Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-25
WASHINGTON GAS
INCOME HIGHER
Dank Stock Hits New Peak on
Exchange-Fifth District
Trade Improves.
BIZ EDWARD c. STONE.

BIZ EDWARD c. STONE.
Net earnings of the Washington Gas
Light Co. for the month of February
showed a gain over the same period
est year. according to the monthly
tatement filed today with the Public
Utilities Commission.
The net income stood at S130,426. 03
IN comparison with a net of $127,377.7 II
in February. 1928 Operating revenues
amounted to $3.50, 977.l6. as against
@553,15891 in the same month a year
ago.
Operating expenses totaled 1927, 1926 sc
in February this year, compared with
1888, 460.71 in the corresponding period
last year. The usual deductions left a
total operating income of $188. $1,000,
in comparison with $l80,430.75 in Feb
ruary, 1923.
Bank Stock at New High Mark.
Stock of the Washington Loan g.
Trust Co. sold at q new peak on the
Washington Stock Exchange when 10
shares moved at 545. The last sale in
this issue was recorded at 523.
Capital Traction, selling ex-dividend,
closed + of a point higher today than
on Saturday. 1t opened at So, went to
9614, 96l2. winding up the day at 967s,
all the sales being only. 10-share lots.
Columbia Sand & Gravel preferred
cold ex-dividend today at 90 and 92A
The rest of the trading was in bonds.
Georgetown Gas IS moved at 101 on a
$1,000 and $4,000 turnover. Washing
sale at l02 3, while a $1,000 B bond
sold at los. Potomac Electric Con-
solidated IS recorded g $4,000 trans
fer at 1017s.
Georgetown Gas Net Higher.
The Georgetown Gas Co. also report
ed larger net in February of this year.
compared with year ago, The report
Illed with the Utilities Commission
showed net income of $l6,822.36. as
against S15,014.29 year ago.
Total operating revenues amounted TO
S98, 1886. compared with S84.69 70 a
rear ago. Expenses took ST., str. 98 this
year. while they were only $62.89319
N February, 1928
Other deductions left a total operat-
ing income of S2066097. against a net
operating return in February, 1928. of
Sl8,607,93.
Fifth District Trade Improves.
Retail trade in the fifth Federal Re-
Serve district has taken a jump with
the arrival of warmer weather. ac-
cordlng to the latest reports to the
FEDERAL Reserve Bank of Richmond
While February business was slightly
DeloW the same month a year ago. it
Is now predicted that March will show
a substantial gain over the correspond
ing month in 1928.
The most marked improvement in
sales in the agricultural districts has
been in fertilizers. Farmers have been
holding of their orders, but have gone
into the market much more freely dur
ing the past few days, the Richmond
Bank reports. Seed houses are expert
enclng a lively increase in their busi-
ness.
Twenty-three important banking CEN
tiers in the district, for the week ended
March Is. reported deposits of S31O,180-
0oo as compared with S287. 1928 600 for
the same period last year.
Highway construction is playing an
important part in furnishing employ
naent throughout the district. Road
work is now general and idle labor is
being rapidly absorbed. Particularly
large road construction programs are
being shaped in West Virginia and
North Carolina.
Conditions in Other Districts.
In the New York district better
have helped industry Improvement in
the draggy building interests is also
noted. New England also reports i'm
provement. The shoe industry is oper-
ating close to capacity, but jeWelry sales
for March have been Is per cent below
last year.
The Philadelphia district claims BUSH
ness expansion because of an increase
in check payments of II per cent over
asst year. More employment in cloth
ing plans is reported in Cleveland Chi
cago reports healthy business despite
1oan reductions by banks, while st.
Louis hopes for industrial expansion
curing the next month and notes i'm
i3rovement in building operations.
Kansas City reports gain in aver
"ge daily sales, San Francisco reports
nat wages are higher and pay rolls
larger than at this time a year ago.
atlanta is expecting much benefit from
the new Goodrich plant now being
c-ected.
Two Dividends Declared.
At meeting of the board of direc-
tcrs Of the Lincoln Investment Cor
coration held at the Offices of the
company in the American Building it
'Fas voted that the regular quarterly
dividend of ~ per cent on preferred
lock outstanding. as of March IS. be
raid to stockholders of record on that
late. A dividend of rs cents per share
r,as voted on the common stock. The
dividends are payable April /.
Southern Diaries Earnings Compared.
Following the announcement that
Southern Diaries. Inc, earned $144 a
ohare on the class A stock in 1928,
against a much lower figure in the pre-
Eious year, the following comparisons
from the consolidated income accounts
CT 1928 and 1927 are presented:
1928 1927.
ct sales ............. .Sl1,734954 $ll476,6l3
LXp-, etc. ............. l0,143292 10034,903
Balance ............ sl,59l.e62 s1,44l,7l0
Other income. ........ 1890 4T.178
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