Evening star., 1939-03-01
Washington Gas Net
Earnings In January
Show $45,513 Gain
Profits of $213,7l5
Reflect Increasing
Demand for Gas
BY EDWARD C. STONE.

filed with the Public Utilities Com.
mission today. The gain was one O.
the largest in many months.
Operating revenues in January
totaled S903,136 in comparison with
$847,661 for January a year ago, ar
increase of $55,475 as a result OF the
greater volume of gas sold. Oper.
ating expenses, including taxes anc
uncollectable bills, increased S29, ,18s
from $595O7O in January, 1888, te
e624,258 for January this year.
Net operating revenue was $278,-
S78, or an increase of S26,237, COM
pared with the same month in 1888
Incorporating revenues increased
$8647. Interest and amortization
amounted to $69,744 this January
compared to S80,323, a decrease OF
S10,579 effected by the bond re-
financing last November.
Gas sales for the month of Janu-
ary were 1,35l,733, or an in
crease of 102,55l mcf. over January
1898. There were 154.371 meters in
service on January 81, gain of
4,649 over the same date last year
the statement disclosed.
Building Up 149 Per cent.
The Federal Reserve Bank of
Richmond reported today that build
ing permits issued in 81 cities of the
sth district in January called for
construction work totaling s10.266,-
1893, an increase of 149 per cent over
January, 1938 permits and the high
est amount for any month since
April, 1880. Permits in January
1888, totaled S4,125,673.
Washington led in the January,
1889. valuation with S4,473649
UNITED States Government work
not included. followed by Balti-
more with $780, 764: Frederick, Md,
with S4l6,899; Hagerstown. Md,
with s383.129; Asheville, N c.. with
s380,796; Richmond, Va, with 1885,.
208. and Norfolk, Va, with 1924 ,928.
Twenty-three of the 81 cities re-
ported a building increase over
January year ago. the bank said.
Contracts awarded for all types
of construction in the 5th district,
including both rural and urban prof.
ects. totaled S25,6l3,00O an increase
Of 80 per cent over the $l9438 900
contracted for in January, 1888.
The bank said debts against both
demand and time deposit of individ-
uals, firms and corporations in the
banks of "a 5th district cities in
January. 1899, showed a seasonal
decline" of IA per cent fromsdebits
in December, 1888, but exceeded
those for January, 1888, by l per
cent.
Appraisal Chapter Sought.
The Society OF Resident Appraisers
may soon have chapter in Wash
ington if the plans of building and
loan association leaders are carried
out. After hearing a report from
Clarence E. Kefauver yesterday at
the monthly meeting of the D. c..
League, many members expressed
themselves as being desirous of af-
fliating themselves with such an
organization. Mr. Kefauver was
named chairman of committee to
carry out the members wishes in
the matter.
A signal tribute was paid by the
entire group to Justice Bolitha j.
Laws of the District Court for his
attitude in connection with the re-
cent jury fixing scandal. Arthur
G. Bishop, president o. the league.
declared that Justice Laws state
ment was the finest he ever read.
and the members with one accord
voiced their appreciation of the
Laws decision.
Six new members were appointed
to the General Committee handling
the ninth annual dinner, scheduled
to be held at the Mayflower Hotel
on March 25. The additions are
George M. Emmerich of the North
ern Liberty, Chaplin Bauman from
Oriental, Carl H. Ellingson, First
Federal; E. j. Carlson, Prudential:
Joseph Fitzgerald of the Mutual and
James M. Woodward of the Home
Martin A. Cook, general chairman,
end Rudolph W. Santelmann, vice
chairman, in their preliminary re-
ports stated that the 1899 affair will
probably outstrip all previous ban
quets in point of attendance.
Loans in Maryland Mount.
Getting off to flying start in
1899. the 43 insured savings and loan
associations in Maryland financed
18l loans on Maryland homes in
January, totahng S563,000, it was
reported today by Nugent Fallon,
general manager of the Federal
Savings & Loan Insurance Corp.
The cumulative figure of the amount
OF direct reduction loans on the
books of these institutions totaled
sl5678,000 on February l.
"All indications point to a fine
year for home financing and home
building, and it is expected that the
insured associations in Maryland
will play very important part in
supplying the funds for much resi-
dental building in that State" Mr.
Fallon stated.
associations in Maryland amount to
$26,975.000 They are located chiefly
in Baltimore. Other insured asso-
Citations include the First Federal
Savings & Loan Association of
Hagerstown and the First Federal
Savings & Loan Association OF
Cumberland
Auditors Meeting Set for May.
Members of the auditors section
of the District Bankers Association
are looking forward to the regional
meeting of bank auditors and con-
trollers from leading Eastern cities
which will take place in New York
May 11-l3. 1t will be the seventh
meeting of the kind and more than
600 auditors are expected. Russell
F. Thomas. Central Hanover Bank
g. Trust Co.. is chairman of the
Conference Committee
Thomas w. Brahany, manager Of
the Washington Office, announces