Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-10-30
PEPCO EARNINGS
| MOUNT SHARPLY
September Net at $3.50, 039
Against $500, 200 for
Same 1885 Month.
BY EDWARD C. STONE.

1885, an increase of $79,838.36 or Is
per cent, the monthly financial report
just filed with the Public Utilities
Commission shows.
Operating revenues continued to
mount. standing at $l,153,0O2.15, a
gain of $97,61853 or 925 per cent.
Revenue deductions for operating ex-
penses we're also higher. totaling S69l,-
LA. an advance of S34.714.83 or
b.28 per cent. This left a net operat-
ing income in September of S461,-
o80.71, a rise of s62 1898 70 or 1880 per
cent over the same month last year.
Incorporating income revealed an
improvement of $7.356.88, which was
70 per cent. Gross reached the sum
of SAT-, 1868. Deductions for bond
interest called for S88,65774 against
S98,24O52 in September, 1885.
The Potomac Power Co. also filed a
statement for the first nine months
of this year, showing net operating
revenues of s10,457, 96302, a jump of
s706,739S5 or TBS per cent over the
operating revenues year ago Oper-
ating expenses required $3.50, ats SO,
an increase of 1904, 770.30 or 504 per
cent.
Net income from operations
amounted to $4,10l ,48664, a gain of
S401 $685. or over 10 per cent De-
auctions for interest requirements took
1857, 1865 from gross, leaving a net
income for the nine months of S.
327,133l0 as compared with S2.945,-
41970, stepping up of 1882 ,7l2.40 in
earnings over the like period in 1885.
This is a gain of 1896 per cent.
Retail Sales Best in South.
Daily average sales in small town
and rural areas for September showed
q larger increase in the South than in
other parts Of the country, as COM
pared with September. 1885. Esti-
mates of the Bureau of Foreign and
Domestic Commerce, based on dollar
value, indicate that sales in the South
were % per cent above September of
last year, as compared with an in
crease of about Is per cent for the
country as a whole. The lowest in
crease, about 10 per cent, was re-
corded in the Middle West.
Sales increased from August to Sep
tember in all regions by more than the
usual seasonal amount, the gains
ranging from IA per cent in the East
DO SIS per cent in the South. The
increase for the country as a whole
was about 81 per cent. Sales in August
we're considerably below the volume
at that season of the year for all re-
gions, excepting the East.
Brokerage Offices Crowded.
New York Stock Exchange Offices in
the Capital were crowded today, as
they have been every day recently,
for the opening of the market, both
traders and investors being most in
tent in getting a line on what may
happen after election. With only two
more trading sessions after today, in
terest is at very high pitch.
Opinions in the financial district
as to the probable action of the mar
ket after Tuesday differ as widely as
do opinions on the outcome of the
election. Many brokers express the
belief that change in administra-
ton would be helpful to the stock
market. Others say that the present
easy-money policy. with tendencies
toward mild imitation, might prove
equally strong factors in keeping the
market strong.
All agree that business is now on
such a broad foundation that the
market. in the long run will remain
strong, with temporary setbacks which
always occur, regardless of the re-
suits in Tuesdays voting, until it
completes its present cycle" an econ
omlsts put it. ~
Observers in the board rooms to-
day witnessed another very lively
opening with many issues higher than
at the close yesterday.
Better October Net Forecast,
That the Capital Transit Co. will
show net income in October in the
black, perhaps between $4,000 and
$4,000, was predicted in the financial
district today in connection with COM
nents on the September report, which
Showed loss of more than $4,000.
The exact deficit was only S5,2l3.36
in September. AS July, August and
September are the poorest months
in the year for earnings, on account
of the vacation period, the amount of
the September loss is not considered
unfavorable in some quarters. 1t is
certain that October will be back in
the black.
While the nine months total net
showed deficit of SAB 1000, it is held
more than probable that the full
years report will show a net profit.
The last quarter will reveal profit in
ecah month, it is believed by those
who follow the transit company's
affairs most closely. Track changes
have been completed, which cuts down
very important item of expense and
operating income will show the usual
fourth quarter increase.
Looking Back Seven Years.
Seven years ago-October 20, 1929
transactions on the New York Stock
Exchange totaled 16,41o,0OO shares,
largest day in its history. The stock
ticker reported the last sale on the
tape at 5:32 pm, and utilized 3d.
100000 feet, or $4,000 miles, of ticker
tape to tell the sad story. Opening
sales of 81 stocks aggregated $50 900
shares, largest single sale being $4,000
shares. Transactions in General Mo-
tors alone on that day were GIL, 300
shares, largest total for one stock
recorded before or since on New York
Stock Exchange.
The Wall Street Journal saws the
Street is looking for more active
trading in November, and one firm
says that only once in this century
has trading been substantially lower
in November of an election year than
in October. In most election years
there has been large increase Some
brokers are looking for largest trading
days in the stock market for 1896 to
be registered In the last two months