Evening star., 1925-01-27
DROP OF S4,O48,8(6
IN B. & 0. 1924 NET
Improvement Noted in Last
Month of Year-0ther
Financial Notes.

Net railway operating income Of
the Baltimore and Ohio for 1924
shows a decrease of S4.O4SSO6 under
1923 to total of S3S,OS423i and a
drop Of S31,275,640 in railway operat-
ing revenues to 1924. 1918. 795. Railway
operating expenses for the year were
cut to $2657l,32S. Improvement was
noted III December, net operating in
come had increased $2,325,774 over
December, 1898.
Fewer Surplus Freight Cars.
With loading Of revenue freight the
heaviest for this season of the year
on record, marked decrease in the
number of surplus freight cars i'm
good repair and ready for service is
reported by the American Hallway
Association. Glass ! railroads on Jan
uary IA had 255,967 surplus freight
cars, according to these reports a de-
crease of "a $50 under the number re-
ported on January 7. Surplus coal
cars in good repair on January IA
totaled 90 S29. decrease Of 14,158
within a week while surplus box cars
in good repair totaled 2,4O1, a de-
crease of S,51S during the same pc
rod.
I45.174 Pcnnsy Stockholders.
Stockholders of the Pennsylvania
j L
decrease of 1926 during December,
but $40 over January L. 1924 In
November the list decreased 40
Record point was on November J.
1924. at 146,440 Average holding,
January l. 1925, was 68.78, against
6S.2l December ] and 1923 on
January J. 1929. The 145174 stock
holders compare with 144,22S January
!, 1924, and 137,429 January !, 1923.
McQuadc TO Give Lecture.
E. J. McQuade, vice president Of
the Liberty National Bank. will lee
ture to the banking fundamentals
class Of Washington Chapter, Amerf-
can institute Of Banking. on Thurs
day evening. his subject being, The
Federal Reserve System"
Nude Committee Member.
Lawrence a. Slaughter, vice presi-
dent of the Commercial National
Bank, has been appointed a mer77b her
of the District Clearing House Asso-
citation committee on Improbable ac-
counts. 70 fill the vacancy created bv
the withdrawal OF Thomas F. Kane.
formerly vice president of the Dis
trict National Bank John Poole.
president of the FederaI-American
| National Bank, is chairman Of the
committee.
Trade Figures Little Changed.
Classification of the foreign trade
OF the United States for 924 indicated
very Few changes in the Droportion-
ate standing of commodities entering
INTO the figures. as compared with
the previous years.
Although the total exports in
creased materially as comma red with
1928, Commerce Department statis-
tics made public today showed the
percentage of raw materials 10 the
total was almost the same Manu-
1actured goods constituted 80 per
cent of the total exports in 1928. and
80 per cent in 1924
Shipments of raw foodstuffs showed
the greatest prOportiouate change.
since in 1924 they were valued at
s592, $4,000. or per cent of the total.
Whlle IN 1923 they We're $25147S. O0a.
or per cent OF the total At the
same time the country's imports OF
foodstuffs increased, and in 1924 the
value of such raw commodities i'm
ported was S424.S16,000, or 10 per
cent of the total, against S363.032. 900.
or = per cent. the year before.
a summary of business and finan-
/ clal conditions throughout the conn
Try made public by the Federal Re-
serve Board, indicates a continuance
| and growth of the healthy prosperity.
production and unemployment during
December continued to Increase. and
wholesale prices advanced to the
highest level of the year Railroad
shipments were larger than a year
ago.