Evening star., 1939-06-30

y
amounted to s587,6479S2.47, as
compared with S566,055 ,43O.42 in
1888, or jump in clearings in
the first half year of s2l ,5s2 ,552 .O5.
Clearlngs by months so far this
year compare as follows with the
monthly records in 1888:
1899. 1898.
January - S96,424 ,506 S93,436,1l8
February - 82,733,9OO S4,231,245
March -- 103,916,350 95 ,692 1898
April - 99,730,563 l0l ,104,372
May ----- 96,395 ,8O9 89,749,470
June ----- l08,446,65l 1Ol l84l,824
May Gas Net Up SSI.065.
The monthly report of the WASH
ington Gas Light Company just filed
with the Public Utilities Commission
shows operating revenues of S674,1
for May, compared with S593 ,5S8 for
May a year ago, an increase of $50
$50, due principally to the larger
volume of gas sales. Operating eX-
penses increased S3o,1lO from S468.-
TAT in May. 1888. to S498 1857 this
May. These figures result in net
operating revenue OF Sl75,26l, COM
pared with Sl24.84l in May a year
ago.
Incorporating revenues amounted
to S23,906, or Sl9,965 more than May,
1888 Interest and amortization was
S70438 for May this year, compared
with S6l,ll8 for May last year, a
decrease effected by the bond re-
financing last November. The result
of the months operation was a net
income of S128,729. compared with
SAT ,664 in May. 1888, an increase of
$8l065
May earnings bring net income
for the first five months of 1899 to
S953,7T8, compared with S708 534 for
the same period last year, a gain
of s245244
The company reports gas sales of
a6l STA Mcf, or an increase of 1873 ,8O2
Mcf over May year ago. As OF
May 81, 1899, there were 1850
meters in service, a gain of 6.349
meters over the same date last year.
The report also shows that sub
stantial expenditures are being cur
rently made for extensions to prop
erty. The company set aside $4,000
for this purpose for the month of
May and over S35O,oOO during the
five months.
May c. & p. Net Advances.
Net income of the Chesapeake q
Potomac Telephone Co. in May
totaled Sl54 1872 in comparison with
Sl40,659 in May. 1888, according to
the report filed today with the
Public Utilities Commission.
Operating revenues amounted to
$l,0l9,82i against 1861 ,426; operat-
ing expenses called for S7338l4
against S697 228, leaving operating
revenues of s286007 vs. S264,l98
on-operating income was better
than last year, bringing total in
come up to S196372 as compared
with S1733O3. Interest deductions
required SAL 800 against $50 ,644 last
year. Taxes were slightly lower.
The telephone company also re-
ported five months financial results
TO the Public Utilities Commission
showing total net earnings of S782,-
O03 IN comparison with STAT 404 in
the corresponding period a year
ago, an increase of S34 599.
There were 45907 telephones in
service in Washington at the end
of May, 1899, which was an in
crease Of 73l telephones over the
previous month. Telephone users in
Washington made 30.316 900 calls
during the month. or 3326000 more
than in May, 1888.
Heard in Financial District.
Robert Y. Fleming, president of
the Riggs National Bank. will
spend the week end and July Fourth
Beach
Bishop James E. Freeman will
give the commencement address at
the Graduate School of Banking at
Rutgers this evening when three
Washington bankers will get di-
plomas.
The Chase National Bank has
declared a regular semi-annual
dividend of 70 cents per share,
payable August l 10 stock of record
July 10,
Jesse H. Jones, chairman of the
r. F. c., testifying at hearing
on the Mead bill blamed bank
examiners for lack of cooperation
in making it easier for the banks
to lend money.
Winkler Discounts War Fears.
DR.. Max Wlnkler, economist, be-
]leves the present situation abroad
is not as serious as many press re-
ports indicate, according to a review
being distributed in the financial
district by Slauson, White & Rowe.
Writing for Independence Fund, DR..
Wlnkler expresses the belief that the
situation in Tientsln has been over
appraised in its Importance and that
an adjustment will be reached in the
near future
The European situation has as
sumed calmer aspects, he asserts.
and does not look for any serious
trouble over Danzig at this time He
even goes so far as to say that the
danger of war seems to have been
removed completely for the time
being and possibly for some time to
come"
He concludes his review by as
serting that market movements in
the United States will depend to
much greater degree on develop
ments at home than upon news from
abroad
Today's Trading on Exchange.
Capital Traction IS were in de-
mand again today on the WASH
ington Stock Exchange. opening at
93a4 and advancing to "a.
Mergenthaler Linotype was in
lively demand, the days sales
totaling 10l shares, all going at 1872.
Washington Gas SIS closed the
session with a $4,000 transfer at the
strong price of 1882.
Hugh Leach, president of the Fed
eral Reserve Bank of Richmond, has
sent the FEDERAL Reserve Boards