The Washington herald., 1914-01-22
BUOYANT DAY
in WALL Street.
Brisk Demand for Favorite#
Issues and Good Gains
Are Recorded.
CLEARING HOUSE MEETS
H. H. Mckee and R. N. Harper Go on
Standing Committee. & O. and
IN. & W. Submit Reports.
CLEARING HOUSE MEETS
By w. sTEALEY.

The New York Stock Exchange yester-1
day witnessed one of Its best days in
six months
The sales amounted to ses,eoo. volume
that has been exceeded on only two or
Of depression.
A good demand for all issues in which
there is a popular interest was shown
at the opening OF the market and many
gains were recorded throughout the list
The most important feature all through
the first hour was the heavy dealings in
all tF@ important issues Orders on a
large scale o. both the buying and selling
sides were numerous, permitting heavy
realizinis of stocks bought at lower levels.
witt evidence of larger public partici-
patton than has been noted for several
months. Wall 6. 'eet was full OF bull
points on Southern Pacific before tile
opening and that stock became the center
of speculative interest. Some of those
active in the buying called attention to
the fact that the st TX, because of its
dividend return and market price, was
in the strongest position of any of the
railroads.
New York Central was in increased de-
mand, opening at 20 IA and closing at
81 IT, United States Steel advanced from
sSS rs TO "a L. Western Union gained
i IL Union gained q lfdC-
ton, as did Pennsylvania. Reading, Nor
70 and Western, Louisville and Nash
vile, end Baltimore and Chic.
Local stock Exchange.
The Washington Stock Exchange also
had one of its best days of recent months.
The principal trading was in Washing
ton Railway and Electric Is. The sales
amounted to $4,000 at 50, and $500 at 81 L.
In nj Ia
hands at 1Os 1-sa10S Ia Five thousand
dollars in Washington Gas IS sold at
1O7. One $1,000 Potomac Consolidated 5s
brought 100.
IN the stock list 100 shares of Washing
ton Railway and Electric preferred
ington Gas IS 7-SaSI, one Norfolk and
Washington Steamboat 200.
clearinghouse Election.
The Washington Clearing house Asso-
citation yesterday held its annual meet
ing, electing III. H. Mckee, OF the Ma
tional Capital Bank, and r. n. Harper,
of tn. District National Bank, members
of the standing committee In place of
w. F. Galliher and George w. White,
who retire under the rules of the associa-
tion. William ]. Flather was reelected
president. and ]. Gales Moore secretary
and manager. Clarence Carson and A.
Il Run continue on the standing COM
mittee.
In his annual report Mr.. Moore stated
that the clearings for the year amounted
ito Sf02 sOSO755S against S3e, 776 7g1 80 in 1872
an increase of S11, Is 2SS.6S. The largest
monthly clearing was in May: the small
est in February. The largest daily clear
ing was June =
ID. & o. Report.
The Baltimore & Ohio Railroad Com
pany's statement of earnings and ex-
penses for the months of July-December,
inclusive. compared with the same period
of 1919, follow:
OPERATING EXPENSES.
1915 1872 Increase
Operating rcrennc. s5c 65Seel S52 iIs@s S2DieS
Mant Of way & struct.. 6.s55e5 7.l6n III .7ol $50
Maint. Of equipment. ssIS.74 s.lo5.l55 .al .ils
Traffic expenses......... ll76 81 g1Tl6 2A67s
Transportation expenses nos Ioi Isls3si ls92so
General cxpcnscs-..-.-.- l.l5s.5l6 ec.s9 Is, ,a7
Total operating
penses ................. O67.IsZ SE5Ios I!s4eG4
Net operating revenue. 1885 7sl B.c2e2s ri57. .iis
Decrease.
The foregoing does not include outside
operations, which, as estimated, will show
a deficit in net i'm December, 1873 of
$780, COO compared with a deficit of SIS yy7 ~
for December, 1872
Manhattan Life Profits.
An official of the Manhattan Life Insur-