Evening star., 1935-04-29
washington GAS
EARNINGS DOWN
March Net of $173,722
Compares With $235,019
for 1884 Month.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
The monthly report of the Wash
ington Gas Light Co., filed with the
Public Utilities Commission this
morning, shows net operating revenues
for March of $173,722, compared with
$235,0l9 for March 1894, a decrease
Of SCI ,297.
Operating revenues for March,
1892 ,932. compare with $636,526 for
March a year ago, a decrease of
s53,594. Operating expenses. includ-
ing taxes and uncollectible bills, in
creased s7,703, the 1885 figure being
S409,2l0, as against S401 ,507 in March,
1894
Incorporating revenue for March
increased s2.9O8. the figure being
$10.397. compared with $7,489 year
ago. Gross corporate income was
$184,119 for March. compared with
s242.508 for March, 1884, decrease
of s5s,3s9.
Interest deductions of s72452 for
March were $1.752 more than in
March, 1884, resulting in net income
OF Sill, ,667 compared with $171 1908
for March, 1884, decrease of $60,141.
For the three months ending
March 81, 1884, operating revenues
Showed an increase of S35,744 in
reaching a total of $l,947,138. Oper-
ating expenses. including taxes and
uncollectible bills increased $72,234
to a total of $l,276,4l8, leaving net
operating revenue for the first quarter
of 1885 Of $67O,720. a decrease of
$36.490 from the first quarter of 1884.
Incorporating revenues decreased
from s9,80l to s5,547, producing a
gross corporate income of $676.267,
as against $7l7.011, a decrease of
&40.744 from 1884. Interest deduc-
tions, increasing from s21l,546 in
1884 to S2l7.66l in 1885. resulted in
q net income for the first quarter of
1885 of s458, SOC. as compared with
$505,465, a decrease of $46859.
GEORGETOWN Net Higher.
The report of the Georgetown Gas
Utilities Commission this morning.
pared with s2,282 for March 1884,
an increase of sl.385.
Operating revenues in Marcn. 1885,
were $l28,110. as against s146,949 a
year ago. a decrease of $18.839. OPP
Grating expenses. including taxes and
uncollectible bills. decreased S22, ,049,
the figure being $l19,l39, against $14l,-
1913 for March. 1884.
Incorporating revenue increased
$3,210 over 1884, resulting in a gross
corporate income of $11, ,972. compared
with $7,488 for March, 1884, an in
crease of S4,484. Interest deductions
increased 5000. the 1885 figure being
S8.305. against $5,206 for March,
1884.
Figures for the three months end
ing March 81 indicate a decrease of
$12.179 in operating revenues. a total
Of $442,357. Operating expenses, how
ever, totaling S414,594 in 1885 against
S435,391 in 1894, Offset the decrease
in revenue with decrease Of $40, 1877.
resulting in s8,618 increase in net
operating revenue.
Incorporating revenue for the first
quarter decreased S2.174 to total of
$3,003. resulting in a gross corporate
income of s30.766 for 1885 against
$24,322 In 1884. Interest deductions
totaled Sl7174, an increase of $3.50,
resulting in net income for the
quarter of s13,592, compared with
$8,71s in 1884.
Daylight Saving Adopted.
All the New York Stock Exchange
Offices in this city started off today
on the Summer daylight saving sched-
tle. with the trans-lux quotations
getting under way at 9 o'clock. The
big markets will close at 2 o'clock
until next Fall The change was
made without a hitch, only a few
brokers missing the opening.
Sales of Safeway Stores System.
which is affiliated with the Sanitary
Grocery Co., for the four weeks ended
April 20 showed a gain of 200 per
cent over the same period year ago.
For the first quarter sales were up
1873 per cent.
The Atlantic Coast Line reports a
gross income for the first quarter of
&11,634,234, against s12.609,352 in
1884, and net income of sl398,209.
compared with $2,619.780 year ago.
The Richmond Reserve Bank re-
ports that improved weather condi-
tions have given retail trade a SUBJ
stantial boost during the past week. |
An influx of tourists for garden week |
In Virginia and North Carolina proved |
a great help to the hotels. Price re-
ductions since Easter have reduced |
dollar volume in some parts of the |
district
Percentage figures shows that Cap
ltal Transit operating revenues were
up So per cent in March. while oper-
higher. Net was off 2.7 per cent al
though revenue passenger traffic in
creased 1873 per cent to a total H.
4s3 1898 paying patrons carried during |
the month.
Today's Trading on Exchange.
Washington Railway Electric pre-
ferred stock opened trading on the
Washington Exchange today, with two |
10-share lots selling at los. National
Capital Bank stock appeared on the
board. two shares moving at "a. It
being the first transfer in this issue
in long time.
Both type stocks were out, Lanston
Montoype selling at 81, a new high
mark for the present year. Mergen-
thaler Linotype figured in tiny sale
at 2812. A single share of Riggs Ma
tional Bank common stock came out
at ZIG, unchanged from the last trans
action.
= In the bond division. $500 WASH
ington Gas Light IS, Series B, moved
at 1882 while the days largest sale
was in Capital Traction SIS. a $4,000
transfer taking place at 97A. Bid
and asked prices on other issues were
practically the same as last week.
The Federal Reserve Boards gen.
eral index of industrial production,
adjusted for seasonal variations. for
March stood at 88. against 80 in Feb
ruary and "a in March, 1884.
The establishment of Federal Re-
serve Bank for Agriculture would be
the practical result of bill which has
heen apnroved bv the Ho,Ise ApricuI-