Evening star., 1939-12-30
Capital Transit Net
Reveals Sharp Gain
During November
Potomac Electric
Power and Telephone
Earnings Also Climb
BY EDWARD C. STONE.

another sharp gain in November,
reaching $46585 95, an increase of
$40 0.36991 over November, 1888, or
TIT per cent, the monthly statement
filed with the Public Utilities Com
mission discloses.
The statement is the more in
pressive when 1t is noted in the
report that the transit company de-
Quoted about $4,000 for the pay
ment of back wages which were
awarded employees following the
recent wage hearings
Operating revenues totaled ST.
028 663.96, an increase of $6l.261 81
or 6.3 per cent while operating ex-
penses amounted to $735,31925, an
increase of $48,476.57, or IL per cent
Taxes required $74,18704 which Was
$l5,995 less than last year; and de-
probation totaled Sill ,601 43, an in
crease of Sc 6,440, leaving an operating
income of $107, ,55624 an advance of
$22 ,34012 or 26 per cent. Deductions
from gross called for 100000, about
the same figure as last year.
Passenger traffic again bounded
forward, revenue passengers num-
bering 14,749,799, an increase of
1,144,603 or S.4 per cent, and one OF
the best traffic gains of 1899.
Net income for the first II months
OF this year was also reported to the
commission, total of $53l, 1853
disclosing a surprising gain of S3l2,-
1859 over last year, or 1924 per
cent. Revenue passengers showed a
jump of 1929 ,242 or 6.8 per cent, the
report stated.
Potomac Power Net Increases.
Net income of the Potomac Elec-
trio Power Co. in November totaled
1882, 2,17497 which was an increase Of
$24,51348 or TAB per cent, the report
to the Public Utilities Commission
revealed. Operating revenues total
ed 81 ,342 ,532 Co., gain of 6,598 "a.
Operating revenue deductions re-
quired 1891 1875, leaving net
operating revenues of $3.50, ,74563, a
gain for the month of S25 1919 25.
Income deductions for bond inter-
est payments and other charges
took away $98,14387 from the gross
earnings.
In the first II months of this year
the Potomac Electric Power Co. re-
ported operating revenues amount
ing to $14,456 ,47345, an increase
over last year in the same period of
$722,97679 or 526 per cent. At
the same time there was sharp
increase in expenses.
After all the usual deductions for
bond interest, taxes. operating eX-
penses and depreciation, the power
company reported net income for
the II months of S3,850,63l17
against S3,9lO,299 39 in the like 1888
period, a small decrease of $59,-
66822 or 153 per cent.
c. & P. Earnings Higher.
The Chesapeake & Potomac
Telephone Co. also reported an ex-
cellent November record to the
Public Utilities Commission. Oper-
ating revenues totaled $1,051 ,786
against $973,41l last year; operat-
ing expenses of $741,072 against
$702,860; taxes of $115,425 COM
pared with s95,309, leaving a net
operating income of $195,289 in
comparison with SITS, ,242 year ago.
Incorporating income was slightly
lower than last year. Interest de-
ductions called for $47,951 COM
pared with $39, ,108, leaving total net
earnings for November of $149 ,205
against s139,243 in November, 1888,
an increase of S9962.
Tn tho frct II y,,pptIc 1910
operating revenues totaled SILL
l3O,7l9 against s1O,371 1852. After
all deductions for expenses, total
income amounted to $2134,93
against $1,942, ,609 Interest deduc-
tions required $478,271, leaving a
net income of $1,656,664 compared
with ST 1868, ,676, up $92988.
There were 252,682 telephones in
services in Washington at the end
of November, 1899, which was an
increase of 1889 telephones over the
previous month. Telephone users in
Washington made 3O,497 900 calls
during the month, or 2,45O, 900 more
than in November, 1888.
d. C. Store Sales Jump.
Department store sales in Wash
ington for the week ended Decem-
Der % were 1872 per cent higher
than in the corresponding week
year ago, the Federal Reserve Bank
of Richmond reported today. Com
pared with the previous week this
year, sales were off per cent.
In the four weeks ended Decem-
ber %, retail sales in the Capital
were Al per cent ahead of the like
period year ago. Sales in the
whole Fifth District for the week
ended December % were IA per cent
ahead of last year and per cent
higher in the four weeks ended on
the same date, the Richmond review
said.
Agents Win Convention Trips.
John D. Marsh, general agent of
the Lincoln National Life Insurance
Co., announced today that the fol-
lowing agents, in addition to him.
self, have attained the production
requirements to attend the COM
pany's national convention in Mi
ami, Fla, January 8 to 13: Cecil B.
Ray, Vaughn W. Summers, Bernard
C. Mayberry and Hunter w. Madi-
son. The Washington agency is in
18th place in paid production for
the year among the so honor roll
agencies throughout the United
States.
Members and guests of the Secur-
ity Club of the American Security
. e. Trust Co. enjoyed post Christ
mas and pre-New Year card party
and dance last night as they frol-
licked at 24O0 Sixteenth street in
celebration of the company's COM
pletion of so years banking and trust
service in downtown Washington.
Prizes were awarded to winners by
Miss Isabel Fill and Miss Dorothea
Wassman. Daniel J. Murphy, presi-
dent of the club, and Robert Talley,
social chairman, were in charge OF