The Washington herald., 1922-02-17
WASHINGTON GAS
PROFITS s7l,S52.59
DURING JANUARY
Huge Gain Over 1921,
But Materially Under
Previous Month.
OTHER LOCAL NOTES
District Bankers Association
To Meet Tonight-Dis-
trict Prices Firm.

The Washington Gas Light Com
pany was operated at a net eorpo-
rate income of ST1,5S2.59 during the
month of January, according to re-
port of condition received by the
Public Utilities Commission yester-
day. This is considerably higher
than for the corresponding period
a year ago. but indicates an appre-
ciabIe decline over figures for the
previous month of December. 1921.
During the month Just passed, op-
Grating revenues of the company
amounted to s46S, 605.55. with eperat-'
ing expenses aggregating -s344.26S.
Outside operations netted s507.sl in
revenues. making a total net reve-
nue. Of s124.s5O3s. Total deductions
from this amount totaled s2O,416.90.
leaving a net operating income Of
S104. 433.46. Other income amounted
to s1.5S5.69. with interest deductions
aggregating S33.S43.37. Amortization
Of debt discount and expenses to-
tailed s6S3.1s.
Bankers Meet Tonight.
Officials of the District Bankers
Association yesterday expressed the
opinion that the meeting to be held
I'm the auditorium of the Cosmos
Club at 8 o'clock tonight would prove
one of the most successful in Dis
trict annals. Formerly meetings OF
the association were held at D.
m, which time proved unsuitable for
many members. necessitating minor
officials being delegated to close
banks. late dinners. etc, all of which
had a tendency to reduce the at
tendance.
While nothing of special impor-
lance Is scheduled to come before
the assembly, it is probable that suE-
gestions leading to a remedy of va
rious defects now existing in GER
tain banks vicinities will be offered
Local Securities.
Firm prices again prevailed in re-
stricted trading = on the Washington
Stock Exchange yesterday. Mergen-
thaler was particularly strong. odd
lot sales totaling shares being
made during the regular trading
period At 1925, the issue closing
with 142 bid and 142A asked.
Washington Gas 71ss sold at the
high figure of 106. and Washington
Railway and Electric As at So. City
and Suburban IS sold to the extent
Of $1,000 at so.
second NdIlOndl Bank again DfOke
into the sales column, 10 shares be-
ing traded in at 14S. A like amount
of Lanston Monotype sold at "A.
Call money ruled at per cent
bid for s per cent funds.
W. r. & f. Dividend.
At a special meeting of the board
of directors of the Washington Rail-
way and Electric Company the quar-
terly dividend of IL per cent was
declared payable. on the preferred
stock March l to shareholders of
record February is.
Owing to the pressure of business
at the January meeting. it was an
nounced that the board did not vote
the dividend at that fine. The COM
pany will pay S106.250 to holders Of
preferred stock on account OF the
dividend. The par value of the
amount of the preferred stock actu-
ally outstanding Is $500. 900.
Roe FuIkerson Toastmaster.
Owing 70 the inability Of John ].
Boobar. general manager of the Ter
minaI Taxicab Company. to preside
as POSTMASTER at the annual BAN
quet OF the Washington Chapter.
American Institute of Banking, at
the New Willard February %. Roe
Fulkerson has been selected to act
in his stead. Tickets for the dinner
may be procured from r. Jesse Cha
ney, at the Commercial National
Bank.