The Washington herald., 1914-02-06
IRREGULAR'DAY
in WALL Street
New York Stock Market of
Fractionally at the Close.
Bonds Show Activity.
W. R. & E. DIVIDENDS
Railway Common at ~ Quarterly.
More Georgetown Gas Stock
Sells at Us.
W. R. & E. DIVIDENDS
By w. sTEALEY.

By w. sTEALEY.
Prices moved irregularly in the New
York Stock Exchange yesterday, and the
close showed fractional declines
Steel closed at 6 SIS. showing a decline
of but Is. Reading and Union Pacific
lost a few fractions. Southern Pacific
closed at its opening price. 1o4.
Bonds were active and firm. New York
City 41-as sold at log. The demand for
high grade investments continues un-
abated. Rock Island debenture IS were
active with a rise from IS 1-2 to rs. The
collateral Is were heavy, with a loss of
81 Third avenue adjustments rose from
So to 50 Il
The dropping tendency of quotations
extended to European stock exchanges
British consols fell on 1-2 point, and the
general list yielded in sympathy. French
rentes were lower, but this heaviness in
prices was characterized as a healthy
reaction.
The Bank of England made no further
reduction in its rate, and although geld
was lost on balance during the week,
holdings are still some sas.ooo 1000 above
last February. AS anticipated, the I'M
perial Bank of Germany reduced its dis
count rate to per cent.
Call loans were renewed at rs per
cent and time funds We're reported a
shade easier for long maturities-
Local Stock Exchange.
Sales on the Washington Stock Ex-
change yesterday showed an increase
over Wednesday. In the bond list $500
in Capital Traction IS were sold at los,
5000 in Riggs Realty 5s long at 101%,
and 5000 in Washington Railway and
Electric 4s at S0k, an advance of OF
a point.
In the stock list $50 shares of WASH
fnr oil nrefarrRd
brought 80. and five shares OF Capital
Traction 1I3 Seventeen shares of Mer-
genthaler sold 216Aa26lk
Two shares OF District National Bank
stock brought 49,.
Considerable interest was manifested in
ceedings. Three shares of the Washing
ton stock sold at 81 Thirty shares of
Georgetown stock brought Is. In the
last two days ffty-five shares of the
stock has changed hands. 1t is believed
there is little more of it on the open
market.
Local Dividends Declared.
At the monthly meeting of the direct |
ors of the Washington Railway and Elec-
trio Company held yesterday quarterly
dividend of * per cent was declared on
the common stock and II per cent on
the preferred.
Pennsy's Fine Record.
Not a single passenger out of Ill. oo0oo
carried by the Pennsylvania Railroad
Company in 1918 was killed by a train ac-
cident.
Reports for the last six years show
that almost 600.00o, 900 passengers-a num-
Der equal to more than one-third of the
whole worlds population-have been car
ried by the Pennsylvania Railroad. and
but sixteen of them lost their lives in ac-
cidents to trains; nine were killed in one
accident.
In six years out of approximately $780,
900 trains operated-about 2.2S9 a day
only five have suffered wrecks which
caused the death of any of the passengers
carried on them. Three of these years
were entirely free from train accidents
causing the death of passengers.
Western Maryland Report.
For the siv months ended December 81, |
Last, the Western Maryland Railway COM
pany's operating revenues increased the
goodly sum of s59O,o4016 Offset to this |
is the fact that the total operating ex-
penses for the same period increased |
$40, ,G5, 9f7.S7. The decrease in net revenue |
was s1Ss974s7.
For the month of December the operat- |
ing revenues went ahead just SS9 122 . |
and the net revenue was decreased s., 757-
To- operating expenses also increased, /
the amount being SO, $3.50
The line has been put to considerable |
expense, due to damage done when the |
dam in West Virginia burst and flooded
the roads tracks, causing trains to be |
sent around the damaged section and |
piling up a big bill for repairs.
Report of e. & o.
The Chesapeake and Ohio Railroad re-
ports for the last six months of 1913 as |
follows: 1