The Washington times., 1914-03-05
! INER|CAN SECURITY
STOCK IS FEATURE
T ock of Seventy-FWe Shares
Sold on 'Change-Metropol-
itan Bank in Demand.
Hy GEORGE H. GALL.

Sy GEUkGE n. TALL.
The sale of seyenty-five shares {
A 7crican Security and Trust Corpan!
ok at 2s5, points under th's las
$ e and the strength of National Me
politan Bank stock were the feature:
the days trading on the local stool
{ harae.
The trust company stock came out II
g ven quotation lots and a lot Of five
F ares and was taken by several brokers
\ price of 1876 was bid today for Ma
onaI Metropolitan Bank stock but there
as no offering.
The bend trading was lighter. Three
900 Metropolitan Railroad 5s sold
It lO5H. two $500 Capital Traction .
at los. and $1,000 Potomac Consoh-
, ated per cent at lOUss-
A lot Of twenty shares of Capltal
traction sold at 10; another of ten
shares and a single share A quo
alton lot of Washington Gas SOFA
1T s4A. and five shares sold atter
all at the same price. twenty ,nye
s1ares of Washington-Virginia i.aii-
\, 4y common sold at 40. Fifty shares
q Arlington Fire Insurance COMPANY
sold at l2S, and twenty-five more az
!: fraction less. There was also saie
CF Washington Railway and Electric
referred at SIl3.
As an indication of improvement in
Iustrial conditions throughout the
, untry. the production of pig iron was
% tons a day greater in February
1 IN in January. and the production Oh
eel 6Sl4 tons a day greater. these
:. the net results of the hgures LOT
: :, iron and steel industry as reported
.jay by the Iron Age, whlch says. IN
TT:
our bast furnace statistics for Feb
ary, v hich are remarkably complete,
rsidering the serious GRIPPING OF tele-
ph and mail services, snow PLAINLY
j.,- increase in steel works operations
I month. The production OF pig iron
the twenty-eight days of February
- ISSsSI3 gross tons. or GI.i5A ions
u y. AGAINST 1SS5.Uo4 tons in January, or
rv.S0S tons a day. The steel companies
-Oduced 1,Sjl,l27 tons last Month, or
5G5 tons q day, against lr26l,iS5 tons
s.. January. or 1861 tons a day.
The steel, companies blow in twenty
rraces in February-tne Steel Cor
! ration fifteen and the Independent
companies i've -Four merchant furnaces
l.ere blown in and thr9e were b-own
out Thus the net gam in active lur-
Iiacss Was twenty-one. there being Bis
II blast March l against l9I one month
u. eviOus.
Production in January was at the
lite of %. 100 0l0 tons a year: in Febru-
ary the rate was 2i61G,00y tons a year,
q gain OF 10000 tons, or about II per
4 1T. The furnaces enter March at a
considerable increase over the Febru-
arv rate.
Neither in pig iron nor in finished
products is there a serious trying out
OF the higher prices for which producers
have lately been standing with mole or
less frrnness. Far forward buying is
't'li the exception: yet some furnaces
nd some mills are quite we'll sold
rough MAY. and meantime prefer to
0.-ve the situation develop before get
ing on third quarter ground
ne weekly meeting of the Washing
IN Chapter, American Institute of
liking. viii be held at the chapter
0Tns. l2li T street northwest. tonight.
-"Xanter Wolf will continue the Sc
$ OF lectures on the law Of negotiable
stTuments.
The summary Of revenues and en-
''-nses OF the steam railroads of the
nited States for the month of Decen-
.'e" and for the calendar year 1913 is
I'D today by the Bureau of Railway
Cononlcs, shows d decrease in total
Teratlng revenue, for December, as
impaired with December. 1912, of 81
'.~r cent on a per mile basis. Operating
rNpenses per mile increased OIL per
Int. Net operating revenue per mile
as less by SCI, or i6.S per cent than
r December year ago. while that for
'ecember. 1872, was l0.4 per cent great
than for December. 1911.
For the calendar year, 1912 total op-
~atinG revenues per mile increased g.,
r cent and operating expenses per
iile 1-S per cent Net operating reve-
=" per mile decreased sIS3 or Al per
nj, while that for the calendar year,
~, was greater than for the calendar
ar. 1911. by 81 per cent. Operating
ncome per mile decreased s239. or &c
,eT cent.
The railways of the Eastern district
nov Il decrease in total operating reve-
Ks per mile of line as compared with
"cembcr. 1912. Of 40 per cent, the
-aiIwayE Of the Southern district an in
. reaSe Of 5.4 per cent and the railways
. the Western district a decrease of 80
operating expenses per mile increased
per cent on the Eastern rail-
avs; increased 5.S per cent on
Southern railways. and decreased
> rcT cent on the Western rail
.ays. For the Eastern railways net
IcTiltiEg revenue per mile decreased
3.S per cent: for the southern railways
increased &c per cent. whilc for the
c.sICrn railways II decreased lS.J per
ut Operating income per mile de
rcased 23.i per cent in the East in
l.ascd 81 per cent in the South. and
creased 22.7 per cent in the wes-
For the calendar year. 1878, the
a.iwaIs Of the Eastern district shnw
decrease in net operating re..,nuc Per
Gile Of 81 per cent. railways of the
rCuthern district an increase OF i.3 per
cnt, and the railways Of the Western
.isirict a decrease of 2.5 per cent. All
hI"e districts show increases in total
1gcratlng revenues per mile ard in Oper-
at!ng expenses per mile. but in the East
I'll ARD Western districts these Increased
"reTaCng expenses more than balanced
no" Increases in revenues. Operating in
ore per mile decreased 1875 per cent
the Eastern district; increased I per
mt ia the Southern district, and de-
fc;iscd 4 per cent in the Western dis
.r!ct
Gl