Evening star., 1932-12-29
PUBLIC UTILITIES
REPORT ON INCOME
Four D. c. Firms Submit
| Earnings Figures to Local
y Commission.
BY EDWARD c. STONE.

The hrSt II months OF the present
year the Potomac Electric Power Co.
reported a total net income OF S4,048,-
223.89 against 81, ,10l ,6l434 a decrease
Of S5339045.
Operating revenues for the period to-
tailed Sc. 988 748.22, compared with So
1926 G56I3, an increase Of Sl6l ,892,09.
Revenue reductions called for S5,233,-
37704 against S510431986, an increase
in expenses of S129,057.19, leaving net
operating revenues Of Of $ $4;s55 81 ,;lto :ls,
1881 period, or a gain OF S32 .o34.9l.
Miscellaneous income totaled Sl35,-
106 %, as compared with S221013.01
falling off of S85,82G.79, Gross corpo-
rate income totaled S4890, ,557 40, against
S4943.5 .54928, q drop of S52,99l.28. De-
auctions from gross called Tor S842.-
333 ST. compared with 941,934.94, diff
ference OF only $393.57.
The Potomac Power report Tor NO
vcmb-r showed operating revenues OF
SG21.GG962 against S939,2i7.34 in No
vem1ar. 1851, a decrease OF $7,8tT.52
Revenue deductions took S466, SO,
against S46410)42, an increase OF S4,-
647G9. leaving net operating revenues
Of 1852 G2114. compared with $40
1892. a drop of over $4,000.
EIiecellan20uS income W25 up So
$40. and grCss WAS S5,9l999, leaving
F.? total net for November after al de-
sJo.ions. OF S397 253O6, as against S40l,-
C534I, q decrease OF s2,T75-35.
Washington Gas Net Lower.
Total net operating revenues OF the
Washington Gas Light Co. for Novenl-
her amounted to S179.518. against S2o6;-
523 in November, 1881, revealing 1ail-
ing off of SGT COS, according TO the
mCnthlv statement filed with the Pubic
Utilities Commission today.
Operating expenses for the month
totaled S324,394. against S3O8 IN .l the
like period a year ago Expenses We're
Sl6lt5 lower and operating revenues
were SlO86O lower, amounting TO SoO5'-
o13. in comparison with operating reEe-
nurS in November lest year OF Sol4.I!5.
Taxes in November this year caHed
for S37ll2. against S31 500 year ago.
Urcc,lectible bills we're larger, leaving
an operating income o. $l37,82o'
against S172, $40. Incorporating income
decreased from SOFIA to ostlclt OF
SASH this year, leaving gross cor
porate income IN Noyenper OF SlS0'3i4, 3:I-.
con2pared with SI79,355 N the Ike
month q year age.
Af5er interest ana other charges, the
gas company rop3rted a total nec cor
pOraIc income Tor the month. before
dividends. Of S63.24l, in comparison
with SlC9147 in November 1881
The cas- company also reported earn
ires for the first II months OF the
proecnt wear. Net corporate income be-
slO22. .503 in the first II months OF
1881, a decrease Of SllO,3lO.
Gas operating revenues for the ii
months amounted to S5,32l,596. against
S5,4l2, $50 last year. Operating eX7
pense5 called for S3,333,735, compared
with S3.338.445 last year. leaving net
operating revenues of 81 987663, againEt
s2.074 sos in the like period of 1881
months compared with s3oa ,867. Non
operating income reached the sum of
st8533. against S2l.300. leaving a gross
c0rpcrate income Of S1,678.586, while
the same item last year totaled Sl,7O.-
OH. Interest and other charges TOOK
s766. .392. against ST47,513 in the same
period of 1881.
V.R G. E. Net Slightly Lower.
The Washington Railway e. Electric
Co. reported to the Utility Commission
today that net operating revenues in
November totaled S357,145.92, compared
With S4O7O8625; operating expenses
and taxes amounted to 1892, ,258.54,
against s349.188 865, leaving an operat-
ING income of S24,88738, against s57,-
89760.
incorporating income totaled Sab
o88.63. compared with S414,065.40.
Gross was almost the same as last year,
and deductions from gross were prac-
tically the same, leaving net income Tor
November of S414,10703, against S416,-
S95O5, drop of S4,768.03.
For the first II months OF the pres
ent year operating revenues were
q aOoiDst 81 SO1 13D U6
Operating expenses and taxes required
S3. 792. .78A68, against s4,O95, ,566.o3,
leaving an operating income Of $780,
1850 as compared with S755, 5,568.o3 III
the like period last year
Non-operating income totaled S1,943,-
292. AGAINST 1925, SIT. Gross income
was correspondingly lower. After all
other deductions, the railway company
reported net income for the II months
of 81. .7O9.813.18, against S1,98l ,349.74, a
decrease of S271, ,536.56.
Georgetown Gas Net Of.
Total net operating revenues OF the
Georgetown Gaslight Co. for November
amounted to S10,531. against S21 $50
in November. 1881. revealing falling
off of 11424 according to the monthly
statement. Operating expenses totaIed
$lO9C22. 'again.t S84GJ2 in the like
l.
licher. operating revenues were higher, |
amounting to S119,553 in comparison
with operating revenues in November
last year of Sl06.647.
Taxes in November this year, called
for S3.141. against S3,480 a year ago. !
UncolIectabIe bills were larger, leaving
an operating inc-m of S6,656, against
Sl608G Incorporating Income de-
creased from $1.816 year ago to Sl,561,
leaving a total gross corporate income
in November Ct So,238, compared with |
Sl9,9O2 in the like month a year ago.
After interest and other charges, the
ga1 company reported a total net cor
porate income for the month, before
dividends. cf S3691, in comparison with
d net corporate income of S15,341 in .
November. 1881.
The gas company also reported
earnings for the first II months OF the
present year. Net corporate income be-
fore dividends tOtaled S98,8 847, against
S124.3 1856. in the first Il months of 1881,
Il decrease Of s25,459. Gas operat-
ing revenues for the II months
amounted to Sl,l20,970, against S1,08l,-
1856 Operating expenses called for
S953, 500, compared with S688,014 last
year leaving net operating revenues of
Sl67,370. against Sl93,772 in the like
period of 1881. Taxes required S30,726
in the II months, compared with
2698.
Incorporating income reached the
sum of S17,659, against Sl7,759, leav-
ing gross corporate income of S148,-
943, while the same item last year
totalled S174,906. Interest and other
charges took S5O,096, against $50,569 in
the same period of 1881. Rate reduc-
tons during the present year are a fac
to- in the lower net.
Capital Traction issues again ap-
paared on the Washington Stock EX-
change today. In the bond division
Capital Traction 5s opened with two
$1,000 sales at 81 and after call figured
in two more similar sales at the same
price, a gain OF l point. During the
present week these bonds have gained
noiDtc