The Washington herald., 1922-02-05
WASHlNCTONC GAS
REPORTS s77,23O
| & 1921 EARNINGS
This Sum Does Not In
elude s22,5OO to Apply
On Income Tax.
REVENUES ADVANCE
operating Expenses for Year
Show Decrease Of s457,-
n916.3s-Local Notes.
REVENUES ADVANCE

"asnlngton Gas Light Com
panS was operated at a net cor
perats income Of ;772,s3o.ss during
tns apast year according to official
staasnent of earnings made public
yesterday. This sum is exclusive
OF tsa:soo set aside to apply on the
income tax for the past year.
The total operating revenues
weresi.s5s,so2.54 for the year 1921.
an Sincrease of s15s.7ss.ss over
1870. The total outside revenue
'oPsEations of sales Department.
was s375.ss2.49. an Increase Of ST.
1880 as compared with 1920. The
total operating expenses for 1921,
were SS.632.s5l.60, q decrease COM
pared with 1920. of $457,s1s.39, and
the outside operations showed an
increase in expenses amounting to
sSSsseO.60. The total net revenue
was n.S56,7SL62. and after deduct
ingreaxes and adding other income.
leaves a gross corporate income of
SI1e,s96.s9.i an increase over 1920.
of sSs7.177.Is. The amount paid in
interest on the obligations Of the
company. was $685. .ss5.s7, and the
amount paid in dividends s4ss.000.
DThs amount added to surplus dur
ing the year was s3o4,230.s6. There
werecset up during the year s22,-
500 to apply on the income tax for
The year 1921. The actual amount
of this tax cannot be determined
until later. but II. it should prove
to be more than the amount that
has heen already set aside. 1t will
be. properly chargesble as against
the. surplus Of this year.
The total amount of gas making
LABOR, was s273.11T69. a decrease
of $40. 1.2S7.s2.
The total cost for boiler fuel.
SUPPLIES and water for the year
was 1856. as compared with
s2.s2s.b22.4s in 1920.
The total gas sales in 1921 were
i.395.444,9l2 cubic. feet. and the
totalzgas made was 4,S7S,s 1927. 900
cubic feet: while the unacoounted
forn&9s was 4s5,136,3ss cubic feet.
While the total amount Of gas
safeS show a falling of for the
years. account of the mild
wsAkher conditions and natural
change in the population OF the
city this condition was not unex-
pecfed and IL is confidently hoped
thkr.sthe gas sales this year will
eqIlAl,.if not exceed, those for the
year 1920.
the-Hashington Gas Light Com
4 pan~.-of record January IA. 1922,
wss-.4193, of which there are $50
shaveholders who are women The
nun1ber OF gas. consumers as Of
December 81, 1921. of the COM
pany.csnd it's subsidiaries amount
TO -antotal of $3.50.
Thsre have been two reductions
in thA-price charged for gas during
the ,.ear.-one from S1.S2 to S1.2S
perE a. 900 cubic feet, and another
from ss1.25. to, S1.10 per 1000 cubic
feet. 9 There were also consequent
red,r-rions in the Wholesale rates.
the minimum dropping from sl.O1
TO 30 cents.
The total miles of main owned
by 1nr company as of December
81 ,1Aal Of all sizes, were 56S, OF
whtelf IL miles. costing $685.
03e.af.s were laid during the year.
In addition, there were 1921 serv-
ics.pfpes put in for consumers. The
total number Of street lamps in use
At the end Of the year was lO'dbV'
1884 being erected in 1921.
The manufacturing conditions OF
the ,cernpany have been good through
ont the year, and the percentage
Of complaints has been much les
ssned and the service OF the COM
panY has been good.
DIExinS the year the company took
5ourn for sale S3TO.O0O of the IA per
cenr-fye-year callable notes. but on
SaccaIat Of the falling interest rates
, il Eas deemed better to use the
notAas collateral for loans in banks
rather than sell them for the present.
q, Local Securities.
A.ra.e of more than . points over
bssrecent high figure in Mergen-
thaIsr Linotype featured yesterdays
interesting session on the Washing
ton I stock Exchange. This issue
operted at 14O. and after IL shares
had, been sold, advanced to l4O%'
then 10 141 and to 141b. at which
quotation the security closed.
washington Railway and Electric
offetags also occupied a conspicuous
position in the days trade. Heavy
selIHhg Of the preferred stock brought
abott a decline Of II point from the
day6 high, this issue opening at 66
andIcaosing at 65k. A total OF 275
shases changed hands. The per
cent bonds of the company sold to
the hxtent Of $1,000 at So.
twenty shares of Lanston Mono
typs were also disposed of at "a,
whilh represents a substantial ad-
vante over previous quotations.
Treasury Statement.
At the close Of business Friday.
rrohr,,ary Z the Treasury DEPART
nert reports a total Of sS5S.s49.017
5notss outstanding. including s74s.s43.-
6I7 rational bank notes, and s110.-
oOJ.+e8 of the Federal Reserve sys-
.Sotes issued since January 27 to-
IiS14.Oss.1s0. including s12.Oss.1so
national banks and 100000 OF
= Federal Reserve system.
Aedemptions total S16.537.s2O, in
aing sI3.60S.620 Of national banks
s2.929,OOO of the Federal Reserve
Aem