Evening star., 1936-07-31


March, 86,355, ,879.1e T4,112,6o9-tz
April 100,389,014.14 77,447,so4'S4
May 94,295,112.O0 77.957,s ,s5l.0O
June. 1O4,841, ,034.00 85,S95, ,los.OO
July 100, 1888, $4,000 83,OO3,ooo.ss
Utility Profits Vary Widely.
With all the reports for June and
the FIRST six months OF the present
wear filed with the Public Utilities
Commission. some interesting results
and contrasts in earnings in the hall
wear period are brought to light.
The Potomac Eectric Power Co.
made a striking showing with total
net income of $2,205,S57.76, Wnlcn
was an increase in net earnings over
the first half Of 1885 OF $l89,osS.lS'
or almost ga per cent. Potomac
Power reported operating revenues OF
&c. .ses. .e61.54, an increase OF $45l,-
oo3 In spite of an increase OF
S2o8 .o5 in operating expenses, the
net income from operations alone
showed q gain of more than S24z,Ooo
over last year. The half years flg-
ures included a gain IN June net OF
more than $4,000.
Tn the same six months the Capital
Transit Co. did not fare so well on
account of mounting expenses, partly
due to very heavy charges for equip
ment, changing tracks, labor ana
other mounting costs. Operating
revenues made fine showing reacn-
ing a total of $5,120, ,48404, an IN
crease of $499, ,147.55, or 10 per cent.
Operating expenses, however, went
I'D s934.459.53. This sharp rise IN
EXPENSES resulted in the six months
net being reduced to $24,
AGAINST $500, ,8e8e3 a year ago.
decrease of $478,783.55, Or 80 per
cent Although net was on so heaVhy'
the number of revenue passengers
carried in the half year increased
bv e6ss,75s, to total 84,3s4,019.
Expenses Cut Gas Net.
The Washington Gas Light Co. re-
norted a total net income in the half
wear of s656,170, against $756,575 In
the first part of 1885. This was
drop of 100000 in earnings. 1t re-
fleets lower gas rates which went
into effect last December. Wnhe
operating revenues scored a gain OF
s2l1,23l in the six-month period over
1885, expenses showed an increase OF
s3l5,554, cutting severely into net
returns.
The GEORGETOWN Gas Light Co. did
better than year ago. Net income
was up 1884. Revenues from oper-
ations were $5s,711 higher this year,
which was not entirely offset by an
increase of $53,273 In operating ex-
penses. The better showing IN June
this year over June, 1885, was q fac
tor in the upturn.
The Chesapeake & Potomac Tsle-
phone Co. turned in q good six
months report It showed a balance
before dividends of $1,075 1884, against
a net income in the first six months
Of 1885 of $978,928, an increase OF
s8S,056.
Veterans Collect $2,220,950.
In a survey recently completed by
the District of Columbia Bankers
Association, statistics were compiled
to determine the number OF veterans |
who availed themselves OF the services |
of local banks in connection with the |
redemption of compensation cert1n- |
Gates or bonus bonds
1t was found that up to July ~
1874 eligible veterans applied through |
the various banks and collected $2,-
220,950.
The offer to assist service men in
filing applications with the Treasury
Department for purposes Of cashing |
their bonds is still open and each day |
additions are made to the listing |
above.
Crops Cause Most Worry.
An Associated Press dispatch from
Richmond today states that the Fed
eral Reserve Bank of Richmond de-
clared in its monthly business review
that the poor condition Of crops was
the only outstanding unfavorable
factor in the present situation"
1t is still too early, the bank said,
to determine the seriousness Of the
drought, but that favorable weather
might yet overcome a considerable
part of the disadvantage under which
crops started. Crops on the whole
are very late" 1t said.
June brought considerably larger
volume of business in the fifth Fed
eral Reserve district than in the same
month last year, and in most lines
trade was above seasonal levels in
comparison with business in other re-
cent months.
part of the activity last month
may have been due to the payment
of the bonus" the review stated, but
there is no way to measure the extent
of the influence exerted by this spe-
cial development.
Heard in Financial District.
Karl w. Corby, president OF the
District Bankers Association and q
partner in the brokerage firm Of w.
B. Hibbs g. Co., left Washington this
noon for his Summer home at Rock
land, Me-, where he will spend the
month of August on a vacation.
Thomas j. Groom, first vice presi-
dent of the District Bankers Associa-
ton and vice president and cashier
of the Bank of Commerce & Savings,
left here yesterday for a vacation trip
to New York, Boston and q visit to
Maine.
E. c. Baltz, secretary Of the Per-
petual Building Association, left here
today for Chicago to attend a meet
ing Of the directors of the United
States Building Loan League. He Is
second vice president of the national