The Washington times., 1916-11-05
Amounts.

Proximity of the pending Presidential
election, while II has enlivened interest
on the New York Stock and Curb mar
kets through the most brisk betting
that has marked any election .in the
oountry's history, has failed to exert
on general business the customary check
to industry that In the past has pre-
ceded the elimination OF a national
campaign.
Trade reports say that the momen-
tum of the business movement has not
been perceptibly reduced either by the
approach of the election or the persist
emit rise of prices. On the contrary
Dun's Review states that activity con-
tinues undated and. despite the fact
and in many cases rapidly, demands
are sustained in great volume.
Several fsctors have combined during
the past week to cause rather sharp
ffuctuation in security prices on the
principal stock markets. In addition
to the fact that the national campaign
10 approaching its close, another trans
Atlantic steamer with Americans on
board was sunk under conditions sug-
gesting at one time the possibility OF a
renewal of the submarine controversy
with Germany; another large loan for
Great Britain was successfully offered
In this country; the United States Steel
Corporation announced the declaration
OF a second extra dividend of per cent
and published another favorable report
Of quarterly earnings, and additional
importations of gold were made on a
large scale.
A further evidence of the prosperous
condition of the country Is revealed In
the condition Of the banks.
Complete results OF the compilation
OF reports OF the national banks as OF
the last call. September II. announced
by the Comptroller of the Currency.
shows large gains in all departments.
Especially noteworthy are the increases
in deposits and resources OF the coun-
The total resources of all banks
amounted to 14,411 million dollars, an
increase since the June 30 call of 4S5
million dollars, exceeding by PIG million
dollars the greatest resources ever
May 1. 1916. AS compared with the call
OF September 2. 1915, the increase was
2.14 million dollars.
The total deposits amounted to II,
9e2 million. dollars, an increase since
exceeded by 227 millions the deposits of
May /. 1915, which also were the largest
deposits ever reported by the national
banks. The increase, as compared with
September 2, 1915, was 2,1SS million dol
lars.
Reports from la out OF 1856 railways
whose revenues exceed $1,000, 900. issued
by the Interstate Commerce Commission
show that their net revenue from rail-
way operations ran up to $246. 56S. 256.
an Increase of more than $40, 900 over
the previous September.
A complete report for July shows that
all the roads of $1,000 900 revenue or
more had a net revenue from rail-
way operations OF $107, SIS. OO5. a so. 900 0OO
In the not distant past the RAILROADS. Of
the country played an important part In
Influencing the result OF elections, par
ticularly national elections. An adverse
public opinion. built up largely because
OF this active participation OF the trans
portation companies In politics, has
caused a change In policy. Today the
railroads are combining their interest In
elections principally to State campaigns
whore they are deeply concerned with
taxation questions.
The Southern Pacific Company says in
It's November bulletin that II takes an
interest In the various elections In the
states II traverses. but that II II not in
politics. Outlining It's position, the COM