Evening star., 1936-06-25
WASHINGTON GAS
EARNINGS LOWER
May Net Totals $124,014,
Compared to S150,323
in 1885 Month.
BY EDWARD C. STONE.

pared with $15O,323 for May of last
year, a decrease of S26,309.
Operating revenue for May, 1886,
S524,928, compares with $535.462 for
May year ago, a decrease of Sl0,534.
Operating expenses, including taxes
and uncollectible bills, increased SIS
IT'S. this years figure being S400,914,
against S385,139 in May, 1885.
incorporating revenues for May
this year increased $5.988 over last
years figure of ,726 to S17,714.
resulting in a gross corporate income
of sl4l,728, which compares with
s162,O49 for May, 1885. or a decrease
of s2O,32l.
Interest deductions of S76086 for
May, 1886, were S3996 more than
last years figure of S72,090, resulting
in a MT income of SOS ,642 this year,
compared with S89,959 last year.
In the first five months of the pres
ent year operating revenues showed
gain of S236,449 At the same time
operating expenses increased by
S28O,9Ol. This was felt in the net
income. which, after all deductions
amounted to s622,735, against $685.
6l5 a year ago. or a decrease so far
this year of S53,880.
Georgetown May Net Lower.
The monthly report of the George
town Gas Light Co., also filed with
the Public Utilities Commission today,
shows a net loss of S6,l55 for the
month of May, 1886, as compared
with an income of $3,425 for May of
last year.
Operating revenues in May this
year were S95,326, as against $780,
865 for May. 1885, decrease of Sl0,-
539. Operating expenses, including
taxes and uncollectable bills, decreased
Sl.630, this years figure being $685.
$50. against SeS,010 for May, 1885.
Incorporating income being ap-
proximately the same as last year, the
loss before interest deductions was
S1.O54, compared with an income of
s7,s56 for May. 1885. Interest de-
ductions increased S670, this years
figure being S5,l01. against s4,431 for
May, 1885.
The GEORGETOWN Gas Co. in the
first five months of 1886 kept the in
crease in operating expenses below the
gain in operating revenues, in that
way keeping net revenues ahead of
last year. Net income stood at $780,
286. against S24,865 a year ago, an
increase of s5,42l.
Collections Lag in District.
Bills in Washington department
stores we're paid somewhat slower in
May than in some of the other cities
in the fifth reserve district, the Bank
of Richmond stated today. The per-
centage of receivables on May l which
we're collected during the month was
266, against 1913 per cent in Rich
mond. 30 per cent in Baltimore and
28.3 per cent for the whole district.
As previously stated, retail trade in
Washington was 1872 per cent better
than in May. 1885, and up 1872 per
cent in the first five months of this
year over the like period a year ago
Stocks of goods on hand in the stores
here were 81 per cent higher than at
the same time last year, but about 4
per cent lower than in the previous
month this year.
Stocks of goods in Washington
stores were turned 1919 times in the
first five months of this year, a better
record than was hung up in Balti-
more or in Richmond. The average
for the whole district was 1861 times,
the Richmond Reserve Bank reports.
Underwriters Award Honors.
The District Underwriters Associa-
ton held the last meeting of the fiscal
year at the Willard Hotel last night
when the retiring president, j. E.
McCombs, turned over the gavel to
the new chief, Laurance H. Riggles.
o. Sam Cummings, secretary of the
national association, was the guest
speaker and there was musical pro-
gram arranged by Charles I. Hay
craft.
Prizes consisting of sterling silver
vases for life insurance week activi-
ties were awarded to Roy B. Lam
ham, Equitable OF New York; Ralph
Cipriano, New York Life; Armand Du-
rant, Connecticut General Life; Da-
vid NJ Crouch, Acacia Mutual, and
the Northwest Mutual Agency, A. L.
Baldwin, general agent.
Framed certificates were presented
to II 100 per cent membership agency
organizations: Berkshire Life, Con-
necticut General, Connecticut Mutual,
Guardian Life, Minnesota Mutual, Mu-
tual Benefit of Newark, National Life
of Vermont, New England Mutual,
Pacific Mutual, Phoenix Mutual and
State Mutual by Winthrop G. Batch
elder, chairman of the Membership
Committee, who also announced an sc
per cent increase in membership dur
ing the year by 1856 new members.
Charles W. ODonnell. the treasurer,
reported substantial increase in the
assets of the association. 1t has been
anticipated that the total amount of
insurance written in Washington dur
ing Insurance week would be an
nounced, but the figures were not
reported, the association adjourning to
buffet supper.
Lincoln Corp. Votes Dividends.
At meeting of the Board of Direc-
tors of the Lincoln Service Corp, held
yesterday, the regular quarterly divi-
dend of 134 per cent on the preferred
stock of the corporation was declared
payable August l, to stockholders of
record June 80. The directors also
declared a dividend distribution of 25
cents per share on the common stock
to stockholders of record June 80, pay
able August l, Charles Delmar presi-
dent, announced today.
Mergenthaler Linotype was strong
on the Washington Stock Exchange
again today, climbing to 46 on a Is
share turnover.
Thirty shares of American Security
& Trust Co. stock moved at 258
Washington Railway g. Electric pre-
ferred sold at 11012 on transfers
totaling 70 shares. A single share
of Lanston Monotype commanded
SO and Potomac Electric Power