Evening star., 1939-05-27
Washington Gas Net
For April Scores
S62,N4 Advance
Gain Also Reported
For Four Months
Over 1888 Results
BY EDWARD c. STONE.

sion shows operating revenues OF
$769,775 for the month of April, COM
pared with $715.4 .480 for April, 1888
an increase of $74295, as a result
of the larger gas sales. Operating
expenses increased $25,125, from
s526,63S for April last year to $751;
1853 this April, due to producing
and handling the flarger volume of
gas. These figures result in net
operatiDs revenues of S238,O12, COM
pared with S188,842 in April a year
ago.
Incorporating revenues were S.
e45 more than April 1888. Interest
and amortization amounted to STA
222 this April, compared with S81, :
Sis in April, 1898. a decrease effected
by the bond ref1nancing last No
Vember. The net result of the
months operation was a net income
of S181 1872, compared with $116S24
In April last year, gain of S62, ,504.
The April earnings bring the net
income for the first four months of
1899 to 1925 ,049. compared with $780,
S70 for the same period last year.
The company reports gas sales of
1,l59,l10 mcf, or 1928 mcf more
than for April last year. Meters in
service as of April 30, 1899, we're
155,100, or gain of 5,795. compared
with the same date last year.
Phone Net Slightly Lower.
Net income Of the Chesapeake &,
Potomac Telephone Co. in April was
slightly lower than year ago, but
In the first four months of 1899 was
ahead of 1888, according to the
statement Just filed with the Public
Utilities Commission.
April balance before dividends
amounted to S157,949 in comparison
with S168,674 in the same month last
year, drop of $1O,725. Operating
revenues totaled $l016143 against
S949,345. Operating expenses took
$7l9,100 compared with S66l $50 in
April, 1888.
Taxes required 500 ,322 compared
with S91 ,046, leaving a total income
largely from operations of S199 800
against S20l 800 a year ago. Inter-
est deductions were SAL ,851 this year
and S33,126 last, the report said.
Net income in the first four
months of the present year amount
ed to S62762l as compared with
$606,745 in the like period a year
ago, an increase of $20876. This
net income was helped by operating
revenues of s4,006,503 against So
Isl ,495 in the same months last
year.
Operating expenses. however.
again increased, S2.835 ,246 compar-
ing with 1854 4259. Taxes were
higher, s384,667 comparing with
1851 495 in 1898. Total income
amounted to $78962 against S734,-
300 while interest deductions claimed
Sl620 900 compared with $127, 500 in
the same 1888 period.
There were 245,176 telephones in
service on April 80, 1899, which was
an increase of 1895 telephones over
the previous month.
Telephone users in Washington
made 28679000 calls during the
month, or an increase of 1928. 900
over April, 1888, the report said.
Virginia Savings Increase.
More people are placing their
savings In Federal savings and loan
associations in Virginia than ever
before, officials of the Federal Home
Loan Bank Board said today.
The number of such investors in
creased from 1884 in April, 1898, to
1882 on May /, this year. In the
IL months, the amount of their say
ings rose from $7,808.410 a year ago
to s10,920,080 on May l, or S3,1l1,-
670.
During April, the 20 Federal as
sociations in Virginia made 167
loans on homes totaling S458, 900. AS
of May /, the aggregate amount of
direct reduction" loans on the
books of these institutions was S15,-
284,000.
Maryland Savings Also Up.
Savings on deposit in Federal say
ings and loan associations in Mary
land increased $5.731 ,420 in the year
ended April 30 Total deposits were
$19,079 ,450, compared with S13,348,-
o30 year ago.
The total, representing deposits of
s7285 persons, compared with 16,-
e85 investors a year ago.
The 43 Federal insured associa-
tions made 259 loans totaling $685.
600 during April, bringing to Sl6,-
658, 900 loans outstanding.
Cities and towns in which asso-
Citations in Maryland are located
are: Baltimore. Cumberland, Glen
Burnie, Hagerstown, Overlea, Tow
son and Silver Spring.
South Leads in Rural Sales.
Daily average sales of general
merchandise in small towns and
rural areas for April as compared
with April, 1888, were relatively
higher in the South, with an in
crease of 10 per cent, than in other
regions of the country. This COM
pares with gain of II per cent
for the country as a whole.
Sales we're relatively lower in the
East, the increase being about 2
pSA SOllO Sohlo Vi IL Btl SClIG
and per cent, respectively, were re-
corded for the Middle West and Far
West. These changes were revealed
by estimates of the Bureau of For
eign and Domestic Commerce based
on rural chain store and mail order
sales.
General merchandise sales in
rural areas during the first four
months of the year as compared
with the same period of 1888 were
at a relatively higher level in the
South with a gain of IA per cent
and lower in the East with an in
crease of about 6 per cent. The
Middle West and the Far West aver
aged an increase of 10 per cent.
Heard in Finineial District.
Many of the Capitals leading
financiers attended the funeral to-
day of o. H. P. johnson, the services
taking place in the chapel at
Georgetown University Mr.. john
son was chairman of the board of
the National Metropolitan Bank.