Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-24
W.R. &E. NET GAINS /
S1S,1O8 FOR June.
Electric Power Company Also
Reports Substantial Earn
ings Increase.
BY EDWARD C. STONE.

q
monthly statement just filed with the
Public Utilities Commission. The
Potomac Electric Power Co. also re-
ported very substantial gains in June
earnings in its report to the commission.
Operating revenues OF the Washing
ton Railway & Electric Co. in June
totaled s416.002.s6, against S412,055.l6
in June, 1880; operating expenses and
taxes totaled 1891, IL, compared with
S340. 027.28. leaving an operating income
of $84,2ll74 in comparison with the
lower figure of S72,027.S8 in June a
year ago The company had a nom
operating income in June of $24, l49.l9,
against $l9.996.45 a year ago.
For the first six months of the present
year. the street railway company took
in operating revenues amounting to
$2.477.975.49, against So .495 ,225.64 In
June 1880. Operating expenses and
taxes required 81 1896, 1921, against
S2,0ll.550.25 in the first SIX months
Of 1880.
Deduction of operating expenses and
taxes left an operating income OF
S491 1922 81. compared with $4S3,675.39.
To this was added non operating in
come of $9l8, 46207, compared with
$845, 1861 oil year ago. After all other
deductions, the corporation had total
net revenue for the half year amount
ing to 81, 082. 084 go, against S988,170.59,
or an increase in net so far this year
Of S93,9l40l.
Potomac Powers Net Jumps.
The Potomac Electric Power Co. re-
sorted to the Utilities Commission that
operating revenues in June totalled
$674,557.45 compared with $8l46l633,
gain of S59.74l.12. Revenue deductions
required S449,556.23 against $430,43l.l8,
Of
operating income 10" June of S42o,-
o01 % seainst 1884 ,335.l5, an increase
Of $40. 666.07.
The corpora ton reported an increase
of $6,407.97 in miscellaneous income
and a gain of $4707404 in gross COR
porate income. After all other deduc-
tons. the company had net income
of S3;3 S64.23 against $338.629.78. or an
increase of $35.235.45 over June, 1880.
The company's report for the Arst
half year shows fine net income for
the period but not quite up to last
wear. Operating revenues amounted to
1922 S02.56 compared with $5,2o3,-
1853, an increase of Sl29, 1858. Reve-
nue. deductions required SITE. 6.49
compared with 50 ,623, 773.38, differ
ence of S148. 643.11.
The power company reported nom
operating revenues of S2,6l0,4S6,07 COM
pared with S2,63o,00225 last wear,
decrease of over $4,000. Miscellaneous
income for the half year totaled $751;
$3.50 against S115,30 year ago, or
a gain of $46.368.1l. After ali deduc-
tions the company announcer net
income Of $2.325. 295.67 in comparison
with s2.337,559.3l in the first half OF
1880. a decrease in 1881 of $12,26364
Miller Control Orders Gain.
At a meeting of the board Of di-
rectorS Of the Miller Train Control Cor
poration. held in the company's wash
ineton office yesterday, H. B. Miller,
vice president and general manager, re-
ported very satisfactory business in the
sales of trafilators. the latest system for
operating and controlling traffic signal
lights. Mr.. Miller said:
THE increased demand for radiators
during the past few months has been
surprisingly great. Orders have recently
been received from washington, Balti-
more and Philadelphia, and also from
large number of smaller cities and
towns.
ARRANGEMENTS have Just been COM
pleted with a we'll known signal manu-
featuring company to put large force
of experienced statesmen to work at once
to sell radiators over a wide section OF
the United States and Canada. and this
Arrangement has already produced eX-
cellent results. Arrangements are in
progress with a representative on the
Pacific Coast for the sale OF traf1lators
in that section, particularly in Cali
fornia.
The highway department of the
State of Massachusetts, is asking for
bids on vehicular actuated devices and
will make installations on its own ac-
count and at its own expense. 1t is
believed that this is the first inS:alla-
ton of this character to be made under
State authorization"
The general manager also reported
that the traffic officials of New York
City have made an exhaustive lnSpcc-
ton of the trafi'ator and are prepar-
ing to make installations at an carly
date Lights will soon be installed at
Wisconsin and Massachusetts, avenues
in Washington.
w, b. & A. Survey Completed.
It was reported today from Baltimore
that holders of Baltimore & Annapolis
Short Line Railroad Co. first ) per cent
bonds have been informed by a pro-
tective committee that Sanderson d
Porter. engineers. had completed sur
yey of Washington. Baltimore IL An
napolis Electric Railway. now In re-
Ceivership Opinion was expressed that,
with present operation and continuation
OF present business conditions. revenues
of the electric railway for 1881 should
just about meet operating expenses and
taxes, leaving no margin for deprecla-
ton or return on investment.
The committee disclosed that the
Cleveland Trust Co, trustee for the W.,
B. g. A. IS had filed petition in the
United States District Court for Mary
land. claiming that stock OF the An
napolis g. Chesapeake Bay Power Co.
came under the mortgage indenture OF
IN q ta6 |
1911. TO the exclusion of the Short Line
bonds, dated August &. 1906.
Counsel for the Short Line Commit
tee is contesting this petition. The
court held that the w. B. & A. mort
gage only covered that property used
in connection with operation Of the W.,
B. & A. Railway, and not all property
Of every kind, as claimed by the petit
ton.
Capital Traction Ends Week at AZ.
Capital Traction stock wound up the
week on the Washington Stock Ex-
change today with a single sale OF 10
Potomac Electric Power 5ia per cent
preferred came out at 111.i4. so shares
Of Federal-American Co, common
changed hands at 81 and a small sale
of Lanston Monotype was recorded at
8s12.
Bonds were neglected the only sale
being $1,000 washington Railway &
Electric Is at 9l34. Washington Loan
q trust Co. stock has been added to
the list of local issues now quoted ex-
dividend.
Considerable interest is being mani
tested among holders OF local street
railway stocks i'll the progress OF the
taxicab price war, how much 1t VIII
affect street car traf1lc, how long II
will last and at what figures taxi rates
will finally be adjusted
The unlisted stocks were called off on