Evening star., 1932-05-24

would De tne most important Ine aSSO-
citation has ever held. He bases this
claim on the present situation in the
banking world everywhere, outlook for
tions. and score of other factors
which will be given particular atten-
tion by the bankers.
Signs of recovery, how soon subStan-
tial gains will be recorded, what the
banks can do to help business and at
the same time help themselves, will
also come in for attention. either dur
ing the convention sessions or during
the many personal talks that always
take place at gatherings of this kind.
Mr. Pope declares that it is much more
important for financiers to attend this
years assembly than those held in the
past in times of great prosperity.
At the last meeting of the heads of
all committees it was stated that this
years attendance promised to be nor
NAL. or about the same as year ago.
An effort is now being made to pass
the 1881 mark.
GEORGETOWN Gas Net Higher.
Larger earnings were shown by the
Georgetown Gas Light Co. in April
than in the same month year ago,
according to the monthly statement
filed with the Public Utilities Commits
sion today.
Operating revenues for the month
totaied Sll5O7648, against Sl07,5l9.05
in April last year; operating expenses
amounted to s9l ,92985, compared with
8780732 year ago, leaving after de-
duction of taxes and uncollectible bills,
an operating income of S19,056.80 in
comparison with S15,84l.56.
Incorporating income totaled ST.
1892, against Sl,59l85 year ago,
while deductions for interest on bonds,
etc. took S4,56540, in comparison with
s4,7Ol27 in April. 1881, leaving net
corporate income for the month of SIS
OO9 81, against the lower figure a year
ago of Sl2,732.24.
Earnings to date also showed mod
est gain in profits SO far in 1882. OPP
Grating revenues amounted to S497,-
84289 against S480, 0,55713; expenses
uncollectible bills and taxes required,
S4l6,4147l, compared with SAIL .68
a wear ago. leaving a total operating in
come in the four months of S8l ,428.l8,
in comparison with S68.599.45.
incorporating income was S6,423,55,
compared with S6,29058, making gross
revenue total S87,85l.73, against STA
G9OO3. Deductions from gross claimed
sl8,25772. against sl9,228.38, leaving
lOur IlOIlLllS ltI OpGl delli6 iiiSOiiie "a
s69, ,594 Oh. compared with 55,661 90 in
the corresponding period last year.
Today's Trading on Exchange.
On the Washington Stock Exchange
today, five shares of Capital Traction
stock sold at II, fractionally lower than
Yesterdays light sales. The market
closed with a new low bid of IL y and
1872 asked.
After call Washington Gas Light Co.
IS, series A, figured in five sloo sales,
all at SO. Trading in these two issues
completed the days transactions:
weakness in Capital Traction was said
to be due to the merger outlook, the
stock sold, however, being almost too
little to mention.
Yesterdays reprt of the washington
Gas Light Co. has aroused considerable
interest. the report showing a gain in
the sale of gas of over $4,000, and a
reduction in April operating expenses
of S3,576.3O. making the operating in
come up more than $4,000. Net oper-
ating income for the month was up
over $4,000.
1t is stated however, that the report
Is not quite as good as 1t looks ana
that stockholders should not get wrong
impression from the figures. In April
q year dBO lllc llCHlo ic6oioiiiS oPPii
ances were included in the monthly
figures. The department showed loss
which cut down the net that much.
They are not recorded elsewhere in the
monthly reports so that losses in this
line do not appear in the monthly
earnings totals The bookkeeping change
indicates that the Gas Company is not
making money quite SO fast as the
figures would indicate.
Real Estate Department Moves.
The real estate department of the
American Security & Trust Co. has
moved back into the new banking quar-
ters after being located in the Walker
Building while the extensive building
project was being carried out in the
head Office The Offices are now closely
connected with the trust company S
other banking quarters on the street
floor. The new Offices are most spa
cious and conveniently arranged. many
floral decorations making them very
attractive today.
The trust company's real estate de-
partmeht is in charge of William L.
Beale, as real estate officer, and A. H.
Shillington. an assistant secretary Of
the company.