Evening star., 1925-07-01
GAS EARNINGS OFF
@,151 OVER 1924
Five Months Income, How
ever, Almost Double Divi-
dend Requirements.
RY CHAS. r. SH.AEFFFR.

BY CHAS. r. SHAEFFFR.
The Washington Gas Light Co for he
hrst fve months of this wear shows
the net corporate income 10 ne $50 151
In arrears Of the corresponding period
OF last year.
The accumulated net of The com
pany up to June ! as compiled from
reports filed with the Public Utilities
Commission, shows = total of s37o.2as
as against s431,439 for the same pe
rlod or 1924. Inasmuch as dividend
requirements for the period amoun'
TO only $19S 900. il is seen that earn
lnss thus far provide a margin ~
almost 100 per cent
Inc company earned net Of sa9
9o4 In MAY. decrease of about
$4,000 from the S74.7S1 reported for
the same month Of last year. Oper-
atlns revenues amounted 10 S41s99S.
and expenses to S29O.S02. Intereef
/ deductions We're made 10 The extenr
oil S42.S65 in the month
Georgetown Gas Light Co earned
net corporate income of S4569 fn
MAY. Operating revenues totalad
>49.os6. with expenses of 5000
Money Turn Over Very Heavy.
The local turnover Of capitsI tod.,v
VIII undoubtedly sci new record
III audltlon TO the regular dividend dis
pufSements being made his date any
amount. by the wa which surpa sSes
me million dollar mark .here is = spe-
ciat dividend on the v shington Rar.
Wa% Electric Go. common stock
amounting 10 81 800 600. md 4 refund
10 electric light consumers 10 an az
sregste of fl.100 600. CoincidenfIN u
IS odo that Two con1pa nies both con
trofied by he same holding comps ny.
dlshurSeG special funds simuIta-
neouslv
Consumers of lighting fuel this
morning received 30 900 checks total
ing approximatelv S1.rNn OOn The
smd dilest was for Is cents. and the
| largest for $4,000. in the recollection
Of Atwood NJ. Fisher. treasurer.
Following in line is the "a pital Trar-
uon Co.. which disbursed S210 900 in
second quarter melons. Merger
thaler Linotype. with $4,000, nd the
National Mortgage & Investment Co,
with s145,s4o
Majority Of local ba mixing institu-
tons are also paving their dividends
TO-DAY.
Letter Sent TO Stockholders.
Accompa nying Capital Ira ction.s iii.
vldend was a letter from George +.
Hamilton. president OF the compa ny.
winch ConSratulateS stockholders on
The increased fair value of the car
rler properties sci recently by IuS-
tice Hoehling in The District Supreme
Court a S3".906. $50 as of January
last
The ruling increases the fair value
allowed by The Public Utilities Com
mission as Of .Iune 30. 1919. bv addi
! tons 10 the worth OF The physira!
properties. and Iso takes entire cog
nizance Of rha $5i50 900 actually paid
for Inta n2ibles Included in the pur-
chase price for the Washington ana
GeorS etoWn Railway 60. which vs.
disalloWed by The Utilities rommis
sion.
In M Hamilton's opinion. .Iue, ire
t5oehlinS decision viii he sustained
Lively Day on Exchange.
Gas stock led an avalanche Of - 10
on the Washington Stock Excha uce
this morning. improving fractionallr
its recent strong position TO sl7s on
sales totaling 32l shares Bulk ~
the selling was in I00-share lots.
Mersenthaler Linotype recovered T."
1lS34 on comparatively heavy actir
ity. while Railway preferred. afrer
close of sales of 81 shares. Capita
Traction. however. was strong at pe,
and g quarter and 100a.. Lan>tnn
Monotype improved slightly 10 S4a.
and National Mortgage and Invest
ment preferred was strong but un
changed al 9l2.
Bonds We're in very good dema nd l..
approximately S31 900. face value
| changing hands. The leader OF this
group was Washington Railway and
Electric refunding 6s which sold n
| an aggregate OF Sl1 500 Al 1921. Gas
! 6s sold at 1895. and Potomac Elec-
! trio consolidated 5s upward TO 1G0as
j Potomac Electric IS of 1853 brought
! 1861
Guest at Banks Opening.
! Francis q. Addison. jr. neuis
! elecled president of the District Bank
: srs' AssoCia lion. was the guest nf
honor al The reception rendered l., 81
night incident To the opening Of tho
new Anacosli4 Bank Mr.. Addison ey-
! tended 70 the institution 6 officials the
! con nsratulations Of the banking fra,
/ ternity.
This afternoon Al $50 o'clock he
! will call together the officers ~ the
association for the purpose Of outlin
| ing tentative plans for the conduct of
| the body II is improbable that any
| association meetings will he sched-
uled before next September, however.
Weeks Car Ioadings Up.
| Revenue freight loading on Amer
! lean railroads totdled 9S2 600 cars for
| the week ended June 90 the American II
Railway Association announced today.
! The total was an increase OF - ,na4
| cars over the same week last year.
/ hut decrease Of -. $50 cars under
| the corresponding week in 1923.
J
cHJcAG0 LIVE STOCK MARKET