Evening star., 1927-03-29


day on the Washington Stock Elk
change at yesterdays high price of
the year-75, The transaction was
the largest single sale made in any
issues on the local board in many
months--in fact, considerably more
than q year. Furthermore, it was the
only sale for the day in this stock.
Fifty shares of Washington Rail-
way & Electric preferred sold at 9l&,
shares of Washington Loan Trust
at 400, 10 shares of Capital Traction
at 1868 and 1 share of Mergenthaler
at 1073s.
In the bond division Washington
Gas 5s sold at 1917 and a series A
baby bond of the same company reg
istered 1892,
February Gas Report Out.
Just about normal earnings were
shown in the February report OF the
Washington Gas Light Co. filed to-
day with the Public Utilities Complls-
sion. The figures were studied closely
for a possible clue to the present ad-
vance in the company's stock, upon
which attention in the local market
is now riVeted.
Operating revenues for February to-
tailed $504 $50, against $518,799 in jan
uary. Operating eXepnses We're $780,
248, compared with S363,207 in Janu-
ary Total revenue deductions in Feb
ruarv amounted to $359,379, leaving a
total operating income for the month
of $145,1S1, in comparison with $llb,-
ITO in January of this year.
The company's net income for Feb
rLary was reported as $93 ,839 80, com
pared with q net income in January of
S66.055. Comparisons with FEBRUARY
of last year are most surprising until
it. Is taken into consideration that the
coal strike was in progress at that
time. proving of great benefit to the
gas company. Operating revenues Tor
that month were $551, ,964, and after
ali deductions the company had a net
income of $150,59T.
Georgetown Gas Earnings.
According to the Georgetown Gas
Light Co.'S report for February, also
filed today with the utilities commits.
sion, the net income was $9,76S.82
This figure is ahead of February
1926. when the net income was $9.
351.74. and ahead of January of this
year. this total being $9,656.92.
Telephone Income Gains
The statel..en of the Chesapeake &
| Potomac Telephone Co s operations
for February, to the Public Utilities
| Commission shows operating revenues
| of $602, ,704 decrease OF S14 ,320
compared with January. and operat-
| ing expenses of 1899, 716, a decrease
| of $15,50S compared with January.
| Taxes for the month of February
were $50,S42, an increase of S216 com
| pared with January, and other mis-
| cellaneous expenses amounted to S12,
| PSI, a decrease of $4S4 compared with
| January, causing the net income OF
| $139,S95 to show an increase of 1886
compared with January.
This statement also shows that new
| equipment added during the first two
| months of 1927 amounted to S407, ,449
| while retirements for the same period
amounted to $127,12S, making the net
| additions for the first two months OF
| 1927, $280,320. Net additions to
| equipment for the twelve months peri
cd ending February %, 1927, amount
| ed to $2,7S1,516. Comparisons with
| February. 1926 show:
February February
| Total operating revenue. S564 28I S602, 704
| Total operating expenses
and uncoilectable. 375029 399. .71t
Net operating revenue s1s9.252 s2oa 9s,
| Taxes assignable to oper-
dtioAs ts.'.s'+' oooIo oo.ot'
Operating e., income; come STAG "a sl5a 4!
| Incorporating income. 273U Ola
| Gross income .... sI35 AGA s157 20:
| Rents and miscellaneous
deductions ,........ 2373 a.51:
SI33Oo1 sI54. "a
| Interest deduction. .... 6I57 14SSt
Net income ...... s1a6o34 s13o .sol
Hints at Crises i'm Rubber.
Possibility of a series of crises il
/ the crude rubber market next Fal
| was suggested in New York yesterday
| by Grayson M. p. Murphy. director ii
| large number of corporations, il
| giving his deposition in the SIS, 900.
900 accounting suit brought by minor
! ity stockholders of the Goodyear Tire
| & Rubber Co. against Clarence Dillon
! Dillon, Read & Co, and others. Mr.
| Murphy attributed possible disturb
| ances in the rubber market to The
| Stevenson plan of Great Britain, re
stricting the export of raw rubber.
Mr.. Murphy is head of the broker
| age firm OF G. M. r. Murphy & Co.
| which has branch office in this city
i Dinner Committee Meets.
Chairman w. w. Spafd of tn,
| committee arranging for the get-to
gether dinner of the District Bank
ers' Association on April 18 at tn,
Columbia Country Club. held a meet
ing with Lanier p. McLachlen ant
G.. III. Pope, other members of th
committee yesterday. Various plans
We're discussed for the making of TIN
Spring gathering OF bankers mos
| successful.
Bankers Seeking Reservation.
Chairman Lanier p. McLachlen o
the hotel committee for the comm,
regional savings conference, to b,
held here on April Z and s, reports
that requests for reservations ar,
coming steadily The other member
Of this important committee includ
John NJ. Riordon, cashier Bank o
Commerce &s Savings. is vice chair
man, and other members of the com
mittee are: Charles ID. Boyer. cash
ier, Federal American National
Charles IL. Doing, vice president
Washington Loan & Trust Co.: AL
bert $. Galley, executive vice presi
dent, Lincoln National; IIilleary G
Hoskinson, vice president, Riggs Ma
tional G. il. Pope, vice president
|. Munsey Trust Co. and H. A. Slaugh
ter. vice president, Commercial Ma
tional Bank.
Initial Dividend Declared.
The directors of the United State
Securities Corporation. of which Sen
ator Edwards is president. have vote
an initial dividend of per cent oi
the company's per cent preferre,
stock. The company which has beel
operating but short time. report
very satisfactory progress
Local Bank President Honored.
julius L. Peyser, president of tn
! Security Savings & Commercial Bank
has been elected member-at large o
, the National Social Science Honor Sc
cety of ri Gamma Mu by the nationa
chapter, located at Williamsburg, Va
The honor WAS cnnferred 1innn hin