Evening star., 1939-04-29
Washington Gas Net
Shows Small Gain
In March Results
Profits Of $l78,437
Reveal $7,189 Rise
Over 1888 Period
By EDWARD c. STONE.

SKI ,L4o III MdICIl, 1900, ali lllSl 0aoC
of s7189, according to the monthly
statement Just filed with the Public
Utilities Commission.
Operating revenues of 1921 ,6l0 for
March compared with $791,762 for
March of last year. an increase
of s29848 Operating expenses
amounted to $685., ,0O3, an increase of
s39,593. principally as a result of
producing and handling the greater
volume of gas. These figures re-
suited in net operating revenues of
s236,607 compared with $246,352 in
March. 1888.
on-operating revenues were So
104 more than March year ago.
Interest and amortization amounted
to ST. 639 this March, compared with
S2,469 in March, 1888, a decrease
effected by the bond reflnancing last
November.
March earnings bring the net in
come for the first three months to
s645.7ls, compared with S542,045 for
the same quarter last year.
Gas sales for the month of March
were 1215,793 m. cubic feet, or So
l55 m. cubic feet more than March,
1888. There were 154 ,933 meters in
service on March 81. 1899, or 5,l55
more than on the same date last
gear, the report said.
&C. Bank Clearings Lower.
Bank clearings in Washington for
the week ended April 26 totaled
S19,607 ,69606, in comparison with
s21, ,983. .037S5 in the corresponding
week year ago, a decrease OF l0.8
per cent. Compared with the pre-
vious week, when clearings here
totaled S25 59l ,015.63, there was a
decrease of 233 per cent, the WASH
ington Clearing House reports.
The Life Insurance Sales Research
Bureau at Hartford has just estl-
mated that there were 246,062 life
insurance policies in force in the
District of Columbia on December
81, 1898. The amount of new insur-
ance written in 1888 was 81 per cent
larger than in 1887. The report
states that the average per capita of
Insurance was S1050, second highest
York State reported S1,058, or So
higher than Washington. while the
per capita average for the Nation
was S595.
More than 200 members sof the
District Life Underwriters AsSocia-
ton attended the April luncheon at
the Willard yesterday and heard an
address on salesmanship by Stanley
e. Martin of Columbus, Ohio; also
a transcribed address by Senator
taft. Nominations for new direc-
,bors were also made.
Exchange Trading Picks Up.
There was marked improvement
4uring the week in the volume OF
trading on the Washington Stock
Exchange. OF course, the largest sale
was the 1.OO0-share transfer in one
block of Capital Transit stock, which
was followed by many other smaller
sales in the same issue at steadily
rising prices.
Another large sale was a 100-share
lot of Washington Gas Light COM
mon stock at 27l4 about 2 points
under other recent sales. Washing
ton Gas Light preferred was in de-
mand around 105 and 1852. Bonds
we're less active but quotations were
arm.
All New York Stock Exchange Of
Gees in the District closed their win
Ter time schedules today and will
open Monday on the daylight saw
Ing time at 9 o'clock. Other invest
ulent houses will go on the same
schedule.
Largest b. & o. Stockholders.
The largest individual stockholder
Of the Baltimore & Ohio Railroad is
the Swiss Bank Corp. of Basle,
Switzerland, according to the car
riers annual report to the Interstate
Commerce Commission. The cor
poration was listed as holding $780,
o51 shares of common and four
shares of preferred stock.
Maatschappij Tot Beheer, Amster-
dam. held 6201 shares of common
and 29,560 shares of preferred stocks,
while Credit Suisse, Zurich, Swift
nerland. held 9460l shares of COM
mon stock Union Pacific Railroad
1850 shares of preferred stocks.
For his services as president of
the road, Daniel Willard received a
salary of 100000 in 1898. George NJ
Shriver, senior vice president, re-
eeived remuneration of $4,000; c.
W. Galloway, vice president, $48,-
300; H. B. Voorhees,, vice president
b45,5O0; j. j. Cornwell, general coun-
sci, $36. 400; j. J. Ekin, vice president
and controller. s3O03O; w. T.
Noonan, vice president, S25 900, and
g. w. Van Horn, s22,750.
Bank Assets S219,606,0 900.
Washington's nine national banks
bad total assets amounting to S2l9,-
6O6 900 on December 81, 1898, ac-
cording to a summary Just dis
kributed by the controller OF the cur
rency.
On the same date the banks had
total deposits of Sl98,979, 900 and
total liabilities, excluding capital ac-
sount, of s199,514,0O0 The same
nine banks reported surplus of S.
$4,000, undivided profits of S4704,-
900, reserves for contingencies OF
S560,OOO and total preferred and
common stocks having a par value
Of $8,975 900.
At the end of 1888 these banks
reported that commercial and in
dustrial loans totaled s16,623 900 ano
loans to brokers and dealers in Sc
curities, s339,00O Real estate loans
were placed at $7,858,O00. On De-
cember 81 the local banks held $70,.
$4,000 in U. S. Government obliga-
hons, $1,854,000 in railroad bonds
b2,122 900 in utilities. $8700O0 in in.
dustrials and s372 900 in other bonds
Is we'll as Sill 900 in foreign bonds
and $8,798 900 in notes and deben.
lures.
Heard in Financial District.
The Federal Reserve Bank o1