Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-29
washington GAS
| NET TOTALSS12,NS
June Report Shows Gain In
4 Operating Revenues for
Month.
BY EDWARD C. sTON.;.

Gas Light Co. In June amounted tc
Sl2,04866, according to the monthly
statement filed with the Public Utilities
Commission today. For the nail year
IL Is over $4,000.
The gas company reported operating
revenues of $451 .4l9.52, compared WITH
$435. 70o.55 In June, 1880. Operating
expenses and other deductions called
for $z3616577. against the higher f1g-
ure a year ago of 1927, 322.85, leaving
an operating income for June OF $2l5,-
253.75, against $l38,377.70 in June
year ago.
Non cooperating income showed fall
ing off Of SIS. All .26, against an increase
in June. 1880. Of $2,058.36. Gross in
cone for the month totaled $780,
1919, in comparison with $l40, 436.O OF
in the same month last year.
Deductions from gross required $67,-
1922. against $60,58l.45 year ago
leaving total net corporate income fol
the months operations Of $9l ,903.27
compared with $79.854.8l.
Six Months Net SlS5,3S7.l2.
The gas company's fnencial state
ment for the FIST half o: 1881 shows
that the depression he's had COM
paratively slight effect IN the utility
firms earnings.
Operating revenues for the six months
totaled $3,2s3,17639 against $2.9S:.-
1858 a year ago. Operating expenses
totaled $1.9SS,736.39, in comparison
with g., 49,. 476.52.
Operating income reached the sum Of
$l,137,319.l5, compared with $9o5,l47.6C
a year ago, while the gas company re-
ported a decrease in on-operating in
: come Of 1881 Sc, against an increase
last year of $l0,995.72.
Gross revenues in the first half year
fotaled Sl1340O759, compared with
$sl6,14272 In the first six months OF
1880. After all deductions for interest
payments and other charges. the cor
poration had a total corporate income
OF $729. 62s .08. against $544, 29o.48 in the
corresponding period year ago, or an
increase so far this year OF Sl82.337.l2
Georgetown Gas Net Higher.
The Georgetown Gas Co. reported a
slight increase in net earnings IN June
according to the report filed today with
the Public Utilities Commission. Oper-
$50, 4l758 against STA. in June,
1880 operating expenses totaled
$65. 39052, compared with $57,82357
last year.
Deduction Of operating expenses
taxes, ETC., left an operating income OF
Sl2,744l8, to be compared with $l2,-
79548 in June, 1890. Incorporating
income amounted to $l,586l3. against
$l23026. After the usual other deduc-
lions the company had a net corporate
income In June Of $9.636.09, against
$9.l09. rs In the same period year ago
For the first six months of 1881 the
Georgetown company took in operating
revenues of 1868 565.29, compared with
$5s0o3l89. Operating expenses in the
$545. 4O289, while this item last year
stood at SAILS, 504.73. Total operating
deductions, including taxes. required
the sum Of $567, 504.40, against SAP
94919 last year, leaving an operating
income of $96,060.89, compared with
S137082.70 year ago.
Gross income in the six months
totaled sos, 499. 65, against $l44,5o6 96
in the first half of 1880. Deductions
from gross, including bond interest
amounted to S28,570.35, against $780,
20l 81 last year.
This left the corporation with total
net income of S76,929,30, against STA,
305 so, or a decrease so far this year in
net profits of $37,376.39.
Local Bonds Remain Popular.
There was considerable trading in
bonds on the Washington Stock Ex-
change again today, the senior issues
having been in good demand for the
past week.
Washington Gas SIS selling at 107l2.
The next bond sale was in Georgetown
Gas SIS at 1854.
Columbia Country Club SIPS moved
at 1001a, and the closing sale was 81 600
Washington Railway & Electric Is at
p2&
Capital Traction stock appeared OH
the board again today the opening sale
being made at Al Il, off slightly from
Iaef h
small lots at Ala, Al, and closed at
4l1.
Potomac Electric Power 5i2s pre-
ferred closed at HOS, and so shares OF
Columbia Title Insurance Co. changed
hands at g.
Two bank stocks appeared on the
board. 10 shares of Federal-Americar
National Bank & Trust selling at 49,.
and 20 shares of Commercial National
moving at 210.
Heard in Financial District.
President David s. Bethune announces
that the July meeting of the District
of Columbia Life Underwriters Associ-
alton will be held at the Indian Spring
Golf Club tomorrow Following the
regular luncheon the afternoon will be
devoted to golf
G. Bowie Chapman, resident partner
Of Hartman &, Co., is on his way tc
his Summer home, ct Castine, Me. He
is making the trip aboard his sea-goine
yacht. Rima
Z. j. McQuade, president of the Dis
trict Bankers Association, has returned
from weeks vacation, passed en- the
New Jersey coast.
F. P. H. Siddons. secretary of the
American Security & Trust Co., is fin.
ishing his vacation, which he is pass.
ing in the vicinity of washington.
Frederick H. Cox. cashier of the Com
mercial National Bank has returned tc
his desk from his vacation.
M. H. Calnan was observing the an
niversary of IL years with the Liberty
National Bank today. In that time III
has advanced from a clerk to the posi-.
tions of vice president and cashier.
Frank J. F. Thiel, resident partner
Of M. j. Meehan & Co., members o.
the New York Stock Exchange. lef
yesterday afternoon on sea trip K
Boston, from where he will motor ir
New England. He will be away abou
three weeks stopping in New York or
his way back.
Company Votes Dividends.
The Great Atlantic & Pacific Tea Co
of America declared an extra dividend
of IS cents and the regular quarterly
dividend of $50 on the common, bott
payable September l to stock Of rec
ord August Z. The regular Quarterl,
dividend of Sits on the preferred
stock has been declared, payable Sep
TENDER / to stock of record August IA
AMERICAN TOBACCO.
NEW YORK, July 20 Especially .-Di.