Evening star., 1924-01-28
PRICES HOLD FIRM j..
IN LOCAL MARKET
Hallway Common Stronger in
Today's Trading-B. & o.
Reports Larger Earnings.

irlccS again held firm on tho Wash
ington Stool; Exchange this morn,nr
with the drop expected by some
hhanriai mon on tho part nf stock rr
inc Norfolk and Washington steam
hoat Company. due to the destrucrtn,,
pF IRE of the steamer Midland 81.
urdaE night falling 10 lnatcrialjzc. II
was pointed ou' that the AIidl4ra.s
rate would in 10 way impair ,be
, schedule Of the Norfolk ana Washir,r-
Ton as she was an extra boat. ne
SIDES the comDauys financial coma
ton is healthy, there being ~ !,
oehtodh"ss aside from the stoe, ire,..
n 5,ali wa common WAS stronger a.
s}ig.hii,..' Sic i'5.' J., -; "Ith the preferred Issue
,siiIth..E Deter At 753s. capital Trac-
''''' vas unchanged at 96@.
Ne" S4.0o0,0OO Bond Offering
Alexander Brown a. Sons of paf,i-
EEI"rr and j. r. Rollins & Sou ~
'eu l"hdN Stho00Op Or the MARYLAND
u. itatINa%s Company first ana
I.,r,,g,E ",..a,E - per cent bonds. due
'dr4afN !. 1857. at loo and INTEREST
This company is q c,,nsaIfl.,,i,,,9
merger Of the prIncfuaI sIILsi,jTsr;
or IL" United RAILWAYS ANA TriGI.t,i
IIoIi4pdhN q Baltimore, which does
tie ehure street railway bIsiness i,
/ and around the rfty rf RaI:in.or,
600 tA!'oI- SV".
The bonds VIII be secured i, !,
hrst ana only mortgage uu Il porf fn,.
"I the company : properties and . d.
rect mortgage on the balance. euh-
Jecl only 10 S5.JO5.OOG divisional jAu.
! me company viii oWn p-opcrVc o.
, win an estimated reproduction vain.
OF about Sl9,3ha.4CG. With u funded
! debt Of $3,5G5, 900. including this is
guaranteed, principal and interest. p.
endorsement BY The United RailnaE-
and Electric COMPANY "f Baltimore
North American Reports.
The North American Company rr
ports that subsidiaries electric nQ1
put for IN" Hsrlf year Of 1873 was
- l%.I9l,l%J kiIUWltt hours win
5aS.259 customers. us compared t.
543,N5S,155 kii"watt hours and AS
3l5 customers The previous year. This
Is gain over 1922 of 81 per cent
IN electric output and - per cent il.
the number az customers.
These figures. il is pointed out.
show that about per cent Of th..
total central stations electric High;
Shh power. other than hydro electric
FURNISHED 10 consumers in the Enited
states, IS now supplied by subsidiaries
"i IN" North American Company.
Wh!ch include the Cleveland Electric
Illuminating Company, Union Electro
I-lSht ana Power Company Of s.
Louis. and the Milwaukee Electric
railway aud Light Company.
Estimated sales Of All central sta
nonS ~ ths United States. Other than
nEdro-"iectric. in 1928. amounted t.
if,"V"."rV.nh9 kilOwact hours. Outpu-
oJ nEdro-electrlc plants brought this
TOTAL /" Gf.""n, 100000 kilow1tt hours
H. n q. Earnings show Gains.
Net railway operating income Q.
ne Baltimore and Ohio Railroad
"inpanH IN l+25 amounted to S42
l@",1oh, a3 increase Of SlN.3gS.1.l
over the s22.1i5, 600 reported for 1922
An increase "f 254.7II. 30 in ran
Way Operating revenues uRludinz 8
Jump Of $f9.n2l.%7I in income from
ilt!&hi. - primarily responsible for
Tn" Increased earnings.
Railway operating expenses amount
eu 70 SlA9.323.a6I. an Increase of $Gi-
"u-.9hb over the prev iuu> year. mainIl
char@eahle - maintenance of equip
ment and {" transportation IpoGur-
lionS during The wear amounted fu.
$l4,l"1.%it. an Increase of $2.g50. bob.
account ot Increased railway tax az
CTualS.
In December last the carrier had q
ret operating income Of $6G%.6g5 =
decrease Of Sf.534.SGl over III. corre-
spending month Of 1922. Railway op-
Grating revenues fell of to the en-
tent Of S3.>l%.S52, White expenses for
til' same month gained Sl1A,V23. An
increase 0f $742,l64 in railway tax
dICrUalS caused a corresponding iu-
crease Of S5U1.9S6 in deductions TO-
the month.
Personal Mention.
William j.. Hoover. president Of til.
National Savings and Trust Compauy.
auG Frank L. Stctson, trust officer Of
tne same institution. and William W
SpaIC. partner of W. T. Hibbs, arr
SpendinS week golting at AU-
gusta. Ga.
Il. Golden Donaldson. president oE
III" commercial National Bank. VIII
begin a two-moHth vacation at Palm
Beach. Fla. on Thursday OF this weck