Evening star., 1937-01-30
c. .&P.PH0NEN NET
$2,026,33S IN 1886
Gain of $113,5O9 Revealed
Over Previous Year in
Annual Report.
BY EDWARD C. STONE.

with s1,s12.829 in 1885. or an increase
OF 500, according to the annual
report just filed with the Public Utili-
ties Commission.
Operating revenues in 1896 totaled
S10,597,013, against Sl0,066 522 a year
ago; operating expenses required
s7,537,180, compared with $7.153,4
operating taxes called for $867. 1923.
against $735.234, leaving net income
from operations of S2.192.510 in 1886
in comparison with $2,177,804 in the
previous year.
incorporating income was about
$4,000 more than year ago. while
interest deductions took only $182, ,790
against S267,04l. There was net
gain of 1884 in the number of tele-
phones installed during 1886, not quite
as high figure as the 1912 installed
during 1885. Telephone calls were
much more numerous, 219.178,o0O
against 1851 900 in 1885, the report
reveals.
The Chesapeake e. Potomac Tele-
phone Co. also filed the December
statement, which showed an excellent
months business. Operating revenues
totaled s915.3S3. compared with s873,-
053 in December. 1855. Operating
expenses were kept well in hand,
standing at S646, 1872. while this item
year ago was s64l825. Taxes were
slightly higher. leaving a net income
from operations of s205,92l, well
above the $l73,025 a year ago.
Incorporating income was much
better and total gross wa higher than
December. 1885. Interest deductions
totaled Sl6,458, leaving balance be-
fore dividends of Sl95,253, compared
with sl59.o76 in December. 1885, a
gain of s36,177. There was a gain
Of 1862 installed telephones in De-
cember and marked increase in
calls over the same month in 1885,
the statement reveals.
d. c. Exchange Sales Lower.
While total business on the Wash
ington Stock Exchange in 1886 was
well ahead of 1885. trading in Decem-
Der was not as active as in Novem-
Der, the Securities and Exchange Com
mission reports. The dollar value of
stocks sold in December was S85 800
on turnover of 2043 shares, COM
pared with the dollar value in No
vember of s207,l9l and turnover
Of 3.167. The sales value of bonds was
S38,319. against s57.S5. in Novem-
ber. Stock and bond sales together
totaled s123.633 in December and
e265,O42 in November
The dollar value of sales on all
registered securities exchanges in De-
cember, 1886. amounted to S2,676,-
525, ,432, a decrease of So per cent
from the value of sales in November
and an increase of 1877 per cent over
the value of sales in December. 1885
Stock sales. including rights, had a
value of s2,358. .956. .424. a decrease of
So per cent from November Bond
sales were valued at S317.483. 1876, an
increase Of 81 per cent over Novem-
Der.
Total stock sales in December, in
cluding rights, we're 99,755, 1867 shares,
or 5.8 per cent above November's total.
Total principal amount of bonds was
s446,393,325, an increase of 1858 per
cent over November.
mond exchanges was much better in
December than in November, the same
report shows.
Roper Urges More Advertising.
In periods of economic depression,
advertising can and should assume
a leading role in starting recovery
processes, and once the recovery move
ment has begun, efforts must be made
% sustain it on an increasing
.evel looking to sound future develop
.nent. Secretary of Commerce Roper
said in a speech before the Advertising
Club of Baltimore.
Mr.. Roper said that the index of
advertising activity increased from
the low of IS in 1888 to SO in 1896.
Frederick j. Young, receiver for the
Bank OF Brightwood, United States
Savings Bank and the international
Exchange Bank, has combined the
three receivership Offices in the United
States Savings Bank Building at
Fourteenth and U streets northwest.
This move will reduce expenses and
make possible sale or rental Of the
Bank Of Brightwood Building and the
International Exchange Bank Build
ing. To date the United States Saw
ings Bank has paid back 80 per cent
Of the money due depositors. The
others have not paid as much.
81. Business Gains rs Per Cent.
Charles w. O'Donnell, general
agent Of the Minnesota Mutual Life
Insurance Co., reported today that
the company's business in the Capital
increased 25 per cent during 1896, and
that the agency stood in twentieth
place among more than 100 agencies
in the country in new policies writ
ten. This gain in the Capital COM
pares with national average increase
in new business of per cent over
1885. During the year there was a
substantial increase in assets, surplus
and contingency funds.
The Washington branch Office of
the New York Life Insurance Co. is
planning luncheon at the Shoreham
Hotel next Monday in honor of Earl
D. Krewson, the local manager, who
Is celebrating his 35th anniversary
WAol1 WAC SOAiPdAy. n luduC
up Of Arthur M. MINER. w. S. Stone,
Alma McCrum. Carl Reisinger and
David Samakow Is making the ar
rangements.
Gas Office Gets Attention.
The former Office of the Georgetown
Gas Light Co. has been redecorated
since 1t was merged with the Wash
ington Gas Light Co. on December Z
last. The Georgetown Gas Co. no
longer exists as a separate concern,
all assets and liabilities having been
transferred to the Washington Gas
Light Co. The operations Of the two
companies had been gradually unified
before the merger finally took place,
so that the most noticeable effect to
the public of the consolidation has
heen the discrimination of the name