The Washington times., 1912-05-15
GOOlrGA|NS SHOWN
IN NET EARNINGS
j.. Of GAS COMPANY
For First Four Months of
the Year Net Increase
$85,OO0.

\ The directors of the Washington Gas
Company, at their regular meeting yes
terday, authoris cd the statement that
the net earnings of the corporation for
the first four raonths of the current
year were $2s6,000 an increase as COM
pared with the corresponding months of
1911, of $S5,OO0 They also reported the
affairs of the corporation in a most
hourishing condition. ,.- =.
These figures bear out the reports that
economies installed. and increased sale
OF gas. -. 2.
Interest on the local Stock Exchange
ferred shares of the Washington Rail-
way and Electric Company. The COM
mon stock sold freely at 80. and the Of
ferings were considerably. above. that
price. The preferred stock started at
e6le, and when the buying brokers saw
the amount purchaseable the bid was
lowered fraction and several quota
ton lots of the stock taken over at
the smaller price. When business closed
there weer offerings Of the stock on the
floor at 9611 and above.
Several large lots of Mercantile Bank
were offered at various figures, but 1856
shares was taken over by single
broker at 10, except for a small lot of
thirty-five shares at quarter of point
higher.
On call few Potomac Consolidated
bonds were taken at 1oS and one Poto-
mac Electric SIS at 1os
A few shares of Mergenthaler came
out on call at 2:1Sh.
Shareholders Of the Anacostia Bank
held their second annual meeting yes
terday and reelected the directors. The
George o. Watson, NJ M. Moffitt r.
A Pyles, NJ. Otterback, G. 8. King. J.
Frank Campbell, J. ]. Glennan. Adolf
pGsT ocersHpresdent ae a1s NJ Georse saas O. walson
vice president, NJ. NJ. Moffitt: chairman
executive committee. r. A. Pyles; CASH
Ter, M. Otterback.
The annual report showed the largest
deposits in the record of the bank and
the best earnings.
The Citizens Savings Bank sharehold'
ers held their annual meeting yesterday
The following were the elected direc.
tors: William E. Abbott, P. G. Affleck
Robert Armour, William T. Ballard. S
1ods Resselisyre nsv Hh.r1 W. P cann,ns GhalISe L n
Gibbs, w. H. Kerr, W. K. Lester, W
H: Martin, 2. J: MeQuade; n; M. Pack
ard p1dd,S John Quinn, E s.Jro j. Quinn A.
scrange. A. s. Taylor. John Tyssowski
Ralph D. Quinter, and Bestor
. Walters.
Officers were reelected as follows
President James A. Sample; vice presi
dents, A. P. Crenshaw, John Quinn. p
G. Afflick. and John Herbert Corning
secretary, Sidney I. Besselievre; attor
ney, w. e. Lester; treasurer-cashier
Bestor r. Walters. .
The bank made an excellent showing
with deposits in the neighborhood o
$4,000.
President Scott, of the Continenta
Trust Company. will return from Russi
the last Of this week. The stan of tn
Continental has been hustling bushes
during his absence.
, Announcement was made today tina
the East Washington Savings Bank wi
pay the usual semi-annual dividend n
2 per cent, payable on July 15, to stoch
holders of record on july 3.
IN recognition of the faithful service
of Sanford Ne Whitwell, assistant sec
retary of the Washington Gaslght Con
pany, the directors yesterday electe
him to the office of general auditor {
the company. This election is in IN
nature of a promation, being new pc
sition created by the present manag'
nent, and carrying a larger salary tina
the post which Mr.. Whitwell has file
for many years to the satisfaction of h
superiorS.