Evening star., 1915-02-02
GEORGETOWN GAS CO.'S
1874 SURPLUS, $12,09O
Gross Revenue From Years Opera
tions, $17s,3os; Net Earnings Be-
fore Deducting Charges, $50, ,202.
Local Securities Were Easier and
Decidedly Quiet-Mutua1 Fire
Company's Election.
BY I. A. FLEMING.

The annual report of the Georgetown
Jas Company for the year 1914 show
a net surplus from operations OF SIC,
Qa0.1S. derived from the sale of gas Il
the amount OF s157.S5s.6s. by-products
TO the amount Of s19.450.2s. and reve
nue from other sources Of s1.99s.53
making a gross revenue of s17S,3os.50
From the gross earnings. operating
expenses of $61.os1.s0 were deducted
leaving net earnings Of sSo.202.5o
Taxes called for s14.44o.25 and interest
s23,S72.o7, leaving a net surplus, al
stated above. of $12.0s0.1s. From this
dividends of 81 500 were paid.
The general amortization charge wa1
ss.03s.47 and the amount set aside 1ol
depreciation was $1.S14.S1.
The actual cost of the property used
in the conduct of the business up to
1sssmOfs rsise5 is given s asis a. sis77s1ssi
The Indebtedness of the corporation
ss shown in the report consists OF
current accounts. payable, sS'oss.i
loans and bills payable, $4,000: certif-
Gates of Indebtedness. $213,ooo; PONDS
$4,000.
The average price per thousand cubif
feet for gas sold was $500 or little
less than 90 1-10 cents. The company
manufactured 202.0s5.200 cubic feet OF
gas and sold 16o,72s.42s cubic feet.
During the year cost OF extensions
and improvements to the plant: etc,
vas sa0.a6o67. of which $14.es2o3 was
for trunk lines and mains.
A. C. West, with S46 shares. Is the
largest owner of the stock: Robert D p
Flather. 271 shares: Elizabeth May
rammack, 200 shares. and other stock
holders from one to 121 shares each.
Yo~.1 SaeurftfeS.
There was no activity in local Sc
curities on the Washington Stock Ex-
change today and the dullness was at
tended with little weakness. made
more evident in Washington Gas than
elsewhere, although the sales were re-
stricted. Last weeks closing on Gas
shares was 76 No sales were made
yesterday. The first sale this after
odd lots sold at 75s, but the official
closing was with tho stock offered at
Railway preferred was steady at
S4H to IS, with small sales.
solidated IS started at sax and closed
$500 bond of the Washington Rail-
way and Electric Company sold at III y.
Mutual Fire Insurance Company.
The annual meeting Of the Mutual
Fire Insurance Company was held at
the office of the corporation yesterday
afternoon. The gathering was espe-
cially interesting, as the company has
lust completed Its sixtieth year In
business.
The former board Of managers was re-
elected unanimously as follows: George
T. Dearing. W. A. H Church, r Harrt-
son johnson. B. F. Saul. Frank H Burns.
j. T Petty and c. Kattlemann-
The board organized after the election
and reelected the officers as follows
George T. Deartng, president L. Pierce
Boteler. secretary: w. A. H Church.
treasurer Franklin Barrett, assessor, and
". Reed MacGill and II. B. Simpson, as
s.stant secretaries.
Treasury Statistics.
Receipts Of. tho United States Treas-
my for January 80 exceeded expenses
by $l.ooS.432 making the deficit for
tho month to that date $s.75o.os5. and
for the fiscal year to date. $89.170.543,
as compared with s.1o6.911 for the
corresponding date of tho previous
fiscal year. .-