The Washington herald., 1914-01-14
LOcGl Stock Market.

were good, sales aggregating $4,000 hav-
ing occurred. One 5000 Washington Gas
- sold at l0S L.; one S1.5O0 Capital Trac-
ton at les is: one 81 900 City and Sub
urban > at 80 IA. and one 5000 Washing
L ton Railway and Electric at 50. One
f2,O00- one S.6O0. and one $1,000 Potomac
'onsC lidated 5 sold at 100. One $500 Nor
ok and Washington sold at los.
.,In the stock list seven shares CT Wash
irstOn Railway and Electric common sold
! It 20 Sixty shares of the preferred sold
ut 81 TO %. One hundred and thirty
shares of Washington Gas sold at 81. Mer-
scnthaler brC ught 2l3 3-S and 212 l-2.
Ten shares of American National
brought l60. fifteen shares of Federal Ma
tional l35, and seven shares of National
Savings and Trust 30.
South and Electric Power.
The competition of the 5000 horsepow-
er hydro-electric station of the Chatta-
! nOoga and Tennessee River Power Com
Rpany at Hale's Bar, near CHATTANOOGA
Is calling attention to the wonderful pos
sibilities Of water power development in
the South. 1t is estimated that within
100 miles of Chattanooga there are 7J0-
coo horsepower or hydro-electric energy
awaiting development.
1t is estimated that this is less than
one-fourth the hydro-eIectric power of
the South already developed or under
investment Of $500. O.ooO.O0G. This includes
nSlants already completed OF under con-
structiOn to develop 100000 horsepower
with 100000 horsepower more available
IF other plants definitely contemplated
10 develop more than 900. COO horsepower
and more than n hundred projects which
have not yet reached a stage permitting
, an estimate of the power to be developed.
But the more than 100000 horsepower
I noted is only about three-fifths of the
estimated minimum horsepower of south
Sern streams, not including streams hav-
ing less than 500 horsepower, while the
Yestimated maximum horsepower is three
times as much as that included in def
mite projects accomplished or under way.
1t is said that with proper storage reser-
Nolrs constructed, the streams of the
South Will develop 100000 horsepower.
At present the power of all kinds in the
South is estimated at 100000 horsepower
and with this power the South turns out
goods to the value of $4,000 600 900 a year
New Low Level.
Commodity prices. as indicated in Brad
streets Index Number, including ninety
six articles, struck a new low level of
SSS57 on January l on the present swing
The high from which the present lower
ing drift developed was $685. on De-
cember !, 1912. A year ago. on January
ii, the index stood at $685. Previous
low figures were those of June /, 1905, at
S.7227, and July l, 1904, at s7sslS.
Suspension of Banks,
Suspensions of banks and other fdu-
ciary concerns during 1913 were consider
Aably more numerous than in the preced-
ing year, according to Dun's Review, a
, total of 10 contrasting with only seventy
in the earlier period, while the liabilities
Of S31, ,546,3 314 also exceeded the s24 2Is. 522
involved in 1912. In New England the
record disclosed a small increase in num-
Der.
Manhattan Life Report.
The sixty-third annual statement of the
Manhattan Life Insurance Company
shows:
Policy reserve January /, 1914 s1964s,-
SIS; increase S. Al. 46S. Admitted assets,
so, 1s7, ,997: increase ss2,914. Invested on
Jr's, stocks. mortgages and real estate,
| SIG, SIS 4ss. Total payment to policyhold-
ers since organization plus the amount
how held for their benefit, sS4 sos, ,167.
Gas Merger Measure.
= Having in view the purchase of the
Georgetown Gas Company by the WASH
ington Gas Company, counsel of the lat
ter company are framing a bill seeking
to meet objections which have been raised
against the consolidation.
The bills probably will be introduced
in the Senate and House at an early date |
They will be referred TO the respective ]