Evening star., 1937-07-31
WASHINGTON GAS
EARNINGS LOWER
expenses Cut Down June
and HaIf-Year Reve-
nue. Gains.
BY EDWARD c. STONE.

venues OF $3.50, III lOr the month o.
une, an increase of S2.11O over the
ame month last year. Operating ex,
',enses. including taxes and uncol-
i2ctible bills, decreased S3.08l, from
407 .657 in June, 1886, to S404. .566 fol
ne same month this year, leaving g
7et operating revenue of S8o,545
which exceeded the June, 1886, figure
~ S5,l91.
Incorporating revenues for June this
ear were s13,l24, compared with SAL
55 for June last year. The apparent
ecrease of S28,63l is due largely to
ne inclusion of certain non-routine
ems in June of this year. After ali
'eductions, the net income is S12,670
'"hich is $4,000 less than that for
June 1886. Net income for the first
tx months of the current year is
"63s,37S, against 1854, 693 a year ago,
n decrease of s46J15.
The company reports gas sales of
1921 M cubic feet in June 1897,
compared with 63l 904 M cubic feet
n June last year. At the end of the
month there were 143 .667 meters in
ervice, 6.615 more than on the same
Late last year
Trade Value Up During June.
Value Of wholesale trade increased
noticeably in June, 1887, from June,
1895. and collections on accounts re-
Heivable were made at a higher rate
over this period, according to the
monthly Joint study of the National
Association of Credit Men and the
Department of Commerce.
Total net sales of l.l05 reporting
wholesalers increased l46 per cent in
June, 1887, from June, 1896. a con-
jinuation of change recorded for
overy month since the beginning of
The study in January, 1885.
Average daily sales of chain drug
stores in June, 1887. were % per cent
higher than in June. 1886. according
% the Bureau of Foreign and Domes-
tic Commerce.
The greatest gain was shown by
tobacco sales, which were 81 per cent
higher, followed by fountain sales with
40 per cent increase from last June,
while all other" sales decreased O.3
per cent
Both tobacco sales and fountain
sales increased in relative Importance
over June of last year. These two
classifications accounted for All per
cent of total sales this June, as against
459 per cent in June, 1886.
Loan Convention Delegation.
Robert E. Buckley of the National
Permanent Building Association and
president of the District of Columbia
Building and Loan League will head
a delegation of building and loan off,
cials to the annual convention of the
United States Building and Loan
League, to be held in Los Angeles
October 6, and 8. E. c. Baltz, sec
retary of the Perpetual Building AS
sociation, Is vice president of the ma
tional organization and will be ele-
waited to the presidency at the coming
conclave. Other Washingtonians who
expect to attend the convention in
clude:
Carl ]. Bergman, treasurer of the
Washington Permanent Building AS
sociation, past president of the Dis
trict Of Columbia Building and Loan
League. Arthur G. Bishop, chairman
OF the board, Perpetual Building As
sociation; Samuel Scrivener. director
Of the same organization; George En-
erich of the Northern Liberty Build
ting Association and c. Clinton James
Of the Columbia Permanent Building
Association, attorney and chairman of
the Legislative Committee of the
United States league.
Rail Earnings Ahead of 1886.
Glass I railroads in the Southern
district, for the first six months of
1887. had net railway operating in
come of s42,067,l75, compared with
s32 2,366,970 in 1896. and for the same
period in 1880, S42 2,941,024
Gross operating revenues for the
hrst six months of 1887 amounted to
1858 8,280,4ll, an increase of ll8 per
cent, compared with the same period
in 1886, but a decrease Of 2l6 per
cent under the same period in 1880.
Operating expenses totaled $l98,-
o09,700, an increase of 84 per cent
above the same period in 1886, but a
decrease of 269 per cent under 1890.
Class I railroads in the Southern
district for June had net railway
operating income Of s599I,725, COM
pared with s4,683 952 in June, 1886
and s4045,590 in June, 1880.
Virginia Accounts Insured.
The Federal Savings & Loan Insur-
ance Corp. has insured the savings
of 9,237 persons in "a savings. building
and loan associations in Virginia, up
TO $4,000 on each account, it was an
nounced here today. Assets of these
institutions total sll ,642634.
Twenty of the insured institutions
In Virginia are Federal savings and
loan associations, operating under
charter and supervision of the Ma
tional Government, and required by
law to provide this insurance for the
accounts of their investors and savers.
The others are State-chartered insti-
tutions which have met the require
ments Of the corporation.
The insured associations are located 4
IN Alexandra, Bedford, Bristol Clar-
endon, Clifton Forge, Covington.
Hopewell, Lynchburg, Manassas, Nor
folk, Petersburg, Roanoke, Richmond,
Alta Vista. Salem. SandstOn South
Boston, Virginia Beach and East Falls
Church.
Heard in Financial District
Subscription books have been closed
on the Commodity Credit Corp S $50
100000 offering Of per cent series B
collateral trust notes, dated August 2
and maturing May 2, 1888, Jeese H
Jones, chairman of the corporation
announced yesterday. The notes were
allotted to subscribers in the order
p, that subscriptions were received
J. Kennedy Irelan of the Washing
ton Loan & Trust Co, and chairman
Of the Archives Committee Of Wash
ington Chapter, A. I. B., is leaving
here today for his vacation. Mr.
1relan is immediate past associate
chief counsel of the chapter and plan.
to divide his time between Virginia
Beach and motor trIp to NORTH