Evening star., 1915-06-25
W.. B. & A. Earnings.

Turing the month of May the Wash
ington, Baltimore and Annapolis Elec-
trie Railway Company sustained loss
IN net income of s4.163.02, as compared
with the net income for the same
month in 1914
Gross earnings in May were s73,-
613.41, as against sTS,S29.S3, while op-
Grating expenses were S39.S71.77. a net
saving of but s36223, as compared with
the expenses for the same month in
1914
The statement for the five months
of the fiscal year ending with May
SHOWS gross earnings of S327, ,076.26, a
gam OF sl1.1sS-41 over the gross earn
lngS OF the same months in the last
year Operating expenes also increased
Ss.i13S4 Net revenues for the five
months were s132.234.32. an increase of
s3.o63.63 as compared with the net for
the same months in 1914. Net income
for five months totaled s20,6s2.97.
Officials ascribe the loss in gross
during May to the unreasonable wealth
er retardins traffic between the two
prlneipai points on the line-Wash-
lnSton and Baltimore The competi-
ton of automobiles is not recognized
as factor
The stock of this corporation is listed
on the Washington Stock Exchange
months. Cleveland being about the only
place where the shares are occasion
ally bought and sold
Ten-Day Loans.
The federal reserve board has put
INTO effect drastic change in methods
OF doing business at St Louis, Boston.
Philadelphia, San Francisco and New
YORK, making it possible for the
regional banks located at the cities
named to make loans for a period of
why the reserve bank at Chicago was
eliminated from the list was not
stated.
IL is expected that the ten-day loans
VIII De useful in assisting crop move
ment, and Chicago is close to New
York in this respect
urther action on the same lines by
the reserve board, with lowering rates
as maturity of discounts is shortened,
would suggest competition on the part
OF the regional banks In active se
curlty trading centers with the call
money markets
Furthermore the ten-day loans will
facliftate the maintenance Of balances
between banks pending receipts on
transfers against collections passing
through the regional collection system
LnQuestionahly the reserve boa
hopes to make the collection system
popular by its action.
Treasury Condition.
The condition of the United States
Treasury at the close of business yes-
terday was:
Net balance in general fund, sso.1so
e5e.
Total receipts, s3.s51.133.
Total payments, s219So74
The deficit this fiscal year is ss7.-
.25.205. against deficit of s1s,520146
last year. exclusive of Panama canal
and public debt transactions.
Union Pacific Earnings.
The gross earnings of the Union Pa
cifc system for the month of May were
ss.5siie0. decrease of s253.S63, as
compared with the gross earnings of
May. 1914. The net earnings showed
a decrease. after taxes. of s226.s5
For the eleven months Of the fiscal
year The great system earned s79,631,-
2ss gross. a loss of s5.1s3.s47. as COM
pared with the same months in the pre-
rious fiscal year.
A decrease in operating expenses of
S3.022. .19I enabled the road to complete
the eleven months with net loss of
sl,712.32s. as compared with the same
months OF the previous fiscal year.
The greatest loss in revenue was
rom freight, during the eleven months
while in May the exposition coast traf-
itc made the passenger earnings but
s523.240 less than for the same month
last year