The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-02-15
:, Checks n, Liam Shifting.
VAIL STREET GOSSIP.

NEW YORK. Feb. IA resolu-
tion adopted by the governors at
THURSDAYS special meeting in consid~
cred by the brokers as siguifylng
stricter enforcement of the rules
rather than any material change in
the rules IT has long hcen consid-
cred detrimental to the welfare of the
exchange, for instance, that broker
should carry an account without ade~
gquate margin, and improper use OF
IA customers securities. and reckless
or nnbusinessiikc dealing have long
laid broker liable to suspension, But
only occasionally have the governors
obliged member To show up ms
books and then ordinarily in cases
of failures and anything like syste-
matte examination has not prevailed.
II n now proposed ii look into the
hooks whenever suspicion arises, and
before q failure rather than after
z ward, and the new committee on bus
iness conduct or police committee"
as come of the members call II, is de-
S!gned Tor that purpose
NJ A hundred shares of Laekawanna
sold az 415. off 90 points from the last
previous sale. after the news OF the
panY's segre cation OF it's coal proper
tses The speculative enthracite stocks
were Sold for the same reason; Lehign
< VALLEY organized us coal safes COM
pany in manner similar 10 Laeka.
mauna's. and a new proceeding against
this company. was predicted. Delaware
and Hudson has never taken action In
the way OF organizing a sales COM
parry. though suCh action has been
urged by some Of the interests OF the
COMPANY. Beading, which escaped
Eases. may still be attacked for it's
aWnershlp of Jersey Central. There
aees this basis for the pessimistie pre-
~ ~. f.sf }.fNV aFkH n IS
who has prepared most OF the anthra-
Cite cases for the administration, has
aeeR working for some time IN the
separation OF papers for new proseeu-
tinns.
The business OF rse Canadian sxz
pF.sss- Companies ss4elslsti@ sae In 4ss az =
tfemely prosperous conditions accord :
aM2 t0 the figures Of the earnings OF
Gfese concerns during 1919 The Cana =
dian Express company earned 36b per
ceHt on its capital after the payment of
+ charges. the Dominion SIS per cent,
apa the Canadian Northern Express
h 49, per cent. In this country the year
1az2 was rather a harassfns one Tor
the express companies. Certain re
4 forms ordered By the Interstate com"
nserce commission entatled consideF-
aalJe increase In operating expenses,
Rnd ore company, the United states
Express company. actually passed the
b second semi annual dividend of three
per cent. The express companies also
had Ia make preparations for the. new
condltions In their neid OF operations,
brought about by the passage of the
parcels post law on January LIST last.
The arst annual report Of the Wool
worth company since the stock was
lis:ed on the stock exchange was made
Public II showed net sales Of $500
US 588 net profits or S., 4I5. 200, and
sfter the payment of the preferred di-
plaend balance of sA.3s5 geo, which
~ equal to about Il per cent on this
&5} asa gflo common stock The balance
sheet showed total assets OF s6s. 437. 600
of which only $50, Geo coo is good win
as compared with S5o,0T5.00e credited
II ~ that account In the previous year,