Evening star., 1938-12-31
Washington Gas Net
Scores $95,657 Gain
During November
Company Also Reports
Advance of $223,1l7
In Eleven Months
BY EDWARD C. STONE.

ington Gas Light Co. in November
amounted to $1e8,832, compared
with $93,175 year ago, an increase
of $95,657, the monthly report just
filed with the Public Utilities Com
mission discloses.
November earnings brought the
net income for the first II months
of the year up to $799 ,339, compared
with $566,222 for the same period
last year, revealing an increase of
$223,117.
The November report showed op-
Grating revenues of $663,895, COM
pared with S70l ,607 during Novem-
ber, 1887, or a decrease of $37,712.
Operating expenses, including taxes
and uncollectible bills, decreased
6161, ,652 from $542,6l7 in November,
1887, to $3S0,965 this November. This
decrease in expenses is due chiefly
to elimination of income tax ac-
crualS this year as a result Of
heavy charges in connection with
bond refinancing.
Net operating revenues amounted
to 1882 800, an increase of $l23 $40
Incorporating revenues decreased
$4,510. Interest and amortization
amounted to $104 ,614 this November,
compared with $80,841 in Novem-
Der a year ago, an increase of $23,-
773, due principally to interest
charges continuing on the 5 per
cent bonds during the call period
while interest on the new As was
also accruing.
Gas sales for the month of No.
Eember this year were 954,737, mcf,
D. a decrease of 54,389 mcf, due
to the warmer weather. There were
:53,242 meters in service on No
vember 80, 1888, gain of Aba
over the same date last year.
Business Gain Leads U. S.
Washington is listed by Forbes
Magazine as one of the best places
In the United States for concen-
trating sales activities, for collec-
tions, and other promotion opera
tons of business.
Washington is the center of the
fifth best high-spot territory in the
United States today. Twelve other
nearby cities made up the terri
tory.
This district. with the four other
tigh-spot territories, is chosen for
special mention by Forbes because
In 1t business is farther ahead of
last year than in any other terri
cory containing 100000 or more
population. For the territory which
includes Washington the median
gain over last year has recently
been per cent.
Trade Program Moves Forward.
The Governments program for
clearing away obstacles to export
trade continues to move forward,
reaching not only the major coun-
tries, but also some of the less we'll
known markets for American goods,
says the latest United States Cham
Der of Commerce review.
In addition to the announcement
last month of the new agreement
with Greece and the plans for
negotiations of an agreement with
Cuba, there has now come an
houncement of treaty with Iraq,
providing unconditional most-fa-
vored-nation treatmefnt. National
treatment is also guaranteed the
vessels of each country.
This is the first treaty OF COM
merce and navigation negotiated
between the United States and 1raq,
the review says.
Air Traffic Gains Forecast.
Pointing to a substantial gain in
air passenger traffic during 1888,
despite business conditions which
adversely affected business travel,
President w. A. Patterson of United
Air Lines today forecast substantial
increases for 1889 on the basis of
several factors expected to influ-
ence air transportation favorably.
Any further improvement in in
austry will be reflected in increased
air traffic, he said. Naturally the
two fairs, at New York and San
Francisco, will be of material assist
ence.
Airlines expect further stabiliza-
Hon of the industry under the Civil
Aeronautics Authority and also the
establishment of more. favorable
rates for carrying mail, the official
asserted.
Cleaned in Financial District.
Several businessmen in the vi
cinity of Fourteenth and U streets
are interested in getting a bank
established in the old United States
Savings Bank Building. There has
been no bank there since the United
States Savings Bank was closed sew
eral years ago.
One of the finest of the holiday
season parties in the financial dis
rict was given by Auchincloss,
Parker & Redpath at their offices
In the National Savings Trust Co.
Building yesterday afternoon. The
kuests included a large number OF
bankers and other flnanciers, in
vited by the New York Stock Ex-
chang firm which has its home office
h Washington.
The Board of Directors of South
eastern Greyhound Lines has di-
rected officers of the company to
apply for listing of the common
stock on the New York Stock EX-
change.
Clarence T. Rice, president of the
United States Building and Loan
League, who succeeded Edward c..
Baltz of Washington at the annual
convention, is highly optimistic on
the 1899 building and loan outlook.
Fifteenth street brokers are
pleased that so-called tax selling on
the New York Stock Exchange is
now ended. This pressure, which
has been hanging over the market
for about six weeks, has now been
lifted for another year.