Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-25
WASHINGTON GAS
EARNINGS HIGHER
Net Income for August Was
1895 Greater Than Same
1890 Month.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Net earnings of the washington Gas
Light Co. in August registered gain OF
$4,000 over August, 1880, according to
the monthly financial statement filed
with the Public Utilities Commission TO-
day.
Operating revenues in August totaled
$685., 026.61. compared with 1887 1923
in the same month last year, while
operating expenses required S267, $685. 90,
against 1882, 1869 year ago.
Total operating revenue reductions
called for $285 ,372 49, compared with
SIT, 369.59 in August. 1880. leaving a
net income from operations of $685.
653.63, against $59,8001e.
Incorporating income amounted to
$5,l09.53, against $2,459.68 a year ago,
giving the gas company gross income
of $7l,76316. compared with $62,259.87
in the same month last year.
Interest and miscellaneous deductions
from gross required SCI, 938.27. in COM
parison 9th 9,43068, leaving net
income of $3.825.88, against the lower
figure of $2,82919
Metered sales to general customers,
sales to other corporations and sales
for municipal street lighting showed an
increase of s27, 597,89 over August of
last year, but expenses cut down the
gain, reducing the companys net profits
to the above figure.
Eight Month Returns Filed.
Returns for the first eight months of
the year were also filed by the gas COM
pany Operating revenues were $4,028,-
63807, against $3.693, 24368 in August,
1890
Operating expenses totaled $2.486,-
96307, compared with $2.411 1888 50,
leaving operating income, after the de-
duction of operating expenses, uncol-
1ectable bills and taxes, of S1,304, 1906,
in comparison with $1,056, 40905.
Non-operating income was $9,773 SO,
against S15.786.76 year ago, and gross
corporate income reached the sum of
81, 313, 1860, compared with $1,072,
1851. Total deductions from gross to-
tailed $40, 1S4.35, against $491 ,523.87.
Total net income for the first eight
months of the present year amounted to
S773, 1854, compared with $580.671 81,
showing the substantial gain in net
profits of $le3, 103.40.
Bank Elects New Director.
Thomas N. Beavers, vice president and
treasurer of Peoples Drug Stores, Inc,
was elected a director in the Bank of
Commerce g. Savings, at the annual
meeting held in Alexandria yesterday
Yesterday was the stock holders TWEEN
reelected including:
Maurice d. Rosenberg, Joseph Sand
ers, Irvin Owings, John M. Riordon,
Thomas j. Groom, Joseph H. MilanS,
Clarence A-skWeaver, William L. Bush,
Harry M. Bedell, James E. Collihower,
E. Taylor Chewing, Floyd E. Davis,
Richard L. Elliott, Albert S. Galley.
Martin A. Leese, Harry E. Mayor. John
+. Maury, Vernon G. owen, Ellie Sheetz
and Frank Owings
MIR. Beavers, the new director, is wide
~ known in Washington's business cir
cles. He resides in Chevy Chase, Md,
is member of the Manor Country
Club, Chamber of Commerce and Board
OF TRADE. He has number of fra
ternal Affiliations, among which is King
David Masonic Lodge.
M. ID. Rosenberg, president Joseph
Sanders. vice president, and John M
Riordon, executive vice president, being
among those elected to the board. have
occupied executive positions with the
institution continuously since the bank
was organized
Today's Trading on Exchange.
The first sale on the washington
Stock Exchange today was 81 900 Wash
ington Gas Light SIS, Series A. at lO3.
Another $1,000 sold later at 1927 and
there were several small sales in the
same issue.
Barber & Ross 61zs figured in a 81 .ooc
turnover at n and 81 900 Potomac
Electric Consolidated SIS changed hands
at lO4H and 81 900 more at 1o4.
Federal-American Bank stock sold
today ex-diMdend at 44A and 441k in
1O-share lots. Federal American Co
common came out at 81 for Is shares,
flve-share lot later selling at the same
figure.
Mergenthaler Linotype sold in small
lots at 1914 ard 70, this stock now being
quoted ex-diyidend.
washington Railway 81 Electric pre-
TERED came out on the board at 98A
on sales totalling 40 shares
1t was announced that the Columbia
National Bank had declared the reg
ular quarterly diyiyend of SO a share
payable October / to stockholders of
record September 30
Heard in Financial District.
Charles E. Howe, treasurer of the
American Security & Trust Co, has re-
turned to the bank after passing sew
eral weeks at his old home in Mifdin-
town, Pa. He got most cordial greet
ing from his associates on the Wash
ington Stock Exchange.
Ernest p. Herrell, president of the
international Finance Corporation. is
sojourning for few days at Atlantic
City on his annual vacation.
The Credit Bureau of the District of
Columbia Bankers Association, Charles
H Doing, chairman, held a maeting
yesterday afternoon.
Chan G. Mason, connected with the
Aetna Life Insurance Co. here, was an
other local agent entitled to attend the
'million-d dollar round-table" sessions at
the Pittsburgh Convention, having writ
ten 81 ,o49, 900 in insurance in tie past
year.
The directors Of McCrory Stores Cor
poration have declared the regular
quarterly dividend of $l.50 per. share on
the preferred stock, payable November
2. 1881, to stockholders of record Oc-
tober 20, 1881.
washington Clearing House figures
for todav "a Tor 7-z en-