Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-10-28
GAS COMPANY LOSS
S2,692 IN MONTH
Climatic Conditions and Add
ed Cost of Gas Oil Re-
tard Earnings.
BY CHAS. p. SHAEFFER.

ShAEF FIX.
An increase OF a cent a gallon Ia
the price Of water gas oil and the
intense heat during the month re-
suited in a deficit Of 1852 for opera
tons of the Washington Gas Light
Co. during September. statement
filed with the Public Utilities Com
mission this afternoon shows. The
statement suffers by contrast with
the corresponding month of last year
when corporate income of $378T9
was reported.
The water gas oil item alone was
responsible for added expenditures
OF about $4,000. the company employ
ing S66,37S gallons during the month
for the manufacture OF their prod
uct. Operating revenues amounted
TO only SS3S,3 1913. loss of about SIS
900 over September last year. while
expenses advanced to an aggregate
of $4,000 to $262,4S9 Deductions
Tor taxes We're made to the extent
OF H3I 49,, q gain Of bout $4,000
over the same period of last year.
A similar situation was faced bv
the Georgetown Gas Light Co.. their
statement, also filed today, indicated
This company enjoyed the nominal
profit Of 1929 for the month, as
against S5,135 for the corresponding
enues were fairly even, but expenses
amounted to S34, $50. gain Of s. 900
over last year. Deductions were
made to the extent of S3,943
New Power Stock Active.
A good demand for interim receipts.
when issued, of the issue of new &
per cent non-voting preferred stock
or the Potomac Electric Power Co
held major interest on the Washing
ton Stock Exchange this morning
when l55 shares changed hands. The
INITIAL transactions We're made at 100.
a premium of So points, the price
later dropping to 1895, then ad-
Vancins and relapsing successfully
The market opinion Of this new
stock, as expressed since trading be
gan yesterday morning, is most ex-
preSslVe of its attractiveness from
every point of view. Incidentally
these interim receipts will not be-
available until about next THURSDAY,
but date of payment on Monday, next,
remains unchanged.
Capital Traction stock monopolized
deal of attention this morning, re.
tanning its recent high level of 1O4
on sales of l69 shares. This figure
was bid for the stock at the close OF
trading. with offerings being made
at 104i..
Security Storage Co.. after a period
OF inactivity, broke into the sales
column with transa ctions involving
y shares at 400 Twenty shares OF
LanSton sold at So, and American
Security and Trust Co. dropped
point TO 3S7 on sales of 80 shares.
The remainder of the list was quiet
and UNCHANGED
Local Bankers Honored.
To enable members of the trust
company fraternity to make THEN.
plans we'll in advance, the early an
nouncement is forthcoming that the
next MldWlnter conference and ban
quet OF the trust companies of the
United States, conducted under the
auspices OF the trust company divi-
sion Of the American Bankers Assoc
cation. will be held in New Yorl,
February II and Is, next. At The
conference there will be oppor:unity
Tor discussion on many problems en-
gaginS the attention of trust com
Dany officers in the conduct of their
business
Announcement is also made of plans
Tor conducting a regional trust COM
nanE conference for the Middle
W estern States. which will probably
be held in st. Louis. Efforts are also
being made 10 arrange for a regional
conference for trust commands in
the Southern States.
Trust Companies, official organ
OF the trust company division Of the
American Bankers Associa ton. I'm
It's current edition. pays photograp hic
compliments to two local trust com
pany officials. namely, Charles J
Bell. president of the American S.
curity and Trust Co. in his capacity
OF oldest telephone pioneer. and John
b. Larner. president of the Wash
inGton Loan & Trust Co, as a mem
Der OF the executive committee of the
trust company section.