Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-25
GAS COMPANY NET
GAINS S246,5[A.S
Local Utility Concern Files
Report Covering First 10
Months of Year.
BY EDWARD c. STONE.

Oh LIle washington AIdS LASlAe w. AoA
the first 10 months of the present year,
filed today with the Public Utilities
Commission.
Operating revenue for the 10-month
period amounted to $4,S98, 17722
against $4,577,13195 in the like period
year ago. Operating expenses, I'M
collectible bills and taxes totaled So
322, 101 .09, compared with $3.50 ,009.9 81
a year ago. leaving total operating
income Of 81 576,07613 in comparison
with 81 ,257 ,32204 in 1880.
Incorporating income totaled $l4.-
$3.50, against $2l ,727.56 last year,
while gross income stood at 81, $780,
Gel 50, compared with 81 ,279, 049.60 in
the same 10 months in 1880.
Total deductions this year called Tor
$677, 306.06, compared with $612, 1880
last year, leaving total net income OF
1918, 5.46 in comparison with $685.
851.l0 in the like period year ago.
October Gas Report Also Filed.
The Washington Gas Light Co. has
also filed its report for october, which
also shows a good gain in earnings
Operating revenues we're $4756s2
against $495, 934.11 a year ago
Operating expenses uncollectible bills
and taxes required S34l .245.07, against
1888. 681.19 in October, 1880. leaving an
operating income of $l34,44698, COM
pared with $l12,252.92 a year ago;
Gross corporate income totaled $140,-
370.29, compared with $115,54787 last
year, leaving a net income for the
month, after all the usual deductions,
amounting to $71 ,237. against the com
parable figure last year of $54028.41,
an. improvement of $17,20S.59.
Georgetown Gas Report Made.
Another important report filed today
with the Public Utilities Commission
was presented by the Georgetown Gas
Light Co., covering october and the
year to date. In october the George
town company had operating revenues
of $lo4,801.S4 against $S4,495.O4 year
ago.
operating expenses and taxes totaled
SS6, 948. SO, compared with S76,1S6.53
last year in October. Operating IN
come amounted to $17,853.26 against
$S,238.51 a year ago.
After all deductions the gas COM
pany reported a net income for the
month of $14,9o3.42, compared WIN
S4.65032, or more than three times
the earnings of the same month IN
1880.
GeorgetOwn's 1O-MOnth Showing.
In the first 10 months of 1881 the
GEORGETOWN Gas Co. had operating rev.
enues amounting to $975, l38.40, COM
pared with 1856, 09497 a year ago. While
operating expenses, unsolicited bills ana
taxes called for $836,079, against
$3.50 952.19.
Operating income totaled $139. o59. 40,
while this figure last year In Octoner
stood at $174,142.78. This year the 10
month gross was also lower, being
s155 .O02.23, gross in the like period
wear ago amounting to $186, $50 40.
During the present year the company
has paid out over SAL 900 in bond in
tereSt, this amount being the same as
in 1880. After all other deductions, the
Georgetown concern reported total
net income of SOB ,995 .25, against $137,-
Oo3 .O4 in the like 1880 period, a falling
OF in earnings so far in 1881 OF
: $28,09779.
Atlanta Bank Charges Scored.
Former employees of the Southern
Railway in this city, who are now work.
ing in the Atlanta offices, are COM
planning over service charges which the
banks in the Georgia city are now
applying to customers. One employe
writes:
Beginning this month, to assist Old
Depression, the banks have levied
measured service charge on all check
ing accounts under $500. Balance un-
der 500 cost the depositor 81 month,
as usual. and in addition 8 cents is
charged for each check over Is issued
against the account during the period.
An account with an average monthly
balance of from 500 to S199 is charged
8 cents a check, but 1lVe Tree cneckS
will be allowed
balances from 5000 to 1929 entitle
the depositor to eight free checks, with
3 cents for each additional check, ex-
cept that If the charge amounts 10 less
than Is cents it will be waived. Any
debit to an account is considered a
check"
Pennsy's Report Out Today.
The Pennsylvania Railroad today re-
ported October gross revenues as $685.
2O6 879, against $50 ,949,539 in october
of last year and $66 ,125,4 34 in October,
1929
Net railway operating income in Oc-
tober totaled s6.284, 500, compared with
$o912,914 in the previous year and
$15,O1O, 492 in october, 1929, freight rev.
enues. Of course, showing the most i'm
portant decrease.
Gross revenues for the first 10 months
of the present year amounted to $685.
377,628 against 1892, 1863 ,3l5 in the like
period in 1880 and 1888, 475,059 in 1929.
The Pennsylvania reported net rail-
way operating income for the 10 months
as $44, ABS, 734, compared with $83,024,-
705 last year and $122 ,042,5l8 in the
comparable 10 months in 1929.
Today's Trading on Exchange.
Potomac Electric consolidated SIS sold
to the extent of 81 900 on the WASH
ington Stock Exchange today at 102
Another bond sale was $500 transfer
in Georgetown Gas Co. SIS at l0l.
Twelve shares of Mergenthaler Limo
type appeared on the board at 81, same
as the last sale, which was also a very
small lot, there having been no i'm
portant sales in this issue since the
annual report came out few days ago.
The days final sale was in the un-
listed department, 500 Army and Navy
Club SIS changing hands at 85. 1t was
announced by the board of governors
that the exchange will be closed TO-
morrow. Thanksgiving day.
Financial District Gleanings.
The Chesapeake &c Ohio Railway has
declared the regular quarterly dividend
of 6212 cents on the common stock,
payable January l TO stock Of record
December 8.
The Chesapeake Corporation has de-
clared the regular quarterly dividend
of rs cents. payable January to stock
of record December 8.
The Norfolk G. Western earned
1922 on common in the first 10
months of 1881, against $3.50 a year
ago october net was S2,487, 296,
against $2.93o,422 year ago.