Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-31
July GAS PROFITS
UNDER June MARK
Telephone Report Also Shows
Falling Off in Earnings
for the Month.

! the Washington Gas Light 20. ana
the Georgetown Gas Light Co. dur
ing the month of July, as compared
| to the month of June this year. was
registered in the monthly reports filed
| with the Public Utilities Commission.
Net income of the Chesapeake d
Potomac Telephone Co.. according to
| the monthly report, also showed d
falling off from both June of this
year and July of last year. The phone
company has been carrying forward
substantial program of new OUTSIDE
plant facilities and central office ia
| cilitieS.
Washington Gas Light Co. net in
come fell to 1,54S72 from 500. 724.45
in June, this year, and $19,910.SO in
July last year. Operating revenues
were $341 485.12, as compared with
S433,670.72 in June, but the lower rev.
enues of S330,02S.S3 in July of last
! year. o-c
Operating expenses were $247, 976 as
compared to $273,273 in June and
$o35 1893 in July, 1926. Gross corpo-
rate income was $55,S66 in July. as
compared to S124,09S in June and $685.
147 in July last year.
Georgetown Company Has Slump.
The Georgetown Gas Light Co. also
showed a drop in net income. when
fell from $S,471 in June to $1,000 IN
July, but a gain over the business OF
July a year ago. when the net income
was but S603.26. Operating revenues
were S4S,535 in July this year as com
pared to $685. in June and $42,2
in July, 1926. Operating expenses
| were $3S.S46 as compared to S4S,6Sl in
June and ,S42 last July.
The telephone company showed a
net income of $86,991.41 as compared
to $115.477.3S in June and $110,717.3S
in July, 1926, in a report prepared TO
exclude the effect of the repayments
to subscribers. Operating income was
S1O4 ,679.11 in July as compared to
S131 1901 in June and $118,291.67 last
July. Gross income this July was
sos. 2O548 as compared to $135, 0S2.30
in June and $121 ,36961 in July last
year.
Much Spent on Equipment.
The company's statement alsS
showed that outside plant facilities
and central Office equipment added
during the first seven months of this
year were valued at $1,904,667. Re
tirements for the same period were
1914, making net additions to equip
ment for the period of $1,290,394.
The Washington Stock Exchange
was active today, with public utilities
occupying most of the trading, at
prices steady to stronger Barber &
Ross 61ss held at SO on turnover of
So, 900, Lanston Monotype moved up
a point to 100, as did also Commercial
National Co. preferred, selling at 104.
Merchants Transfer & Storage pre-
ferred was a fraction up at 1925.
Business Looking Up.
From August indications business
all over the United States is looking
up" said Robert E. M. Cowie. presi-
dent of the American Railway Express
Co., in a statement in the Wall Street
Journal.
There is a great improvement over
June and July and it appears as if
the coming months will show larger
volume of goods moving.
New York City Is the light mer
chandising shipping center and is first
to register changes in business trends.
Express shipments here are slightly
better right now than a year ago. The
improvement should develop from now
on. Mail order traffic is excellent and
if the crops are safely harvested trans.
portation business in the West should
be good all next Winter.
Labor is still big problem out
West"
John NJ Riordan, executive vice
president of the Bank of Commerce
and Savings. has returned from an
extensive trip through the West.
Distribution of merchandise to con-
sumers, as indicated by sales Of de.
partment stores, mail order houses
a 11Y
err in July than in June, according to
a statement today by the Federal Re
serve Board on retail trade.
Flower Show Closes.
The annual flower show of the Fed
eral-American National Bank, which
drew by far the largest number of ex-
hiblts ever attracted by this show,
closed last night, with a large attend
ance. Additional prizes announced by
John Poole, president of the bank, ap-
pear elsewhere in The Evening Star.
A new telephone typewriter service
has been installed by the Equitable
Trust Co. of New York between it's
New, York, Baltimore and Washington
offices. The apparatus operates cleo.
trically with a keyboard similar to
typewriter, transmitting messages let
ter by letter over the wire on to a
tape at the receiving end, in typewrit-
ten form.
Negotiations are under way for the
consolidation of the May Hosiery Mills
and the National Dye Works of Bur
lington, n. c. Consummation of the
proposed merger, which is expected
shortly, will result in bringing under
one management one of the largest
manufacturers of popular priced hos
iery in the country. The finishing de-
partment of the consolidated organiza-
ton will have annual capacity of g.
100000 dozen pairs Of hose. Each of
he, til