Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-09-26
PEPC0 NET RISES
TO $31S,9% MARK
August Total Represents
Gain of About 10 Per
Cent Over 1884.
BY EDWARD C. STONE.

per cent, according to the financial
statement filed with the Public Utility
Commission today.
Operating revenues totaled 81 083,-
b22.94 in comparison with 1865 ,92634
in August last year, an increase OF
SIT, go or II per cent. Revenue
deductions for operating expenses
called for S676,845.92. against $685.
92127 or an increase in the cost OF
operations of Is per cent.
These revenue deductions left net
operating revenue of $406,67702 as
compared with 1857 ,OO5.O7 gain OF
S39,67l95. nearly II per cent. Nom
operating income in August was off
slightly over $4,000 from last year
while gross corporate income showed
an increase of $37, 84646 or 10 per
cent. Deductions from gross were 10
per cent higher this year than in
August year ago.
Bill Payments Improve.
One of the most interesting items
IN the August report related to the
payment of bills. The number of I'M
collectible bills showed a surprising
reduction during the month, COM
pared with last year. This item alone
shows that there has recently been a
very marked change in the financial
status of many individuals who are
patrons of the power company.
The Potomac Power report for eight
months was also filed, showing total
operating revenues of $685., 834.55, an
advance of 1872, 1879 or over per
cent Revenue deductions covering
operating expenses amounted to So
1894 ,499.47, an increase Of S648,785.o3,
over 10 per cent.
Net income from operations amount
ed to s3.301 ,33508, a gain of $685.
4o1.86. Non operating income was
slightly better this year and gross was
I'D S84,l34.25 in the eight months.
Deductions from gross corporate In
come increased by 62,6l6.98, leaving
a total net income up to September
i of s2636,21882. an increase OF
H21,5l731.
Washington Gas Net Higher.
The monthly report Of the WASH
ington Gas Light Co., filed with the
Public Utilities Commission today,
shows net operating revenues for the
month of August of S44,650, compared
with S29,452 for August OF last year,
an increase of SIS, 1913.
Operating revenue for August, $685.
O93. compares with s344,905 for Au-
gust year ago, an increase of $2l,-
1913. Operating expenses, including
taxes and uncollectable bills, increased
$500, this years figure being $321,-
a43 against S3l5453 in August, 1884.
Incorporating revenues for Au-
gust this year increased S8,66l from
last years loss of $3.50 to S5,4Ol, re-
sulting in a gross corporate income OF
S50o5l, which compares with s26,192
for August, 1884, or an increase OF
S23,859
Interest deductions of s74,270 for
August, 1885. we're 1921 more than
last years figure of S70,979, resulting
In a net loss of s24.219 this year COM
pared with S44, 787 last year.
For the first eight months Of 1885
the gas company reported net oper-
ating revenues of s4,301 1893. against
S4,141 008 a year ago, an increase of
s160.905. At the same time operating
expenses showed an increase of $751;
S95. Net operating revenues were
lower than year ago.
Total net corporate income after all
deductions amounted to s72l 1925.
against s770,477. or decrease of
s48,552.
Georgetown Gas Net Improves.
The monthly report of the George
town Gas Light Co., also filed with
the Public Utilities Commission, shows
net loss of S5,243 for the month
of August, 1885, as compared with
loss of S6,907 for August of last year.
q better showing by S1,664.
Operating revenues this August were
S67,782, as against S67,752 for Au-
gust, 1884, an increase of $50. OPP
Grating expenses, including taxes and
Uncollectible bills, decreased S1,599,
this years figures being S68. 648,
against s70,247 for August, 1894.
Incorporating revenue was So more
this year than last year, resulting in
o gross corporate loss of 1854, COM
pared with loss of $2,495 for Au-
gust, 1884. Interest deductions de-
creased s33. this years figure being
s4,379, against s4,4l2 for August,
1894.
In the first eight months of this
year operating revenues showed de-
crease of $6,673 over last year. At
the same. time expenses were kept
well in hand and were S29,505 lower
than year ago, leaving net operat-
ing revenues of SAL ,957 against $19,-
125, or a gain of 1882.
After all interest and amortization
deductions, net income totaled S6,318,
compared with a deficit last year of
$4,000, making an improvement in
earnings SO far this year of $20,327.
Safe Deposit Section Meets.
The first Fall meeting of the Safe
Deposit Section of the District Bank
erS' Association was held last evening
in the board room of the American
Security g. Trust Co. Chairman AL
bert E. Fisher, Riggs National Bank,
presided.
Karl w. Corby. first vice president
"a CiAC OlotAH<U fASSOCldGlOIl,
represented the association and on
invitation of the chairman spoke
briefly on Public Relations" espe-
cially from the bankers viewpoint. He
stressed the opportunity safe deposit
officials have IN their relations with
the public. The remainder of the
program was given over TO discussions
of vital interest to this department of
banking.
On the Washington Stock Exchange
today Norfolk &: Washington Steam
boat Co. stock sold at SO, near its re-
cent new high for the year; Potomac
Electric Power 512 per cent preferred
again moved at 113, while small lot
of the same corporations per cent
preferred moved at ITO. Bonds were
neglected.
Daylight saving time will end next
week In Wasi1ington'S brokerage houses