Evening star., 1933-04-02
GAS COMPANY NETS
S115,223 IN MONTH
FOR DROP OF $14,%3
February Report Shows De-
cline From Figures of Same
Period in 1892.
D. c. BANKING SITUATION
UNCHANGED DURING WEEK
Conservators of Closed Institutions
Continue Efforts to Put Them
en- Sound Basis.
BY EDWARD c. STONE.

Operating revenues OF the Washing
ton Gas Light Co. amounted to $685.
$40, against S549,029 in February, 1882
or an increase of S36,411, according tc
the monthly statement filed with the
Public Utilities Commission yesterday
Operating expenses including taxes
and uncollectible bills totaled $358,95s
in comparison with $352,661 in Febru-
ary, 1882 leaving a net operating in
come of $2264 481 against S196,367 last
year.
Incorporating income decreased from
$1,196 to a deficit of S4,367 this year
leaving a gross corporate income in
February of s222.114 compared with
$197,563 in the same month last year
After interest deductions, the company
reported a total net income for the
month, before dividends, of s115.223
compared with S129,986 in February,
1882.
The gas company also reported earn
fngS for the two months of the present
year showing operating revenues of
$1,145,70 against 81, ,l22,740 a year ago.
Operating expenses, taxes and uncol-
lectible bills called for $724392 COM
pared with S704 800 last year. leaving
an operating income of $421 ,3l1 against
$417,920 in 1882.
Incorporating income declined ST 1908,
resulting in gross corporate income
of $412,836, compared with S416,753 for
last year After interest deductions, the
net income totaled $225.234 against
S282, ,682 for the same period last year
or a decrease of S57,448.
Georgetown Gas Net Higher.
Operating revenues of the George
town Gas Light Co. amounted to Sl35,-
429 against $127,942 in February last
year, or an increase of $7,487. accord
ing to the monthly statement filed with
the Public Utilities Commission yes
terday.
Operating expenses including taxes
and uncollectible bills totaled $126,950
in comparison with Sl05,505 in Febru-
ary. 1882 leaving a net operating in
come of $8,479 against S22, ,437 for the
previous year.
incorporating income decreased from
S1,624 to $1,536 this year, leaving a
gross corporate income in February OF
s10,015 compared with $24.061 in the
same month last year. After interest
deductions, the gas company reported
a net income for the month of S5,675
against S19,520 in February, 1882
The gas company also reported earn
ings for the two months of the present
year showing operating revenues of
S260,558 against S247,700 a year ago.
Operating expenses. taxes and uncol-
lectible bills called for s243,6 against
$205, ,280 last year, leaving an operating
income of S16,892 compared with S42,-
420 in 1882
Incorporating income increased $648,
resulting in a gross corporate income
of $50, ,784 in comparison with $45, ,664
for last year. After deducting interest
charges the net income totaled s12. 2.O95
against $36,595 for the same period last
year or decrease of S24,500.
ID. c. Bank Situation Unchanged.
The banking situation in Washington
ended the week without change. The
20 banks, which received Treasury IL
censes to carry on 100 per cent oper-
ations were rushed with business, took
many new accounts and reported heavy
deposits. In some instances officials re-
ported business even better than normal,
explaining that some Of this increase
must have been at the expense Of closed
banks where depositors were forced to
make new banking connections, at least
temporarily Bankers also referred to
the new spirit of confidence" among
their customers.
The l3 banks which did not receive
Government licenses to reopen at the
conclusion of the Nation-wid bank holi-
day, were still without such licenses yes
terday. 1t is understood that no efforts
are being made toward reopening OF the
Park Savings Bank Most of the other
II are hoping to work out Of their pres
ent difficulties and reopen soon.
Conservators and other officials are
bending their energies toward meeting
all the Treasurys rigid requirements.
How soon any of these banks may be
permitted to reopen, could not be
learned at the Treasury Department
yesterday. Treasury officials are swamp
&c with bank requests from every
part of the United States, asking for
licenses to reopen, or pleas more lsnt
on certain regulations. officials are also
being buried with information about in
diyidual banks, all of which has to be
checked over in detail before the flnal
decisions on permitting resumption o1
business can be reached. While Treas
ury officials declined any comment
whatever, it is known the Federal Gov
ernment is actively working to reopen
local banks when possible.
ConSerVatorS in the local banks arr
doing their best to strengthen their po-
sitions.. 1t takes time to raise new capi-
tai, especially in these days In case!
where individual depoSitors are being
asked to subscribe Tor new STOCK, a gOOC
deal of time is required. If new pre-
ferred stock is to be taken by the Re
construction Finance Corporation thi
organization must go over each bank
status in detail.
These are only few of the reason!
why some banks have not reopened
They merely show why so much time i
being absorbed AS nIe conservato
said yesterday, I'VE are saving wood.
In the meantime. it looks like bl
woodpile, Gepositors are getting NOR
and more anxious to have their none
released and the city's business inter
ests are suffering from having so mucl
buying power tied up.
Investment Trust Adds Stocks.
Waggamann, Brawner & Co, Inc
local investment firm, is distributing
circular on Incorporated Investor
which shows that several changes hav
recently been made in the trusts port
folio The company has added $3.50
shares OF common stock of leadin
American companies during the frs
quarter OF the present year.
Such stocks were added to the lis
as Atchison, Topeka & Santa F.
Chesapeake & Ohio Commercial Sol
vents, Delaware & Hudson. owens Hi
.nos Glass, United Aircraft and Unite
Fruit.