The Washington herald., 1913-11-18
Markets, FINANCE, COMMERCE.

round lots; none offered under lis. Rail-
way shares were held at 50 bid and &c
asked for the common, 81 bid and 90
asked for preferred.
Seventy shares OF Federal National 135.
twenty-five Continental ia
Gas easier at g. Riggs Realty IS, long,
sold at 102 3-&
New ID. & o. Directors.
Union Pacific Railroad representation
in the directorate of the Baltimore and
Ohio Railroad was further strengthened
yesterday by the election of Charles A.
Peabody of New York and John @. Shedd
OF Chicago to fill the vacancies caused
by the retirement Of Capt John p.
Green OF Philadelphia, and Joseph
Wood, of Pittsburgh.
Messrs. Green and Wood. who repre-
sented the Pennsylvania Railroad, re-
signed when that company exchanged
its stockholders in the Baltimore and
Ohio for stock Of the Southern Pacific
Railway owned by the Union Pacific.
Mr.. Peabody is one of the best known
men in the financial world, while Mr.
Shedd is equally conspicuous in the mer-
camille world. Mr.. Peabody is president
OF the Mutual Life Insurance Company
and director of several corporations,
including the Union Pacific Railroad.
Mr.. Shedd is q member Of the dry
goods firm OF Marshall Field g. Co., Of
Chicago, and is interested in many other
enterprises. The Field estate is a heavy
holder Of Baltimore and Ohio stock. and
also Is largely interested in the Union
Pacific. Norman B. Ream. who has serv-
ed as director Of the Baltimore and
Ohio for many years, is q trustee OF
the Field estate.
EIghty-seventh Report of b. & o.
The eighty-seventh annual report Of the
Baltimore and Ohio Railroad Company for
the fiscal year ended June 90, I912 is
being distributed to the stockholders
The report shows that the company did
by far the largest business in its history,
the total operating revenues, including
outside operations, being s103, SO 9y2, an
expenses. however. including outside
operations. were S76. AZ. $40, an Increase of
s., 605, $50, so that the net railroad operating
revenue, including the account OF outside
operations, was S26. s02, l8, a decrease of
Sis, ,963. The income account further shows
that railroad tax accruals increased S17,-
no and that deductions for rents, interest,
&c. increased ssse, ,44e. Other income in
creased $s6s. .314. so that not corporate in
s5es, sos. After the payment Of dividends
OF per cent on the preferred and 6
per cent on the common stock, the net
accretions to profit and loss account, or
margin, for the year, was $i.S5S, ,3A. With
miscellaneous adjustments made during
the year the net balance to the credit of
profit and loss on June 80 1913, was ST.
49, .162.
The report shows the results Of opera
Of he dfracflNy afaa
gregating 4,45S33 miles, and Is supple
mented by statements Of income Of the
following lines owned but separately
operated: The Staten Island Railway
Company, Staten Island Rapid Transit
Railway Company and the Baltimore and
Ohio Chicago Terminal Railroad Com
pany, having a mileage OF 10o66 miles.
The summary of the general income
account for the fiscal year ended June 30.
1913, in comparison with tne previous Jear
is as follows:
CONDENSED INCOME ACCOUNT FOR YEAR.
HIa Increase.
GrOss earnings. rai opera
*