The Washington times., 1914-04-16
lev TRANSACTIONS
ON LOCAL EXCHANGE
"a ashington Stock Market Has
a Quiet Day, With But Few
Sales.

quiet tone, affecting nearly every
as of stocks marked today's session
the Washington Stock Exchange.
HE much interest was manifested
roughout the meeting, this resulted in
NJ little trading.
XCa nital Traction, Gas, and Mergeu-
aIcr we're the leaders, although but
" sales of these stocks we're made.
S teen shares of Railway preferred
10 at SsA. q 5000 per cent Washing
n Railway and Electric Company bond
Fought s21x: twenty-five shares of
kp'tal Traction changed hands at zoos.
ID three shares of Mergcnthaler were
aded at 2l4&. These transactions con-
tuted the entire trading of the day.
To Washington, Baltimore anu An
RpoIis Electric Railway Company for
arch, 1914, had to face the proposition
making the earnings of a normal
3onth equal those of a month in which
hrnings were more than $4,000 above
p NAL. As a result, the showing for
arch, 1914, appears far from good
hen compared with March, 1913. In
farch of last year the Inauguration
|Welled the receipts Of the road far
bove normal. Gross earnings for
q .ch, 1914, were 81, $50 below those for
3arch, 1913 while net earnings decreased
12. rs, and whereas in March, 1913. there
fas a surplus after charges of SO, ,194,
b. company failed in March. 1914, to
eru It's fixed charges. by s2.0ls. The
|anc effect is shown on tie earnings for
h. first quarter of the year. Gross
ia lings for the first three months of
flt fell s22.3ls behind those for the first
u rter of 1918, While net earnings de-
res sed s24. So. For the first quarter of
|9i- there was q surplus after charges
" 1850 while for the first quarter of
In fS-tt tn o1 rE ao
u ss.55s.
J.. Randolph Jenkins has been elected
70 he directorate of the Federal Ma
|ior al Bank.
Trrmer Senator Nathan B. Scott of
N"st Virginia, president Of the Conti-
pa shington from two months tour
|f Europe.
7 our new directors were elected at the
lnnual meeting yesterday of the stock
holders of the Real Estate Trust Com
hf the es-Belmont-Popd Machine
ronpany. of New York; John F. Will
kills. capitalist, of Wash;nRt~-: W. w.
rderson. of Montgomery county, Nd,
NC Charles ID. Cugle, president of the
y shington Rubber Company. These
u
X ems, former ambassador to Austria
Hungary; Robert B. Roosevelt. capital
IS of Washington: Gist Blair, Freder-
cS n. Treat, Wade III. Ellis. Ashton 6.
"a pham, II. Bradley Davidson, F. l.
Denny. Arthur Lee, r. Golden Donald
son and J. Walter Long.
Practically complete figures on the
financial operations of the railroads
,f the United States whose revenues
fc6ay by the Interstate Commerce
= 'mrnission, show reduced revenues
February and for the eight
y "nths ending with 2 February, as
T impaired with the same periods last
var
The net operating revenues of the
m, ds of the United States for Febru-
3 this year were S3S.642.S16, as
r. npared with s57 941 .S65 in Febru-
? ~. 1918, a loss of s19.2e9.04s. The
cures for the United States for tho
? -ht months ending with February,
lti4. were s5s4.s15,5S7, as compared
Y ~ s674 o41 4Sc for the eight months
? ding with February. 1918, loss Of
=. .125.se6
he net operating revenues of the
stern roads in February this wear
+ ere s10.20s.SSs, as compared with
5 1.eI6.7s0 last year. a loss of s12 =
$3.50. The net revenues of the
; -stern roads for the eight months
7 ~rioo showed a reduction of from
B 9.1"9.67S to S217.6e6.s35, or a total
7. ling eff OF s61.4 s42 as compared
y IN the former eight months period.