Show Hon Con Gas Earnings Earnings' Drop In Rate Cuts NEW YORK Mar March h 16 Ap 16 AP Floyd 1 L. L Carlisle chairman of the Consolidated Gas Co of New York told stockholders at the annual meeting today that rate cuts made last ast year would cause a drop in earnings during the first two ers of 1936 Increased consumption to the point necessary to offset the de declines de- de dines clines was not expected before May I he said at which time earnings may mav show a pickup He Ee told shareholders that forthcoming forthcoming forth forth- coming refunding operations would save the company between and annually he said |