Evening star., 1937-10-29
PEPCO EARNINGS.
RISE MODERATELY
c. &P. Telephone Co. Shows
Small Drop-TranSit
Loss Reported.
BY EDWARD C. STONE.


the Potomac Electric Power Co. reg
istered a small increase in net earn
ings over September. 1886, the Chesa-
peake & Potomac Telephone Co. re-
ported a slight decrease and the Capt.
tai Transit Co. went into red-ink fig
ures.
The Potomac Electric Power Co. re-
ported operating revenues in Septem-
Der as S1,20e ,482.51, gain of $751;
48036 over last year. Operating rev.
enue deductions called for $737,0579o,
rejecting an increase in operating
costs of S45,13646, and leaving net
operating revenues of SAT-, ,424.6l, a
gain of S1O,34390 over the same
month last year. After all other de-
auctions the power company reported
a net income in September of $392,-
I53.43. an increase of $3,1l4.19.
Potomac Power also filed the nine
months report revealing operating
revenues of $10,945, ,803.7S. an increase
of s478, ,840.76 or ass per cent. Op-
Grating revenue deductions required
S6,55O,11637, showing an increase in
expenses of S193, ,63899 and leaving net
revenues from operations of $685.
6874l, a gain of S294200.77 over the
like period in 1885, or TIT per cent.
Gross income was up more than 6
per cent, leaving after all deductions
q net income of s3,7O4, ,665.60, a gain
of 1917 $3.50, or 11.35 per cent.
c. & p. Revenues Lower.
The Chesapeake & Potomac Tele-
phone Co. reported operating revenues
in September of S6s3,494, against
ss4e.5S0 last year. Operating ex-
penses were also higher, 1851 sos, COM
pared with S626,643. Taxes were also
higher and incorporating income
lower. leaving a total income of $751;
ABB, against S159,044 last year. After
all other deductions, the phone COM
pany had a balance before dividends
of s137,552, against a net a year ago
of s143,67r, a small decrease of S6,119.
The Chesapeake g. Potomac nine
months report showed operating rev.
enues of S6,282 493, against S7,S90,0S4
year ago Operating expenses also
mounted, S5.975,52 comparing with
S5,6O5, ,003. Taxes were also higher.
Total income stood at 81 Sol 1882, in
comparison with S1,627936, which,
after all interest deductions, left a
total net income of S1,4l9,170, against
S1.494.720. or a decrease of S75,550
from the like 1886 period.
The average number of phone calls
per day was much higher in Septem-
Der and also in the nine months thar
last year.
Capital Transit's Net OFF.
The Capital Transit Co reported 6
deficit of S13.08814 at the end oi
September against deficit year age
of S5,2l326, or a difference of ST.
874.78. Operating revenues in Septem-
ber totaled 1854, ,695.12, an increase ot
more than $4,000. At the same time
operating expenses jumped, reaching
S660,15892.
Taxes were up more than $4,000 OF
% per cent, depreciation was more
than $4,000 higher. an increase of IL
per cent. Total operating expenses
taxes and depreciation amounted to
S822.l36,45. up $8,960.l0.
Total operating income was S42,-
55867 against S45,84710 last year, a
decrease of S3,28843 or 70 per cent
Revenue passengers showed a falling
off during the month of 1868, ,l04, or :
per cent.
There was more encouragement for
stockholders in the Capital Transit
nine months report, which showed
q net income of S7l,870.46. in COM
parison with deficit of SAB, ,420.67 in
the first nine months of 1885, thereby
disclosing an improvement Of Sl15,-
29113. Revenue passengers totaled
21.8l5,486, a drop of 3,912,966 from
last year or 81 per cent.
Xolume Climbs on ID. C. Exchange.
Trading on the Washington Stock
Exchange in September was very much
better than in August, according to a
report made today by the Securities
and Exchange Commission. Sales of
both stocks and bonds totaled S134,-
442, in comparison with S58,586 in
August, the commission stated.
Sales of stocks on the local board
totaled S116,638, against only S42,150
IN the previous month. At the same
time there was turnover of 1,175
shares, as compared with sic shares
in August.
The gain in bond trading was
smaller, dollar value of sales being
S17,806, against $l6,436. Total prin-
cipal amount of bonds sold was S19,-
900. in comparison with $16,50O in
August.
The dollar value of sales on all
registered securities exchanges in Sep
tember amounted to 81 ,761 $685. ,549, an
increase of 37.9 per cent over the
value of sales in August and de-
crease of ga per cent from September,
1886. Stock sales had value of
1,60l, 1921, an increase of 431 per
cent over August. Bond sales were
valued at s159, ,293, ISL, an increase OF
seven-tenths of per cent over August
Blake OFF to Convention.
Harry Blake left here yesterday fol
White Sulphur Springs, w. Va, to at
tend the 18th annual convention oi
the American Institute of Steel Con.
struction. Mr.. Blake is chairman oi
the board of Barber & Ross Co. ot
this city.
Some 200 companies fabricating anc
erecting structural steel constitute the
membership of the institute. The
meeting this year will attract members
from practically every State in the
Union, and will be especially interest.
ing because this has been the mos
prosperous year for the industry since
the start of the depression.
Gas Stock Leads Exchange.
Washington Gas Light preferred
stock led trading on the Washington
exchange today with five consecutive
10-share sales at 98. Mergenthalel
Linotype registered 26, while Norfolk
& Washington Steamboat Co. stocl
moved at 90 Potomac Electric Power