Evening star., 1939-08-31


May ---- 96,395 809 89,749, ,470
June ------ 1OS,446,S51 1Ol ,841,82
July ----- 1O1 ,10493 94,366 1854
August ----- 93,631523 88,O17,063
July Gas Net Up S30,39S.
Net income of the Washington
Gas Light Co. in July registered
an improvement of more than $780,
900 over July, 1888. according to the
monthly report just filed with the
Public Utilities Commission.
The company announced a sea-
sonal deficit of S25 ,943, compared
with loss in July year ago of
$53,341, making the exact improve
ment this year $30,39S.
The gas company made fine
record in the first seven months of
this year, when net income amount
ed to 1881 ,4l9, compared with S670,-
1888 for the same period last year, an
increase of S210.681.
The July report shows operating
revenues of S463.891, compared with
$448,228, an increase of Sl5.663 as
a result of the larger volume of gas
sold. Operating expenses, includ-
ing taxes and uncollectible bills,
amounted to $43l, 324 this July,
compared with S426,347 for July,
1888, an increase of S4,977. These
figures result in net operating
revenue of S32,567, or S1O,686 more
than for the same month last year.
Gas Sales Reveal Increase.
Incorporating revenues increased
$9,436 to $9,579 this July. Interest
and amortization was S70,089 in July
this year, compared with S80,365 for
July, 1888, a decrease effected by
the bond refinancing last November
The company reports gas sales of
626,781 mcf. or an increase of 81 ,687
mcf over July a year ago. There
were 154,197 meters in service on
July 81, 1899, compared with 148,550
on the same date last year, a gain
of 5.647 meters.
The report also shows that sub
stantial expenditures are being cur
rently made for extensions to prop
erty. The company expended ap-
proximately 100000 in improve
ments to property for the service
to customers for the month of July
and over $529,000 during the first
seven months of the current year.
Exchange Listing Requested.
officials of the National Mortgage
& Investment Corp. have applied to
the Washington Stock Exchange for
the listing of 219,l96 shares Of 5 per
cent non-cumulative preferred stock,
par value, 81 a share. The exchange
Board of Governors has notified the
Securities and Exchange Commits
sion of approval of the application
and it is now expected that trading
in the stock will begin on Septem-
ber 90.
The National Mortgage & Invest
ment Corp. was reorganized last
spring, the number of outstanding
shares being reduced and the pre-
ferred dividend being cut from to
S per cent. There are now 42587
shares of common stock of no par
value in addition to the preferred
The company paid 20 cents share
on the preferred stock on June Is,
the first dividend paid since 1882.
The company owns and operates
the Capital Garage and other valu-
able property. The officers are James
w. Beller, president; Harold E. Doyle,
vice president; Joseph B. Schaaff
vice president, and M. C. Buckley,
secretary treasurer.
This is the first new listing on the
Washington exchange reported in a
long time. The corporations origi-
nal preferred stock was listed on
the exchange for several years.
South Atlantic Sales Rise.
July sales of 2,973 wholesalers rep
resenting all parts of the country
increased So per cent over the same
month a year ago, it was announced
today by Director William L. Austin
Bureau of the Census. Dollar sales
during July-Without adjustments
for number of trading days or for
seasonal variation-Were off 81 per
cent from June. Sales of the 2,97a
wholesalers for the month amount
ed to $196,974000 Twenty-seven OF
"a lines of trade recorded increases
in sales over July year ago, while
seven showed decreases.
In the South Atlantic section July
sales were up 1873 per cent over
last year. The best advance was
in electrical goods, up 40 per cent
Surgical equipment and supplies
were up 81 per cent, industrial sup
plies "a per cent and general hard
ware IL per cent. Other gains were
smaller.
Today's Trading on Exchange.
Capital Transit stock got all the
attention on the Washington Stock
Exchange today when two 25-share
lots changed ownership at 1879
same as other recent sales. Bic
and asked prices on other issue: