Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-26
GAS FIRMS REPORT
MONTHLY EARNINGS
Washington Company Shows
Gain in July Net, but De-
crease for / Months.

Mixed trends are shown by the Wash
ington Gas Light Co. and the George
town Gas Light Co. in their monthly
reports filed with the Public Utilities
Commission.
Net income of the Washington conf
pany rose from SIG ,42578 in July, 1929
to $33,552.27 in July, 1880, but the year
to date for the company fell of from
$597. 970.29 in 1929 to S577 .84275 in
1880. Total operating revenue for July
increased from 1862, 55576 in 1929 to
1912 967.77 in 1880, while this revenue
for the year to date showed falling
of from So 1896 990S2 in 1929 to $685.
073.e0 for 1880. Total operating ex-
penses increased for July from $685.
1871 in July. 1929, to 1855, 709.07 in
July, 1880, while these expenses for the
year to date fell off from S2,l83,167.2l
in 1929 to $2,14s,l85.5 in 1880.
Georgetown Company.
Net income for the Georgetown Gas
Light Co. showed a sharp drop from
$6,7l026 for July, 1929, to S3.632.70 for
July, 1880, while the net income for
the year to date Of this company rose
from $95,561.4l in 1929 to sl17,937.99
In 1880.
Total operating revenues for the
Georgetown company increased from
$59,T79.98 in July, 1929, to SOL 1922
in 1880, while total operating expenses
increased also from $46,176,41 for July,
1929, to s52,47O.77 for July, 1880.
ID. C. Exchange.
Trading on the local exchange today
was confined entirely to the utilities.
Capital Traction sold at 81 to Sly.
washington Railway g. Electric As went
at 89h, Potomac Electric IS, 1858, at
1854. Potomac Electric construction
- I'D shin Grpc GS A
1o27k.
Thomas j. Groom of the committee
on standardized banking forms of the
District Bankers Association will meet
with his committee September ID TO lay
down plans for the future.
Although the decline in business Is
continuing, the bottom is near, and
further declines from this point wln De
moderate, according to the latest report
OF the Brooklnire Economic Service, Inc.
The report continues: ut now APP
pears that the final figure for our July
business index will be around 81 per
cent A figure Of SO per cent for July
will mean that August undoubtedly VIII
continue the downward trend, probably
to somewhere around 30 per cent
"The chief factors which VIII cause
the decline to continue will be steel,
construction and carloadings. AS re-
Gently as June the steel industry was
operating at approximately IS per cent
Of normal. July showed drop to about
"a per cent August will show another
sharp decline. It should be noted that
these figures represent percentages OF
calculated normal. Figures which ap-
near from day to day in the financial
pages Of the newspapers are stated in
Terms of percentages OF capacity"
Equipment Companies.
81 n{TS
business equipment companies reporting
to date declined 25.8 per cent from
those for the corresponding 1929 half.
The greater portion of the decline,
moreover, Was sustained in the June
quarter, according to recent survey of
the Standard Statistics Co. OF New
York.
In addition to establishing new rec
ord of earnings, the detailed report OF
Fox Film Corporation and subsidiaries
for the first six months of 1880, which
Is being mailed to stockholders by Har-
ley L. Clarke, president, shows the gains
which the corporation has made in its
financial position during recent months.
The report shows total current assets
of $50. 444.I21. as compared with cur
rent Liabilities of $l2,229, PAS, ratio
Of considerably over to as compared
with current assets of S23, 4OB565 and
CuEIeu6 udpAAtico Va 9TStASA'SoO 0S VAN
end of 1929.
Heard In Financial District.
John d. Howard, president Of the
Seventh Street Savings Bank, has re-
turned from vacation cruise on Chesa-
peake Bay.
+. Blackwell Smith, assistant cashier
of the Commercial National Bank is on
vacation at Cape May, N. J.
Peter M. Drury, director of the Mer-
chants Bank a. Trust Co. is spending
q few days with his wife and son Paul
in New York City.
william John Eynon, vice president of
the Federal American National Bank,
has returned from vacation in New
Jersey.
Arthur J. Linn, controller of the
Federal American National Bank, has
returned from vacation In Ohio.
A G. Ridgeway, life insurance man
Of this city has earned a trip to the
annual convention Of the leading sales
men of the Atlantic Life Insurance Co.
Of Richmond, Va, to be held at the
Hotel Ambassador in Atlantic City,
September to 6, He has represented
this company here since March 1928.
He will be accompanied on the trip by
Mrs. Ridgeway, Miss Gertrude Pickles,
sister of Mrs. Ridgeway, Miss Goldie
Allen and Miss Florence Johnson.
Floyd r. Miller of the local invest
recently returned from an extensive
trip over the properties Of the Missouri
Kansas Pipe Line Co.
CHICAGO LIVE STOCK MARKET