Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-12-09
s~zEsT OFFICE OF THE PRESIDENT
WASHINGTON GAS LIGHT COMPANY
WASHINGTON, D. C..

cepts the Company Exclusive of gas sold the Georgetown
Gas Light Company of $75 49, and reduction the
Of annual dividends paid stockholders Of 1870 compared
with the dividends paid between November 1910 and August
1917 In this connection the Commissions attention called to the
fact that the loss would have been considerably larger had the
Company the of good business foresight April 1915.
entered for large quantity Of gas oil which would
have been sufficient for its ordinary until about April ~
1918. though by Of the abnormal the population
Of the District which increased the demand for for heating and
cooking the Company recently has had purchase three
millions gallons of OIL the market price Of which slightly under
cents per gallon than twice the price paid by the
Company under its contract April 1915 The increased for
this material Alone for the year 191s together with additional oil
which and will be required during the last months Of the
present year. will be s4s6ooo the Of
gas per thousand cubic feet Of 1888 cents.
During the of 1916 and 1917 the Company
perenced considerable difficulty obtaining sufficient coal
ply needs and there days during the months when
there scarcely days supply hand The anthracite coal
which purchased during said period cost the Company
matey 500 and boiler fuel about o7 than during the pre-
winter
The Gas Company has had prepared from books by the
American Audit Company which submits herewith Exhibit l.
full and detailed showing the quantity of
sold from October 1915, to September &c. 1916. and from Oc
,ober !, 1916 September 3d. 1917 together with the
including of delivered at the burner and also state
showing the Of maintenance for the period Of FIVE
from 1912 to 1916 both inclusive 5457 cubic
feet of gas sold
From these will be that the average price
thousand cubic feet by Company from sales Of
gas bween October 1915 and September 30 1916 under the
then existing 1921 cen and for the period between
October l. 1916 and September 3d. 1917 under the seventy6ve
private and seventy the United States
and the District of Columbia Exclusive of gas sold the George
Gas Light Company the average price received only
1858 thousand cubic feet While during said last
mentioned period cubic feet gas Sold
yet the receipts SIS 56518 less with increase in operating
expenses Of 97793 those Of the preceding year. The
American Audit Company also show that the the
Company for gas delivered the burners including during
the period from October l. 1915 to September 3d. 1916. was
51o07 cents while for the period from October 1916, Sep
TENDER 80 1917 it 535S2 cents thousand cubic feet
The Company also files herewith Exhibit No. statement
prepared by Humphreys Miller Inc, of estimated earnings
Exclusive of outside operatons from estimated sales of gas Tin
Guiding sales the Georgetown Gas Light Company for the year
ending December 3D. 1918 the herein stated show
ing the of the value of the property (ncung the
Georgetown Gas Light Company shown said statement of
$548O4O0 and also of the fair amount found
by the Public Utilities Commission December 3D. 1916 brought
down include additions the property and the Georgetown Gas
Light Company property. of $40 3306O0 Said shows
that owing the increased Of manufacturing gas including
creased if the existing continued during the year
1918 the loss upon gas sales Exclusive Of outside operaons will
be 4 loss of LIZA each thousand cubic feet Of
sold; and with nothing pay the way of interest
bonded indebtedness dividends stockholders the
value Of the property either shown by the books of the Company
the fair amount found by the Public Utilities Commission
The Company also files Exhibit No. prepared
by Messrs Humphreys Miller Inc of the estimated gas
the burner ncug the Georgetown Gas Light Company TO-
The ending December 3D. 1918 compared with the actual
for the year ending September 80 1917 with explanatory