Evening star., 1934-07-27
WASHINGTON GAS
REVENUES CLIMB
Gain 5000, ,026 In Half Year.
Costs, Including Taxes,
Also lump.
BY EDWARD c. STONE.


the Washington Gas Light Co showed
an increase Of 1903 02s IN reaching a
total of ss.44s.I37- Operating expenses
including taxes and uncollectible bills
increased S206.s77 10 a total Of s2,-
252.54T, leaving a net operating reve-
nie for the first half Of 1884 Of ST.
1872. 500, an increase Of 500, l4e over
the frs. half Of 1888.
Non-3perat ting revenues increased
from tiI. 1875 TO &e3.724. producing a
gross corporate income of $l,256,3i4
a. against sI,i07.567. an increase of
5I4s.747 over the first six months OF
1893
Interest deductions. decreasing from
s4sg 094 In 1888 to s42I .537 this year.
resulted IN a net income for the first
half Of 1884 Of sB34,777 as compared
with S6ia.473. an increase Of S2l6.304
The monthly report Of the COM
pany. nled with the Public Utilities
Commission this morning. shows net
operating revenue for the month of
June Of si20 005. compared with sli5,-
702 for the same month in 1888. an
increase OF 81 203 Operating reve-
nues for June. S443 STA. compare with
s4i5,6 in June a year ago. an In
crease Of S27 .966 Operating expenses
including taxes and uncollectible bills
increased s23.663 this years figure
being S323 500 as against $2e9,so6 in
June, 1888
Net income for the month Of June
was S66,733 compared with $50 ,7G6
In the same month Of 1888. This is
an increase Of s10027, Of which
s6132 represents the increase in
incorporating revenue for the month.
incorporating revenue figures COM
pare Sl6,430 in June this year,
against $l0,298 for June. 1888. In
terest deductions OF $50, ,702 from a
gross corporate income Of $136,435 in
June this year compare with interest
deductions of S69,294 from gross
corporate income of Sl26,00 in June
a year ago, resulting in the net in
comes noted above.
Georgetown Gas Net OF.
The monthly report of the George
town Gas Light Co, also filed with
the Public Utilities Commission this
morning, shows q loss in net income
for the month Of S4,182. as compared
with a net loss of $1,735 in June
a year ago. Interest deductions for
June, 1884, and June. 1888, were
S4,4l4 and $5,027, respectively. OPP
Grating revenues increased $9l28 to
a total of $90,360 in June this year,
but this was offset by an increase
of S10,558 IN operating expenses, this
years June figure being SOC, ,l28, as
against $79,5 in June, 1888,
There was no incorporating reve-
nue. in June this year. as compared
with a figure of $3.50 in June a
year ago. This resulted in gross cor
porate incomes of $232 and $3,292 for
1894 and 1898, respectively. which.
after interest deductions, showed the
net incomes noted above.
Six-month figures this year indi-
cate an increase Of $88, 1887 in oper-
ating revenues to reach a total of
S76s,335. Operating expenses, how
ever, totaling s744,642 this year, as
against S646, 939 last year, Offset the
improved revenue showing with an
increase of S97,703, resulting in
$9.3l6 decrease In net operating reve-
nue..
incorporating revenue for the
first six months of 1884 decreased
$3,255 to a total of 1908, resulting in
a gross corporate income of S3l, ,596
this year. as against $44,l67 in 1888.
Interest deductions, increasing from
$27,575 to $29,641, resulted in net in
comes of 81 ,955 and Sl6,592 for 1884
and 1898, respectively, a decrease of
$14,637 for the first six months of
this year.
Sales and Collections Rise.
The Federal Reserve Bank of Rich
mond's analysis Of retail trade in this
district out today, shows that depart
ment store trade in Washington in
June was 2I3 per cent better than in
june of last year and 1877 per cent
better in the first six months Of this
year. For 81 stores in the whole fifth
district 1t was up 20 per cent in June
and 1919 per cent in the first half
year.
Stocks on hand in Washington
stores at the end of June were 81 per
cent higher than at the end of the
same month In previous year, but were
z per cent lower than at the end of
May of this year.
.S5S times in June and 1902 times in
the first six months of 1884 This
was not quite as large turnover as
Richmond reported but slightly ahead
Of Baltimore's record.
June collections showed improve
inent. being 287 per cent of the bills
due at the beginning of the month
The average for the fifth district was
2s.5 per cent, while Richmond led all
the cities with 306 per cent.
Life Insurance Gains Noted.
Officers Of the Acacia Mutual Life
Insurance Co. reported TO the di-
recto4s yesterday that during the first
six months of 1884 Acacia paid S.
100000 to its policy holders and bene-
ficiar,es in the form Of death pay
nents, cash value and other pay
ment;. After meeting these payments
and the general expenses, the report
shows that of its gross income the
company saved approximately S2,000,-
900 to invest for the additional pro-
lection for policy holders. The IN
vestmentS were divided almost evenly
between United States Government
bonds and first mortgages.
In the period under review, the as
sets of Acacia increased to $4,000 600.
Loan Men Aid Housing Act.
The new housing act was fully dis
cusSed at a luncheon meeting Of the
District of Columbia Building and
Loan League this week, attended by
90 members and several national off,
cials. Carl J. Bergman presided and
Philip Lieber. national president. was
guest of honor.
Other guests included Morton Bod
fch. executive vice president of the
national organization. Horace Russell
general counsel of the Federal Home
Loan Bank: A. D. Theobald. educa =
tional director of the American Saw
ingS Building & Loan Institute. and
H E Hoagland. Ohio State University
economist.
All the speakers pledged support tc