Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-02-19
ONLY LIGHT TRADING
h IN LOCAL SECURITIES
Washington Gas Was Very Dull,
With Stock Offered at 70, and
a With ~ the Best Bid Made.
Capital Traction Steady at S3N. One
Months Activities Of Richmond
& Banks Collection System

Inc aCI1Slty IN washington OdS
so much in evidence in the closing days
of last week. was entirely absent from
the stock on today's session OF the
Washington Stock Exchange. Just why
the changed conditions was not eVi-
denced, but the demand was not at all
urgent and the price so freely paid on
Saturday rs. was entirely too high for
buyers The bid on the call was ~ and
the asking price IS, but a sale OF ten
shares, the only one made, at ia, suS-
Gested that quotation lots might have
been purchased under the asked price
4 fair business was transacted IN
Capital Fraction AZ Sc /. with one small
sale early at s3Hs. Other stocks were
entirely nominal The bid price FOR
Lanston, ex-dividend, was III; the
asking, "A.
Trade in the bond list was rather
slow, the only issues in which there
were sales being Capital Traction SIS
and Washington Gas SIS. both being
considered as the leaders of the local
bond list Usually they sell on about
an equal basis but today the FORMER
sold at loo to los u and the latter at
1o1, difference that is apparently in
applicable
Richmond Regional Collections.
During the period between January
i6 and February Is, both dates inclu-
sive. the fifth regional bank of the fed
eral reserve system. located at Rich
mond. made collections of checks for
member banks and for banks in other
regional districts aggregating $780,
e49,30O. In all 409,731 items were col
lected. the daily average number be-
ing 1876 and the daily average
amount cleared S7.S13.435.
The average cost of collection OF
these checks running nearly S2OO,O0o,ooO
was 2.5s cents per $1,000
Checks were cleared free in Rich
mond. where s54.069.400 was collected;
ass cents per $1,000 when within the
NTH district. but outside of Richmond.
and 94-100 of cent per $1,000 when
sent to other federal reserve regional
banks for collection.
A total of s56.363.200 of business of
this character was cleared through the
Richmond regional. The cost OF col
lection is admittedly low on all the
various classes of collections, and the
totals indicate that the reserve clear
Lackawanna Steel Earnings.
The Lackawanna steel Company dur
s1s.oso.s5s. as compared with s5.s77.47o
in 1915. and s1.5s1.37s in 1914.
The surplus at the close of the year
was s122lS234, equal to 34.s1 per cent
on the common stock outstanding, COM
pared with a surplus of 20.66 per cent
on the common stock in 1915. In 1914
there was a deficit in the surplus &C.
count of S1.652.44o.
Chesapeake and Ohio Earnings.
The earnings of the Chesapeake and
Ohio Railroad Company for the year
1916, s49.s34.312: the net operating
revenue. s17,135. s36. as compared with
$14.5s2,215 in 1914.
Net income was 1885, 1872. as COM
pared with s5,o92,021 in 1915, and the
surplus $6.411,030. as compared with
S5,092,021 in 1915.
3D. Washington Gas Election.
The board of directors of the Washing
ton Gas Company met this afternoon and
organized as follows:
Howard S. Reside. president; William
B. orme, secretary; George NJ. Whitwell,
assistant secretary; Lawrence Townsend
treasurer Rawlins Hume assistant treas
urer; Sanford n. Whitwell. general au-
ditor; Vary & Whitman, counsel, and j..
J. Darlington, consulting counsel.
William B. Orme was appointed pur-
chasing agent and George NJ. Whitwell,
assistant purchasing agent