Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-27
POWER FIRM NET
Il INCOME DECLINES
, Decrease of $56,O36 Re-
'FpOrted for First Ten Months
= of Present Year.
e BY EDWARD C. STONE.

r--''-0 BY EDWARD C. STONE.
B Total net income. Of the Potomac
!, months of the present year was report
Il ed today to the Public Utilities Com
Il mission as $3,760,580.9 SO. against So
Il T56,617.47, a decrease of $56, 036.54, but
q a very substantial amount in spite OF
I lower business activity
: For the 10 months the power COM
Z pany reported operating revenues OF
So, 8S7, 638.79, against So, 62l ,734.1l, an
increase of $685., 904.68 over the like
period last year. Operating revenue
deductions called for $4,640, 219.44 COM
pared with $4,422, 1892 a year ago,
an increase in expenses of $217, 1924
These deductions left net operating
revenues of $4s247,419.S5, compared
with $4,199,05091 last year, gain OF
$48, 1858 "A. The power company's mis-
cellaneous income of $2l5,497.65 COM
pared with 1921, 35442 in the same Pc
riod year ago, or falling off of $21,-
856.77. Gross income, however more
than Offset this decrease, standing at
S4.462, 917, in comparison with $4,436,-
405.33, an increase of $26.511.67. De-
auctions from gross totaled 1852, 336.07,
against $679, 1877. Sc in the like period a
/. year ago, saving of $82,548.21.
OcLODeT net Also A1nOuHCeus
The Potomac Power monthly report
showed operating revenues in october
as $9l6,473.86, against 1907 ,29812 In
october, 1880, an increase of over So
O00 Revenue deductions totaled S4l9,-
1888, against S4G7.139.25, an increase
in expenses of $24 240.28.
Z Operating revenues totaned S425,-
|. 094.33 against $40, 1887 in the like
month in 1890, a decrease of $15,064 54
1 After all other deductions from the
q months gross income, the power con-
Germ reported net income of $685.
1871 in comparison with 1899 27118,
IA decrease of $40, 39807. incidentally,
THE October figures are the chief reason
for the falling of in earnings for the
10-month period above noted.
w. r. g. e. Net Shows Slump.
Net earnings of the Washington Rail
way g. Electric Co., filed with the Pub
lie Utilities Commission today totalled
$50, al 81 in October, against $50,632.25
in the like month a year ago, decrease
of $14,690.94. Keen taxicab competition
Was.again the chief reason for the lower
figures.
Operating revenues in October to-
tailed $437 ,877.77 against $496, 1904 in
october, 1880. Operating expenses and
taxes totalled 1878 80 compared with
S411 1854, leaving q net operating in
come Of $64,928.45 as against $84, 50470
b year ago.
Non operating income totalled $25,-
1882 compared with $22 ,001 83, max
ing the street car con1panys gross in
come $90,357.27 against $106,506.53 in
kte comparable month year ago.
Ten Months Earnings Reported.
The Washington Railway & Electric
Go. reported ten months operating reve-
aa1es as 81 ,444 049.11, compared with
S4,5S7, 5T6.32 last year, while operating
expenses and taxes required $3,746,-
378.18, against S., 908 583 80 at the same
time last year. This item left an operat-
ing income of $697 ,670.93 to be COM
pared with $678,99293. .
: The street railway company reported
q larger incorporating income, 1,410,-
b51 80, being compared with $1,297,-
5l0.31 a year ago. After the deduction
Of expenses and taxes, and the usual
deductions from gross income, the COM
paty reported net profits of $1,562,-
454.68 for the 10. months, against ST.
410,589s84 in the like 1890 period, a
gain so far this year of S151 1854 "a
The figures show that the non-oper-
Ating income saved the day for the
company by more than making up Cor
the tremendous dent that the low rate
9axicabs are putting in street car travel.
b. & o. Earnings Also Reported.
The Baltimore & Ohio Railroad to-
day reported net railway operating
income in October of $3,122 1894, against
$4,48o, 707 in October, 1880, a decrease
Of $1,357,713.
Inc B. g. o. also reported net rail-
way operating income for the first 10
months of 1881, as $23, 339,713 in COM
parison with $S4,801, 539 in the like
period OF last year, decrease in net
earnings of Sill ,46l 1926.
So far this year the big railroad has
hauled freight enough to return S1l4,-
114,s42, against freight revenues a year
ago of $150,023, 1923, a falling of from
this source of S35,908,285.
Weather Vital Trade Factor.
| The Federal Reserve Bank of Rich
1lond reported today that the warm
weather in October was quite unfavor-
able to retail trade, so much so that
department store sales did not increase
as much as in most years. october re-
. tail trade in Washington was off Sc
per cent, but trade in the Capital for
the first nine months of the year was
.03 per cent ahead of last year
Trade for the whole fifth district in
the first three quarters of 1881 was off
. 11.6 per cent, according to the reports
from "a department stores.
In october department store sales
were off Is per cent in Richmond. IA
, in Baltimore and 1875 per cent in a
group OF other cities.
! Ko0ntz Elected Bank Director.
w. l.. Koontz, cashier of the Ana
costa Bank, has been elected to the
Board of Directors, succeeding the late
James E. Toner. Mr.. Koontz went to
work for the AnacoStia Bank on Decem-
Der. 5, 1917, starting as messenger He
was elected to his present position Nav
IA, 1925. The new director is treasurer
of the Petroleum Products Corporation.
president OF the KoontZ service station
in Anacostia, and a native of that Sec
ton of Washington.
Traction Sells at New Low.
Two 10o-share lots of Capital Trac-
ton Co. stock sold on the Washington
Stock Exchange today at 81, a new
low for this issue.
The market opened after the holi-
day with $4,000 Washington Gas SIS
selling at par. Later $4,000 Washing
ton Gas IS, series A, came out at 1904
while a small turnover in the series B
bonds was recorded at 1902
There was a sale of Sc shares of
Norfolk q Washington Steamboat Co.
stock at 100, Potomac Electric 5i5 per
cent preferred moved ex-dividend in
small lots at 1868 and 10 shares of
Washington Railway & Electric
changed hands at ga.
DlICTMrcc IM HANNAH