Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-27
LOCAL GAS LIGHT
4. PROFITS ADVANCE
B. & 0. and Pennsy Also File
Reports-Park Savings
Makes Promotions.
BY EDWARD c. STONE.

Light Co. In April showed modest
gain of $4,198.22 over April, 1880, ac-
cording to the monthly statement just
filed with the Public Utilities Commits
sion,
Operating revenues amounted to
$543,074.77, compared with S518. 585 06
in April last year; operating expenses
amounted to $332,416, against $3l<,-
09l.3S in the same period year ago,
leaving q total operating income Of
$f76,366.46, compared with Sl70, 487.54
In April, 1880.
Deductions from gross called for $751;
1l703, against deductions year ago
amounting to the lower figure of $62,-
39157. After these subtractions the
gas company reported total net in
come for April of $l14,114.69, against
$109,91647 q year ago.
The Washington Gas Light state
ment also showed earnings for the first
four months of 1881. Operating rev.
enues totaled $2,358,705 against
$2.064 1913 last year: operating ex-
penses required $1,433, OTTO, against
the lower figure of 81 ,307, 701 SO a year
ago, while operating income reached the
total of $78l ,415.44, in comparison with
1924 ,2l4.23
Total deductions from gross called for
$268,620.27, compared with $3.50 11947
year ago, leaving a net income of
1881 ,122.l7. against the much lower fig
ure last year of 1881 1880.
Georgetown Gas April Report.
The Georgetown Gas Co. has reported
April earnings to the Public Utilities
Commission, operating revenues amount
ing to $107,5l9.05 against s100,25l.7 II
a year ago. Operating expenses we're
SGT so7.32 against s7o,171.s2. Revenue
deductions totaled SCI .l7l92. Revenue
S74,S13.83 in April, 1890. Operating
income totaled Sl5,841.66. compared
with $25.438.8S, after all other deduc-
tionS, leaving a net corporate income
for the month of $l2, 1924, against
$21 .730.30 last year.
For the first four months of 1891
the Georgetown company reported OPP
Grating revenues of $480.557.13, COM
pared with $S99, 706ll; operating ex-
penses totaled 1896, $40 80, in COMPARE
son with $3.50 ,386.25 last year: while
total revenue deduction amounted to
$411,95T.68. compared with $299, I'll 90
in the first four months CT 1880.
This left Georgetown Gas with a gross
of $74.890.03 against $l04, 1886 03 in the
same period last year, and total net
income so far this year of SIS, 661 IS
against $84.53l.45 a year ago.
Park Savings Votes Promotions.
William S. Strauss, first assistant
cashier Of the Park Savings Bank, was
elected cashier at meeting last eve
ming. taking this Office from the shouI-
ders OF Robert S.. Stunz, executive vice
president. Russell A. Houser was
elected to succeed Mr.. Strauss and H.
M Herndon. note letter, was elected an
assistant cashier to succeed Mr.. Houser.
NHr Hx<sNsm a..
Joined the Park Savings staff Is years
ago. as a junior clerk. Mr.. Houser,
formerly head teller, has been with the
bank IL years and been an assistant
cashier for three years. Mr.. Herndon
has also been connected with the bank
IL years. having started his banking
career with the Franklin National
b. & o. Report Out Today.
The Baltimore & Ohio Railroad to-
day reported net railway operating in
come FOR April of 81 .954,578, against
$3,f23, 1872 in April, 1880, or a decrease
of $i,178.145. For the first four months
OF the present year the B. g. o. re-
ported net railway operating income
of s6,l60,s78, against $9.g37,950 In the
first four months Of 1891, decrease
Of $3,776,972.
The Pennsylvania Railroad reports an
April net operating income of $4,370.-
993, against $3.50. 800 in April, 1880,
a decrease of $5,I99,367. Net railway
operating income for the first four
months of 1891 totaled $l3 ,679, 997,
against $29. SOS, 1896 in the same four
months last year, or q decrease so far in
1881 Of $15,s25,399.
Lively Trading on Exchange.
The washington Stock Exchange re-
corded another lively trading session
today. Washington Railway & Electric
Is figured in the days first sales, OPEN
ing at 90H and closing at the same
figure. Washington Gas issues and
Capital Traction IS also appeared on
the board.
Bank stocks were again In the lime
light, but sales were not nearly as heavy
as yesterday. Federal-American Ma
tional Bank q Trust Co. sold ut so,
Liberty National moved at 100. Cont
mental Trust Co. figured in two sales at
lis and q single share of Union Trust
Co. moved at 200.
Lanston was the most active stock on
the board today. 1t opened at 30 and
closed at 1914, the turnover being Just
100 shares with IL different sales.
Mergenthaler Linotype sold at 10, Po-
tonlac Electric Power 5h per cent at
Ill and Peoples Drug preferred at lO0%.
G. w. U. to Give Insurance Exams.
The American College Of Life Under
writer's announces that George Wash
ington University has arranged to hold
the examinations June 18 to 20 for the
chartered life underwater certificate.
Similar arrangements have been made
by 80 other universities in various parts
Of the country. The total number of
approved candidates is 800, indicating
the great increase Of interest among
ffn sw-os fvN ~t@fa fxafS.
fessional status.
Only successful life underwriters with
over three years experience and vouched
for by the local authorities are eligible
for the examinations, which deal with
general education, economics, finance,
law, the actuarial science and psychol-
ogy, The Washington Chapter Of the
Maynard G. Burreil, H. Lawrence
Ciaoate, James a. DeForce, II. Cochran
Fisher. Frank d. Roach and Dwight T.
Scott.
HeaSd In Financial District.
Peoples Drug Stores. Inc, has de-
clared the regular quarterly dividends
Of IS cents on common stock, payable
July / to stock on record June and
$1.6255 on preferred stock, payable June
Is TO stock on record June !.
International Business Machines
Corp. declared regular quarterly divi-
dend Of $50 ON common, payable July
10 20 stock on record June 20.
ID. F. Kelly, president of the National
Retail Dry Goods Association, makes
plea for maintenance Of wages, endors-
ing stand Of James A. Farrell, preSi-
dent Of United States Steel Corporation.
announcement was made yesterday
that employees Of d. J. Kaufman, Inc,
have been insured with retirement in
come bonds