Evening star., 1928-05-28
WASHINGTON GAS
EARNINGS HIGHER
Decline in April Income OF
Georgetown Gas Shown
in Report.
BY EDWARD c. STONE.

II LlHt1G 10. LOT ApTu was SfV.Sy0,IH, lC
comparison with $77.90S.19 for the cor.
responding month in 1927. according &c
the statement of earnings just filed
with the Public Utilities Commission.
Operating revenues for the month
were $490, ,492.03, compared with $685.
52i.56 in April. 1927, while operating
expenses we're $3l0.2S4S0, as against
$3l9,99916 in the same month last
year. This year taxes were SAL 1927 ST,
compared with s36,364s3 a year ago.
Deduction of operating expenses and
taxes left an operating income for the
month of l35.404.62. while this figure
last year stood at S129,Sl6.s4
The net income from operations for
the first four months Of the year was
S549, ,096.07, this figure being substan-
tally larger than the total OF $466,
444 10 covering the corresponding
period year ago A substantial in
crease IN net earnings for the period
is also shown. the 1928 four months net
being s33S50l ,oI. in comparison with
S26l.377.s2 to the end OF April in
1927.
Georgetown Gas April Report.
Net income of the Georgetown Gas
/ ght Co.. also filed with the Public
Utilities Commission, shows a decline
over the same month In 1927. The net
IN April OF this year was $5.3i6.46, COM
pared with $l0,l43.04 for April, 1927.
Operating revenues amounted to STs.-
2S2.60, against $6S.26523 a year ago.
but expenses of s5s,3sl.52 In April Of
this year were considerably heavier
than the total Of $50. 1872 a wear ago
Taxes were considerably larger this
year and the total income from opera
tons was smaller. being $8s347S, COM
pared with $l3,s50.2s year ago
Net operating income for the first
four months Of the present year reached
the sum Of S6l, l,04407, in comparison
with $S2.o46.s7 year ago The total
net Income for the period is also ahead
OF last year. being S4s, ,SoI 81, compared
with s37.3i7.o2 during the frSt four
months OF 1927, gain Of 3S,99720.
Banker to be Holiday Host.
President Corcoran Thorn of the
American Security d. Trust Co. will be
host to the banks entire personnel on
an outing At Sherwood Forrest on
| Wednesday, Memorial day. Mr.. Thorn
issued the invitation through the Sc
curity Club. an organization of the
trust company's employees Of which
Frank NJ Berley Is the head The en-
ployes IN the branches, as well as the
main ONCE. were included.
~ N0S ob0bCA bDQAy that more L06n
800 viii take the trip. The bankers
will take their wives and children and
each single empIoye' will be allowed
TO take one guest. The program is a
secret.
Bank Women Boost Education.
At q meeting Of the Bank Wonens
Cluo Of washington, at the Harrington
Hotel. as an announcement TO women
IN banks in Washington TO advance
themselves along educational lines. II
was unanimously decided to offer a
prize OF $500 In gold to the woman
receiving the highest grade in the
standard course Of Washington CHAPTER
american Institute of Banking. This
prize OF $500 in gold win be presented
IN the Fan Of this year to the young
LADY who has this term completed her
standard course commercial law, neeo-
table instruments. standard banking
ana standard economics) and receive
the highest average
1t Is believed by the club that the
presentation Of this prize viii be q great
STIMULUS 70 students already attending
classes. as well as an incentive To other
oaak girls, 20 take out membership in
the chapter and complete the standard
course. As q further inspiration 10
washington bank women the efgb
promises similar prize for the stand
arc course for the year ending NAV
1879. which prize win be presented Ia
the Pail Of 1929.
The club intends holding a large card
pAfty Ios the purpose Of raising this
iuno- Miss Mildred G. woodcock.
american Security a. Trust Co. waH an
pointed chairman Of the sOecisi cors-
naittee on arrangements. The club yviII
appreciate the corporation OF an bank
people IN this effort.
Business Conditions Uneven.
Tne Federal Reserve Board reports a
mixed trend In industrial Activity
With an increased output In the meta
INDUSTRIES and decreases in food and
ciotnlng production. Larger borrowing
et member banks is reported as the cut
ward movement Of gold has Continues
curing the past two months.
.s AZ member banks" the board added.
Eoan1 largely Tor commercial and in
oa1StElA purposes following a rand in
crease during February and March
nave shown little change since the earIy
part of April Loans on securities con-
nn0en 70 increase and total loans and
Investments OF reporting member tanks
IN the middle Of May were lsY1ey than
~ any previous time.
Automobile production was main
mlnec IN large volume during ADril and
according 10 preliminary reports sl1o
curing me nrSt half Of May. Textile
nli 2c1Visg. output Of boots and shoes
ceciineE during April.
SAFES by department stores and by
wholesale nrms IN most lines Of trade |
cecnnec IN April and we're in srnaller
foiln9e tnSn year ago. Freight car
t)aolnSf showed an increase between |
me beginning Of April and the middle
of May. bit continued smaller than n
year ago for most classes Of conanodi- !
4es."
Grocery Merger Talk UnFoundeA.
Edward q. Yonker, president Of the
Sanitary Grocery Co, said TODAY thai
there is absolutely no foundation what
ever fog the statement that his conn-
pSny u contemplating any merger with
several other big grocery chains in
klcpnaond and elsewhere IN the South,
he mad heard nothing Of the proposed
plan until he read II In an out-of-toWn
newp&Der. ne said.
The Sanitary Grocery co is doing a
spIsncio business and has no inten-
tton os tieing itseIf up with any other
concern or concerns. Ar Yonker assert
Jfs matter Is of vide interest here
as the company mas large listing OF
s'1ck On the local exchange.
Riggs Bank Stock at New Top.
Three shares Of Riggs National Bank
st1ck solf On the local exchange To-Day
A. Bze, q new peak for all time. LAna-
ton led the market IN the volume OF
uahlng closing ez-diyidend 'At ltS.
MeTeenthaler moved at I02A Ten
shares Of Washington Railway IL Klee-
tric con1naon came out today at $50.
the same ~ the last sale. The prefer !
ren n9oye1 a. par and u.
Washington Ga9 opened at 9b and
cloeef at sgtt on q god6 size1 turnover
/ A. -