Evening star., 1931-12-23

S'o'OOf' %oo' % IL 1|Q4A ~
comparison with
S3,708 SOC SO in the Fp Harmon Ir
comparable period
IN 1880, leaving a total operating IN
come of Sl,7487l688 compared with
S1,385 OIL Al last year
Incorporating income totaled S1.77O.-
0lT50. against 81 Sl4l035578 up to De-
cembcr /, in 1880. Bond interest and
miscellaneous deductions took away
$74T5l3 90, against the lower figure a
year ago of S675, ,25683, leaving the
above mentioned high net earnings
from all suorCeS for the year to date.
November Net Up S4O,S9524.
Washington Gas Light earnings for
November have also been reported to
the commission, operating revenues
amounting to $5l4,77365 compared
with S5l6,T46.09 in November. 1880.
Operating expenses were S3O8 249.79,
against S359,30466 year ago, while
taxes required S3l99927, in compari-
son with S27987l6 last year.
These deductions and the uncolect-
able bills left the gas company with an
operating income of Sl72 64075, against
Sl2T,754 OF. Incorporating income
added S6,7l488. against S35568l in
November 1880.
Bond interest and all other deduc-
tons required S70,207.84 against S63,-
05833, leaving a total'net income for
the month Of Sl09.l4779. compared
with the much lower figure last year of
S682 So. or an increase in November,
1881, Of S40895,24.
PepcO Earnings Also Reported.
The Potomac Electric Power Co. has
also fled its November earnings state
mCnt with the Public Utilities Commits
sion. This company also shows Spen-
Old earnings in spite Of business condi-
tiCnS, although the November net in
come and the returns for the IL months
are not up to last year.
Operating revenues for November to-
tailed S939,2l734, against S927699
IN November, 1880, gain Of Sl1.5l7.55.
Operating revenue deducations totaled
St64 l0042 against S457,58279, an in
crease OF SG,5l763.
Net revenues from operations totale.!
StT5,ll6 81 compared with S470.1I7.
gain Of S499992 The power company
lCpo-tcd g-Oss revenues for the month
amounting to $3.50 632 %, against s5O1,-
2J9 60, a falling of of S20.65T74.
Deductions from gross took S79,-
5968I, compared with S69244l0, a
saving OF SlO.35477. This left a net
income for November in the sum of
. VI rNOO'fI III AbIIl Bdi 4NOIl w klI S1OSi
O459Z, decrease of S3l. 012.5l.
Earnings for IL Months.
The power cOmpanys earnings for II
months showed operating revenues Of
'$3.Gl6,856l3. against 50 549 433 90 in
the like 1880 period, an increase of
S27I422.23.
Revenue deductions called for s5,l04,-
319.6G, compared with 81 $50 599 a
year ago, an increase in this item of
$22f.053.G7 Net operating revenues
totalcd S4,722 ,536.27, against S4,669,-
1871, an increase of S53,36836.
Miscellaneous income returned S221,-
013.O1. compared with S268 52744,
drop of $47,514.43. Gross corporate in
come in the II months totaled S4,943,-
549,28. While last year this figure stood
at S4,937, ,695.3o, gain this year of
$585393
Deductions from gross amounted to
S84l 93494, against S749,03l 90 in the
luke period last year an increase of
S92 902 90 This left a total net income
to December l of this year of $4,-
10l l,6l434 in comparison with S4,188,-
66339 last year, or slump of
$87,04905.
Harmon Made Branch Manager.
Frank P. Harmon, jr., one of the vice
presidents of the Federal Ma
tional Bank & Trust Co, has been
placed in charge of the branch Office at
Fifteenth and H streets northwest. by
President John Poole. Mr. Harmon
fills the vacancy caused by the election
OF Rolfe E. Boiling to the presidency of
the Liberty National Bank.
Mr.. Harmon has been very active in
the bank located in the Southern Build
ing and has had l9 years banking eX-
perience in this city. He started his
career as runner with the Commercial
National when his father the late
Frank P. Harmon. was its president. He
advanced to the position of head book
keeper and in 1920 became cashier of |
the Merchants Bank, later being made |
treasurer of the Merchants Bank &
Trust Co, when it was organized in |
1922.
He was elected vice president of the |
Merchants in 1923. served for several |
years under the presidency of Peter A. |
Drury and since then with Mr.. Boiling. |
Ihe Merchants was merged with the |
Federal-AmerlCan on November !, 1880. |
and Mr.. Harmon was elected a vice |
president IN the consolidated bank at |
that time.
Already thoroughly acquainted with |
the patrons of the Office, he is taking |
charge Of the Federal'S most important |
branch. In announcing his selection, |
MI Poole stated that the Federal had |
enjoyed an excellent years business.
Today's Trading on Exchange.
The Washington Stock Exchange |
opened today with sc shares of National |
Mortgage & Investment preferred SELL |
ing at 81.
The first bond sale was $500 Columbia |
Country Club 5l2s, changing hands at |
lO0l ,, the same figure at which all re- |
cent sales have been recorded.
Washington Gas IS, series A, came |
out in one 81. 900 sale at 100ls, prac-
tically unchanged from recent sales.
The closing sale in today's session was !
10 shares OF Lanston Monotype at IS.
The East Washington Savings Bank !
has been added to the list of stocks now
being without the coming dividend The |
Norfolk & Washington Steamboat Co. |
directors have also recently declared the |
usual dividend due at this time.