Evening star., 1927-10-04
GAS LIGHT REPORTS
DEFICIT IN. AUGUST
Loss Smaller Than for Same
Month Last Year-George-
town Earnings Advance.
BY EDWARD c. STONE.


HY EDWARD G. STONE.
! Net corporate income of the Wash
ing(on Gas Light Co. for the month of
August showed a deficit of so, 5.19,
! compared with deficit in August.
! 1926, of $t3,472.03. according to the
report filed with the Public Utilities
Commission. August is the lightest
month in the wear for revenues and
, one of the heaviest for expenses, as
| 1t is a particularly good time to put
! in new mains. renew old ones and do
! other outside work.
| Total operating revenues for August
were S343 ,4i6.80. compared with a total
operating income in July of $34 ,4S5.12
and $295.076.3S in August last year
| Total operating expenses. however
were much heavier. In August of this
year they reached $2G1 ,679.92, com
pared with s247 1850 in the previous
month and $229, 9,400.95 for August,
| 1926.
! Deduction of these expenses left
net operating income in August Of
$4a,99l41. as compared with an operat-
! ing net in July of 54,54G.70 and in
/ August p year ago of $65, ,675.43. Total
net income in July after deduction of
all expenses and payment of taxes
amounted to 81 ,54S.72.
The comDany's total net income for
| TIE first eight months OF the present
year amounted to $39304S.97. For
/ tho same period last it was SILL
! 472.03.
Georgetown Report Also Filed.
The total net income of the George
! | IL - n
$2.392. 80. compared with the lower
/ figure of $t92.31 in August, 1926. ana
! the higher return of $3.309.16 in July
Of this year.
/ The company had net Operating
! recenues of SAT. .947.0S for the month
! in review, compared with $38, 16l .5S
! in August n year ago. Operating OK
pcnses amounted to $3s against
! So. 2.50S.3S last year. Deduction of eX-
penses left net income from oper-
/ ations of $6.0oS.21.
The company's total net income
| for the first eight months of 1927 is
substantially ahead of year ago.
| The net for this year up 10 the end Of
August was $61 1928. while for the
same period in 1926 it amounted to
| $45,742.1A.
Wholesale Trading Improving.
| he richmond Gcueldl fNeSe1 e
Bank reports that wholesale trade in
the fifth district in August was larger
than in August a year ago in all lines
except furniture, and all lines showed
| a healthy seasonal increase over July
business. August retail trade, as re
flected in department store sales, ex-
ceeded tho July trade by 10 per cent,
and was per cent above that of Au-
gust year ago. Debts to individual
accounts in leading trade centers were
larger during the five weeks ended
September IL than debts in the same
critics in the same period in 1926.
LEGAL Securities Strong Today.
Stocks and bonds were both active
today in a strong local market. Cap
ital Traction sold at loo 12, Potomac
Electric Power 51a per cent preferred
changed hands at 1865 and "a. the
per cent issue at 11012. 20 shares of
Railway common appeared at $40.
while the preferred sold at 9SL. Co
lumbia Sand & Gravel came out 1T
par. and shares of Lanston moved
at 10S. Sanitary Grocery preferred
appeared on the board at i01a.
Only one bank stock came out
day, Commercial National, 10 shares
selling at 270. Washington Gas. Rail-
way e. Electric. Potomac Electric Con-
solidated 5s and Capital Traction 5s
appeared in the bond list. prices re-
mainir g strong.
Veteran Bank Teller Retires.
J. Curtis Lawrence. head teller at
the American Security trust CO..
retired yesterday after 80 years or
continuous service to enjoy the life
of n gentleman farmer at his farm at
Z Tn Ion Ia
as he is affectionately called at the
bank, was presented a gold watch and
chain by his associates President
Charles +. Bell expressed before
gathering of all the bank employees
the appreciation of the officers for the
long and splendid service Mr.. Lawrence
has rendered the bank.
Judge" Lawrence now is GO years
old and in excellent health. His three
decades of service with the bank are
| euualed by only three other members
of the staff, President Bell, Treasurer
| Charles T. Howe and Assistant Treas
urer William w. keck.
Liberty Bonds Converted.
Secretary Mellon announces that ap.
! proximately $36S 900, 900 in second
liberty bonds have been converted into
| the three to five-year Treasury notes
since the Government offering of Sep
tember Is, when the Treasury an
nounced that holders could exchange
them for other securities.
| Announcement also is made that ap-
proximately $3.50 900 900 of the second
! libertys are still outstanding. These
fall due on November 13.
Institute Registrations Grow.
| The local institute CHAPTER is still
growing. several more registrations
| having come in so far this week. In
terest is now being revived in a class
| in public speaking. Prof. Charles :.
| Richardson of the University Of Mary
land has offered his services, and Il
! special meeting will be held at the in
| stitute on Monday. October II, to con-
| slider the matter. The number of stu
dents wishing to take the course Will
! decide whether class Will be formed.
| Prof. Rlcha rdson is now teaching
class in the Baltimore chapter with
! marked success.
Heard i'm Financial District.
| The monthly bulletin of the District
| Bankers Association has gone to
| press and will appear in two or three
! days.
| William +. Ham, president of the
| Washington Railway & Electric Co,
| has returned from the West, where
| he went to attend an electrical con-
vention.
| President Frank L. Dame of the
| North American Co. says that his
| company is contemplating no dividend
change at the present time. Il see
no reason for making any change,