Evening star., 1934-05-24
PEPCO D|SCL0SES
GAIN IN REVENUES
Operating Total for April
Goes S94,722 Above
Level Year Ago.
BY EDWARD c. STONE.

OH]eTdlluB ItNtlluco VI Clic ToeoihoS
Electric Power Co. in April totaled
1886 .353.15, in comparison with $780,
63o63 in the like period of 1888, or
an increase of 94,722.52. according to
the monthly financial statement filed
today with the Public Utilities Com
mission.
Revenue deductions for operations
required $576,454.56, against $46l ,z73.-
IS, an increase of 15,290.7l, leaving
net operating revenues for the month
of S408, 1873 So as compared with $429,-
356.7S, a decrease of S20.568.l9.
April gross totaled $420 399.3l while
the usual deductions from gross called
for 6,157.17 against $75,642.72 In
April of last year, an increase OF SlO,-
5l445. These deductions left total
net income for the month of 1884,
24214 in comparison with S365095.33
in the like period year ago, or q
decrease of $30.853.l9.
In the first four months of 1884
the Potomac Electric Power Co. re-
ported operating revenues amounting
to S4052, ,520.49, compared with So
770,93629 the same period in 1888,
a gain of $281 ,584.20.
Revenue deductions for operating
expenses called for $2,32l ,575.78,
against S1,868, ,4340l in the same four
months last year, or an increase in
operating costs of S453,l4l.78.
Net operating revenues totaled ST.
730, ,944.7O in comparison with ST.
9O2,502.26 last year, of $l7l ,557 56,
leaving a net income of 81 ,43l 1850
compared with $l,652,86l.96 in the
corresponding period year ago, de-
crease Of $221 ,425.36.
Rapid Transit's Net Grows.
According to the monthly report
of the Washington Rapid Transit Co..
just filed with the Public Utilities
Commission, the companys net IN
come in April revealed an increase of
S6,666.7l against deficit OF S2,2l6.20
in April of last year, making an i'm
provement last month totaling So
1921.
The company's operating revenues
for April amounted to S40,07705. as
compared with $33,467.24 in the
month last year, an advance of So
6O98l. Operating expenses and taxes
for last month were S3l ,30631, as
against $32, 80 for the month a
year ago, a recession of Sl,455.99
Operating income for April totaled
S8.770.74, in comparison with s70494
for the month in 1888, a gain of
S8,06580 Gross income for last
month, less operating expenses and
taxes, was S8,839.76. In the month a
year ago it was but S790.26, revealing
an improvement of $8,049.50.
Operating revenues of the company
for the first four months of the pres
ent year aggregate S139, 9,665.73 and
mark an increase of Sl6,023.66 over
the corresponding period last year,
when they were $l29,642.07. Operat-
ing expenses and taxes were S123,-
361.36, or S12,511 under those for the
comparative period year ago.
Operating income is $l6,30437,
betterment of $22, ,534.71 over the same
time in 1888, when this item pre-
sented a deficit of S6,23O.34 Gross
income, less operating expenses and
taxes, is $l6,591.83, an improvement
of S22,478.35. Last year there was
likewise a deficit of s5885.52 in this
item. Net income shows surplus of
S7,719.54, as contraSted with a net
loss of S17,788.42 in the period a year
ago, a gain of $25,50796.
Bank Women to Meet.
The Bank Women's Club of Wash
ington will hold its regular monthly
meeting on Friday at o'clock at
Avignone FrereS. 1777 Columbia road.
Miss Alice H. Whitton of the First
National Bank of Alexandria, presi-
dent of the club, will preside. Mrs.
Dorothy Dunn, attorney, will be the
guest speaker.
The Wall Street Journal says today
that brokers in New York do not be-
lieve the present condition of dol
drums in the stock market will last
after many important uncertainties
have been cleared up. The same
opinion prevails in the financial dis
trict here. There is known to be a
very large amount of money awaiting
investment and speculation is not
likely to remain at its present low
ebb very long, brokers here believe.
Adjournment of Congress is expected
to be factor in causing greater
financial activity.
Governors of the Investment Bank
erS' Association got to White Sulphur
Springs ahead of the local bankers
association and are holding their
Spring meeting there now. Sixty-four
Investment banking organizations have
been admitted to membership. fol-
lowing 83 others admitted recently.
Abollsh1ng of the $500 admission fee,
because of present conditions, caused
the unprecedented increase.
Today's Trading on Exchange.
Trading was decidedly cautious on
the Washington Stock Exchange to-
day, being confined wholly to bonds.
Anacostia & Potomac 5s changed in
a $1,000 sale at SO, practically the
same as other recent transactions.
Capital Traction IS came out again
today, once more registering a price
of 81. They closed with 50 bid and
SO asked
The State Of Virginia will receive
bids June S on $1,0O0,000 1O-year
highway certificates of Indebtedness.
In June, 1888, Virginia sold a similar
amount of highway certificates to N.
w. Harris Co., Inc, at 06 for 315s.
Production credit associations are
making loans to farmers at a rate of
over 100000 day, according to v.
P. Simmons, assistant production
credit commissioner of the Farm
Credit Administration
American Tobacco Co. declared the
regular quarterly dividend of $l.5O on
the preferred stock, payable July 2 to