Evening star., 1928-12-27

move. The outline Of the plan was
laid before the commission last week
for approval.
Washington Gas Stock Higher.
Washington Gas Light stock moved
lid to 105 on the local exchange tooay
following a very light turnover. Only
80 shares changed hands, Capltai
Traction sold at LOG. Lanston Mono-
type sold up to ll9i2.
Nv far the largest transaction OF the
dav was a block of 1875 shares OF wash
ireton Railway & Electric preferred,
which sold at 99A. Several other is
sues were quite active, including Co
lumbia Sand & Gravel preferred. The
bond market was neglected.
Gas Light Earnings Increase.
Earnings of the Washington Gas
Light Co. for the 11-month period
ended November 30 reached 1856, 1894,
a gain of $1O3,53240 over the corre-
spending months of 1927, according to
the report of operations filed by the
company with the Public Utilities Com
mission yesterday.
The statement for November showed
net income of S62,968.18. falling of
of S5,S83.56 under earnings for Novem-
81742 over the $26,150.76 net income
total reported for October this year.
November operating revenue was
$5O1, ,987.41, a gain of $26,537.21 over
the same mouth a year ago, and oper-
ating expenses were $343, 1881, as
compared with $314,659.66 in Novem-
Der, 1927. Taxes amounted to $4,000,
and uncollectible bills, $2,604.63, leav-
ing an operating income of $117,163.27,
as against 1922, ,634.32 the same month
last year.
Operating revenues for the II months
ended November 80 aggregated $5,040,-
O97.7S, an increase of $183,477.85 over
the corresponding period of last year,
and operating expenses reached 3d.
408,96445, as against 1881 ,304.40 in
the 1927 period. Taxes were 1892, ,728.--
rs, and uncollectible bills, S3l, 1881.
Operating income advanced $106, 1874
to S1206,6 ,68077 for the IL months.
incorporating income was Sal, ,92816,
and gross corporate income, $1,248,-
608.93.
Potomac Bank Raises Surplus.
At a recent meeting of the directors
of the Potomac Savings Bank, it was
voted to increase the surplus fund from
$4,000 to 100000. This action gives
100000 surplus and $4,000 in un-
divided profits.
The savings bank has paid its usual
dividends and at the recent annual
meeting steady growth during the last
IL months was reported.
Albig Reports Huge Savings Gains.
w. Espey Albig, deputy manager of
the American Bankers Association, re-
ports that 1928 has seen the greatest
gains in savings ever recorded in the
United States, saving deposits standing
above $29, 400 100000, with more than
53,000,000 individual savings investors.
THE gain per inhabitant in 1928 over
1927 is SIT. The gain per inhabitant
over last year is n per cent, and 1875
per cent over 1918, when the strong
upward curve in savings deposits first
developed. Since 1912, when adequate
records first became available, the gain
per inhabitant is 1898 per cent" he
says.
Total individual deposits in banks in
America stand at $51, ,199 ,264,000, and
56 per cent of these individual deposits
IS found in savings or time deposits, as
against SO per cent last year.
THE gain in number of savings de-
positors comparable with last year is
as against gain in the population of
the United States of .1.2 per cent. The
Number of depositors, which for 1917
was reported at 43,354 784, reaches a
high mark this year with 53,183,343"
Railroads Report on Earnings.
Net income of the Baltimore g. Ohio
Railroad for November, announced at
noon today, amounted to $5,119,255,
compared with $2,737 1873 in November,
1927, an increase of $2,392,073.
Net railway operating income for the
first eleven months of the year totaled
S45 ,695,035. against S43, ,640,717 in the
same period last year, a gain Of ST.
054Sl3 SO far in 1923.
Net operating income of the Seaboard
Air Line Railway in November was
1899 1852, a marked increase over No
yember, 1927, when the net was S797,-
351. Net operating income for the first
ii months of this year was $9,047 ,901,
against s9,S31, TAI in the same period
of 1927.
President w. j.. Harahan announces
the net income of the Chesapeake g.
Ohio Railway for the IL months ended
November 80 amounted to $25, ,667 ,226
He predicted that the revenues for the
month of December would bring the
net income for 1923 to about $27 900 00O
after all charges. Net income of the
Chesapeake & Ohio in November was
$2,205,876.
Heard in Financial District.
At the regular meeting of the board
of directors of the Second National
Bank, the usual semi-annual dividend
of per cent was declared and an ex-
ira dividend Of ~ per cent was also
voted. Both are payable January l to
stockholders of record December 90
the president, Victor B. Deyber, an
nounces.
Albert H. Fox, former president of the
Columbia National Bank, and for years
an outstanding figure in the financial
district, celebrated his SD birthday q
few days ago. He received many con-
gratulations from friends in the bank
ing district.
Charles Delmar, regional vice preSi-
dent of the National Wimsett Co. ir
this territory, announces that an Office
is soon to be opened in Annapolis
backed by prominent men in the Mary
land Capital. Austin is president o.
the Washington Bank.
Christmas trade, believed heavier thar
in any previous year by the Department
of Commerce, and in other quarters
apparently has been carried on mor'
largely through the use Of checks ant
credit than ever before, for indication
are that currency demands for thi
season were smaller than in previou
years excepting 1927.
Money in circulation at the end o
October and November, although large
in total than in 1927, was smaller thai
for several previous years other thai
1927. If estimates that trade is large
are we'll founded, then credit busines
must be heavier, although the total c
money in circulation alone indicate
trada is lainhar than last Near