Evening star., 1922-02-05
GREATERREVENUE
FOR GAS COMPANY
Reports Issued Before An
nuaI Meeting Tomorrow
Show Gain of $567,177.16.

The annual meeting of the wash
ington Gas Light Company will be
held tomorrow. Publication OF an
nual reports is made in advance for
the benefit of shareholders.
Howard S. Reside. president, in
his annual report to the stockholders
will present facts and figures in de-
tail of the operation Of the company
for the calendar year 1921.
The total operating revenues for
the year we're s4,s52.S02.54, an in
crease of $15s.7sS.ss over the total OF
1920 The total outside revenue lop-
erations of sales Department. WIS
S375,SS2.49, an increase OF S!l'lso.4o;
as compared with 1920. The totaI
s3,632,951.60, decrease of S4o1,s!o;o
compared with 1920, and the OUTSIDE
oDerations showed an increase IN eX-
penses amounting to $35,s0o.6o.
Income Nearly Doubled.
The total revenue was $1,356,7S4;6
and after deducting taxes ana aooihe
other income there was a gross cor-
porate income of s1,170,9969l, an IN
crease over 1920 of $567,lE.io. IN ~;
cations of the company was $Ss9.-
6S5.97, and the amount paid in dlvi,
dends s46S,OOO The amount added
to surplus during the year was *aVs'-
2s0S6 There was set up during tne
wear s22,5OO to apply on the income
faX for the year 1921. The actual
amount of this tax cannot De oe
termined until later, but II IL snoulu
prove to be more than the amount
already set aside 1t VIII De psUp- ,,p-
erly Chargeable as against the SUI
plus of this year. ,.,,,ro
The total amount OF gas-maklns
labor was $273.117.69. decrease OF
$10.287.s2.
Costs Less Than In 1920.
The total cost for the boiler fuel.
generator fuel. gas. oil, purifying sup
plies and water for the year was
s243O,75S.65, as compared with $2,S2S'-
6624S in 1920.
The total gas sales in 1921 were
4395,444.912 cubic feet. and the total
gas made was 4.S7S.S27.0 900 cubic feet,
while the unaccounted-for gas was
4S5,f36,3SS cubic feet. The totai
amount of gas sales shows raining
off for the year. due, 1t VIII ps :
weather conditions and natural
change in population of the city.
stockholders Number 1873.
The number of stockholders of the
Washington Gas Light Company OF
record January Is, 1SSl, "dS A,I'o' ".
whom $50 are women. The number OF
gas consumers as of December 81, 1871.
of the Washington Gas Light Company
and it's subsidiaries was SS.649.
There have been two reductions IN
the price charged for gas during the
year. the report will show, one from
s1.32 to s1.25 per 1000 cubic feet, and
another from S1.25 to $1.10 per 1000
cubic feet. There were also consequent
reductions in the wholesale rates, the
minimum dropping from s1.O7 to 80
cents. -s.sl.
Mains 563 Miles Long.
The total miles of main owned by
the company as of December 81. 1921.
of all sizes. were 563. of which IN
miles, costing s66.039.94. were laid
during the year. In addition. there
were 1897 service pipes put in for con-
sumers. The total number Of street
lamps in use at the end of the year
was 10,760, of which 164 were erected
in 1921
During the year the company took
down for sale S370,000 of the seven
and-one-half per cent five-year callable
notes, but on account of the falling
interest rates it was deemed better, it
will be pointed out, to use the notes as
collateral for loans in banks rather
than sell them for the present.