Evening star., 1932-07-27
GAS SEARN|NGS GAIN
DURING FIRST half.
Net Income for Six Months
of 1882 Reported Today
as $794,492.60.
BY EDWARD C. STONE.

BY EDWARD c. STONE.
Total net income of the Washington
Gas Light Co. in the first half Of 1882
amounted to $794,492.60, these SUBJ
stantial earnings comparing with $73l,-
1857 in the first six months OF 1881.
This is a gain OF $63,3O7.O3 over a
year ago.
According to the financial statement
for the first half year, filed today with
the Public Utilities Commission, oper-
ating revenues for the period amount
ed to S3,270,057.36 against $3,293, 5000
last year.
Expenses and taxes called for $2,o91,-
900 II, compared with $2,l54 1876 up 70
the same date in 1881, leaving an op-
Grating income of $l,179,057.18 in COM
parison with $l,138, 764.20 year ago.
Gross income totaled $l,2l5,8l2.26
against SI,135,4526 64, while total deduc-
tons from gross for bond interest and
other expenses, required $42l, l,319 .66
against S404,267.o7 in the like period
last year, leaving the aforementioned
net income of almost 100000, a figure
which must be most gratifying to PreSi-
dent Marcy L. Sperry and his board of
directors,
Monthly Statement Also Filed.
The Washington Gas Light Co. also
fled its June report today, operating
revenues being S446,587.46 against
SAB 96092 in the like month year
ago. Operating expenses and taxes
called for S3l5.44067 against $780,
11224 in June 1881, leaving an oper-
ating income of $131, ,146.79, compared
with $159,848.6 68 year ago.
After payment of bond interest and
all other deductions from gross earn
ings, the gas company reported total
net income of $67 ,526.23, in comparison
with the higher figure in June, 1881, of
$96 .622 so.
The figures show that part of the
decrease is due to a somewhat smaller
demand for gas than in June last
year, but most of the difference comes
in increased expenses.
Georgetown Gas Report Out.
The Georgetown Gas Light Co. has
also filed its monthly statement Gor
June and the half year summary.
June operating revenues were $751;
38l,64, against s80,4l758.
Operating expenses required S7l,-
S57.41,. against $65 5,39052, leaving an
operating income of $12,360.31, COM
Total net income for June was So
283o 90, compared with $9,636.0e a
For the first half of 1882 the George
town Gas Co. enjoyed larger operating
revenues than in the same period last
year, $685., ,722.Sl, compared with $685.
565.29. Operating expenses totaled
1854, ,26020, against $545, ,402.89.
Income from operations reached the
sum of S10S, 1912, in comparison with
see, ,060.39 in the first half of 1881.
After deductions for bond interest, the
gas company had net corporate in
come of $90,779.78, against $76,929.30
in the first six months of 1881, gain
so far this year of sl3,859.4S.
North Americans Earnings OFF.
The consolidated income statement of
the North American Co. and subsidiary
companies for the II months ended
JAne 80, 1882, shows $19,557 ,331 for
common stock after all operating ex-
penses. interest charges depreciation
and all other reserves and preferred
dividends.
These earnings for common stock
represent decrease Of 1878 per cent
compared with those for the IL months
ended June 80, 1881, and are equal
to S2.S3 per share on the average
number of shares of North American
common stock outstanding during the
IL months ended June 30, 1882, COM
pared with $3.50 per share for the cor
responding period ended June 80, 1881.
Appropriations for depreciation re-
serves equal 1918 per cent OF gross
earnings for IL months ended June
80, 1882, compared with 1899 per cent
OF gross earnings for the 1881 cor
responding period.
american Ice Nets Cent a Share.
American Ice Co. and subsidiaries
report for six months ended June 80,
1882. net profit of S427,738, after IN
tsrest, depreciation and Federal taxes,
equivalent, after dividend requirements
OBJ per cent preferred stock, to cent
a share on $500 no-par shares OF
common stock. This compares with
Ssl9339 or 81 cents a share on 60O,-
oe0 common shares, including shares in
treasury in first 6 months of 1881.
For quarter ended June 80, 1882, net
profit was s341 ,634. after taxes and
charges, equal, after preferred dividend
requirements, to % cents share on
559,200 common shares, comparing with
S86. l04, or 81 cents share on l39,-
753 shares of per cent preferred
stock in the preceding quarter, ana
S771, ,252. or 81 cents share on 6OO,-
900 shares of common stock, including
treasury shares, in the second quarter
of previous year.
B. g.. o. and Southern's Earnings
The Baltimore & Ohio reported net
earnings for June today at $2,l32, ,3s4
compared with $3262, 1852 in June, 1881,
a decrease of 81, ,129,958, for the first SIX
months of 1892; net railway operating
income amounted to s9,043,172 against
$l2,387, ,686 in the like period in 1881.
The Southern Railway reported a
June deficit Of $348843 against net
profits in June, 1881, of $649, ,698.
The first 26 leading railroads OF the
country to report for June showed a
decrease of approximately 60 per cent
In net operating income.
Today's Trading on Exchange.
On the Washington Stock Exchange
today four shares Of Capital Traction
stock, hardly enough to make market,
sold at 6. This is an all-time low. The
stock closed with bid and 712 asked.
Potomac Electric Power 5l2 per cent
preferred came out at 1892 and Wash
ington Railway & Electric preferred
changed hands in very light trading al
TIN. -
The most important business Of the
day was in the bond division, three
$1,000 sales in Washington Railway q
Electric As being recorded at 1872.