Evening star., 1935-08-29
D. c. UT|L|T|ESF|LE
REPORTSFOR JULY
Transit Net Up Sharply,
Washington Gas Total
: Below Year Ago.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Capital Transit, Washington Gas and
Georgetown Gas Light Cos. filed their
July financial statements with the
Public Utilities Commission today.
Net income of the Capital Transit
Co. in July totaled $79,2l8.33, against
S58,23282 In the same month last
year, an increase of $20,985.51, or 36
per cent.
The transit company reported oper-
ating revenues of $7S0,273.18, COM
pared with S674,714.66, substantial
gain over last year of S105,558.51, or
1876 per cent. Operating expenses
called for S555, 5,353.60, in comparison
with $478,653, an increase of S76,-
7oo.60, which makes a slightly higher
percentage gain increase in expenses
than in operating revenues.
Taxes this year amounted to $751;
200.23, against $45,545.07 in July, 1884,
while S51 ,653.71 was deducted for de-
probation this year against $49,211 So,
leaving total operating expenses, taxes
and depreciation standing at $685.
207.54, compared with s573,40965 last
year, an increase of $84, 1877 80, or 14.8
per cent.
This left an operating income in
July amounting to $122 ,065 ga, against
Sl01 ,305.02, on increase over July, 1884,
of 500, ,760.62, or 20.5 per cent. Nom
operating income reached the sum of
$l0.9O9. .96, and deductions from gross
for interest, etc., took $50, 3,757.27, and
leaving the above stated net return of
nearly $4,000.
Passenger Traffic Mounts.
That people in Washington are still
"street car minded" is shown by the
July figures on passenger traffic. The
Capital Transit lines carried 1885,
996 revenue passengers against TO-
221,O58 in the same month year ago,
an increase of 2,304,93 or 226 per
cent.
In Capital Transit's report for the
first seven months of this year total
operating revenues were placed at
S5.4O1, ,6O9.67 against $4,859. 1853 81, an
increase of S541 1886 or Ill per cent.
Operating expenses totaled S3,782,-
O9O.3O, as compared with S3,249, SOB .03
q year ago, an increase Of S532,487.
or 1874 per cent.
Operating income after expenses,
taxes and depreciation amounted to
S878, ,327.75 against 1914, ,488.39 a de-
crease of S36, ,160.64, or 4 per cent.
After adding incorporating income
and making the usual deductions from
gross. the Transit Co. reported a to-
tai net income of $582,117.26. This
compares with S613,638,97 a year ago,
or a decrease of 31.521.71, 81 per
cent.
Washington Gas Net OFF.
The monthly report of the Wash
ington Gas Light Co., filed with
the Public Utilities Commission this
morning, shows net operating revenue
for the month of July of S56,045, cnm-
pared with $39,243 for July of last
year, an increase of S16,802.
Operating revenues for July, $685.
632. compare with 1881, ,O45 for July
year ago, an increase Of S31, ,587. Oper-
ating expenses. including taxes end
uncollectable bills. increased S14,785,
this years figure being S326,5S7,
against S31l, 1902 in July, 1884.
Incorporating revenues for July
this year decreased S5,016 from last
years total of $11,l27 to s6,lll, re-
sulting in a gross corporate income
of S62,156, which compares with $780,
$40 for July, 1884, or an increase of
s11,7s6.
Interest deductions of S72,568 for
July, 1885, were $2,705 more than
last years figure of s69,883. resulting
In a net loss of $10,432 this year.
compared with s19,513 last year, or
decrease of S9,081.
For the first seven months of 1885
Washington Gas reported operating
revenues of s3935,90O, compared with
s3,796,183 last year; operating eX-
penses, taxes and uncollectable bills
of S2,726,753 against S2,564,349. leav-
ing net operating revenues Of ST.
209,147 against $1,231 1874 last year,
off S22,687. After all other deduc-
tions, the company reported a net
income of s746, 144, compared with
$815,264 last year, off S69,l20.
GEORGETOWN July Income Down.
The monthly report of the George
town Gas Light Co. also filed with
the Public Utilities Commission this
morning, shows net loss of s9,117
for the month of July, 1885, as COM
pared with a loss of $9,057 for July
of last year, an increase of $50.
III T1ilx xx-pr
1922, as against S66.207 for July,
1884, an increase of s1,3l5. Oper-
ating expenses, including taxes and
uncollectable bills, increased S2,956,
this years figure being $72,237
against s69,2 ,281 for July. 1884.
Incorporating revenue was S4 less
this year than last year, resulting in
O gross corporate loss of s4,7l4, COM
pared with a loss of S3069 for July,
1884, an increase of S1,645. Interest
deductions decreased s1,5S5, this
years figure being $4,4o3, against
S5,988 for July, 1884.
In the summary for the first seven
months of 1885 the Georgetown Gas
Light Co. reported operating revenues
Of S828,839 against $835,542 last year,
q decrease of $6,703. After all oper-
ating expenses were deducted, net
revenues from operations stood at
S42,823 as compared with S21,619 in
1884. an increase of $21,204.
Deduction of interest and amorti-
cation from gross left a net income
of S11,561, a gain of S18,663 over
last year in the same period.
Today's Trading on Exchange.
Both stocks and bonds were in good
demand on the Washington Stock Ex-
change today. Capital Traction SIS
opened at 971s and closed at 81.
Washington Railway &, Electric As
moved at 1851.
National Savings & Trust stock sold
at par, Capital Transit at 16, Potomac
Electric Power per cent preferred
at 1o9, the 51s per cent preferred at
11334 and 113 and Mergenthaler Limo
type at 26.
n:ul.!n4