Evening star., 1933-03-02
WASHINGTON GAS
INCOME DECLINES
Decrease of $24,632 Shown
q in January Statement
r. to Commission.
BY EDWARD c. STONE.


Washington Gas Light Co. for January
amounted to $234,587, against s259,219
in January, 1882, or a decrease OF
s24,632, according to the monthly state
ment filed with the Public Utilities
Commission today.
Operating revenues were 13,448
lower. amounting to S560,263 this year
in comparison with S573,711 in January
last year Operating expenses for the
month totaled S325 ,676, against 1914, ,492
in the same month year ago, or an
increase of $11 ,184.
Taxes in January this year amounted
to S35, 5,294, against S35,4 ,481 year ago.
The provision for uncollectible bills was
larger, leaving an operating income OF
$l94,831, against 1921 ,553. Non-operat-
ing income decreased from 1880 to a
deficit of S3,O32 this year, leaving gross
corporate income in January of Sl99, 1893,
compared with S223,233 in the like
month year ago.
After interest and other charges the
gas company reported total net
corporate income for the month. before
dividends, of S110012 L comparison
with S152,696 in Janu- !, 1882. The
decline in net corporal income this
year is attributable to rate reductions
made effective during 1882.
Georgetown Company.
Total net operating revenues of the
Georgetown Gas Light Co. for January
amounted to S11,65O, against S24,066
, in January, 1882, revealing a falling
. off Of S12,416, according to the monthly
statement filed with the Public Utilities
Commission today
Operating revenues showed an in
crease, amounting to SIPS, ,129, In COM
parison with S119,758 for January last
year Operating expenses for the
month totaled Sll3,479, against $95,6s2
in the same month year ago.
Taxes in January of this year called
for S2,260, against S3,5e3 a year ago
The provision for uncollectlnie Dills
was larger, leaving an operating in
come of S8,412, against S19983. Nom
operating income increased from Sl,655
a year ago to S2.425, leaving gross
corporate income for January OF SlO,-
1893, compared with S21 ,638 for the same
month year ago.
After interest and other charges, the
gas company reported total net cor
porate income for the month, before
dividends of S6,419, in comparison with
S17,075, in January, 1882. The decline
in net corporate income this year IS
attributable to rate reductions made ef-
fective during 1882.
Department Store Sales.
Sales in 80 department stores in the
fifth reserve district in January MADE
a more favorable comparison with sales
in the corresponding month OF the
preceding year than most other recent
months. Sales were 1871 per cent less
than sales in January 1882, consider
able part of the decline being due TO
price reductions this year.
Stocks on the shelves of the report
ing stores declined an average of 11.4
per cent in January, a seasonal reduc-
ton, and at the end of the month
averaged 165 per cent less than stocks
on hand year earlier. Probably most
of the decline in stocks during the
year is accounted for by price reductions
Collections in January, 1888, averaged
282 per cent of receivables outstand-
ing at the beginning of the month, a
slightly lower percentage than 28.3 per
cent collected in January 1882.
Potomac Power Report Filed.
Operating revenues of the Potomac
Electric Power Co. in January totaled
s1,024, ,7oO.98 against s1,070,641.73, a
decrease of $45,85O75, according to the
monthly report filed today with the
Public Utilities Commission.
Revenue deductions called for S403,-
$3.50 compared with $503, 1872, de-
crease of SIG, 1882, leaving net operat-
ing revenues for the month of s541,-
331 38 in comparison with 1857 7,453.91,
q drop of $26,122.53.
Miscellaneous income amounted to
s14,54312 against $12,329o3, an increase
of S2213.19. Gross corporate income
totaled S55587450 as against $579,-
1894. a difference of $23,909.34.
After all the usual deductions from
gross, the power company reported a
net income in January of S479,733.40
against S502,02494, falling off of
slightly over $4,000.
Street Railway Earnings Lower.
The Washington Railway & Electric
Co. filed its January financial statement
with the Public Utilities Commission to-
day, showing operating revenues of
1885, 5,309.61, against $403 ,443.60; oper-
ating expenses and taxes of 1928, 8,93408,
compared with 1855, 5,006.15, leaving an
operating income in January of $685.
37558, in comparison with S48,437.45.
Incorporating income was practically
the same as last year Gross stood at
S49, ,438.72. against S72.198.87. Deduc-
tions from gross we're S54, ,232.81, against
S54,O2716, leaving a net deficit of $4,-
79409, compared with $18,l71.71.