Evening star., 1933-07-28
GAS EARNINGS OFF
IN N6-MONTH PERIOD
D.. C. Companies Also Report
Lower Nets in June Than
for Year Ago.
BY EDWARD C. STONE.

BY EDWARD c. STONE.
Operating revenues of the Washing
ton Gas Light Co. in June amounted to
S4l5.6 .607, against SAG, ,587 in June, 1892
or a decrease of $50. $50, according to
the monthly statement filed with the
Public Utilities Commission.
Operating expenses, including taxes
and uncollectible bills, totaled S299, ,906,
in comparison with S3l5,441 in June.
1882, leaving net operating revenues OF
$1l5,7Ol, against sl3l.146 last year.
operating income increased from
$5,107 to $10,298 this year, producing
gross corporate income in June OF
$126, 900, compared with $136, ,254 in the
same month last year. After interest
deductions, the gas company reported
total net income for the month, before
dividends, of $56,705 compared with
SGT .526 in June, 1882, decreased OF
$1O,821.
The gas company also reported earn
ings for the six months of the present
wear showing operating revenues of S3,-
142,1ll, against SO 3,270,0 900 year ago
Operating expenses, taxes and uncol-
lectible bills amounted to S2,045,67O,
compared with S2,O91 900 last year,
leaving net operating revenues of ST.
O96, AL, against $1,179,057 in 1882.
Nom operating income declined S22,-
305 resulting in gross corporate IN
come of ST lot, SGT. compared with ST.
212,488 for last year. After interest,"
deductions. the net income totaled
S618473. against $794,493 for the same
period last year, or a decrease OF
$176,020.
Georgetown Gas Earnings Lag.
Operating revenues Of the George
town Gas Light Co. in June amounted
to Ss1,232 against $87,38l in June
last year, or a decrease OF S6,l49 &C,
cording to the monthly statement filed
with the Public Utilities Commission
today
Operating expenses including taxes
and uncollectible bills totaled $79.570
in comparison with $75,021 in June.
1882 leaving net operating revenues
of $1,662 against $l2,360 for the pre-
vious year.
Non-operating income increased from
Sl,440 to 81 $3.50 this wear. producing
a gross corporate income IN June,
1888. of $3,292 compared with $l3.80o
in the same month last year. After
interest deductions, the Gas Company
reported a net loss for the month OF
s1,735 against a net income OF S9'2S4
in June. 1882, decrease OF Sll;ol9.
Inc NTeOISeIOWll SOAllpoAAf
ported earnings for the six months OF
the present year showing operating
revenues of $3.50 948 against s686, 723
a wear ago. Operating expenses, taxes
and uncollectible bills amounted TO
s646 .eS9 against S577.955 last year.
leaving net operating revenue OF S34,ouS
compared with S108,768 in 1882.
Non-operating income amounted 10
S1O158. an increase of 1856 resulting IN
a gross corporate income OF S44, 4,loi III
comparison with S11797O for last year.
After deducting interest charges, tne
net income totaled s16,592 against
$50. .78O for the same period last year.
or a decrease Of $74,l8o.
Financier's Death Causes Regret.
Much regret is expressed In tne
financial district over the oeatn OF
Albert F. Fox, president OF the National
Union Fire Insurance Co., at Ine au-
vsnced age of 81 years. He was
director in the Washington Loan q
Trust Co., the Oldest director on the
hoard, and also served in like capacity
with the Columbia National Bank
In his Younger days he was presl-
don't of the Columbia National, serving
the hank faithfully and efficiently. Tor
quarter of a century. That IS long
time to be at the head OF any lnstl,
tuition. He was also active IN the real
estate business here for 80 years, nhaly
turning his real estate interests over
to his son. .,o
Mr.. Fox had been at the head OF the
FIRE insurance company for 81 years,
heinp given his annual reelection only
a few days ago. Such span OF ne
gave him time to do remarKapie
amount of work He grasped many
opportunities that many other men
overlook. In the financial district ne
will be long remembered.
Paid s24,000,000 in Insurance.
District of Columbia life insurance
nolicy holders and benefclarles were
paid s24 .OOo. 900 in 1882, according to
the National Underwater, weekly IN
surance newspaper. This was an IN
crease of $6,300,000, or 35 per cent
more than the 1881 total OF sl7,7Oo;-
COO washington ranked thlrty-1ourth
in payments among the States. while
il is forty-first in population. the per
CAPITA being $40 40, the second largest,
New York State being first.
The largest individual life insurance
death payment in the District OF Co
lumbia in 1882 was S54,500 on the lie
of Anton T. Auth of washington. Other
large payments were Herbert A. Pointer,
washington. s5O,579, and Walter w.
Warwick, Washington, $4,000.
Heard in Financial District.
Charles E. Howe, former treasurer OF
the American Security g. Trust Co..
was in the financial district today after
an extended visit at his old home in
Mifiintown, Pa, where he went for the
benefit of his health. He is greatly
improved.
The Council of Administration of the
District Bankers Association, was to
hold its regular monthly meeting late
this afternoon at Headquarters. 1t was
expected that President George 0. Vass,
now on his annual vacation from the
Riggs National Bank, would attend the
session
F. v. McNair. representative OF the
Lincoln National Life Insurance Co.,
attained fourth place among all the
representatives of the company in total
paid business during the first six months
of 1888 according to report from the
head Office in Fort Wayne, Ind. :,
Brokerage houses here have received
notice that the New York Stock Ex-
change will return to the regular full
time schedule beginning next Monday
morning. The bookkeeping obstacles
have all been brushed aside during the
present week.
The American Tobacco Co. has de-
clared the quarterly dividends of s1.25
each on its common and common B
stocks, payable September to stock OF
record August 10.
Today's Trading on D. c. Exchange.
Some improvement in business was
noted on the Washington Stock Ex-
change today. Washington Gas Light
IS, series B, recorded $1,000 sale at
103A. Washington Railway & Electric