Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-11-04

1885, Loss Shown
By Washington Gas
For September
Compares With $57. SAT
Deficit for Same
Month Lost Year

DeGiCIC TOT COWe
Month Lost Year
BY EDWARD C. STONE.
Net income of the Washington
Gas Light Co. in September showed
a seasonal loss of $38,861, compared
with a deficit of s57,547 in 1941,
making an improvement of $18,686.
according to the monthly report
just filed with the Public Utilities
Commission.
Gross operating revenues were
$6O6 $50, compared with S539,994 in
September, 1941, an increase OF
$66, SOS. Aperating expenses amount
ed to $597 1927, an increase of $37 1895
over last year.
Incorporating revenue was nearly
$1,000 lower because of Govern
ment restrictions placed on appli-
ance sales. Deductions for interest
t,ok s70,315, or 1894 more than a
year ago.
The result of the companys OPP
erations for the first nine months
of this year was net income OF
$734,777, compared with S939,335 for
the same period in 1941. The reduc-
ton of $204,558 arises from much
higher taxes, the provision for which
was SAB, 126 greater this year than
last, and from other increased costs
attributable to the war.
The report also shows a gain Of
approximately IA per cent in gas
sales for The month, the sales be-
ing 1896, 975 900 cubic feet this year,
compared with 783984,0OO cubic
feet for September, 1941
Meters in service in the District
of Columbia increased 9,279 over last
year to a total of 182.950.
Gross additions to the company's
property in Washington amounted
tt approximately S2Ol 900 in Sep
TENDER and $2,668,000 in the first
nine months of this year.
Reserve Directors Nominated.
Charles E. Reiman, president,
Western National Bank of Balti-
more, has been nominated to sue
coed himself as class A director
OF the Federal Reserve Bank of
Richmond, Robert Lassiter chair
man of the board, announced today.
Charles C. Reed, vice president
and general manager of Williams &
Reed. Inc, Richmond, was nomi-
mated to succeed himself as a class
B director.
Ten Washington banks took part
in the nominations The banks now
are sending their votes to Richmond,
the results of the elections to be
announced on November II.
District Women Honored.
Wartime responsibilities for women
in finance will be emphasized in the
building and loan association sphere
by newly appointed National
Women's Committee of the Ameri-
can Savings and Loan Institute, to
which Mrs. Esther Devers of the
National Permanent Building Asso-
citation received word of her ap-
pointment today.
Edward J. Webb, Kansas City,
. president of the institute, informed
Mrs. Devers that she is one of IS
women who will serve as charter
members of the new group.
Their immediate purpose is to i'm
prove the professional standing Of
women in the business, making them
. better able through study and ex-
perience to carry the responsible
ties which naturally fall upon them,
,, with manpoWer at such a premium
as it is today.
; The institute is 20-year-old
organization which conducts classes
for savings and loan workers in Is
cities.
George Vass Returns Home.
George o. Vass, vice president
and cashier of the Riggs National
Bank, has returned to his home fol-
lowing an operation for a throat
trouble at the Temple University
Hospital in Philadelphia. He is i'm
proving steadily, his associates at
the bank said today.
Mr.. Vass has been troubled with
a throat irritation for some time,
specialists advising an operation
Members of the luncheon group OF
the District Bankers Association
oAAoNSASu AiAAl WALL SlCcllllSo Wllllc
he was in the Quaker City.
Exchange Grips Attention.
Boardrooms of the New York
, Stock Exchange Offices were we'll
filled today as market observers
gathered to see the result of the
national elections on the Stock
Market
They witnessed lively opening at
higher prices. The volume right
after the opening moved at very
rapid pace. Many traders predicted
a further advance, talk about the
! elections and the long term outlook
overshadowing the war in the
Pacific.
The ticker carried a great many
! more notes about the election than
about company earnings during the
: early trading.
, Today's Trading on Exchange.
Washington Railway & Electric
preferred recorded two sales at 1872
on the Washington Stock Exchange
today, following yesterdays holiday
The price was the same as the last
previous sale.
:, Payment of dividends over the
t week end has narrowed the ex-divi-
, dend list down to two issues, Wash.
ington Gas $3.50 and S. preferred
d stocks.