Evening star., 1941-11-30
washington Gas Net Lower.

Washington Gas Net Lo"er'
The monthly report of the Wash
tngton Gas Light Company for Oc-
tober. filed with the Public Utilities
Commission Yesterday, shows op-
Grating revenues of S6l6,580, COM
pared with S674.351 for October last
year. the reduction being the result
of warmer weather this year which
greatly reduced the use Of gas,
Operating expenses amounted TO
e615,453. an increase of S772O over
october a year ago. Incorporating
income increased S7,207 over last
wear to a total of S3208l. Income
deductions we're slightly higher, and
the final result for October wes a
loss of s33.66O. against net in
come of S25, ,596 for october last
year.
The company's net income for the
10 months Of this year was s905,67
compared with S989443 for the same
period in 1870. The decrease OF
s83.772 in net is due to increased
taxes which are approximately $780,
900 higher in the current year than
in 1910
Gas sales Of 917.243 NJ cubic feet
for the month compared with l,OO5,-
SIS NJ cubic feet for October last
wear. There were 1922 meters in
service in the District of Columbia
on October 81, an increase of 7 per
cent over last year. The company eX-
pended approximately s275,000 in
october and s1.6O7OOO in the first
10 months of this year for extern
sions to its property in Washington.
Banks Paw Christmas Bonuses.
Directors of several washington
banks have just voted Christmas
bonuses for the employees.
The Bank of Commerce & Savings
will pay a Christmas bonus to en-
ployes equal to one months salary,
according to President Thomas M.
Groom
Directors of the Second National
Bank have voted a bonus of three
fourths of months salary to en-
ployeS, President John A. Reilly
stated yesterday.
The Liberty National Bank has
voted one months salary as Christ
mas bonus for employees. NJ. P.
Calnan. the president. said.
1t was also learned that other
banks in the city are planning SIM
liar action at the next board meet
ings.
Many New York banks already
have voted bonuses or other extra
compensation.
New Institute Treasurer.
James B. Ahalt one of the City
Banks assistant branch managers,
has been appointed treasurer of
Washington Chapter, American In
stitute of Banking. by the Board
of Governors to fill the unexpired
terms of Neal Wells, who left his
position in the National Savings &
Trust Co. and joined the Travellers
Insurance Co.
Mr. Ahalt is a former chapter
treasurer, to which Office he was
elected in May. 1910. Before COM
pleting his term, he was called to
the Army. After seven months serv-
Ice, he was released under the re-
Gently enacted law reducing the
maximum age limit.
Mr.. Ahalt is an institute grad
uate and has been with the CITY
Bank since 1894, coming here from
Ieesburg, Va, where he worked for
five years.
Capital Transit Stock Jumps.
Capital Transit stock gained al
most point on the Washington
Stock Exchange yesterday as a re-
suit of the double dividend an
nouncement. The market opened
with 100 shares selling at 16l4. up
from l55s. Ten shares then sold at
1873 and 40 more at 161s The
stock sold as low as IS earlier in
the week. Yesterdays final bid was
Is with II asked.
Potomac Electric Power 5l2 per
cent preferred came out at 114I
and a single share of Washington
Railway & Electric preferred moved
at III. One hundred shares of
Washington Gas common brought
H. II was ouSy session, sales
reaching 256 shares.
In the bond division, WASHINGTON
Gas IS, 1860, were strong and ac-
tive at 1913.
An amendment to the Securities
Act which would exempt from reg
istration requirements high-grade
securities issued by companies which
previously have registered issues
with the S. E. c. and have kept up
to date periodic reports on their
affairs has been proposed by Rep
resentative Boren, Republican, of
Oklahoma