Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-28
SLIGHT DROP NOTED
IN GAS EARNINGS
G. & P. Phone Co. Also Has
| Lower September Net.
~ Local Calls Increasing.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Practically no change took place in
the net income of the Washington Gas
Light Co., in September, 1880, COM
pared with the corresponding month
ayear ago. Net profits were $50, 150.75,
against $50, ISL 03, slight drop of $700,
according to the report filed today with
Z the Public Utilities Commission.
Operating revenues amounted to
$38,954.16, against 1898 ,623.96 in Sep
TENDER, 1929. Operating expenses re-
Quired $28" ,285.77, compared with
$277, 1892, leaving total operating
revenues of $88,660.07, in comparison
with $50 ,o72.l0 last year.
Income from other sources gave the
gas company a gross corporate income
of SCI, 305 90, against $93,072.10 year
ago. Interest and other deductions
amounted to $59,155.17, compared with
s60.121.07 a year ago.
For the nine months of 1880, the gas
company reported total operating rev.
erlues aounting to "a, OBJ, 1874, against
$4,144, 685.o6, while revenue deductions
required $2,936, 12872, compared with
$2,971 1929, leaving an operating in
come of $l,l45,0 69.l2, compared with
$1,173,545.77.
to date reached 81 1853, 501.73, against
Slice, 636.21 year ago. In the same
period other deductions such as bond
interest etc. absorbed $550,679.o4, in
comparison with $546,075.35, leaving a
total net income for the nine months
amounting to $612,822.69, compared
with the higher net return last year
Of $685., 560.86.
A study of the report indicates that
f1a fnl HfF Ia afvHnr@ Dc 80
lower sales of gas so far this year.
The main factors in the decline are
the let-up in business compared with
/. last year and in the intensely hot
Summer.
C. e. p. Phone Net Slumps.
The balance net operating income Of
the Chesapeake g. Potomac Telephone
Co. In September was $97, 119, which
was a decrease of $5,223 over the same
month last year, the report of opera
tions just filed with the Public Utilities
Commission today shows.
Net operating income for the nine
months ending September 80 amounted
to 500, 687, which is decrease of $685.
335 over the same period last year.
Telephone operating revenues for the
month of September were $780, 45,
with expenses of $3.50, 007. Operating in
come, after deducting taxes and I'M
collectibles was $141, JOB.
Telephone operating revenues for the
nine months ending September 80 were
s6,3e6, s8s, with expenses of $4,705, 1873,
making operating income after deduct
ing taxes and uncollectibles 81 ,302,843
Taxes for Sept s~I)er aI<cunted to $43,-
153. Taxes for the nine months end
ing September 80 amounted to $415, 1853.
Capital expenditures for new plant
and equipment during the first nine
months of the year amounted to $2,721.-
32e Gross retirements during this pc
Rod were $2,628, 1924, making net ad-
for the IL months ending September
80, amounted to $774,439.
Telephone Calls Increase.
Telephone calls in Washington in
creased 81 per cent in September over
the same month of last year, 15,604. las
calls being made. At the close of BUSH
ness September 80. there were 163, 736
telephones in Washington.
The officers and directors Of the tele-
phone company visited the Western
Electric Co.'S plant at Point Breeze,
Baltimore, yesterday, where they were
the guests of w. H. Meese, vice presi-
dent and works manager.
Those from washington who inspected
the plant were Edwin C. Graham, John
Poole, B. Francis Saul. w. w. Everett,
Robert v. Fleming, Merle Thorp, DR..
Gilbert Grosvenor, Lloyd B. Wilson,
Eugene S. Wilson, Philip o. Coffin and
Marshall d. Sedan, directors, and Wal
ter B. Clarkson, vice president and Sec
Rotary; John G. Rooms, vice president,
and r. A. Van Orsdel, general counsel.
Accompanying the officers and d.
h. - ~
featuring plant were the following
directors and officers of the Chesapeake
g. Potomac Telephone Co. of Baltimore
City: Charles H. Carter, Henry M. War
field, R. Howard Bland, william G.
Baker and Alexander Armstrong, di-
rectors, and Frederick J. Irish general
manager, and z. L. Florance, general
commercial manager.
The Western Electric plant in BaIti-
more is engaged almost entirely in the
manufacture OF telephone supplies for
the associated Bell companies. Much
OF the cable and wire used by the local
telephone company is manufactured
there.
Georgetown Gas Net Higher.
The Georgetown Gas Co. reported to
the Public Utilities Commission today
good increase in net earnings for the
month of September. Net corporate in
come amounted to $9,589.83, against
$6,674.25 in September 1929
The company reported September
operating revenues as $70 $3.50. 10, against
S66,942.25 in the same month last year.
Operating expenses totaled $50, 819 09,
against $52,74484 year ago. This
left an operating net of $13,059. 20,
against $9,959.45.
The company reported a substantial
gain In earnings for the first nine
months Of the present year. Operating
revenues amounted to 77o,659.93,
compared with $72l ,262.41 a year ago.
Operating expenses totaled $50, 164 AZ,
compared with $545, 73493.
After the usual revenue deductions
the Georgetown company had an in
come from operations amounting to
$l65, 904.27, against $l39 ,880.38. The
corporation had more than Sill 900 as
q incorporating income, took out the
usual deductions for bond interest, etc,
and then had a total net income for the
nine months of S132.44272 in COM
parison with the lower figure of $l07,-
194.53 in the first nine months of 1929
ID. c. Exchange More Active.
Trading was improved on the Wash
ington Stock Exchange today, being
divided about equally between bonds
anc stocks.
Capitral Traction stock was stronger
20 shares only being traded in and selling
at 5O%. In connection with this stock
It is interesting to note that an invest
ment firm recently made bid for !, 00C