Evening star., 1935-10-24
WASHINGTON GAS
REVENUES LARGER
September Net Hits $751;
019, Compared With $751;
678 in 1884 Month.
BY EDWARD C. STONE

The monthly report OF the wash
ington Gas Light Co. filed with the
Public Utilities Commission today
shows net operating revenue for Sep
tember of 81,019, compared with
s73.67S for September of last year, an
increase of S7,341.
Operating revenue for September,
S425,159. compares with $397,2 for
September year ago, an increase of
S27.9l4. Operating expenses, includ-
ing taxes and uncollectible bills, in
creased S20,573 this years figure be-
ing S344,14O. against $323,567 in Sep
tember, 1884.
Incorporating revenues for Septem-
ber this year decreased S3,l65 from
last years figure of S6,l56 to S2,991,
resulting in a gross corporate income
of $84,010 which compares with $79,-
s34 for September, 1884, or an in
crease Of salts.
Interest deductions of s73,847 for
September, 1885, were S2414 more
than last years figure of s7l,433, re-
sulting IN net gain in income of S10.-
1853 this year, compared with S8,401
last year.
For the first nine months of this
year operating revenues totaled S4,-
727,152. an increase of S188819. At
the same time operating expenses, in
cluding taxes and uncollectible bills,
advanced by almost exactly the same
amount, leaving net operating reve-
nues of Sl,334,815. After deduction
for interest and amortization, the
company reported a total net income
of S732,087 against S778,878 last year,
or drop of S46,79l.
Georgetown Gas Net Lower.
The monthly report of the George
town Gas Light Co., filed with the
Public Utilities Commission, shows a
net loss of S3,84e for the month of
September. 1855, as compared with a
loss of s2,926 for September of last
year.
Operating revenues this September
were S86,900. as against S62746 for
September. 1884, an increase of S4,-
154. Operating expenses. including
taxes and uncollectible bills, in
creased S5,286. this years figure be-
ing s86,315, against $Sl ,029 for Sep
tember, 1884.
Incorporating revenue was SIS more
this year than last year, resulting in
gross corporate income of S593
compared with an income of Sl,720
for September, 1884. Interest de-
ductions decreased $207, this years
figure being S4,439, against s4646 for
September. 1884.
The company's report for the first
nine months showed a gain in oper-
ating revenues, but a much larger
increase in operating expenses. Net
income totaled S2472, against a
slump last year of S16935, making
an improvement in earnings SO far
this year Of S19 407.
Pepc0 September Net Down.
Operating revenues of the Potomac
Electric Power Co. in September
totaled $1,055, 1882, an increase OF
$77,5859l over September, 1884, the
monthly report filed with the Public
Utility Commission today revealed
This was gain of 1893 per cent But
revenue deductions called for $751;
206.6l. an increase of S78,90597. 1854
per cent, leaving net income from op-
erations lower by S1,32006 than last
year.
incorporating income of s25938 was
over 81 900 lower than last year. while
gross was also slightly lower. Deduc-
tions from gross for interest and other
charges totaled S98,240.52, against
SS9066.31. an increase of S9,1742l, or
over 10 per cent. This left net in
come for the month of S309. 200 88,
compared with $500 .849.41 last year, a
difference of over $1,000.
For the first nine months of 1885
Potomac Power reported operating
revenues of S9.751 ,223.17, an advance
of s809,773.30. or 9.06 per cent. Rev.
enue deductions in the same period
showed an increase of S727, 1891 so, or
1857 per cent. Net operating income
scored a gain of S82,O8l8O, or 2.27
per cent.
Incorporating income was practi-
cally the same as last year, while gross
was S8l ,65997 higher. Deductions for
interest and other requirements we're
up per cent, calling for S71 ,79119,
leaving net income for the nine
months Of s2,945,419.70, against ST.
e36,550.92, a drop of $986878.
Auditors Study Banking Act.
The auditors section of the District
OF Columbia Bankers Association will
hold its regular semi-monthly business
meeting at the Hamilton Hotel to-
night, preceded by dinner at o'clock.
William B. Mchler, jr., assistant
cashier of the City Bank, will talk on
the Banking Act of 1885," with par
ticular reference to title 3, and will
later lead in discussion of that por-
tion of the act.
1t Is expected the section will send
-FOUR delegates to the national con-
vention at New Orleans next month.
Roger B. Hull general counsel, Ma
tional Association of Life Under
writer's, addressed the first Fall lunch
con meeting of the District associa-
tion this noon at the Willard. Presi-
dent j. E. McCombs, just home from a
vacation in Bermuda, presided. The
guest speaker discussed The Struggle
for Security"
Financial District Notes.
George L. Starkey, president of the
National Bank of Washington. now on
vacation at Hotel Hershey, Hershey,
Pa, will be back at his desk next
week.
Henry H. Flather. member of the
staff of w. B. Hibbs & Co., is taking
a Today vacation, passing much of
the time on his estate in Southern
Maryland. famous Tulip Hill.
Directors Of the Richmoud, Fred
ericksburg g. Potomac r. r. have de-