Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-04-18

nov come IN large amounts TO
The Big Rise.
Never in the history of Wall street
mas there been anything like the sus-
.. tanned rise in Bethlehem stee, com
mon during the past week and the
week before-indeed for sarar., ,no.,s
In 1901. Northern Pacific nreferred
STOCK. Jumped from s134 to $1,000 a
snare IN two hours. but that was the
ao','. OF a Few hours. and stock that
h1siness not De delivered on the days
BUSINESS could not be sold. while the
vance. 'ii"h TIC au
That Northern Pacific furry killed
i1 re pess Dull market the street had
There doesn't seen IN ~ ,,,,o
pl repetition of the situation in Bethle-
neh steel OF anything more serious
man awful losses. great gains and
NUN disappointment on the part of
smaii pusers or the stock. who took
'', NJ pronts around the forties and up.
Inc Bethlehem Steel Companv has
| cne OF the greatest ordnance plants
| IN 5he world. exceeded only by Krupp
| Tr III Germany and the Creusot in
1,.ahce' and in many ways superior to
either OF these.
On the "Jitney."
crane, Paris & Co. is responsible for
'hls ntney" symposium:
na'tih'ore, Md.-About fifty buses in
operation. Principally of the small
tSpe' with seating capacity of nine
persons each. We do not regard tho
;onupeti!lon seriously. as from nresent
, ,,,oa 1t would appear in a large
panie afe na 10 be Improbable. All com
ating a ptes mnh;,s or associations oper-
tia dissertation. are subject to reguIa-
1roiis OF the public service commission
~ ~ ~ the present time the commission
nres ,,,jt1, ADOPTED any regulatory meas
US win respect to the jtneys.
Helena. Mont-We have had o,,r ,
snlsan amount of competition from the
dheo ntneys. which are ordinary
ahnnt s az; automobiles. There are only
ney is not eI snhi in operation .a The jit
punilc utilities commission. but the ait
uaeioh may be changed at any time NV
the legislature. o ~
th Toledo. ohio-During the past winter
t tnere nave been as high as twentv ~
tnese buses trying to onerata hit ~.
IA. Lar we have failed to find sjnpIe nne
a.at mas made expenses. The effec+ IN
no. .!ness mas been so small we can
that Gnrin II "a. at all as yet. It may be
MI ~. ihs the summer months thew
WIN get more business, but we fse, tho.
ne dh-!ear climate of Toledo 10 sncb
1h,s TO oo minimize the competition from
st. Joseph Mo-T
started and after trying tbeir i,,o,, were ere
ness. 'i lack OF busl-
Fort Smith. Ark.-Jitneys began
taken Off in na twn !, !, 1918. and were
lacK or support by the public several
weeks ago a second ATTEMPT was n,.da
w MIN ina lasted but one day. More recent
servine cars have been placed in
belng subsidized by a local Sn.noia,
lot reasons of his own. If iitnav 90
.inue. city regulations will follow hut
the arkansas utility commission has no
jurisdiction. ' AAo
Pueblo. Col.-Several small COR. ,
neen IN operation since January tai.
ing IN total of from $50 TO soA nor
aay. ihey carry some passengers he
Tween Tween, pueblo and Bessemer, an in
not annre supnrp. Their operation has
f earnings , A recent ordinance provides
Tor license fee Of $50 per wear an ins
aemnity bond of $4,000, and that the
Jltneys must not make stops at street
corners, but must stop at the aIlevs
General public sentiment in Pnebio
seems to be very much opposed to the
jitneys. ~ 'he
San Francisco, Gait is estimated
5na tnere r are about 1soo jtneys in
III
small cars to new six-cylinder cars of
the largest type. and the cost to the
street railways is reported to be
ABOUT 1900 a day. A prominent rail-
situation estimates the average cost Of
the service, using small car, fnclud-
ing wages Of one driver per day at
1913, or cents a mile. or 1X cents ner
seat mile mile hguring cents to jitney
as against cost Of seat mile of .0o7 of i
cent for the United Railways Of San
Francisco. 1t is apparent that the lit
ney operators are not figuring their
cost correctly. and do not yet know
that they are losing money. Also thew
are picking the cream Of routes and nm.
der regulations they will be required
to take some of the poorer routes. In
a recent investigation made by the
railroad commission Of California ~
state. they discovered that only eleven
OF the larger railways were affected nv
the 1itney and that up to that time
about month ago, only one line had
changed It's service as result of the
jitney competition, and that was from
seven to a ten minute headway on
certain streets. In a recent visit To a
number Of California cities where lit
neys are operated, an interview with
the drivers of the cars found them "a
a general rule, dissatisfied with their
earnings.
Memphis. Tenn.--About 500 Jitneys
are III opeThtIOII, at an annual cab Ii
cense fee of SIS each. The Tennessee
legislature has just passed a bill. ef-
fective at once. which will have a far
reaching effect on the operation OF
jitneys. if indeed it does not put them
out of business entirely. Each opera
tor must give an indemnity bond of
$4,000 and pay special city license.
which it Is thought will be 81 or a. nor
passenger capacity.
Denver, Cola company made an
plication for license to operate sixty
six buses in this city, but after cara
full consideration city authorities pass
ed an ordinance declaring them a com
mon carrier and as such subject to
franchise by vote Of the people. This
ordinance had an emergency clause
which made it effective at once,
Louisville, Ky: San Antonio, Tex:
Buffalo, N. Y: Salt Lake City, Utah. and
others. have adopted stringent reEula-
and in Tacoma. Wash. It has become
case of jitney against jitney because a
new operator did not Join the associa-
ton. resulting in cars carrying free
passengers in order to run out the
'scab.' To the casual observer even
1t cannot but demonstrate that the
jitney bus has not been a success thus
far and from all Indications a regulated
service cannot prove but a loss to
those who invest in 'jitney securities
"a recent authority quotes the rating
for indemnity bonds on titneys from
800 annual premium for $500 bond.
to $500 premium for $4,000 bond. and
this in itself will give good idea Of how
hazardous risk they are regarded by
the indemnity companies. If the jitney
h,,1 i0 IN M Oh In