Evening star., 1935-01-29
WASHINGTON GAS
EARNINGS MOUNT
$1,011,447 Total for Year
Compared to $883,352
Recorded in 1888.
BY EDWARD C. STONE.

Sl,Ul1 ,447, as compared with 1888, ,352
In the previous year, substantial gain
of s128o95, according to the yearly
statement just filed with the Public
Utilities Commission.
For the IL months operating reve-
nues showed an increase of S4lO.2
in reaching a total of $6,17O,9l8. Op-
Grating expenses. including taxes and
uncollectible bills increased S375. .28l
to a total of S4,39l ,301, leaving net
operating revenues for the year of
$l,779,6l7, an increase of $34,959 over
the year 1893.
Incorporating revenues increased
from SAT, ,329 to $84,645, producing a
gross corporate income of $1,864 262,
as against $1,791,9 ,987, an increase of
$72,275, over 1888. Interest deduc-
tions totaled $852,815, compared with
$908,635 in the previous year, a de-
crease of S55, 5,820. The S41O,24O. in
crease in operating earnings makes an
excellent years showing, while the in
crease in operating costs, including
higher fuel prices, was kept we'll below
that figure.
The December report was also filed
with the commission, net operating
revenues totaling $167,048, compared
with $184, ,728 in December, 1888, a de-
crease of $16,680.
Operating revenues for December.
1898, 1873, compare with S556,252 for
December a year ago, an increase Of
S36,936 Operating expenses, includ-
ing taxes and uncollectible bills. in
creased $54.616, the 1884 figure being
1926 l40, as against S371 ,524 in De-
cember, 1888.
Incorporating revenue for December
Increased S704, the figure being 81 1896
compared with 1892 a year ago.
Gross corporate income was S171 ,744
Tor December, as compared with
.Sl88,720 for December, 1893, a de-
crease of $16,976.
Interest deductions of S7327O for
December were S2954 more than in
December, 1888, resulting in a net in
come of S98,474, compared with
$118,404 for December, 1888, a de-
crease of $19,93O.
December Net Picks Up.
The monthly report of the George
town Gas Light Co., filed with the
Public Utilities Commission, shows a
net income of SO ,688, as compared with
81 ,1O6 for December, 1888, an increase
OF So ,582.
Operating revenues in December,
1894, were Sl4l, ,407, as against $134,-
359 year ago. an increase of $7,O48
Operating expenses, including taxes
and uncollectible bills, increased S4,-
BIT, the figure being s134,665, against
$129,848 for December, 1898.
Incorporating revenue decreased
$278 over 1888, resulting in a gross
corporate income of S8,123, compared
with S6,170 for December, 1893, an in
crease of 81 1858. Interest deductions
decreased S629, the 1884 figure being
$4,435, against S5,064 for December,
1893.
Figures for the year ending Decem-
Der 81 indicate an increase of $780,
948 in operating revenues, reaching a
total of S1,361 ,912. Operating ex-
penSeS, however totaling S1,321,616 in
1884, against S1,208,360 in 1888, offset
the improved revenue showing with an
increase of S113,2 ,256, resulting in
Sl2,308 decrease in net operating reve-
nue..
Incorporating revenue for the year
decreased S11 1921 to total of S8,295,
resulting in gross corporate income
OF S48,59l for 1884, as against $72, ,720
in 1888. Interest deductions totaled
$58,003, an increase of S184, resulting
in a net loss in 1884 of S9,412, COM
pared with a net income of Sl4,901 in
1888.
Bankers Activities Outlined.
At the Midwinter meeting of the
District Bankers Association in the
American Security Building yesterday
afternoon, President F. P. H. Siddons
outlined plans for the rest of the year
and summed up the work already ac-
complished.
Resolutions we're adopted on the
deaths of Maurice Otterback, former
president of the Anacostia Bank, and
Charles E. Howe, for many years
treasurer of the American Security &
Trust Co.
Resolutions were also passed ex-
pressing the associations appreciation
to H. H. Mckee, general chairman of
the Convention Committee, and the
Greater National Capital Committee
for their services during the American
Bankers Association convention.
Appropriate insignias were pre-
sented to the past and present chair
men of the Auditors, Fiduciaries and
Safe Deposit Sections of the aSSocia-
ton. Recipients included: Auditors,
j. Damn Faber, Raymond C. Marx,
Ralph Endicott, Arthur j. Linn, Will
liam NJ Harris, Albert E. Yeatman and
r. Earle Haycock; fiduciarieS, F.. P. H
SiddonS, David N. Houston, Barnum
L, Cotton, Kenneth F. Brooks, Leonard
Marbury, T. Stanley Holland, Sidney
F. Taliaferro; safe deposit, Frederick
H. Cox, Joseph D. Yerkes, Hans w.
ireland, Earle M. Amick and Richard
E. Harris
The late Charles E. Howe served as
chairman of the safe deposit section
during the years 1928-1929 and 1929
1880
Heard In Financial District.
Frank w. Lee, vice president of the
City Bank, has returned to his desk
from a months sojourn in Miami,
Fla. John B. Cochran, chairman Of
the board of the same bank, now is
visiting Miami and will be away for
O month or six weeks.
Frederick P. H. Siddons, secretary
Of the American Security & Trust Co.,
and head of the local bankers asso-
citation, has been elected member of
the Association of Reserve City
Bankers.
The washington Office of ]. G.
Bache g. Co., Frank j. F. Thiel,
l. - la
on the chances of recovery from pres
ent market levels. The New York
Stock Exchange firm takes the view
that there are more favorable than
unfavorable factors and looks for
early improvement on progressive
scale.
Five 10-share sales of Mergenthaler
Linotype took place today on the
Washington Stock Exchange at 80.
Capital Transit again moved at 26.