Evening star., 1933-10-26
POWER FIRM GAINS
$4,000 IN MONTH.
Potomac Electric, W. R. & E.
and Capital Traction
Report Earnings.
BY EDWARD C. STONE.

93869 in the like month a year ago, or
an increase of S36,080.58, according to
the monthly financial statement filed
tocay with the Public Utilities Commits
sion. The power company'S income for
the first nine months of the present
year is also well ahead of the 1882
figures
Operating revenues in September
totaled 1881 1854 in comparison with
1862, ,11304 in September, 1882, an in
crease of S19,2 ,282 40 Revenue deductions
called for S45l ,94029 against S470 0089.28
last year, a saving in expenses Of $l8.-
800. This left net operating revenues
Of S429 ,455.15. against 1892 ,023.76 year
ago. or a gain of S37,43l.39.
Miscellaneous income was off about
$4,000 in September, but the company
reported a gain in gross income of
S35. .5O6.6l The usual deduction from
gross required S75.8l0.14, as compared
with S76,3841l in September last year.
leaving the aforementioned gain in net
income Of over S36VVV
Fer the first Line months of this year
operating revenue totaled so,116,94687,
compared with S9,l43,5JO3S, a decrease
Of 26,5835l Revenue deductions were
reported as S4 .222 $50 IL. against S4 285,-
oes.77 last year, deduction in expenses
of S62 1886. leaving net operating
revenues Of S3.894, ,165.76, as compared
with S385843l6l or gain of $685.
1876 over the like period in 1882
The company's miscellaneous income
stood at SlC5,97247. a decrease of
s47712O from last year. Gross totaled
$4,000. 1928 in comparison with $685.
1928. an increase of $50. .96395 Deduc-
tions from gross took $685., 005 80, against
S69027439 a year ago, lower by S5,-
268l4 This left total net income for
ne nine months of S3,3l5, 1928, as
compared with S3,278,9 900 80 at the end
of the third quarter last year, an in
crease so far in 1888 of S36, ,232.36.
w. r. & E. Reports S4.93 Loss.
The Washington Railway g. Electric
Co. filed its monthly report for Sep
tember with the Public Utilities Com
mission today. showing that after TAX
ing in over 1892 900 in operating reve-
nues. and paying all bills and other
EXPENSES. the street car company had
a Gclcit OF exactly S4.93.
Operating income for the month to-
tailed S332,445.A2 as compared with
s343 30693 in September, 1882. Op-
Grating expenses and taxes called ior
s3O4.45487 in comparison with 1885,
45435. leaving a total operating in
come of S27.990.55. against the much
lower figure last year of s6,852.56.
incorporating income stood at S26,-
29O42. compared with S24,65227 IN the
same month in 1882. Gross was much
larger this year, being S54,26O 81. While
this item last year stood at S3l ,5ool5
The usual deductions from gross earn
ines tota'ed s542859 80, against s54.-
49, 498. leaving the net income for Sep
tembcr in the red by S4.93, as COM
pared with the larger drop in net in
come q year Of S22 67983.
For the first .iue months of this year
the railway company reported total
operating revenues Of S3,O4l $685.
against 20,7G8 26. Operating ex-
penseS and taxes amounted to $685.
35633 against S3,11391730, leaving an
operating income of S185 ,282 50 in COM
parison with S306 850.96 in the like
period Of last year.
incorporating income tota.ed Sl,559.-
882 SO as compared with Sl,476,859 40.
Gross. less expenses and taxes, amounted
to Sl.745l65.O7 against $l,78371O36.
Usual deductions absorbed S488,6 SO,
compared with s486,15175. leaving a
total net income for the nine months OF
S1.259 543 81 in comparison with 81 ,297,-
5576l a year ago.
S.Jits+l -NCt Lo"Ci.
Net income of the Capital Traction
Co. in September. according to the re-
port filed with the Utilities Commission,
was off over $1,000. but showed an i'm
provement of about $4,000 over the net
in September. 1882. In this item for
the nine months there now exists a
deficit of Sl989l 81 as against surplus
of S32368 Is for the corresponding
period last year.
Last month operating revenues of the
company were S228,61615 against $780,
80832 for the month in 1882, a decline
of Sl1,19227. Operating expenses last
month were S185,0773 as compared
with S2O21294O in September, 1882, a
recession of sl7,051.02.
Incorporating income for September
this year was ST. 1.67, or S15.l8 more than
that for the month last year. Gross in
come for last month was S25,758.47. a
gain of S595227 over that for Septem-
Der, 1882 Deductions from gross last
month were S31 ,58747 or $78482 under
those for the month last year. The
company carried 2,792 ,693 revenue pas
sengers last month, decline of 125,295
from the number transported during
September. 1892
For the first nine months of the pres
ent year operating revenues Of the COM
pany amounted to S2,148,86748 or
S2990 06083 less than those for the cor
responding period last year. Operating
expenses for the nine months were
S1.737 7O313. or S246.98O 80 below those
OF the similar comparative period of
1882.
Gross income amounted to $267, ,524, a
recession of Sic 1927 in the compari-
son. Deductions from gross totaled
S287 7415.91. or $500 80 below those of
the period last year. For the first nine
months OF this year the company'S reve-
nue passengers numbered 26,260, 778, or
3,211326 less than those of the similar
length of time last year.
Today's Trading on Exchange.
Norfolk & Washington Steamboat
stock opened trading on the Washington
Stock Exchange today. Four lO-share
lots, block of SO shares and more
shares changed hands at "a.
Mergenthaler Linotype appeared on
the board again today. 10 shares moving
at 1884. Washington Railway G. Electric
figured in three 10-Share sales at 851a
Only one bond sale was recorded,
$1,000 Washington Railway & Electric
As coming out at Sc. Washington Gas
Light stock was quoted ex dividend to-
day, following the recently declared
regularly quarterly payment.
The R. F.. c. price of gold was again
the subject of great interest in the
local financial district today. 1t was
3l.54, an advance over Yesterdays S
quotation.
North Americans Net Lower.
The consolidated income statement
of the North American Co. and SUBJ
sidiary companies for the IL months
ended September 80, 1888, shows SILL
ll0,783 for common stock after all
operating expenses, interest charges, de-
probation and all other reserves and
preferred dividends. These earnings for
common stock represent a decrease OF
$3.50 per cent, compared with those
for the II months ended September 80
1882, and are equal to S1.43 per share
on the average number of shares OF
North American common stock out
standing d1Irinp tho 10 months pp6ac