Evening star., 1935-06-29
PHONE NET RISES
TO $179,377 HERE
May Total Represents Gain
of $10,544 Over Level
of Year Ago.
RY EDWARD C. STONE.

Net earnings of the Chesapeake &
Potomac Telephone Co. in May totaled
s179377, in comparison with Sl68,833
In the same month last year, an in
crease of S10,s44. according to the
monthly statement just filed with the
Public Utilities Commission.
Operating revenues in May amount
ed to s85e,263. against S844,329 in
May, 1884 At the same time op-
Grating expenses were kept lower than
last year, being $685. .098. against
k59O.86l, leaving net operating reve-
nues of $27l, 1853, as compared with
$3.50 .468.
Taxes were slightly higher, so that
net operating income stood at S204, 762,
against s190,110 Total gross was
larger than a year ago, from which
interest deductions of s25,087 were
taken, against s2l 1888 year ago.
leaving the above mentioned balance
before dividends.
Washington was served by 1929
telephones in May 81, net increase
Of 1854 telephones over the preceding
month. At the end of May. 1884.
there we're $4,000 telephones in
service
CspitaI Calls Increase.
Telephone calls in Washington also
increased in May, there having been
23.449,O00 made during the month,
ss compared with 81, $3.50 calls dur
ing May, 1884. In the first five months
ef this year calls numbered l07,-
$4,000, against 10l $4,000 in the
corresponding period last year.
For the first five months of this
Sear operating revenues totaled s4.-
1885, against S4.09l .358: operating
expenses called for S29l0,665. as COM
pared with s2.85oaT3: operati ting taxes
took S3lS,624. against S3l4644. leaving
. net operating income Of S946.n68.
IN comparison with s925,84l a year
ego.
Gross income amounted TO S945,4S4,
against s927.08l, while interest de-
auctions required S126.231. against
a108,765 year ago This left a
balance before dividends of S81e,223,
as compared with S818.316 in the first
FIVE months of 1894, putting net earn
ings ahead of last year by very
small margin.
Washington Gas Net Lower.
The monthly report OF the Wash
tngton Gas Light Co, filed with the
Public Utilities Commission this
morning, shows net operating revenue
for the month of May of sl50.322.
compared with s167.110 for May of
last year, a decrease of Sl6,788.
Operating revenue for May. $535.
46l. compares with s5l3,016 for May
year ago, an increase of S22,445.
Operating expenses, including taxes
and uncollectible bills. increased S39,-
233 this years figure being $685., 1879,
egalnst $345906 in May, 1884.
operating revenues for May
this year decreasing sl6,554 from last
years total of S2S,280 to Sll,726, re-
suited in a gross corporate income of
s162,O48, as compared with sl95,390.
. decrease of S33,342.
Interest deductions of s72 900 for
Nav. 1885. were s2215 more than last
years figure of S69,875. resulting in
net income of S89,958. compared with
sl25.5l5 for May, 1884, decrease of
s35557.
Net income for the first five months
of 1885 totaled S676.6l6 against S768.-
O45 in the corresponding period last
year, a drop of s91.429. While oper-
ating revenues showed a gain of s72.
PIT, operating expenses, including |
taxes. advanced sl27,013.
Georgetown Gas Net Higher.
The monthly report of the George
town Gaslight Co also filed with the |
Public Utilities Commission this morn |
ing, shows a net income of S3.425 for |
the month of May, 1885. as compared |
with loss of S4,540 for May of last |
year. an increase of S7,965.
Operating revenues this May were |
t105,865. as against S10l.353 for May, |
1884, an increase of s4,5l2. Operat |
ing expenses, including taxes and |
uncollectible bills. decreased S3,462,
this years figure being $9S,0l0 against
$101,472 for May, 1884.
Non-o operating revenue was 81 more
this year than last year, resulting in |
q gross corporate income of S7.856, |
compared with a loss of S119 for May. |
1884, an increase of S7,975. Interest |
deductions increased $40. this years |
figure being $4,431, against s4,421 for |
May, 1884.
The Georgetown Gas Co. also filed
returns for the first five months, show
ing gain net income of s18.730. The |
company netted S24,366 against $6,136 |
in the same five months last year,
about four times as satisfactory re-
turns. Operating revenues were not |
quite up to last year, but reductions in |
operating expenses much more than
made up the difference.
Terminal Dividend Voted.
Directors have declared the regular
semi-annual dividend of Sl.50 per
share on the total outstanding stock
of the Terminal Refrigerating & Ware
housing Corp, as of the close of busi-
ness June %. payable July l. The
stock books of the company will be
closed as at the close of business June