Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-27
GAS FIRM INCOMES
FOR July $13,%3
Washington and Georgetown
Companies File Reports
on Profits.

The combined net income OF til
Washington and Georgetown Gas Ligh
Companies for July totaled $l3,2632T
according to reports filed with the Pub
lie Utilities Commission today by the tw
companies. OF this amount the Wash
mgton company reported an income Q
$s,7I763 and the Georgetown compan
S4.545.64
The gross corporate income of tn
Georgetown company was given as 50,
1882. but deductions for interests OF
debts operating revenues, expenses an
taxes brought the figure down to 81,
1854 The interests on debts was plac
ed at $4,S27 9S; operating revenues, SIS,
2S5.72 operating expenses, S4S,9060t
and taxes S3.7S338.
The washington company reported it
! operating revenue at 1850, 80 an
operating expenses as $26437787. I'm.
collectable items totaled $2,530.l6 ant
/ taxes $31 .5563l, leaving an operating
, income OF $6I578.04. The gross corpo
| rate income was sos. 72052 and deduc
/ tons from this for interest on debts
/ etc, was listed at S57,00289, leaving 3
net income of $8,7l763.
Market Is Active.
! Trading was active on the Washington
/ Stock Exchange today with prices hold.
/ ing steady TO stronger. Public utilities
| led in volume, but Mergenthaler Peo-
pies Drug and Sanitary Grocery turned
| over several shares at increases over
| prior sales.
| Washington Gas SIS A changed hands
| in two blocks of $500 and $4,000 at l04
point above last sale. while George
town Gas SIS sold in one block Of $1,000
also at l04 Washington Gas 6s B wen;
at 1041a, which was a fraction above
the prior price
Mergenthaler Linotype sold in three
blocks at 1007s. 1908 and 100"s, Peo-
pies Durg Ctores preferred rose from
one sale at 1892 to 1922 as compared
to the last sale of 108.
District National Security preferred
was up to 1903 on single share.
New Title Company.
The Capitol Title g. Guarantee Co.
which has been in process of organiza-
ton and preparation for over three
wears, will formal open its new Office
in the Chandler Building, on / street,
about October l. giving the National
Capital a new title company, it was
announced in a formal statement from
the company.
The company is headed by John Paul
Earnest, as president and general coun-
sci. The vice president is Ezra Gould
president of the Washington Mechanics
Savings Bank. Eliot H. Thomson OF
the Washington Loan & Trust Co. is
treasurer. and George Baillie Spring
ston. secretary and title officer. Other
directors of the company are: Charles
LaSalle Bryant, DR.. Mark F. Finley,
Lyle S. LipScomb William S. Parks,
Luke c. Strider and William c. Taylor
all of this city.
The corporation, it was announced
has a force of more than 100 clerks
preparing a plant that will provide ac-
curate and immediate service to the
real estate and banking interests Of the
city as we'll as to building and loan
and mercantile associations.
1T is claimed" continued the formal
statement, that the system viii serve
the modern needs for expeditions service
with absolute assurance of accuracy. In
order to effect this desirable object the
new company has contracted with the
New York Title e. Mortgage Co to guar
antee all certificates of titles issued
The New York company. with capital
resources of 100000, announces It's
willingness to make this arrangement
with the local company after their ex-
perts had examined the plant, which
they pronounce to be one OF the finest
title plants in existence which they
further state. will be a distinct benefit
to the city of Washington.
1.-The field of operation of the new
company will include Montgomery and
Prince Georges Counties in Maryland,
Alexandria City. Arlington and Fairfax
Counties in Virginia, and an unusual
feature of the plant is that 1t enables
the company to offer four branches OF
service in addition to the issuance OF
certificates of title. as follows: Con-
limitations Of titles, index service. iudg-
ment reports and property ownership.
1.-THE company has an authorized
capital of S750.000, divided into 5000
shares of per cent preferred stock OF
500 par value and 5000 shares OF COM
mon, no par value, stock.
Announcement is also made that the
New York Title g. Mortgage Co. has
made the new company its exclusive
agency for the underwriting and guar
atneeing of titles in their field Of opera
ton
1.-THE plant is at present located In
| temporary quarters. at 1920 K street.
and an invitation is extended to friends
of the company to visit and inspect the
/ installation and familiarize themselves
with the services that win be available
/ after October l."
| General Business Profits.
Profits of general business corpora
I tons for the first six months are some
/ what higher than the first six months
! hnts
/ Commerce in New York in the Septem-
! Der issue Of Commerce Monthly.
THE statements now available for
/ 80 companies show this increase 70
! be 3 per cent. II is reduced TO 6 pei
| cent. however, when the earnings OF
! the United States Steel and the Cen
! eral Motors Corporations are deducted
| OF these $40 companies, 100 have had
! larger incomes in the past half year
/ than in the same period a year ago
. while 100 reported smaller earnings
| Substantial increases occurred in the
copper. motor and motor accessory
/ fields and in the general miscellaneous
group. Although only a small number
| Of returns are available IN the leather
and rayon groups, stable gains are also
indicated in these industries
Heard in Business District.
J. Newton Brewer. vice president o.
| EWartzel Rheem e. Hensey Co. re.
turned today from his vacation al
Rehoboth Beach
Fernando Cuniberti. president Of thu
international Exchange Bank, has re.
turned from his vacation at Old Poin
Comfort, Va
r Ogle Harper of Crane, Paris b Co
left today on his vacation, during which
he will take d motor trip
Prank Ullmer Of the National Saw,
ingS &, Trust Co returned today from
motor trip through Pennsylvania
A. J Pant Of the National Saving
b Trust Co has gone 10 Atlantic CIT,
for a months vacation
Money vent IN ~ per cent in tn