Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-11-26
Pepto Earnings Lag
Behind Last Year
During October
$3.50, 544 Profit Compares
With $685., 089 Shown
In 1887 Month
By EDWARD C. STONE.

trio Power Co. in October totaled
the substantial sum of $3.50 ,544.66,
compared with 1887 ,O89 20 in Octo-
Der, 1887, drop of $27,544.54, &C
cording to the monthly statement
just filed with the Public Utilities
Commission.
Operating revenues amounted rc
$1,267,71094, an increase over Octo-
Der year ago of $32, 474.64. Operat-
ing expenses, however, climbed TO
$8O8, 925.19, an increase of SAB $40 As,
leaving net earnings from opera
tons amounting to $456, 785 rs,
which was $11 O6592 under the 1887
mark. Deductions for interest and
other charges required S99,465.33.
The report also showed earnings
in the first 10 months of this year.
net income reaching 1882 ,637 80
against S4,O91, 75480, decrease Oh
$500 1850 or II per cent.
Operating revenues totaled ST.
AT, 562.02, gain of 1896 ,521.94 over
the like period last year. Here again
operating expenses also mounted
1892, 1O6.75 registering an increase
of 1925 sos 65, and leaving net earn
ings from operations of $4,535 ,455 .27
q decrease of $330,083.71.
Transit Report Gratifying.
The October report of the Cap
ital Transit Co. was gratifying to
holders of the corporations securi-
ties. Should the upward trend in
earnings continue over consider
able period, dividend prospects
would be much brighter,
Standing at $38, 1922, the Oc-
tober net income compared with
SIS ,24395 in the same month year
ago. This was a gain of $22 948.47
or an increase of 1908 per cent.
In the first 10 months net earn
ings totaled S193,12 in COM
parison with S87 ,11441 a year ago, a
jump of s1O6,0O9.81. or 121 per cent.
Revenue passengers in the first
10 months of the present year num-
bered 133, Isl 1894, against 135, $50 ,408,
or decrease of 2,401,014
The passenger figures are not sur
prising as some falling off in the
number of street car and bus riders
was anticipated by officials at the
time the higher fares went into
effect.
d. c. Collections Lag.
Washington residents failed to pay
their department store bills as fast
in october as folks did in other parts
of the Fifth Reserve District, the
Richmond Reserve Bank reported
today.
OF receivables due on October /
only 279 per cent were paid during
the month, while 80 per cent of out
standing bills were paid in Balti-
more and Richmond, 80 per cent
in group of other cities and 3O4
per cent as the whole fifth district
average.
In the first 10 months of this year
stocks were turned in Capital stores
3543 times, against an average for
the whole fifth district of 1892
times, 3.187 times in Richmond and
3172 times in Baltimore. In Octo-
Der alone the Washington record
was slightly ahead of the whole
district.
Stocks of goods on hand at the
end of October were 76 per cent
larger than at the end of September,
but were per cent lower than at
the end of October year ago. Store
stocks in the whole district were
per cent lower than on october 81,
1887, the report said. Retail sales
In the Capital in October were 16
per cent lower than last year and
off 81 per cent in the first 10
months of 1898.
Turner Sees Yuletide Rush.
With business recovery making
rapid strides, all signs point to an
exceptionally busy holiday season
for local manufacturers, retail stores
and the public generally, in the
opinion of c. w. Turner, superinten-
dent of the Railway Express Agency.
Mr.. Turner bases his optimism on
advices received from his company
advising him to be prepared for the
handling of an unusual volume of
gift shipments expected this year
and to arrange for prompt deliveries,
even on Christmas Day.
While Mr.. Turner urges the public
to shop early and ship early" he
expects the usual last-minute buying
and shipping by tardy customers.
National Bank Assets Expand.
Total assets of 5245 active national
banks in the United States, Alaska,
Hawaii and the Virgin Islands on
September %, the date of the most
recent bank call, amounted to $780,
718,522,0OO, the controller of the
currency announces.
This is an increase of 1881 100000
or 100 per cent, over the amount
reported on June 80, the date of the
previous call, and an increase of
1894 1927 ,0OO or 1877 per cent, over
the amount reported on December
81, 1887.
The controller reported loans and
discounts, including overdrafts, on
September % showed decreases from
both June 80 and December 81
They amounted to $8,298, 604 900 on
September %, as compared with So
334,62400O at the end of June and
$8,813,547 900 at the end of last year
Today's Trading on Exchange.
Woodward & Lothrop common
stock appeared on the Washington
Stock Exchange board today for the
first time in several weeks. Ten
shares sold at Sc.
Washington Gas Light preferred
closed the week at the high for the
year reached several days ago-105
Ten and five share lots changed
hands.
Bonds were neglected.