Evening star., 1932-11-29
WASHINGTON GAS
OCTOBER NET OFF
Georgetown Gas and c. & P.
kTeIephone Companies Also
4 Report Lower Earnings.
BY EDWARD C. STONE.

3 BY EDWARD C. STONE.
Three very important financial state
}nents were filed today with the Public
utilities Commission-one by the Wash
ington Gas Light Co., another by the
Georgetown Gas Light Co and the third
by the Chesapeake g. Potomac Tele-
phone Co.
After interest and all other charges,
the Washington Gas Light Co. reported
a total net corporate income for Oc-
tober, before dividends. of S5l 269.56, in
comparison with s71,237 in october,
1881
Operating expenses for the month
totaled S304659. against S312, 1927 in the
like period year ago. Expenses were
S8,I68 lower and operating revenues
were lower. amounting to S457912. in
comparison with operating revenues in
October, last year, of S475.692.
Taxes in October this year called for
S34,035, against S26,824 a year ago.
Uncollectible bills were larger, leaving
an operating income of S116,412, against
$134, ,446. incorporating income de-
creased from 1923 to S4.199 this year.
leaving a gross corporate income in
October of S1206ll, compared with
S140.370 in the like month a year ago.
Total net operating ryenues for Oc-
to'3e~ amounted to S153 253 against
$162,6o5 il October, 1881, revealing a
falling OF OF S9612.
Earnings for 10 Months.
The gas company also reported earn
ings for the first 10 months of the
present year. Net corporate income
before dividends totaled the substantial
sum of S848,952 against $913,355 in the
first 10 months of 1881, a decrease of
$64. .4O3.
Gas operating revenues for the 10
months amounted to $4,8l7,685, against
$4,898,177 last year. Operating ex-
penses called for $3,0O8,34 compared
with s303O,195 last year. leaving net
operating revenues of 81 ,809, ,345, against
S1,867 ,982 in the like period of 1881
Taxes required 1921 ,091 in the 10
months, compared with S271S67 Nom
operating income reached the sum of
$53,044. against S14,535. leaving a gross
corporate income of Sl545 272, while
the same item last year totaled 81 $780,
661 Interest and other charges took
$696,319, against S677,306 in the same
period of 1881. Business conditions and
rate reductions are the chief causes of
the lower figures.
Georgetown Gas Net Lower.
The Georgetown Gas Light Co. today
reported total net income in October
of S4,94124, compared with Sl4.90342
in October. 1881, a drop of S9,962.18.
Operating expenses for the month
totaled $685. 952. against 1886. in the
like period year ego. While expenses
were higher, operating revenues were
lower, amounting to S103,769, in COM
parison with operating revenues in
October, last year, of S104.801.
Taxes in October. this year. called for
1924. against S3295 a year ago. Un-
collectible bills were larger leaving an
operating income. of S7076, against
s17,853. Incorporating income increased
from 81 ,608 a year ago to S2.393. leav-
ing a total gross corporate income in
October of S9.469, compared with
$l9,461 in the like month year ago.
The gas company also reported earn
lngs for the first 10 months of the pres
ent year Net corporate income before
dividends totaled s95,155. again s1o8,-
995 in the first 10 months of 1881,
decrease of $13,840.
Gas operating revenues for the 10
months amounted to 1,001,417 against
$975, 1873. Operating expenses called for
$844,573 compared with S803,321 last
year. leaving net operating revenues of
$l56,839, against $171,8l7 in the like
period of 1881 Taxes required S27,584
in the 10 months compared with $685.
218.
Incorporating income reached the
sum of $16,277, against S15,942, leav-
ing gross corporate income of Sl40,-
totaled S155,002. Interest and other
charges took S45,549, against S46,o06
In the same period of 1881.
c. e. p. Revenues Are Lower.
The Chesapeake & Potomac Tele-
phone Co. reported a total net income,
before dividends, in October of $685.
470, compared with S227665 in October,
1881. Total operating revenues were
$7T2,459 against S807 033 in October,
1881, while operating expenses totaled
S549,820 in comparison with $520,348
in the same month last year, leaving
net operating revenues of 1922, ,639,
compared with S286.735 a year ago.
Total operating income for october
was S154,8l2 as compared with S218,215
for October, 1881. This was a decrease
of 500, ,4O3
Net telephone operating revenues for
the first 10 months of the year were
decreased S243,145 from the same period
in 1881.
Total operating income for the 10
months ending october 81 was 1924 ATT
less than for the same period last year
For the first 10 months of 1882 this
operating income was ST ,637,010.
Total plant In service at the end of
october amounted to 33,262 ,453, as
compared with 1868 1923 for the same
date last year, an increase Of s., ,298, ,630
There was gain of 557 phones con-
nected during the month.
Lower net earnings OF the company
together with the larger amount Of
plant in service reduced the annual
rate of net telephone earnings in rela-
tion to the average plant in service to
5.86 per cent for the first 10 months
of 1882. For October this figure was
5.35 per cent.
Telephone users during the month
made 19,357000 telephone calls from
178,506 telephones III service.
Todays Trading on Exchange.
Capital Traction sold at AZ for a
single 10-share lot on the Washington
Stock Exchange today, Bonds were in
the best demand. Potomac Electric
Consolidated IS moved at 1924 and
washington Railway & Electric IS sold
at 677s and 87a,. Potomac Electric
Power 51a per cent perferred stock sold
at 107is ex-dividend and two shares
OF Washington Railway g. Electric pre-
ferred came out at S734
At their regular monthly meeting
last Saturday night the board of direc-
tors Of the Bank Of Bowie declared the
usual Semi-annual dividend of 3 per
cent. payable on January /, 1888, to
stockholders of record December "a,
1882 Directors present we're Edward
E. Perkins president: Thomas P. Lit
tlepage. vice president; William Luers.
cashier; Bernard A. Maenner and Dam
lei B. Lloyd
According to the Federal Reserve
Bank of Richmond, wholesale trade in
the fifth district in October Wss not
as heavy as in October, 1891 except in
the demand for shoes. Hardware is re-