Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-04-27
POTOMAC ELECTRIC
NET SHOWS GAINS
Power Company Files Report
on Operations Since
First of Year.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Total net earnings of the Potomac
Electric Power Co. in March showed
modest improvement over the same
month last year, and also made gain
over the first three months of 1882, &C
cording to the financial statement filed
today with the Public Utilities Com
mission. Total net earnings of the
power company in March were $685.
SLIP in comparison with 1862, 1895,
q gain of S7,38l25.
Operating revenues in March totaled
1904 23301, against S922,67232, off
Sl8,4393l Revenue deductions called
for S470,76 in comparison with
$49613l 81, or a cut in expenses of
S25, 1868 SO. This left net operating reve-
nues for the month of S433, 469.75,
compared with S426 540.71 in the cor
responding month a year ago, an in
crease of S6.92904
For the first quarter of the present
year the Potomac Electric Power Co.
reported total operating revenues of
$3.50, 305.64, against S2,918,68014 in
the corresponding three months of
1882, a decrease of S38,374.50. Reve-
nue. deductions required Sl,4O7, 16O.16,
compared with S1,468, .38 in the like
period in the previous year, or re-
duction in operating expenses OF SOL
1892.
Net operating revenues for the
quarter amounted to S1,473,, las .48.
compared with S1450. BATS, a gain of
2.900.72 Miscellaneous income to-
tailed S4l,72545, against S36,66923, up
S5056 %, leaving gross earnings OF ST.
514,87093, in comparison with 81 ,487,-
O1399, an increase of S27,856.94 from
the same time a year ago.
Following all the usual deductions,
the power company reported total net
income for the first quarter OF 1899 OF
S1.287, 1868, compared with Sl,256,-
264.5l, or an increase of $31 ,502.12 over
last year in the same three months.
Street Railway Earnings on.
The Washington Railway & Electric
Co also made its monthly and quarterly
reports to the Public Utilities Commits
sion today. Operating revenues in
March totaled S368.902 70 against S408,-
292 in March, 1882.
Operating expenses required 1884,
1855 in comparison with S364,525 so,
a substantial reduction in operating
costs, and leaving an operating income
of S3410717 against S43,747.32 in the
like period in 1882.
incorporating income was practically
the same as last year, being So, .93,
compared with S24, 7l884 Gross less
operating expenses and taxes amounted
to S57,4191o in comparison with
S68466.16 in March. 1882.
The usual deductions from gross took
S54 C48 % against much the same figure
in March a wear ago. S54.264 81. leaving
a total net income for March, 1888, of
S3371 08, against the higher net in
March. 1882. Of S14201.25. Business,
however. was better in March than in
the other two months of the present
year.
Washington Railway & Electric's
quarterly report, also filed. shows
operating revenues OF sl,O47 692 79
compared with S1.196 929 90 in the first
quarter of 1892 Operating expenses
and taxes required S966,735.17 against
tn higher figure last year Of s1,058,-
492 "a.
Net operating income totaled $780,.
957.62 as aoainst s138437.66. The non
operating item stood at S520085 03
compared with 1892 .00104. Gross less
taxes anS operating costs amounted to
1901, c4265 against $500 438.70 in the
fret quarter OF 1882.
Usral deductions amounted to s162,-
4o6 90 against S162317.78. leaving net
income for the three months of s438.-
So 81 ~ ro'n~arieon With S469, 1892
in tho fret quarter Of 1892.
Local Bonds Again Popular.
The first sale on the Washington
Stock Exchange today was in Washing
ton Gas Light SIS, 1860, $1,000 chang
ing hands at 103. Later in the session
two more $1,000 sales and two $500
sales were recorded at the same price.
Washington Gas Light IS, series B,
came out in a $1,000 transfer at 1882.
Washington Gas SIS. 1858, also appeared
on the board, $500 moving at 81.
GEORGETOWN Gas IS figured in the days
business, $1,000 moving at 1924.
Potomac Electric Power IS noted
a $1,000 turnover at the strong price
of 1861. This completed the days
bond sales There was less going on
the stock division.
Mergenthaler Linotype stock came
out at 241a and closed at 24I4 on a
28-share turnover. washington Rail-
way & Electric preferred recorded a
sale at 81.
Heard in Financial District.
The Miller Train Control Corpora
ton of Stanton, Va, reports orders LOT
several more trafilatorS to be installed
in Washington, also gain IN orders
in Baltimore, Philadelphia and New
York, where this device has been IN
use for some time. The company has
many STOCKHOLDERS III WdSIilllS eolI WIN
will be interested in this latest report
of expanding business.
Childs Co and subsidiaries CreStau-
rants) report for quarter ended March
81. 1888, net profit of $9.092 after in
terest. depreciation. Federal taxes. etc,
equivalent to "a cents a share on 1891
shares of per cent preferred stock,
excluding 1853 shares held in treas
ury. This compares with S27,946 or Is
cents a share on preferred stock in first
quarter of 1882.
Business has made steady progress
since the latter part of March, and pre-
liminary data for April indicates that
activity in both production and dis
tribution was higher than in the pre-
ceding month" Secretary of Commerce