The Washington herald., 1921-12-17
WASHINGTON GAS
REPORTS S76,4S9.OS
CORPORATENCOME
Huge Advance Enjoyed,
Despite Liberal Reduc-
lions in Rate Charges.
OTHER LOCAL NOTES
Seventh Street Savings In
creaSes Dividend Rated.
G.. Securities Slow.

The net corporate income of th-
Washington Gas Light Company for
the month OF November. 1921.
amounted to s76.4S9.OS. according to
reports received yesterday by the
Public Utilities Commission. For
the corresponding period last year
the same income amounted to $40
Sl2.14. as against s32.127.29 for Oc-
tober. 1921.
mere comparison OF figures
leaves much untold. on November
Of last year higher rate per cubic
foot was in effect. the rate being
sl-32 per 1000 cubic feet for less
than 100000 cubic feet: for 10000
and less than zoe, 1000. sl.27: for
100000 and less than 100000, sl.22:
for 100000 and less than $50, 900.
SLY: for 100000 and less than l.
100000. SI.12, and for 100000 and
more. s1.O7.
The rates put into effect in
March. 1921, and subsequent
changes in September, provide for
minimum charge Of s1.1O per 1000
cubic feet for less than $4,000 cubic
feet; s1.O5 for over $4,000 and less
than 100000: s1.OO for over 100000
and less than 500. 900; 95 cents for
over 100000 and less than 500. 900.
and 80 cents for more than 100000
cubic feet
operating revenues for the period
In question amounted to s424.76331,
with operating expenses totaling
1923 .S46.63. Total net revenue
amounted to s131.432.44, with net
operating income amounting 10
slOS.454eT. The gross corporate in
come amounted to s11O.6s1.32, with
S33,52S.s9 deducted account of in
t"rest. and s563.35 account Of amor
tization Of debt discount and ex-
penses.
Georgetown Gas Earnings.
For the month OF November, 1921.
the Georgetown Gas Light Com
nany reports a net corporate in
come Of s3,s7s-71. The operating
revenues for the month amounted
&" s35.467S7. with operating ex-
pNnses totaIing s27,43S6O The
gross corporate income amounted
10 s7,1o6.94. with s3,31s.e3 deducted
for interest
VI. & VI. Dividend.
The board OF directors OF the
Merchants and Miners Transporta-
tion Company. of Baltimore. have
declared a dividend of per cent
on the capital stock of the COM
many. payable December 81. to
stockholders OF record December 81.
1921. Transfer books will be closed
at D. m December 81. and remain
closed until January I, 1922.
among stockholders Of this corpora
ton
Seventh street Dividend.
At a meeting of directors OF the
Seventh Street Savings Bank II was
unanimously decided to increase
the regular dividend to an per
cent annual disbursement. Pay
ments will be made on December
ord that date.
Oficials OF the institution were
rendered a vote OF appreciation by
the directorate on the highly COM
mendable showing the bank is en-
joying.
A. I. n. Meeting.
W. ]. Waller. president of the
Washington Chapter. American In
Stltute OF bdHhlnBE sCSNtiudg Gil
nounced that an open meeting OF
the chapter would be held in the
mall ballroom OF the New Willard
Hotel at s p. m. December 20. This
announcement automatically can,
cells previous announcement for De
Cember 81.
Local Securities.
After the heavy volume OF bust
ness transacted on the Washington
stock Exchange Thursday. yester'
davis session marked a let-down In
the trading on the local exchange
only three transactions were re-
corded before call, while only two
sales were made following.
A $1,000 block of Georgetown
Gas IS sold at ISL; seven share:
Of Mergenthaler were traded in a
1894, and two blocks OF ten share:
each Of Washington Railway anc
Electric preferred brought 50.
After call $500 block of Capita
traction Sc was traded in at 95H
md a $1,000 block of Washington
Railway IS sold for 65.