Evening star., 1934-02-05
Georgetown Net Off.

Georgetown Net Off.
The monthly report Of the George
town Gaslight Co., fled today, shows
operating revenues in December
amounting to Sl34,359, against $l32,-
49l in December, 1882, an increase
of S1868
Operating expenses, including taxes
ana uncollectIbie bills. also showed
an increase, and amounted to Si29,-
S49 in comparison with sl26,947 III
December, 1882, leaving net operating
revenues of S4,511 compared with
S5.544 for the previous year.
Incorporating income increased
from $3.50 to S1,659. producing
gross corporate income in December
of S6170 as against S7,l74 IN the
same month OF 1882 After interest
deductions, the gas company re-
ported a net income for the month Of
S1,106 compared with S2796 in De-
cember, 1882, a decrease Of 81 $50.
Years Expenses Heavy.
The gas company also reported
earnings for the II months period
of 1888 showing operating revenues
x
1882 Operating expenses, taxes and
uncollectible bills amounted to ST.
2O8,36O against S1,116,835, leaving net
operating revenues of S52 604 COM
pared with S136 627 in 1882.
Incorporating income amounted to
S20,1l6, an increase Of Sl,091, re-
sulting in a gross corporate income
of S72,720 in comparison with $780,
652 for 1882.
After deducting interest charges,
the net income totaled Sl490l against
SlO1.643 for the same period in 1882,
q decrease of S86,T42.
d. c. Gold IIoarders Sought.
An implied thrca. of punishment
for gold hoarders here is contained
in an order received by local banks
through the Federal Reserve Eank OF
Richmond.
All banks are advised that instruc-
tions have been issued by the Secre-
tary Of the Treasury directing that the
banks keep a record Of the name and
address of every person hereafter turn
ing in gold or gold certificates with
the amount so delivered and that they
also obtain from each person
written, signed statement g4Ving rea-
sons why the gold or god certificates
have not been turned in before.
The banks are further required to
file these statements with the Treas
ury when they deliver the gold or
certificates turned in to them. The
Treasury will hereafter have a COM
plete file record OF such persons, al
though no information was available
today as to what action. If any, the
Government will take after the bank
reports have been received.
The Richmond Bank instructed the
local banks some time ago to call for
gold and gold certificates, but this is
the first time orders have been given
for the taking of such comprehensive
reports. According to gossip IN the
financial district today, it may be very
difficult for merchants taking in gold
In payment for goods to say Just where
1t came from. At least they may not
consider such reports fair by their
customers. On the other hand, after
the Treasury has the gold, the history
of it may not be held SO vital.
Another Exciting Market.
Wall Street furnished the Capital
brokerage houses with another eXcIt-
ing opening today Saturdays lively
session, the unusually favorable week
end reviews and the general increased
interest in stocks and bonds were all
reflected in the board rooms here
Large blocks of stock at higher prices
featured the start. So rapid was
we 10 %
minutes behind the market and had
q hard time catching up.
The Washington delegation attend
ing the annual banquet of New York
Chapter. American Institute of Bank
ing, Saturday night was greatly
pleased with the trip. The attend
ance at the dinner was as large as IN
the days before the 1929 economic
grief came along. Among the bankers
who attended from here were Wilmer
j. Waller. F. P. H. Siddons, Hllleary
G. Hoskinson, I. j. Roberts, James A.
Soper and Richard A Norris.
Bankers present, both from New
York and elsewhere, expressed a good
deal of encouragement over the i'm
proved outlook Of course, the bright
SpOG III l1le UdllhlllS llUiILUll IetGiilIy
has been the sharp advance in bonds.
That has spread a great deal of SUM-
shine.
Today's Exchange Trading.
On the Washington Stock Exchange
today Potomac Electric Power per
cent preferred sold at 112. and five
shares OF Washington Gas Light stock
moved at ST. Capital Traction again
sold at 23i2. after % shares had
changed hands at 23A.
In the bond division $1,000 Capital
Traction SIS moved at TO- The next
bond sale was ST 900 Washington Gas
IS, 1858, at 8812. while the days final
bond sale was in Washington Railway
& Electric As, $1,000 changing hands
at 84A
A meeting of depositors of the In
dustrial Savings Bank has been called
at the Garnet Patterson Junior High
School for 8 pm. tomorrow to hear
in detail the progress made in the
plan to reopen the institution as the
Industrial Bank.