Evening star., 1934-12-29
WASHINGTON GAS
NET UP S148,025
Company Earns S912,973
! in First Eleven Months
of Present Year.
BY EDWARD c. STONE.

Net income of the Washington Gas
Light Co. in the first IL months of
1884 totaled $912,973, in comparison
with S764948 in the like period of
1898, or a gain so far this year of
statement filed today with the Public
Utilities Commission.
Operating revenues made substan-
tial gains in the IL months, being
S5,577,730, against S5,204 .426 last year,
an increase of S373 BOA Operating ex-
penseS, including taxes and uncol-
lectable bills, required So ,965,161. as
compared with So 3,644 ,496, advancing
operating costs by S320,665.
Net operating revenues, after the
deduction of operating expenses,
son with Sl,559,9 in corresponding
IL months of last year, a gain of
$50, ,639. Incorporating revenues
showed an increase of S36,6l2, making
the gross corporate income item stand
at S1,692,518, against S1,603,267, up
S89251. Interest and amortization
totaled S779,545, against S838,3l9 a
year ago.
The November report also filed to-
Cay shows net operating revenue for
the month Of 1853, compared with
s168,812 for November last year, an
increase of 50 ,951.
Operating revenues for November,
$560,834, compared with S537,230 for
November year ago. an increase of
$23, ,604. Operating expenses, includ-
1o+o I11n in
creased S2O.6 .653, this years figure being
S389,07l against $368,4lS in Novem-
ber, 1888.
Nom operating revenue for Novem-
Der this year, showing decrease OF
Sl4248, last years figure being S6,490,
sS compared with loss this year of
S7,758, resulted in a gross corporate
income of S164005 for November,
1884, as compared with Sl75,302 for
November, 1888. a decrease of Sll, ,297.
Interest deductions of S73,024 for
November, 1884, were S2,827 more
than last years figure of S70,l97, re-
sulting in a net income of S90,98l,
compared with sos, los for Novem-
Der, 1888, a decrease of $l4,124.
n. & w. Steamboat Dividend.
Directors of the Norfolk & Wash
ington Steamboat Co. have just de-
clared a semi-annual dividend of
per cent on the outstanding stock,
payable to shareholders on January
Is. This action places the stock back
on a per cent annual basis and is
most important move.
At the same meeting a continuation
of the 2l2 per cent pay restoration,
which was made effective July l, 1884,
and an additional 2l2 per cent, effec-
tive January l, 1885, was unanimously
authorized.
The company reduced passenger
fares 37l2 per cent in December, 1888.
which reduction together with the free
transportation of automobiles accom-
panied by passengers, has been largely
responsible for an increase of nearly
100 per cent in the volume of pas
senger traffic for the first II months
of 1884, as compared with the same
period in 1888.
While a substantial improvement is
noted in the company's net corporate
income, the Improvement shown Is
limited somewhat by increased operat-
ing costs and extensive repairs made
during the current year.
Directors of the company are en-
thusiastic over the steamboat ines
financial condition. The company
owns three fine passenger boats, its
docking facilities here and in Norfolk,
has no important outstanding debt
and has only s5O0,00o capital Clar-
ence F. Norment, jr., is president of
the COMPANY.