Evening star., 1935-07-25
PEPCO NET RISES
SLIGHTLY IN JUNE
Gains 0.S4 Per Cent Over
j Year Ago-SM-Month
Total Is Down.
RY n. n ROGERS


Net income ~ Potomac Electric
Power Co registered sain of os4
pcr cent during the month Of June
as compared with June 1884, but net
income for the first six months of
this year fell OF o,so per cent from
the same period last year.
This WAS shown in the regular
monthly report Of the company, filed
today with the Public Utilities Com
mission.
Net income rose from SSl5,oT6,52 in
June. 1884. to $3l7,7ll.6S in June OF
this year. gain OF S2,6S5.lS.
For the first six months of 1884 the
net income was $2,o3l ,965.SS, which
fell off to $2,0l5,57954 for the first
half of this year, drop Of sic, ,205.79.
Operating revenue rose from $99l,-
b5799 in June. 1884, to 81 .057, 1929
in June, 1885, gain of S65,597.2 %, or
662 per cent.
For the first six months Of last year
operating revenue was S6,005,4 ,47790.
rising to Sc, ,542 1886 for the first
half of this year, gain of $537, ,480 As,
or 8.95 per cent
Net operating income rose from
$390.948.76 in June, 1884, to $40o,-
225.88 In June, 1885, gain of
S9,277l2, or 2.S7 per cent.
Capital Stores in Lead.
Washington department stores led
the fifth Federal Reserve district in
sales gain both for June and for
the first six months of this year,
as compared to the same periods in
1884, according to a retail trade report
from the Federal Reserve Bank of
Richmond.
Sales here were 11.2 per cent up
In June from June. 1884, and for
the first six months of this year
showed a gain of 1913 over the COM
parable period last year.
Stock turnover was greater here IN
Washington than in other principal
cities, being .40l in June and 2.l58
for the six months, as compared to
only 1853 for the six months through
out the district.
How other cities in this district
Jagged behind Washington in retail
trade is shown by the figures, in
part, as follows:
June 1885 sales compared with
June 1884 in percentage change:
Washington, 1l.2 up; Richmond, 81
up; Baltimore. / down: other cities,
IA per cent up, and the district as
0 whole, SIS gain.
January to June 1885 sales COM
pared with 1884 half year: Per-
centage-WaShington 1913 up; Rich
mond, 35 up; Baltimore, Z up; other
cities. 29 up. and the district as a
whole, a gain of 6 per cent.
Building Funds Indicated.
Upward trends in the housing and
building industry are shown in spe-
cial report prepared for Fenner &
Beane by the Federal Housing Admin
istration.
Residential building permits of the
city of Detroit covering one, two, three
and four family dwellings amounted to
almost S4,000,000 of construction dur
ing the first six months of this year.
During the first six months of last
year the total was slightly over ST.
100000.
June sales of the Glidden Co. totaled
S3,427,870, which represents a 33.5
per cent increase over the same month
last year.
Increase in the sale of plumbing
supplies for the first half of 1885 have
further extended the increases re-
corded for 1884, and exceed all records
back to 1880.
Total shipment of vitreous china
plumbing fixtures for the first half
of 1885 totaled 1,085, 900 units, gain of
159 per cent over the 1884 total.
First reports of modernization credit
loans under the amendment to the
national housing act which permits
issuance on loans not exceeding
$4,000 extended for the purpose of
Improving commercial and industrial
properties, indicate that tremendous
new market will be tapped and that
commercial and industrial organiza-
tions will take advantage of this new
feature which permits repayment on
q monthly basis of bank loans ex-
tended for purpose of improvement.
The average based upon first loans
reported, is about $4,000 per loan.
New Credit Union Started.
Another new Federal credit union
Is being established by Government
employees, to operate among workers of
the Procurement Division, Treasury
Department.
Announcement yesterday of the new
educational program of the Washing
ton Chapter, American Institute OF
Banking, has stirred much interest
among chapter members. It is ex-
pected there will be large enroll
ment in the classes to start late in
September.
Public relations activities of the
American Bankers Association con-
tinue to attract attention not only
among financial circles, but on the
part of the public. The association,
In addition to sending out its original
statement for release in the press re-
Gently, is mailing additional copies to
many other sources.
One statement of President Rudolf
8. Hecht, which is receiving much
favorable comment, says: 1--WE have
tried very hard to convince the public
that the banking fraternity has truly
profited by the lessons of the past, is
determined to approach all questions
of banking policy from the broad view
point of public welfare and is pre-
pared to carry its full share of the
burden in connection with all efforts
to restore sound prosperity in this
country
Transit Stock Active.
Capital Transit Co. stock was active
again on the Washington Stock Ex-
change, selling slightly off in seven
transactions, ranging from 201z down
to 20 and back up to 2OA, a total of
30 shares. Washington Gas IS B sold
ut 104, American Security and Trust
Co. stock sold at 1879 and Lanston
Monotype at So.