Evening star., 1928-04-28
WASHINGTON GAS
4 EARNINGS ON RISE
Net for First Quarter of 1927
Is S254.405 Against
S183,469 Last Year.
BY EDWARD c. STONE.

Light Co for the month of March ane
for the first quarter of 1928 show
marked increases over the same periods
in 1927. according to reports just flee
with the Public Utilities Commission
For The first quarter the net income
after all expenses for operation taxes
and other charges had been deducted
was S254. .405.23. compared with SlSS.-
z69 .6S tor the first three months OF last
wear. an increase of $40. .9SS 90,
The March figures record operating
revenues of S497. .f64Sl. as compared
with S443.5 90 i'll March. 1927. Oper-
ating expenses at the Seme time
amounted TO $3S7 ,56S62 In comparison
with $685. 81 a year ago, leaving an
operating income Of $l20,80T.77, against
the much lover figure In 1927 OF
STA 666 54.
Deduction of all other charges left a
net return for the month of $6S.2lo,03,
while the total i'll March. 1927. was
S23.574.22. making an increase III net
in the month under review OF S44.6S5.oI.
Georgetown Gas Earnings Gain.
AT the same time the Georgetown Gas
Iight Co has also been boosting earn
fngS. according to its reports TO the
4. ~
Operating revenues for March. 1928.
are given as $TS.oS2 %, against SOL
ToS.3 .3S in the same month in 1927, EN-
ne,1ses were heavier this year, being
S5S.sSi so. as against S47,746.2o year
ago s
The operating revenues were suffi-
cieut. however, 10 meet all requirements
and leave an operating income OF Slo,-
26Ol4. This income year ago was
$1l ,Ss4 as. ~
Deduction of expenses, taxes and all
other charges left the COMPANY Win a
net income for March of Sl2,592 40.
against ST.74S.24 in 1927, an increase
this year of S4,S44,l6.
The company reports net earnings lof
the first three months OF the present
year as S40.966,76. compared with S2i'-
i73.98 for the first quarter in 1927, the
net gain for this year being Sl3.'S2.tS'
Makes Strong Convention Plea.
General Convention Chairman E. j.
McOuade makes a strong plea for at
tendance at the June convention
Through the columns of the bankers
monthly bulletin. Mr. McQuade asserts
that many outstanding students i'll the
ne,p,exin,. problems of banking VIII
svipe insight into these questions ana
hroad information that one could not
exrsect 70 attain in months OF Solltary
study The committee chairman ADDS.
Aside from the formal presentation
Of bankiny ideas the individual persohaI
contacts made at these conventions az
ford pleasant relaxation ana orl1g
wider vision in business ana NE. Gu
ab;lnp us TO return To our desks with
sensa ri well being that viii hsarten us
to fare oar everyday problems with new
vigDr and greater effect.
THE coming convention offers speak
ers and thinkers who will surely put
their impress on the history OF the Dis
frict of Columbia Bankers Association.
Nc. You cannot afford TO miss II.
Rristol-M,crs Stock Issue Sold.
A hlo-k of 93.Ts5 shares OF common
stock of Bristol-Myers Co. with whicn
George Hewitt Myers Of this city Is
fSen,ifled. has baan offered and sold
rrtvatelv by j. z. w Selign1an a. co al
$50 ner share. The stock does not rep
resent any rev financing: -,
THE conDanv manufactures tootn
ns<te and drugs. started business IN
fes7 and was incorporated IN New
Work In 1900 In the past few wears u
has spent $4,000 900 in advertising. Net
sales in 1927 aggregated SS.0SS.241, an
Increase approximately IS PR cent COM
pared WITH safes DICK III 1870
Final Forum Complete Saccess.
Judge Thomas e. Patton. general
counsel of the American Bankers AS
soetafjun. uade the final forum dinner
Of the local Institute Chapter at tne
RALEIGH last night an unqualified sue
eesS i For almost an hour and nan
fy7e LAWYER. who has worked in the IN
fp~estz az the American Bankers Asso-
ciation for % years answered every
conceivable question pertaining 10 the
lex2l side Of banking He displayed an
amazing knowledge Of points that aflse
Only in the most complex BANGING mat
ters
M -Een1p Legal Problems IN Banking.
ard confined his remarks particularly
70 the uniform GduclaFies act and the
tojBt deEx,sit bill, both Of winch are nov
on the Senate calendar. The speaker
brought ont the great variation IN t1e
f,duciary Laws in the various states,
some being almost directly contradictory
10 Others. After clearly explaining the
PURPOSE of the two measures. Jnoge
Patton answered q grist OF questions re-
lgtlng 70 particular provisions IN the
bills. Francis q Addison, lT.. chairman
Of the District Bankers Association
the questioning.
n W Burnside. chairman Of the
forum committee. presided. WIN nm
et the speakers table were l. J. Rob-
er4s. chapter president. Charles r..
Hove Eliot II Thompson. Harry v.
Hayne9. Victor II. Deybef, James a.
Eooer. II II Mckee. r. J. McQuade,
John 81 Riordon. r. J Donohle. Fran
sis O. Addison. ir., and 7 Hunton Leiln'
chairman ~ the dinner committee. The
ether members Of the committee were
r. II Cor and James g, DuliD, iF, the
attendance vas exceptionally large, all
egorecaallng the rare opportunity of
hearing a man ~ Judge PabonB eA~
EeYsence.
AsSseizles Honor Core0Fan Thorn.
The Security Club u the American
Feeuslty T. Trust CO me, last night at
tfae Grace D0cRe GARDEN House. The
guest ~ honor Was Sne banks ae#
president. Cogcogan TnDDn. VINO Was
given royal greeting. There %efe .
nGn7EeY u entertainment features Wnlch
e suae6 keen enjoyment Frank NJ. Per"
ley Is pgeg sent of the club
Pullman A. Shining Example.
In this WeekG advertisement present.
eo by members " the District sankers
Hssoclat.of urging the ssifetlOD oi
banks a. elecuDaa u wills the vii oi
ttae lats Ceggg@ III Pullman u Pullman
caf fame Is qnatea ~ q shining example
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responsibilities be dld moi make hei
tx7gsJee oF execUfriz - his viii Tbs
trust officers pf The banks consider eucf
D move 3a most wise ailc suggest " thf
public t3at = coFpJfate executor is ln
lr,altl0u " aBs'Bfns the responsibility snc
1lsh tar banks aide experience an1
nsined organization 70 splendid ad
vantage
BgSre Farm Help Available.
gne farm iaipgr supply h slight!
gsyyoT than IL this tlDae laat yea2 Du