Evening star., 1933-05-26

in April of $206,034, compared with
$24Ol95 in the same month last year.
After interest deductions, the gas COM
pany reported total net income Tor the
month, before dividends, of S133.273,
compared with S170,29l in April, 1882,
q decrease of S37,018.
The gas company also reported earn
ings for the four months Of the present
wear, showing operating revenues OF
S2,24o,415, against $2,300,831 a year
ago. Operating expenses, taxes and un-
collectibIe bills amounted to l,423,393,
compared with sl,426,225 last year,
leaving an operating income OF $8l7,-
O22, against S874,606 in 1882.
Non-operating income declined S26,-
495, a deficit of $4,615 being reported
in this account, resulting in gross
corporate income of S812,407, compared
with 1896, ,486 for last year. After in
terest deductions, the net income
totaled $461,871 against S625,14l for
the same period last year, or decrease
of $l63,270.
Poole to Work for Depositors.
Announcement that John Poole, pres
ident and conservator of the Federal
American National Bank & Trust Co.,
will devote all his time to liquidation OF
the old bank and not become an officer
in the proposed new Hamilton National.
was widely commented on today among
the institutions clients. Depositors feel
that they will fare better than If Mr..
Poole were to divide his time between
two positions.
The veteran banker faces big task
Federal-American officials state that the
bank will turn over $5,000,000 IN live
assets to the Hamilton National, Whlch
will make so per cent of deposits avail
able when the new bank gets its charter
and opens for business.
There will then be $500, 900 In slow
assets left to be liquidated by the con-
servator, Mr. Poole. His great aim VIII
be to save just as much as possible for
depositors and stockholders. Such ex-
tensive liquidation will be matter OF
years, perhaps two, possibly five. 1t IS
expected that assets which would bring
very little at present can eventually be
disposed of to good advantage. Some
of the directors hope that the Federal
American can finally pay out In full
Conditions over long period Will oe-
5 termine the accuracy of such posi-
bility.
The Chevy Chase Savings Bank Is
another local institution which hopes
to pay its depositors in full. When the
Riggs National opens the Chevy Chase
bank as a branch, on June Is, John G.
Walker will continue his duties as con-
servator. He is president OF the bank,
but it is understood that he, too, Will
give all his time to the liquidation work
and not become member OF Riggs
official family.
Bond Club Outing Boosted.
Frank P. Morse, chairman of the
Washington Bond Clubs Information
Committee for the annual cutting on
Friday, June 2, predicts record attend
ance. Myles H. Quail, chairman of the
big Board" Committee, will act as
president of the al fresco stock ex-
change session and has appointed James
P. Nolan, T. Baker Robinson, Carroll
Morgan, c. Fentcn Cramer and Aubrey
@. Lanston his star customer men to
handle orders for particularly important
quests from the financial sections of
Washington, Baltimore, Philadelphia and
New York.
Although the open-air stock ex-
change session is probably the most
popular feature of Washington Bond
Club annual outings, this speciality will
have strong opposition next Friday from
the following competing committees:
Golf, L. Clark Brown, chairman; Ping
Pong, Carroll Morgan, chairman;
Horseshoe Pitching, Munford Ellis,
chairman; Putting, James Weir, chair
man; Refreshments, C. C. Allies, chair
man, and Dinner, Carl r. KurtZ, chair
man.
Although relaxation, sports and whole
some fun are the more heavily adver-
tised features of next Fridays outing
the Bond Club will interrupt the day
and evening program at the Manor
Country Club long enough to elect Off
GERS for next year. The Nominating
Committee, of which James M. John
ston is chairman, has proposed the
following ticket: President, Frank P.
Morse; vice president, James P. Nolan
secretary-treasurer, James H. Lemon
governors, Carl r. KurtZ and T. C.
Montgomery.
Georgetown Gas Net Slumps.
Operating revenues of the George
town Gaslght Co. amounted to $780,
758 against $115,077 in April last year,
or an increase of $5,681, according to
the monthly statement filed with the
Public Utilities Commission today.
Operating expenses. including taxes and
uncollectable bills, totaled S113,190 in
comparison with S96,02o in April, 1882,
leaving net operating income of S7568
against $l9057 for the previous year.
incorporating income increased from
$l,493 to $1,538 this year, leaving
gross corporate income in April OF
$9,1O6 compared with S20.550 in the
same month last year. After interest
deductions, the Gas Company reported
a net income for the month Of S4,698
against $16,010 in April, 1882, de-
crease of Sl1,312.
The Gas Company also reported
earnings for the four months of the
present year showing operating reve-
nues of S505,248 against S497,043 a
year ago Operating expenses. taxes
and uncollectable bills amounted to
S475,279 against S4l6,4l5 last year, leav-
ing an operating income of S29,969
compared with S81 ,428 in 1882.
Non-operating income amounted to
s6.974. an increase of S657, resulting in
a gross corporate income OF S3o,S43 IN
comparison with S87,745 for last year.
After deducting interest charges, the
net income totaled Sl9,44O against
$50 594 for the same period last year,
or a decrease OF $50,l54.
Today's d. C. Exchange Trading.
Washington Railway g. Electric As
were in unusual demand on the Wash
ington Stock Exchange today. Ihey
opened with $4,000 selling at "a, fol-
lowed by 81, 900 at 84A, and by $4,000,
$4,000. $4,000 and $500 moving at "a y.
After CALL $1,000 Anacostia & Poto-
mac Railroad guaranteed SIS came out
on the board at 90. Trading then
turned to stocks, 10 shares of Potomac
Electric Power per cent preferred SELL
ing ex-dividend at 109, and another
small lot at l09A.
THE davis trading closed with two
sales In washington Railway q Electric
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