Evening star., 1932-07-28
PEPCO NET INCOME
IS DOWN SLIGHTLY
Drop of Only S11,901.16
/ From Last Years Figures
Shown in First Half.
BY EDWARD C. STONE.


Power Co. for the first half of the
present year was reported to the
Public Utilities Commission today as
$2,313,39451.
This compares with $2,325, ,2s5.67 in
the first six months of 1881, or a
small decrease of 1l,901.l6. This ncO
in ,cme is considered highly gratifying
in the face of conditions during The
past six months the power company
apparently having completely ignored
the depression.
Operating revenues for the half
year were S5,577, ,353 so, compared with
$685., ,9o256 in the corresponding
period in 1881, an increase of S194,-
450,94. Revenue deductions called for
S2,S77, ,905.50, against $2,772,4l6.49, an
increase of $105, ,489.01.
Net operating revenues amounted to
$2,699.448. compared with S2,610, ,48607,
an increase of S88961.93 a year ago
Deductions from gross required s46J,-
321 So, in comparison with S446,8 $3.50
in the FIST halt of 1881, an increase
of S13.45513, leaving the above-men-
tion-d net income.
The Potomac Power Co.'S June financial
statement showed operating revenues CT
1915 6S5.84 against S674.557.45 in June
1891. a gain of Sl,l0639 Revenue de-
duntions in June totaled S460,443.l6
against s449, ,556.23 in the same month
last year. an increase of $1O,886.93.
Net operating revenues amounted to
S4l6222,68. compared with S425, ,OOl.22
in the like month a year ago, a decrease
of S977824 Miscellaneous income was
nearly $4,000, but gross income was
down over $4,000. After all other de-
auctions the power company had net
return for the month of $35l, ,l25.O9
against S373, 1854 % in June, 1881, a de-
crease Of $22,739.l4.
w. R. E. Reports Also Filed.
The Washington Railway & ELECTRIC
Co.'S reports for June ana the IlrS9 Llaia
wear were also filed with the Public
Utilities Commission today. AS usual,
these statements again reflected the
competition from taXicabS, as well as
from privately-owned automobiles.
The street car company reported
operating revenues in June OF $780,
6i1.45. against S4S4,021.77 in June
1881. Operating expenses and taxes
called for 44,290.88, compared with
S380,I39.40 in the same month last
year, leaving an income from operations
of SAL ,320.57, against $83,882.37 last
year.
the same as a year ago, while gross
totaled S66,24329 in comparison with
the higher figure of sos, 1928 last
year in June. After all deductions, net
income for the month stood at SILL
927.61, compared with $54,01428 in
June 1881, one of the months before
the low rate taxicabs began operations.
For the first half year Railway g.
Electric reported operating revenues of
CO 9QQ AA1 IA nnniact 60 T7T QQ1
operating expenses and taxes of S2,095,-
363l8, compared with S2,278,11859,
leaving an operating income of $685.
07T.95, in comparison with $499, 1876
a year ago.
Incorporating income during the six
months amounted to $685. ,200.8l,
against S920,924.39 a year ago. while
gross, less expenses and taxes, totaled
s1,273 ,278.76, compared with S1,42o-
687.55. Following all the other usual
deductions, the street car company re-
ported a net income of $949, ,20431, as
compared with s1,09OS1140 in the first
half OF 1881.
C. d P. Telephone Earnings Lower.
The Chesapeake g. Potomac Tele-
phone Co. reports net earnings for
June to the Public. Utilities Commis-
sion as $134,600, against $147,7o9 in
June a year ago.
Net telephone operating revenues of
the Chesapeake & Potomac Telephone
Co. for June showed a decrease of
S30,808, as compared with the same
month last year. Net telephone op-
Grating revenues for June were $222,-
Gil; for the same month last year
they were $253,4l9 Total operating
income for June was S155o59 as COM
pared with S192, 164 for the same
month in 1881, decrease Of $37,105.
Net telephone operating revenues for
the first six months of the year we're
decreased $95 625 as compared with the
same period in 1881. Net income was
S887,371, against $685. a decrease
OF only $2,436.
Total operating income for the six
months ending June 30 was Sl31 ,344
less than for the same period last year.
For the first six months of 1882, the
operating income was 81 003, 1888.
At the close of business June 80,
Washington was served by 180,825 tele-
phones, as compared with 172,474 at
the close Of the same period last year.
During the month, telephone users
made l9,723,000 calls.
TOday's Trading on Exchange.
Five 81 900 sales and one $4,000 sale
OOAAOOA4NA~NN~ ~
took place on the Washington Stock
Exchange today at 1929.
Several small sales of Washington
Gas IS, series B, were recorded at 1907
and a $1,000 transfer in Capital Trac-
tion SIS was registered at 40.
Made Executive Vice President.
Directors Of the Anacostia Bank
elected w. L. Koontz executive vice
president, at their monthly meeting
held late yesterday. Mr.. KoontZ re-
tains his duties as cashier. a position
which he has held long time. At the
same meeting the board elected Waldo
Young an assistant cashier.
Maurice Otterback, president of the
bank, who has been i'll for about three
weeks, was able to attend the meeting.
More June Railroad Reports.
The Virginia Railway reports June
operating revenues of $255, ,947 against
$4l3,l65 in June, 1881.
The Atlantic Coast Line reports a
deficit of SAT- ,745. against net profits
OF S3l0,0S6 year ago.
The Seaboard Air Line reports a