Evening star., 1924-03-24
WASHINGTON GAS 4
NET INCOME DROPS
Decrease for February as
Compared With Year Ago.
Local Financial Review.

Net corporate income OF the Wash
ington Gas Light Company for Feb
! ruary last aggregated SI02134. .
decrease of approximately $4,000, a.
compared with the $126,459 earned
in February of last year. A decIins
. Of approximately S41 900 in CONNER
ctal gas sales during the month. as
against February. 1923, is rcspon
sible for the difference shown.
| check-up Of a statement flied wifi.
the Public Utilities Commission TN.
morning shows
! Operating revenues Of the utiI;f,-
amounted to $4S0.S4s. while cynnnse.s
! during the period under d .>sciIs.toIf
| totaled s%12. G9f. 4 decline Of about
,, $4,000 over III" same period last
year.
| deductions We're made to the extent
! or S44.O4O. classified as follows. Rent
| sl0U; interest Deductions S82470 an,
/ Sl.flO for amortization OF debt dis
I count and expenses
I ON the other hand. the net corporato
! income of the Georgetown Gas Lf.Tr
/ Company for February last is slightle
! above that Of 1aSt year. nangel.
s7.S97 and S7.o36. respectiyciy.
! Operating revenues IF This SUI
f! sidiary amounted 10 Sis.T9@. with -
penscs tntaling $&62JA aud 4cdss#
/ ti0ns amounting u S&,G-1
Investment Offerings Today.
! In the Investment OFFERINGS of ,.-
. day is included one that is of sperf.sE
! Interest i" the investing public -
! Washington. The krcscr pcpartlaer.
, stores. Inc, who jusi recently an
! h"unCed the acquisition rt ta. P....
! Royal. are issuing - uesv per cs-r.
cumulative preferred stock al tIr=
per share. Purchasers us the preferred
are allowed the "pportunitr of SUI
Scribing 10 the new common s+rss
at 500 per share in the ratio ~ oaa
share of commor for eycry two shares
of preferred The preferred VIII r..
listed in du" course Ou the New Yor1
stock Exchange.
The management Of this corpora-
ton Is the same that has henr
identified with, aud responsible for.
tn" great success Of tG" kroS-c f%a-
and -ten-"ont stores
Subscriptions arc hoiDg received f.e
/ Dean. uuatiEia & Co., Who report
very active demand fp" tde issue
Rapid Transit Showing.
corporate income or tho V-a-rz,.z-
Ton l;apih Transit |"mpar2-. amount
ed TO net OF Si.N@G iu Frhruars.
1921, statement uf earnings flcd W.T..
the Pubic UtiIjties Cour'iss on show,
heretofore the compau4 las been rathes
consistent III reporting losses
\ hearing on The compary's app'.-
cation for permission to increase 5t-
present rates 70 q fat charge or .a
cents will b. held on April j
Addition 10 Banks Directorate.
Thomas L. FARRELL president OF r..
washington Savings Bank. today am
nounCed the election If A e. Casa
vice president and general manage.
Of the PalaiS Royal, as member o.
the. board Of directors OF the inst
i, tuition.
Mr. Case has been in Washington
since 1916, coming to the Palais Ros
al from Los Angeles. In the western
city Mr.. Case was connected with tn.
Vile de Paris.
When he first came to this city Mr.
Case was named business manager o.
! the PalaiS Royal, under y. I.isner. Rp-
! Gently. when the :. s. KreSge Dcpari-
ment store Corporation purchased tiaa
store, Nh Case was elected vice presi-
! dent and general manager.
J Since Mr. Case has become head d
/. the Palais Royal the business at tn.
store has increased by nearly four
| times.
/ Record of Stock Issues.
] Preferred stock Of the Washington
; Halfway and Electric Company con
! tinued to display weak tone on the
! local board this morning. The initial
! sale of five shares was made at 70 hut
! subsequently dropped 10 7lai on II
transaction involving ten shares. Com
mercIai National Bank was compare
! tlNeiy active and stronger at H., With
Riggs unchanged at 293I.
! y sale of 500 Washington Gas IS
at l0e@s was the only bond transaction.