Evening star., 1915-02-01
Comparative Net Earnings.

Comparative Net Earnings.
Net earnings of the Washington Gas
company for 1910 were $457.7ss; in 1911.
s4s5,01o; in 1912. s61o.15S: In 1913,
ss26,1c1, and in 1914. $55s.12s.
Shareholders have received dividends
Of $S24,0o0 annually since 1910, when
they received 1851, 600.
That the earnings have increased as
rapidly as these figures indicate with
the increased dividends is something OF
commentary on the economies that
must have been put in force by the
management since 1910 and 1911, for the
price of gas has been reduced to S5
rents per thousand cubic feet, net, to
ronsumers.
Other Statistics of the Year.
During the year the total revenues OF
the company increased SSo.s5S. sales Of
=as showing an increase Of $4,000. but
The by-products did not bring as large
revenues as in 1913.
Operating expenses in 1914 were over
SO. 900 greater than in 1918. enriching
oil costing $4,000 more. and the total
reduction expenses over $4,000 more.
Total commercial expenses were smaller.
were salaries paid and many other
tens. Depreciation charges were $685.
Me; Undr the head of general and
4niscellaneous expenses there was q
saving Of about $4,000.
Presidents Address.
II. s Reside. president of the COM
.,any. in his address took occasion TO say
that since the advent Of the new year
very dollar of the company's indebted
Ucss. other than for bonded Indebtedness,
,.ad been paid off; that bills payable.
mounting in the annual report to s375,-
%. had been wiped out; that the COM
'any had made an excellent contract for
-uriohing oil and would save much money
'Hcreby. He predicted good year for
the company, and made further an
nounce,nent that the bond issue of $780,
600 . per cents had been sold, turning a
natter of $4,000 into the treasury of the
cumpany The company's treasury had.
thus been reimbursed for the expenses
OF construction. he stated. and the cor
porate finances were in much better
shape than at the time the annual report
had been prepared.
Directors Chosen.
The board Of directors for the current
year was elected as follows. there being
no change from the roster of 1914:
Howard S Reside. Ord Preston. Guy F.
Whiting, Joseph Letter, James NJ Green,
Daniel Fraser and John D. McIlhenny.
Retire Emergency Currency.
Washington bankers this morning re-
tired about $4,000 Of emergency cur
rercv. practically completing the re-
turn Of this circulation, taken out at
tho outbreak of the war. There Is but
little profit in this circulation. as the
t@N is now on a high basis, and the
supply of funds is ample for all de-
taands.
Treasury Statement.
The receipts of the United States
Treasury for January 20 exceeded the
disbursements by s7.402 making the
deficit for the month of January to
that date s1o75s.57s and for the fiscal
year to that date $90.r77.03e, as COM
pared with s41. O.047 for the last fiscal
year at the same date
Lower Rates.
The federal reserve board has low
cred the discount rate Of the Dallas
regional bank TO per cent for sixty
DAYS maturities. Az per cent for nine
~ days and 5h per cent for longer
naturities These rates. 1t is thought.
should make re-. counting very prof
The reserve board issued many ex-
plaratory instructions Saturday re-
garding the purchase of warrants by
regional banks, agricultural paper. etc.
Local Bonds Strong.
At the regular session Of the WASH
ington Stock Exchange today bonds
showed excellent strength. especially
Gas SIS. which advanced to 1o4 on sales
of $4,000 face value. The fact that the
company has disposed of its entire
issue Is held responsible for the ad-
vance. Investors were the buyers.
Railway As were also IN good demand
with $4,000 sold at 81
The preferred stock of the Washing
ton Railway and Electric Company was
4 shade easier. being offered at IS, the
bfR prfce of last sole