Evening star., 1943-06-01
Washington Gas Net
For April Boosted
To S2O5,484
Result Contrasts With
S149, SIT for Same
Month Last Yeor
By EDWARD C. STONE.

y
according to the monthly repor
filed with the Public Utilities Com
mission today.
Net revenues in the first fou
months of 1943 amounted to s952
649 against s812.779 in the lik,
period year ago, an increase O
s139,87O.
Gross operating revenues fo
April totaled Sl,122,212. an increas,
of sl42,3 1868, due largely to the love-
average temperature in April thi!
year than last, the report said.
Operating expenses increased
So3,604 over last year to a total O.
s863,971, resulting in a gain in ne
operating revenue for April o.
s58,764, Incorporating income wa!
up S2.7S5, but income deductions
were $5,592 higher
The increase in the volume of gas
sales for the month of Apri
amounted to approximately Is pei
cent, the sales being 1,775,956 thou.
sand cubic feet this year, compared
with l,534,6l4 for April 1912 Meters
in service in the District of Colum-
bia increased 4744 over year age
to total of 1875, ,l26.
The company expended approxi-
mately $50, 900 in April and S634 O0(
in the first four months of this yeal
for extensions of its property ir
Washington.
IBA Governors to Meet.
Washington investment dealers
will be represented at the spring
meeting of the Board of Governors
of the Investment Bankers Associa
ton in New York, June s, 7 and s
when Government war financing
and postwar financing of industry
will be the headline topics discussed
1t was announced today.
Conferences on War bond drives
with Treasury officials and men who
served in administrative capacities
in the December and April cam
palgns will also feature the pro-
gram. National committees working
on postwar problems in various
fields Of private finance are sched-
uled to report.
These preliminary reports will
deal with investment banking's part
in the postwar period and the means
by which it can carry out its re-
sponsibilities in industrial, murici-
pal, public utility and railroad
financing.
All national committees are sched-
uled to hold meetings with the
Board of Governors. Investment
dealers here report an attendance
of between $50 and 200 is expected
the spring meeting being held in
New York to minimize travel, the
ma jority of the association members
being in Eastern cities.
Dallas Leads Reserve Areas.
The Federal Reserve Board has
announced that the Dallas Federal
Reserve district led all others in
department store trade gains in the
first four months of the year. with
an advance of 80 per cent over the
like 1912 period
Kansas City stood second, with a
% per cent gain; Atlanta district
third. with trade up 26 per cent,
and San Francisco fourth, with an
upturn of 25 per cent.
The average gain for the u dis
tricts was 13 per cent. AS already
noted, sales in the Richmond dis
trict, including Washington. were 13
per cent ahead of last year, St. Louis
having the same average improve
ment
Trade in Boston was up 7 per
cent: New York. 4 per cent: Phila-
delphia, s; Cleveland, 9, and Min
neapolis, l3
Rovensky Resigns Post Here.
Joseph c. Rovensky, one of the
vice presidents of the Chase Ma
tional Bank, has given up his posi-
tlon as assistant co-ordinator of
inter American affairs, after three
years service in the WASHINGTON
office, headed by Nelson Rockefeller
He is anxious to return to the bank
He is an authority on foreign eX-
change and foreign trade.
Mr.. Rovensky, as head of the eco
nomlc and commercial field for
C1AA. acted as a sort of special
pleader' for material and other re-
qulrementS for the Latin American
nations. He also handled special
export control problems as material
and machinery had to be parceled
out between the armed forces, lease
lend, the civilian economy and Latin
American needs.
Lindley to Address Bankers.
Ernest K. Lihdley, chief of the
Washington bureau of NeWsweek
Magazine, will address the District
of Columbia Bankers Association
at the annual meeting at the Nav
flower Hotel Friday and Saturday
President John A. Reilly announced
today, He will appear on the Sat-
urdav program and speak on World
Events" Mr.. Lindley is widely
known commentator, author OF
many magazine articles and a ma
tive of Indiana.
Gas Common at New l943 Peak.
Sixty shares of WASHINGTON Gas
Light common stock sold at 2l', on
the Washington Stock Exchange to-
day, new l943 high mark. The
stock moved up a full point from
last weeks close at 20'..
Capital Transit was also strong
on the Washington Exchange today
25 shares changing hands at 81,
up a half point from last week:
close The final bid was 80 with
80 asked
Mergenthaler Linotype and Lin.
coin Service common and per CEN
prior preferred stocks are now be.
ire quoted eX-dividend. regular div.
idends to be disbursed shortly.
There was much interest in New
York Stock Exchange offices here
today when both General Motor.
and Chrysler made new highs fol
the wear Roth iSS,leS are eyter,