Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-09-23
UTILITY EARNINGS
: SHOW CONTRAST
Pepco Net Below Year AGO,
While Capital Transit
Net improves.
BY HAROLD b. ROGERS.

Potomac Electric Power Co. showed
decrease in net income both during
the month of August this year and
for the first eight months of this year
as compared to similar periods in
1887, according to its monthly report
filed today with the Public Utilities
Commission
Capital Transit, in It's report also
filed today, shows improvement both
in its August figures, and for the
eight months. Net income for August,
which was In the red at $27,745.23 in
August, 1887, still showed loss this
August, but of only Sel2.64, an inn
provement Of $2683259.
Transit net income rose from
$84.958.60 for the eight months of
1887 to sl58l01 81 in the 1888 period,
gain of s73,l43.31, which was 861
per cent.
Transit Revenues Gain.
Operating revenues of Transit in
creased from s847,067 in August, 1897.
to $9l5,7l7 this August, an increase of
$68,650, or 81 per cent.
Operating income during the same
period increased from $27,401 to $685.
267, gain of s28,S65, or So per cent.
Operating expenses were up from
$662,732 to s675.126 during the same
period. gain of 1s per cent.
Revenue passengers fell off from
lo9.O74808 for the first eight months
of 1887 to l06.479,996 in the same
period 1898, a decline of 2594,8l2, or
"a per cent.
Potomac Electric Power net income
dropped from s386,l36 in August. 1887.
to $332,973 in 1888, a decrease of $751;
162, or 1877 per cent.
For the first eight months power
net income fell from S3,3l2.512 in
1887 to $2,S97,029 in 1888, decrease
Of s4l5.482, Or 1884 per cent.
Home Building Rises.
Washington played a part in the
national upswirg of residential build
ing during August, as contracts here
moved over the level recorded for the
corresponding month of last year
This was indicated in the monthly
comments on building by H. A. Johns.
manager of the Dodge reports divi-
sion of F. w. Dodge Corp. Resi-
Dental building contracts awarded in
the Washington metropolitan area dur
ing August" he said, topped the
contract value for August. 1887, with
margin of more than 100000. This
, follows the trend Of every section in
the At rosterp States
The August contracts for residen-
tial building in the Washington met
ropolitan area. including District of
Columbia, Montgomery and Prince
Georges Counties in Maryland and
Fairfax and Arlington Counties, Vir-
ginia. amounted to S4.577 ,000 That
includes a gain of per cent over the
contracts awarded IN August, 1887,
valued at S4,259,000.
The total of all residential con-
tracts awarded in this area during
the eight months was S26 $50, 900, with
August showing the highest monthly
total so far in the year.
In the 81 Eastern States the Dodge
news staff found August residential
contracts which tosaled 500, 1872 ,00O
That Is 36 per cent over the contract
valuation of S73,448,00o recorded in
August, 1887. At the same time Au-
gust contracts were 10 per cent over
the July, 1893. contracts, SS7,97s, 900.
Bank Resources Shown.
Resources of the % insured COM
mercial banks in the District of Co.
lumbia totaled S354.517 900 on June
30, 1888, according to survey made
public today by the Federal Deposit
Insurance Corp.
Deposits in the insured commercial
banks were listed as s306 1867, 900. De-
mand deposits amounted to $l72.665.-
600 and time deposits to sloSl 600.
each exclusive of interbank deposits,
on June 80. 1888.
Loans and discounts of the report
ing banks amounted to Se8,199,0 900.
Direct and guaranteed obligations of
the United States Government listed
by the District of Columbia banks
amounted to sos, 915, 900 on June 80,
1888. Other securities totaled S24,-
$4,000.
Cash on hand, balances with other
banks and cash items in process of
collection in the 1928 insured COM
mercial banks throughout the coun-
try amounted to S16,370, 100000, an
increase of s1.83O.579,0oO over the
total reported on June 30, 1887. De-
posts declined from s47.799, 892, 900
to s47,429.821 900.
Virginia Report Given.
Resources of the BIT insured COM
n1ercial banks in the State of Viz
ginia totaled s63S,o3O,OOO on June 80,
1898, a ccording to a survey made pub
lie today by the Federal Deposit In
surance Corp.
Deposits in the insured CONNER
cial banks were listed as S549,559, 900.
Demand deposits amounted to $685.
$4,000 and time deposits to $685.
1902, 1000, each exclusive of interbank
deposits, on June 30, 1888.
Resources of the 100 insured COM
1nercial banks in the State of Mary
land totaled s602,27l 900 on June 80,
1888, according to survey made pub
lie today by the Federal Deposit In
surance Corp.
Deposits in the insured commercial
banks were listed as S532, $4,000 De-
fnand deposits amounted to $685.
900 and time deposits to s196 1853 900,
each exclusive of interbank deposits,
on June 80. 1898.
Calls for Cooperation.
Hope for new relationship of "co-
operation" between industry and Gov
eminent was seen today by Prentiss
L. Coonley of Washington in an adj
dress at Pittsburgh before the Ameri-
can Trade Association Executives.
Referring to industrial development
in the United States. where Govern
ment has steadily extended its super
vision over industry" Mr.. Coonley
pointed to periods of changing rela-
tionship between these two as being
disturbing and difficult"