Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-08-28
PEPC0 EARNINGS
CLIMB FURTHER
July Net Hits $685., 255, OF
20.17 Per Cent Ahead of
Same 1885 Month.
BY HAROLD b. ROGERS.

BY HAROLD b. ROGERS.
Continuing on the upgrade, Potomac
Electric Power Co. registered an In
crease Of 20.17 per cent in net in
come for the month of July this year
as compared with July last year. and
q 1881 per cent net income gain for !
the first seven months Of this year,
compared with the similar period in |
1885.
Net income of the company rose !,
from 1901 .462.80 in July, 1885, to
s362,255.2S in July, 1896.
The net income for the company |
increased over the seven-months Pc
riod as compared to last year from |
s2,317, 222.34 to s2.567.6l2s5.
Total operating expenses for the
month of July, 1886, were $489 ,505.59,
as compared with $472, 493.98 in July,
1885, an increase of 3.6 per cent.
d. c. Store Turnover Leads.
Washington department stores turn
over their stock more rapidly than
stores of any other cities in the fifth
Federal Reserve district. according to
analysis of the situation made publ"
by the Federal Reserve Bank Of
Richmond.
The stores here in Washington
showed a stock turnover during the
month of July this year Of 1886, as
compared with the much slower turn
over from other cities as follows:
Richmond, 1888; Baltimore, .272; other
cities of the district, .2s4, and average
for the area, .301.
Washington also led the fifth dis
trict in stock turnover for the first
seven months Of the year, with
figure of 2597, as compared with
Richmond, 2189; Baltimore, 2.l88;
other cities, 2l99, and average Tor
the area, 1883.
The percentages Of receivables COL
lected during the month, according to
the report were as follows: Washing
ton, 27.3: Richmond, 34.9; Baltimore,
81; other cities, 27.9, and average 1or
the fifth district, 1913.
AS reported two weeks ago by the
Federal Reserve Bank, Washington
department store sales were high, as
compared with other cities. The July,
1886, sales here in Washington were
II per cent above sales in July. 1885.
as compared with las per cent gain
for sales generally in the fifth district
Washington sales for the first seven
months of this year were 1871 per
cent higher than during the similar
period last year.
Exchange Volume Shown.
Operations on the Washington Stock
Exchange for the month of July, as
reported by the Securities and Ex-
change Commission. resulted in total
sales value of s183,307, as compared
with S259,474 in June.
This included sale of 1894 shares OF
stock here in July with sales value OF
s106,6O6, as compared with transfer OF
2,494 shares with sales value of Sta
900 in June.
Bond transactions for July resulted
In sales value of s76,70l, with ''prin-
cipal amount" of s81,7 700, as compared
with sales value of s86,554 and ''prin-
cipal amount" of $90,500.
ID. C. Drug Chains Gain.
Chain drug stores in Washington
show a gain of 9.18 per cent in bust
ness for the first seven months of this
year, as compared with the same
period last year, according to the
American Retail Federation.
Throughout the country, as well as
In Washington, the federation said
very material gains" have been regis
tered In the drug field. In Philadel-
phia drug chains show 5 per cent
gain for the first seven months Of the
year; in Baltimore, I'LL per cent in
July, over July, 1885; in Atlanta, 1875
per cent gain for the seven-month
period: New York City. So per cent
increase for July and an accumulated
increase for the year of 1.20 per cent:
Indianapolis, 1874 per cent over last
year; Kansas City, Mo-, 1926 per cent
for the first seven months over the
same period last year. Stores in all
the reporting cities expect strong in
ereases in Fall buying" according to
the federation.
National Rise Smaller.
BY coincidence the Department of
Commerce also issued drug chain
report showing sales for July up 6.3
per cent from July, 1895, for the
country.
Generally speaking, the Retail Fed
Grafton declares that although adverse
weather, particularly the high tenn
peratures, interferred with consumer
buying Of preseason merchandise,
lessening materially this stimulating
influence on August buying, retail
trade for the country as whole held
up well, showing an appreciate gain
over last year.
"A strong general upturn" is seen
by the federation for September and
the Fall season. Reports from various
sections Of the country and from va
rious lines of trade show accumulative
sales increase for 1895 over 1885, de-
spite spottiness and seasonal lags.
Named to Phone Board.
John A. Remon was elected q d.
rector Of the Chesapeake & Potomac
Telephone Co., succeeding Marshal D.
Sedan, at the regular monthly meet
ing of the board, according to Lloyd
B. Wilson, president.
Other directors of the company are
William w. Everett, Robert v. Flem-
ing. Edwin c. Graham. DR.. Gilbert
Grosvenor. John Poole. Harry L. Rust,
jr.; John Saul. Merle Thorpe, Philip
o. Coffin and Lloyd B. Wilson, Wash
ington, and Fred LAWS, New York.
Remon Is vice president of the tele-
phone company in charge Of opera
tons.