Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-26

mentS include add
tional switchboards in the Clevelan
central Office and changes in the head
quarters building at TBS Thirteent
street and in the Twelfth street centrs
Office building. also extensions to tn
underground cable system in the Lincol
central Office area.
Mr.. Coffin entered the employ of tn
Bell system with the New York Tele
phone Co in New York City in 1905
During the latter part of the year h
was transferred to the Chesapeake {
Potomac Telephone Co of Washington
as agent. Subsequently he was asso
ciated with a number of the Bell sys
tenn companies in the East In 1911
he was appointed general auditor o
the Chesapeake e. Potomac Telephon
Co. and associated companies. with head
quarters at Washington. and in 1923 h
became vice president and general audi
tor.
Mr. Porter entered the service of tn
company at Washington July /. 1906
as division manager. He held this pc
sition until March /, 1913 when h
was elected secretary of the Chesapeake
& Potomac Telephone system. He /
q director of the Union Trust Co. o
this city. Mr.. Sedan also is promi
k1CIlt III bllc GClcpilOliC UuSA1Soos
Gas Earnings in Sharp Gain.
Earnings of the Washington Ga
Light Co. made a sharp January gain
according to the report filed late yes
terday with the Public Utilities Com
mission, total net income for the month
amounting to S95,84780. compared with
S58,S17.49 in January, 1928, gain O.
more than $4,000.
Net operating revenues amounted t.
S553,04388, compared with S5ll,752.0'
year ago. Net operating expenses to-
tailed $3.50, 1929, in comparison witt
S360,09136 in January, 1928. Deduc
ton of these expenses, taxes and un
collectable bills left net operating in
come for the month of s20.319.49
against an operating income a year age
Of S17,073.71.
Gross corporate income for thu
month amounted to Sl56,112.73, agains
S114,26l84 in January, 1928.
Georgetown Gas Net Also Up.
The Georgetown Gas Co. has re-
ported net earnings of sl6,4o4.97 il
January to the Public Utilities Com
mission, against sl3,360o7 in January
1928, an improvement of s3,0449o.
January operating revenues Of thu
Georgetown company amounted to 500,
1859, a gain of S18,29520 over yea
ago, whereas operating expenses wer'
S73,971.37, as against SOL $1,000 in Jan
uary last year. Taxes stood at $5.435.1 i;
end operating income at 20,319.49
Gross corporate income reached S21,'
<6081, an increase of s3,34032 ovel
January a year ago.
c. & o. Reports Net to I. c. c.
The Chesapeake g. Ohio's Januar,
gross revenues, as reported to the In
terstate Commerce Commission, were
Sl0.639.199, an increase of S717.899 ovel
January of last year. Operating ex'
penses were S7,315.773, an increase o.
Sl18,525 as compared with January o.
last year. Net railway operating in.
come is $2.85l 906, an increase of $685.
278 over January of last year.
The net income after all charges fol
the month of January. 1929. was 81.
c52,556, an increase of S679,939 ovel
January of last year.
The operating ratio is 68.8 per cent
compared with 72,5 per cent for Jan.
uary of last year, or decrease OF g.
per cent.
Fifth District Building Active.
From the Federal Reserve Bank o
Richmond come reports that building
in several cities in the fifth distric
in January were the highest in history
Reference is made to the great Gov
ernmental expansion program in Wash
ington, while building is also reported
brisk in Richmond, Charleston, Char
lotte and Baltimore, where construction
is chiefly industrial.
Trade in the Fifth Federal Reserve
District is also reported TO be movin,
along well. although retarded some
what by the weather last week. Balti
more and Richmond are expecting con
siderable extra business this week from
motorists on their way to Washington
to the inaugural ceremonies.
One of the outstanding industrial
features of the past few days is the an
nouncement that the Stillwate
Worsted Co. of New York will operat
three mills now being constructed il
Rockbridge County, Va. These plant
will have one operating head, but wer
built as individual units in order Il
draw the factory personnel from tn
communities in which they are located
Washington Gas Sells at III.
The first trading in Washington Ga
Light stock in many sessions took plac
on the local Stock Exchange today wl1el
10 shares changed hands at 1T. TIL
last previous sale was made at II
shortly after the annual meeting. TIL
stock closed today with ll6 bid and IL
asked
Capital Traction came out today a
1o534 for two l0-share lots. Railway
Electric preferred sold at 90 on sma
turnover. Potomac Electric Power
per cent preferred moved at 1l2. TIE
shares of Merchants Transfer e. Storag
common came out at l25. and 25 share
Of Federal Co. preferre
moved at l03.
Mergenthaler sold at 107 on a sc
share turnover. Terminal Refrigerator
& Warehousing Corporation sold {
5134. SIG and 51l4, when 70 share
changed hands. Chestnut Farms Dail
common sold at 2l5 and PA. The on,
bank stock moving was Riggs NatiOrs
3 shares selling at SIS. and the onl
bond sale was in Washington Gas 6
series B, at 1854.
Heard in Finincial District.
Y.E. Booker &; Co. investment banl
ers. have published an analysis of II
Mergentha!er Linotype Co. which il
cludes a summary Of net income, Su,
plus. dividends and earnings per shal
since 1917. In 1928 the compar
earned s744 per share. The book vail
of the common stock based on the 10.
balance sheet is $685. per share.
Prices of commodities during II
week ended February % advanced fiv'
tenths of / per cent. according to Il
wholesale price index Of the Nation
Fertilizer Association. Advances We
confined largely to eggs, feeds, liV
stock and rubber. Material declin
occurred in butter. gasoline, etc.
F. z. Keech e. Co. have sent o.
notices calling attention TO the con
ing removal of their main office fro
1910 II street to the corner Of Sever
tcenth and H streets. This is the huil'
ing in which the Metropolitan Club
fcated. -. v~- .~'s~.s 55s!