Evening star., 1933-08-24
HIGHER NET INCOME
FOR PEPCO Barred.
S6,925 Increase Over Fig
ures for July, 1882, Fol-
lows National Trend.
BY EDWARD C. STONE.

Total net income Of the Potomac
Electric Power Co., in July. amounted
s340,2946O against 1894, $1,000 in
Iuly 1882, a gain of SIS, ,s25.5l, according
the monthly financial statement filed
oday with the Public Utilities Com
mission Today's report is in line with
announcements from all over the
United States which show increases in
he earnings of electric power COM
oanies.
Operating revenues for July totaled
1861, ,334.31 against $872, ,374.07, OF $11,
039.67. while revenue deductions for
operating expenses called for $455.
37781 in contrast with $473,489.l6
year ago, saving of S18,lll.35, and
eaving net operating revenues of S405.
356.50 compared with 1898, ,884.91 in
July 1882, gain of s7,07l.59.
Miscellaneous income was slightly
lnder last years figure, which makes
gross income little lower than net
operating income. The usual deductions
from gross took $76,903.98 against
s76,o10.85 year ago. leaving the above
stated modest gam of about $4,000 in
sotal net income
Potomac Electric's report for the first
seven months of 1888 was also filed,
howing operating revenues of $685.,
f23.09 against S6,449, 727.57 last year in
he same period, off S5410448 Revenue
deductions for operating expenses were
1926, 726.48 compared with $3,351,
1886 year ago. showing the manage
nent made a reduction in operating
costs Of 6466818
Net operating revenues we're $3,098,-
896.6l, compared with $3.098, ,33291 a
year ago, small gain of S56370. De-
auctions from gross required 1892 ,053.74,
against $536, 1892 68 last year, a decrease
of s4,878.94. This left total net income
for the seven months of $2,651, 1878,
as compared with $2.647, 1853 60 in the
like 1882 period, "a gain of s3,969.53.
w. r. & E. Files Financial Reports.
The Washington Railway & Electric
Co. also filed its July statement with
the Public Utilities Commission today,
the street railway corporation having
rather rough sailing during that period.
Operating revenues totaled S30741983.
against the higher figure of s356,541.23
in July, 1882. Operating expenses and
taxes required s326, ,79701, as compared
with s341,77O28. quite a marked reduc-
ton in the cost of operations
Operating income was sl9.37718 in
the red this year, compared with gain
last ysar in July of sl4,77095 Nom
operating income totaled $21,937.11,
against s23.100.35 in July, 1882. Gross,
less operating expenses and taxes, was
reported as S2,559.93, in comparison
with S37.871.3 year ago, leaving. after
all deductions, a deficit of s5l,sl427,
against deficit in July of last year
Of only S1600277.
For the first seven months Of the
present year Washington Railway g.
Electrics operating revenues amounted
to s2,389, ,220.34, against s2.739. .982 36
Operating expenses and taxes absorbed
S2,23l .806.86, compared with S2437.-
1886. leaving an operating income Of
S157,913.48, against 1902, ,848.90 a year
ago.
Incorporating income totaled 81 059,-
667 80, against ST ,OO8, 30116 in the like
period in 1892 Gross. less operating
expenses and taxes, reached the sum of
$380,000.50. as compared with s377,-
948.52 leaving a total net income of
$837,780.36, against the higher figure
last year of S933,2o1.54. This is a de-
is one more instance of what private
automobiles. busSes and taNcabs are
doing to local street car transportation.
Fewer Pennsy Stockholders Here.
Pennsylvania Railroad stockholders
on August l in Washington, Maryland
and Delaware totaled 1858, decrease
Ol tES SlIlCe august 1, 1907, dCCOIOlllR
to a report just given out by the roads
officials.
The total number Of Pennsylvania
shareholders on August l was 242 lib,
compared with 244295 on July !,
decrease of over 1000, and with 251,-
961 on August l, 1882, decrease Of
9,848. August was the fourth month
to show a falling off in stockholders.
The number of stockholders has de-
h. ~f e@o H.
advanced. On July l. 1882. the stock
closed at 7as, while today the stock is
selling around 36.
The average holding on August of
this year was 5439 shares, compared
with $500 July l and 52.26 August l,
1892 The largest number of Pennsyl-
vania stockholders live in Pennsylvania,
98,053 New York State comes next
with over $4,000 shareholders, where
the average holding is II shares. an
average increase of 10 shares over
year ago.
The report shows that on August l
women stockholders numbered los. $685.
q decrease of 3,038, constituting 43.63
per cent of the total holders, and an
increase of 0.50 per cent Women share
holders held 3182 per cent OF the out
standing stock decrease of l per cent,
and had average holdings of 40 shares
an increase of one share.
Richmond Leads Fifth District.
Richmond made the best showing in
department store sales in July OF any
city in the Fifth Federal Reserve Dis
trict, according to comparisons given
out today by the Richmond Reserve
Bank Richmonds sales were up 80
per cent and Baltimore reported gain
of 40 per cent. Washington was down
onH tho for the
whole district was off per cent.
From January to July 81, Richmond
sales were down only 9 per cent, while
Baltimore had 13 per cent loss, Wash
ington IA per cent, other cities II per
cent and the average for the whole
territory 13 per cent.
The bank reports that at the end
of July stocks of goods on hand in
Washington stores were 39 per cent
were 80 per cent higher in Baltimore
and 1.8 per cent higher in the Fifth
District as a whole. They were per
cent lower in Richmond.
Stocks were turned .275 times in
Richmond during July, .22l in Balu-
more, 203 in Washington and .216 in
the whole area. From January to July
81 stocks in Washington stores were
turned 2.062 times.
Percentage OF July l, 1892 !eCeN-
ables collected during July in Wash
ington was 255 in Richmond 27.2, IN
Baltimore 218 and in the whole dis
trict 23.8. Today's report covers the
reports from 81 leading department
stores, eight of which are in this city
Business was dull on the washington
Stock Exchange today. only three
transactions being recorded. Two $l00
sales in Washington Gas IS, Series B;
were made at 1929, the only bond
trading. Stocks saw but one transfer,
small lot of Washington Railway q
American Stores Co. reports sales for
% days ended July 20, 1888, amounted
to s8.178,496 For Is days ended July
80. 1882, sales were s9.445,008.
Sales for months and % days