S425, 1872 95 in March, 1880,
gain of S9,11871.
After all the usual deduction the Po-
tomac Power Co. reported net income
for the month of 1890 ,560.73, in COM
parison with 1915, 436.23 in the same
month a year ago, an, increase OF
$14,124.50. Cs45 ss..
The Potomac Electric Power Co. also
filed its first quarter report, showing
gain of S12.490.55. At the same time
expenses increased by $88,687.69 over
the first quarter year ago. There was
also a falling off in incorporating In
come for the three months OF over
$4,000, while miscellaneous income In
creased over $4,000.
After all deductions total net income
amounted to $1,217,649.49 against
S1,269, 129.75 a year ago. or decrease
for the three months Of $5l ,48O.26.
Today's Trading on Exchange.
Bonds were in excellent demand on
the washington Stock Exchange today,
washington Gas Light and Washington
Railway g. Electric issues being favored
around recent price levels.
Capital Traction stock sold IN SINAI!
lots at 1894, Lanston Monotype moved
at 1887 and Mergenthaler Linotype
sold at 8012.
The only bank stock out was Ameri-
can Security 81 Trust Co. at 336. Peo-
pies Drug sold at 102, Carpet Corpora
ton at 24N and 241s and Federal
American Co. common at II.
Elected Columbia Director.
At the meeting of the board Of d.
rectors of the Columbia National Bank
held yesterday Andrew Saul, secretary
of the firm of B. F. Saul Co., was
elected a director of the bank to sue
coed his father, the late B. Francis
Saul.
The committee on standardized
forms. District Of Columbia Bankers
Association, at a meeting yesterday
voted to include in its annual report TO
the associations convention at HOT
springs. Va, in June, the New York
stock Exchange form Of assignment
along with two forms of certificate OF
authorization" to be used where q stock
certificate offered in pledge is registered
in the name of some party other than
the one offering 1t.
Decision to include these forms IN It's
annual report means that the com
1nittee. as indicated last week, has
recommended to the association that
the New York Stock Exchange form be
adopted. It is understood that the
Washington Stock Exchange will offer
no objection to the committees action
and in the event the association ap-
proves its recommendation in June this
Institution probably will take similar
action.
Bankers Nominate Officers.
Ofhcers for Washington Chapter,
American Institute Of Banking, were
nominated at a meeting last evening at
headquarters. Aubrey o. Dooley was
selected for the presidency. Delegates
TO the national convention at Pitts
burri1 were elected.