The Washington times., 1915-03-01
RAIL ISSUES REACT
ON \. Y. EXCHANGE
~
Stock Trading Becomes Dull.
a But General List Is Above
V Saturdays Closing Prices.

NEW YORK. March 1.-Havins
evinced a tendency at the opening to ad.
vance rather sharply. the stock market
ister became quite dull. and In the rail.
sosd issues reacted slightly. The gen.
eral list. however, was above Saturdays
closing prices.
Canadian Pacific. selling ex-dividend
~ per cent. after showing a small gain
sold OF y Of a point to 1881. New
Haven was quite strong, selling up ~
points to 461l.
The industrials manifested more
strength than did the rails. and held
their gains more stubbornly. General
1eoeoes advanced a full point to 81, and
National Lead was up 1ss points at 81.
The other industrials and specialties
made advances that ranged from small
fractions to y of point.
The United States sells to Canada far
more goods than does Britain. V. Con
zales. foreign trade adviser Of the Ma
ional Association of Manufacturers, in
a special trade bulletin, declares the
Total imports from the United States
into Canada during the last fiscal year
were more than three times as great
- the imports into that country from
Britain. The share Of the United States
VI this import trade. he estimates to
have been 64.5 per cent Of the whole.
This year, however. MIR. Gonzales fig-
ures that lack Of investments will
cign buying as to reduce the trade Of
the United states $60.O00,0OO.
Merchants from the sections Of the
and naval stores now doing their spring
buying In New York are rather pessi-
rnlstic. The best names have to pay.
they say. per cent to raise money on
short time commercial paper; the banks
she; real estate is depressed; whole
sale merchants are having difficulty
collecting their bills. and the retailers
find little activity.
New York's financial district is to
have hospital In its midst. A num-
ber Of lawyers and bankers propose to
found The Broad street Hospital In
the City OF New York which shall do
stitution will be located in an eight
story fireproof building at lO9.lll Broad
'treet. A million dollar endowment is
being sought from the banks and brok-
crage houses In Wall and Broad streets.
Gross earnings on the Pennsylvania
system. East and West. for the month
Of January. amounted to $24.s2S. AS. a
decrease over January. 1914. Of s2.I95
1s6. Total operating expenses were s22.-
9l3,6so, showing a cut from the corre-
spending period last year of S.73S.59.
The net earnings for the month were
- .909,7s4. = decrease Of $1,057 .?56 over
The previous January.
The lines West showed the greatest
decrease i'm gross revenue, amounting to
1.173.10S. The gross operating revenues
on the Western division We're 81, ,764. SOS.
Tho lines East, with 4 gross earning Of
~ ~ @''e''' showed a decrease Of A'sc''-
The report for the Pennsylvania Rail-
road Company for January showed
gross operating revenue OF $l3.6l7.Si9.
n decrease of $l.43i.349. There were
decreases I'm every department of opera
ton excepting in the carrying of the
pals. where an increase Of 81, 100 was
reported. Freight earnings fell OF
s. .lG, ,0S6. Expenses were cut in every
department The net revenue from op-
Grafton was tl.sl4.l59. a decrease or
s2So.e01. Allowing for tax nccruals. the
surplus wss $l.l75.0T.
The Long Island Railroad Company's
report for January. with gross earnings
OF $3.50. 156. shows net income above
taxes of s22.287. decrease from Jan
uary. 1914. of ss.04. There was an In
crease in revenue of $3.45l In the carry
ing of mails. but freight and passenger
incomes fell off.