Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-28

n,
wood M Fisher, Chevy Chase Savings
r. Golden Donaldson, Commercial Ma
tional: Wade H. Cooper. Miss Mary J
Winfree and Miss Marjorie I. Tucker
Continental Trust Co.; George w
White and c. F. Jacobsen, Nationa
Metropolitan Robert " Fleming, Viii
liam j. Father and George o. Vass
Riggs National; Wilmer j. Waller, Fed
eral-American National. and Charles 3
Lyddane, from the same bank.
Controller Mcintosh, Mr.. Fleming
F. G. Await and w. j. Waller are plan
ming to attend the dinner Sunday eve
ming for the Reserve City Bankers AS
ISOLATION. This association always ha
dinner at the A. B. A. meetings, al
though their own convention is in thu
Spring.
The convention program promises II
be one of the best in years for all thu
different divisions.
Directors Vote Dividend.
At a meeting of the board of direc
tors of the Lincoln Investment Corpo
ration, held at the offices of the com.
pany in the American Building or
Thursday, it was voted that the reg.
ular quarterly dividend on preferred
stock outstanding be paid to stock
holders of record. The dividend is pay
able october l.
Charles ]. Bell Gets Home.
Charles j. Bell, chairman of the
board of directors of the American Sc.
curity & Trust Co., reached Washing
ton last night after a Summer spent
abroad, most of the time in Ireland
He was accompanied on the trip by
Mrs. Bell and both report delightful
Summer Good fishing added much to
their pleasure on the trip. 1t was also
| the most carefree Summer Mr.. Bell has
enjoyed in many years, due to his hav-
! ing turned the duties of the presidency
of the trust company over to Corcoran
Thorn.
Mr.. Bell was back at the bank this
morning, where he received rousing
greeting from his associates.
Washington Gas Net Higher.
The monthly report of the Washing
ton Gas Light Co. filed with the Public
Utilities Commission, shows net earn
ings of $12,sS2.13. a gain over August
| 1927, of $2,676.94. For the first eight
months of the present year the gas
company had net income of $751;
, 951.43, compared with $393,04899 ir
the corresponding period in 1927.
The company'S operating revenues
were $344,861.45 in August, gain Of
! S1,414.65 over the figure for Angus
a year ago, and operating expense.
fell to SPAS, 318.55, as against 1851, ;.
1892 in the same month last year
Taxes dropped from $36,987.97 in Au.
gust, 1927, to 1882 last month.
Operating income climbed $22,538. II
to total of $65, 52912 for the month
4 incorporating income was $4,435O6, a.
compared with $1,33953 in August Of
last year, and gross corporate income
reached $69, 964.18, as against $44, $3.50. 81
IN the same month of 1927. Increased
earnings over dividend requirement!
were $26,017.87 for the month.
| Operating revenues for the eight
months ended August 81 were $3.678..
: 963.10, in comparison with $3,54O,412.5 c
Tor the corresponding period of 1927
operating expenses were S2,432, sos. 10
as compared with $2,419,94333 for the
hrst eight months last year; taxes were
1898, 467.56, as against $292, 050.53 fol
the 1927 period: operating income wa:
S940, 1929, compared with $811. 126. O4
a year ago, and gross corporate income
was $966,217.37, as against 1921 $50 81
last year.
Georgetown Gas Earnings Gain.
According to the monthly statement
OF the Georgetown Gas Co., filed at the
ONCE OF the Public Utilities Commission
the net income for August amounted Il
$2,oo383, gain OF $211 over the same
month in 1927.
! operating revenues were $49,873.56. {
gain of $1,926.48 over figures for Angus
a year ago; operating expenses were
S4O,717.65, an increase of $1,971 IS, ane
operating income was $5,705.78 a de.
crease Of $473.07 under totals for Au
gust, 1927.
The company reported gross cor
porate income of $7,57962 for tn,
month, as compared with $7,143.77 re-
ported a year ago. Taxes were $3,45O. 90
as against $3,02224 last August.
Net corporate income for the eigh
months ended August 81 amounted tt
$74,815.98, an increase of $12,883.O5 owe
| the corresponding period of 1927. Op
Grating revenues were $572, 243.78, oper
atlng expenses were $436,O9359, take
were $33,861.26, operating income wa
Sl02 ,289.98 and gross corporate incom,
$l13,605.95.
Local Securities Firm Today.
Prices on the Washington Stock Elk
change ended the weeks trading a
firm levels today. Next week tradinf
on Saturdays will be resumed.
The largest volume of trading todas
was ip Mergenthaler Linotype, 81
shares changing hands The stool
opened at 10012 and closed at 1904
Potomac Electric Power per cen
preferred sold at 1874, and the 5K
per cent issue opened at 1087a an(
closed at l083l. Chestnut Farm
Dairy registered LOT.
In the bond division Washington Ga
IS, series A, sold at 1041a, and the +
issue at 105$I on small sale George
town Gas SIS came out at 1881. Othe
transactions included a 81 900 sale il
Capital Traction SIS at 1007s, while Pc
tomac Electric consolidated SIS movec
at 1913.
There were practically no changes il
the unlisted department during tn,
week. The list of stocks now sellinY
eX-dlvidcnd is the longest it has beef
in many weeks.
Heard in Financial District.
The council of administration of tn
District Bankers Association will NEE
this afternoon at headquarters at
o'clock. The session will be given owe
largely to routine matters The mex
regular meeting of the association take
place on october Is.
The Baltimore & Ohio has declare
the regular quarterly dividends of SIS
per share on common and ST. on til
preferred, both payable December / I
stock of record October 20.
Frederick P. H. Siddons, secretar
of the American Security & Trust &C
will deliver a lecture this evening {
Gallaudet College on the subject "WhG
to Do With Your Money"
Miss Leona Anthony of the Federal
American National Bank has bee
elected secretary of the Washingto
Bank Wcmens Club, succeeding Nj.
Catherine Krieg. who recently resigne