Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-30

day:
"The National HAAa - zzazsS1
Capital should see L. p. McLachIen.
steadily improving
economic conditions during 1881. Bank
ers are agreed that the hardest par
Of the depression is over, that business
will not stand still, and, therefore, mus
advance.
THE decline has been as much over.
done as was the wild speculation veal
ago. There is a medium ground be-
tween the helgths and depths OF thu
business scale, which is called norma
times. That Is the goal to work for II
1881
1.-THE law of supply and demand is a.
vital today as it ever was. AS time goes
on demand is sure to increase and bring
on a healthy buying movement IN 8
great many different lines. The en-
larged demand will put new stralr
on supply, giving needed acceleratlon tC
the industrial wheels.
Some gloomy people speak as If busl-
ness in Washington had been at a stand
still during 1880. That there has been
serious depression everybody admits, but
i retail trade here has not been very tal
behind last year. Not nearly so far as
might be supposed-only is per cent
in the first 10 months of the year. II
Wiil REQUIRE only modest additional buy
ing to establish some new mercantile
records in this city in 1881.
washington banks are in sound
and highly favorable position. They
have taken care of the needs OF local
business this year and will DO the same
in the next IL months. The. national
and international business disturbance
has brought about remarkable swing
toward INDEPENDENTLY notable in
Washington where the Government pay
roll is almost constant Money has
flown into the savings departments OF
the banks in large amounts and nc
doubt will continue to do so during the
coming year. 1t is most healthy sign,
a powerful factor in increasing bank de-
posts and places the depositor in an
enyiable financial position.
Conservatism should be the rule in
the coming year. We shall see no runa-
way markets until price indexes and
trends show marked changes. AS 1890
closes, improvement seems certain. The
slower it is, the sounder will be the
foundation for a further advance.
while there are plenty of financial
clouds on the business horizon, the
worst of the storm has passed. Whether
increased prosperity comes in early
Spring or later, Washington is in po-
sition to enjoy more than its share of
the expected Improvement" the presi-
cent of the Bankers Association con-
cluded.
Washington Gas Light Net on.
Total net income of the Washington
Gas Light Co. in November amounted
to S68,250.2l, compared with $79,744.50
IN November, 1929, according to the re-
port filed today with the Public Utili-
ties Commission.
Operating revenues totaIed S5I6, TAG .O9,
against S495, 40203 in the same month
last year; operating expenses required
S359,307.20 in comparison with $685.
o45.35 year ago, leaving total oper-
ating income Of $127,75l73, compared
with S138, 747.32.
Incorporating income amounted to
$3,556.8l, compared with S4,2l1.8l last
year. After all deduction the gas COM
pany had a gross income of S131, 1903 54
compared with $142,95913. While the
report shows good gain in operating
income the falling off in net earnings
appears largely due to the higher oper-
ating costs.
The gas company reports for the first
IL months of the present year oper-
ating revenues of S., 093, 87804, against
S5,lO6,930.49 In the corresponding pc
ROD in 1929. Operating expenses re-
quired $3,408, $4,000 this year against
S3,363, 33232 a year ago. leaving total
operating income of 81 ,385 073.77 so fal
this year, against the higher figure OF
$l,426,053.7f last year.
Gross income was 81, 41O, 1914 against
S1,459,311.32 in 1929. Total deductions
from gross took S675, 256.83, in compari-
son with s670,8ll20 a year ago. This
left total net income for the II
months amounting to S735, 1ol.31, COM
pared with the higher figure in 1929 Of
$788,50012
Georgetown Gas Files Earnings.
The Georgetown Gas Co. today re.
ported operating revenues of $3.50. 81
in November, against S67, 203.72 in No.
vember, 1929; operating expenses OF
S79,5l3.23, against S66 ,54464 last year
leaving an operating income of $l3,.
O29.54, against SIG ,2373l a year ago
After all the usual deductions, thu
Georgetown company had a net incom,
OF $9,629.35, in comparison with S12,.
1890 in November, 1929.
For the IL months the company re.
ported operating revenues amounting
to 1851 ,43l.60, against S693, 006.57, anC
total operating expenses of S722, SAB .95
compared with S677 ,06568 in the frs
IL months Of 1929. The gas compan!
had an operating income of $l87, 1928
against Sl7l, 1923 last year. Thu
the net earnings make better showing
A44AS year LildlA III 1879, DCulS 211O, Gzsoo
compared with Sl32, 260.70 in the sam
period year ago.
wilkins Co. Declares Dividends.
The board of directors of the Johl
H. wilkins Co, coffee merchants, hav
declared the regular semi-annual divi
dccd Ct 4 per cent on outstanding pre-
fcl Gt stock and a dividend of Sis
Per share on the outstanding common
stoek. Both dividends are payabl
January 10. 1881 to stockholders o
record as of December 81, 1880.
Exchange. Is More Active.
The Washington Stock Exchange TO
day showed considerable activity fol
lowing its recent unusual dullneSi
Capital Traction again attracted at
tention by dropping TO Ala, ex-diYi
dend. at the close. The stock opene
at 4212. However, the days sales wer
only 40 shares.
I4anston opened at 104 and close
at 102, on a turnover OF SIS shares Mer
genthaler recorded a 30-Share tranSfe
at S4l2, ex-dividend. Both Potoma
Electric Power preferred issues appeare
on the board and 10 shares of Prime
Georges County Bank & Trust Co, sol
at 90.
Washington Gas bonds were in bette
demand at recent levels, while Barbt
Sc Ross 6lzs figured in 81 600 sale Z
IS. Tomorrow will be one OF the bis
gest days Of the year for dividend pay
ments on LOCAL issues.