The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-03-21
WASHINGTON GAS
FEBRUARY INCOME
NTALSs129,4e7. SO
Earnings Greatest in His
tory of Company, Re
port Indicates.

The Washington and Light Com
paay was operated at a net corpor-
ate income Of s12s.4s7s3 during the
month of February. 1922. according
to statement of earnings filed with
the Public Utilities Commission yes
terday. This figure, which repre-
senfs, the largest amount in the his
y-pf the company. compares with
s16ss22.27 for the corresponding
peSsf one year ago. and with s71,-
SSer~e for the previous month Of
January. 1922.
T1te operating income for the pc
riod in question amounted to $685.
s1&nL the report shows, with OPP
Grating expenses totaling s31l,-
37s+si. A deficit of s2,03s.s7 &C.
CURED through outside operations
WHEN made a total net revenue OF
s1xZ3s5.59. Deductions from this
sum amounted to S2O.704.s3, TO which
waasI added sl.5S3.S0 for miscel-
larcnus income. From this was de-
Quoted S33,SOs.53 including s33,122.-
70 m account Of interest
Tbs huge gain in earnings over
the; previous year is directly trace
able. It is pointed out. to the huge
decrease in cost of water-gas oil
to s cents per gallon. This item
amounted to s159,s36.s0 in Febru-
aryr1s2l. and to only s97,2o2.79 last
month.
Georgetown Gas Earnings.
TIVE Georgetown Gas Light Com
pany likewise reports substantial
gain for the past month. The net
corporate income for this company
amounted to $6.oss.12. which COM
pared very favorably with s2.494.s0
for the same period Of the previous
year. and with s5.2s5.41 for the pre-
vious month of January, 1922.
Operating revenues guaranteed to
s5s, 714.30, with expenses totaling
s2s,4s2.74. Deductions for taxes ag-
gregated s1,224.S3, and S3,303.1O was
subtracted for interest.
New Exchange Listing.
The c.. and p. Telephone Company
of virginia have been granted per-
mission to list an additional $780,
900 az their first IS on the Washing
ton Stock Exchange.
The governing board of the local
exchange approved the application
yesterday.
Bankers Home Chosen.
Frank p. Reside. chairman OF
the building or housing committee
OF the District Bankers Association.
yesterday announced that after
considering the propositions includ-
ing building, obtaining quarters in
proposed structures, etc, his COM
mittee has practically agreed on the
large hall on the second floor of the
New Masonic Temple, Thirteenth
street northwest, between New York
avenue and H streets.
The proposed hall, reached by
two elevators from the main foyer,
will seat over 800 people and is not
only large. we'll furnished. etc. but
has a very high ceiling. as we'll as a
stage and two side rooms large
enough for the offices of the chap
ter and the Bankers Association
Facilities for serving refresh
ments are available and the quart
ers are just as exclusive as could be
destred, with ample parking spacG
for automobiles on the adjacent
streets to the temple.
Many of the leading past presi-
dehts Of the lacaI chaper. now both
senior and junior bank officials,
have,looked over the quarters and
given them their unqualified ap-
prevail.
Local securities.
Lanston 'Moaotype featured yes
terday's session on the local stock
exchange by selling to a new high
record on the present upturn. Sales
ageregating 100 shares being made
at,s1. The issue closed with S0A
bid and Sc asked. 1t is said that
rhs.earnings Of the company for the
year 1921 were close to 10 per cent.
There has been strong buying of the
shares for the last two weeks on
the advance from 7O1S to 81.
Capital Traction was strong at 95
10 a514. Railway preferred sold in
small lots only at s95s and Wash
inEton Gas 5s at %. Bonds were
quiet. but held very strongly.
Personals.
r. Golden Donaldson, president of
the Commercial National Bank. will
return to Washington April l. it was
said at the bank yesterday. Mr..
Donaldson has been taking an cx-
tenSive vacation in Arizona.