Evening star., 1924-11-28
EARNINGS REASON
FOR STOCKS RISE
Gas Light Company's Net In
creased Over $4,000
During October.
BY CHAs. p. sHAEFFER.

Ihe recent firm level of stock of
the washington Gas Light Company
was rendered justifiable this morning
"heh report of the company was
made public, showing an increase IL
net earnings of more than $4,000
the corresponding month of last year
Ihe net for the month in question
totaled s84,4S0.32 as against onIv
S3Z444-23 for October, 1929
Inc sale of residuals, nameIy
water gas. tar, during the month ac-
counted for an increase of about
$9,o0o in the periods net, but the
major major contributing factor was huge
pairing In expenses, mainly in gas
making labor and specifically in boil
er and generator fuel and in water
gas oil. The last-named items com
plned saving of about $4,000 in the
month.
Operating revenues for the montn
amounted to $440,S95, a gain of about
$ll'oee over the comparative month
OF last year, and expenses totaled
SZSIoso, as against $314,581 in 1929
interest deducted amounted to S42,266
The Georgetown Gas Light Com
pany reports an increase in earninss
or 500 for the month, showing me-
or SG,s48.79, as against $7,33S.15 70,
the corresponding period Of las
year Operating income amounted Il
s4i,3o0, with expenses totaling $50
SOL. The relative position remaine.,
unchanged. both revenues and e.
penses showing an increase OF abo
$4,000.
Railroad Earnings Grow.
October net operating income
the Pennsylvania Railroad Compau
scared to $8.5SS,632, compared wit
S4,I6,911 in October, 1929, aithous
the gross revenues fell to $6s,608,Sg
from s63,160,9S9.
The New York Central line show
a substantial gain in net for &,
month, reporting earnings OF $S,17G
SS4, as compared with $38os,S7s la
year, with drop in gross to s33,14-
293 from s35,436,691.
The Baltimore and Ohio road
ported gain of $508,52e in contr:
to decline gin gross OF 1885,
and the Erie claimed a net Of 1921
2o1, compared with about S1sS7t
in October of last year.
Christmas Club Checks Ready.
The American Security and Tru
Co, will tomorrow mail checks
gregating 100000 to its Christm
Club depositors. From then un
December 10, when the District \.
tional and the Anacostia banks ma.
of holiday funds aggregating alnc
100000, will be released
The Christmas Savings Club iG
has accomplished much in inculca
ing the spirit of thrift locally II
psychological effect of the plan
particularly responsible. Member
promise the bank that they will d.
posit a certain sum each week fo
fifty weeks. They are much mo.
ra1, r,,1R r.
to keep promises made to themselve<.
1t is significant that there have bee,
but relatively few defaults in the
District.
Slightly more than half the loca!
institutions maintain clubs. Next yea
the Columbia National. Lincoln Ma
tional and the District will be in lire
The District National will be calico
upon to disburse about 100000 this
year, but this was acquired from tn
Standard National upon merger sey
eral months ago.
Rate Hearing Date Set.
Notice was given Eastern railroaas
and shippers today by the Intersta;>
Commerce Commission that hearings
on evidence and argument relativ.
to the reasonableness of present class
| freight rates applicable to territory
east of the Indiana Illinois line am
north of the Ohio and Potomac rive
would be held beginning February
Trading ON Local Exchange.
! Fifty shares at s715 gave to Wa
| ington Railway and Electric comm
stock its daily prominence on the -
| cal exchange this morning. The issu
was strong throughout the sessiJ!
as was also the preferred. which 80,
| to an aggregate of 119 shares
1914 The latter price was bid 70
| the preferred as the session close.
with sellers holding out for a prc-
| half point higher Capital Trac-
ton and Washington Gas Light wer
both strong, selling in small lots =.
! 90 and 521a, respectively. Ten sharc
| of Riggs National Bank brought Set
Washington Gas 6s sold to the e.
| tent of $4,000 at 103A, and Capt.
Traction 5s sold at 98sz.
Exchange Opens Earlier.
The exchange will meet tomorrOF
| at 1915 am. instead Of the usu;
time to allow members to attend the
| Army Navy foot ball game at Bai
timore.