Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-07-28
ADV AN CED IN PRICE,
RECENT BALTIMORE QUOTATIONS
OF LOCAL RAILWAY BONDS.
Demand for City and Suburban and
Anacostia securities-Gossip Re
garding the Cause.

Some interest Is aroused among the
brokers In the Washington stock exchange
by the apparent demand that exists in Bal
tinore for the bonds of the City and Sub
urban and Anacostia and Potomac Street
Railway Company. For several days past
small blocks of these bonds have been
dealt in on the stock exchange of Bal
timere and at prices ranging from 102 to
1oi When it is considered that some
months ago City and Suburban bonds were
quoted at 50, and there was practically no
market for the bonds of the Anacostia
road this change becomes the more sig
nihcant. AT any rate it has led to con-
siderable gossip In local financial circles
and also to the launching forth of some
theories.
As these properties are controlled by the
same interests as control the Washington
street Railway Company, the conjectures
have naturally had largely to do with the
probable policy of that organization.
Perhaps the most probable of the stories IN
clrcula ton is to the effect that il is the
purpose to bring these two corporations
into the main company. At present as is
we'll known. the Washington Railway Com
pany consists only of the Metropolitan, the
Columbia and the Great Falls Comma MES
as the plan of consolidation recently carried
out included only these three. leaving the
other railroad as well as electric lighting
corporations in the District controlled by
the same interests to operate as heretofore
as independent companies
In the Company Plans.
II is also understood that it has been and
is now the purpose of the mana cement to
include these companies and make them an
integral part of the parent company but
it is said that this part of the plan is not to
be carried out at the present time. In fact
no definite date for future consolida ton has
been announced, and 1t Is claimed it has not
been determined upon.
In view of these circumstances the con-
Clusion is reached by some that the en-
HANGED values of the City and Suburban
and the Anacostia and Potomac bonds in
the Baltimore stock market may be looked
upon as due to the improvement Of the
financial condition and prospects of the
main company. Il Is generally known that
the economies in management and opera
ton that have been enforced during the
past year have resulted in a large reduc-
ton of the operating expenses. In addition
the receipts have increased so that the earn
ing capacity of the company shows a mark
ed betterment during the last year as COM
pared with the corresponding twelve
months preceding.
Some curiosity has also been aroused In
LEGAL financial circles by the sale during the
past week on the local exchange of about
SlJO0OO worth of the 5 per cent bonds of
the Metropolitan company. If. as is con-
jectured by some these bonds were the
property of the syndics<a then, it is thought
this method was adopted Of providing the
funds which will be needed to build the ex-
tension of the Connecticut avenue line from
Columbia road and 18th street to Park
avenue and 10th street. Including the cost
of paving, nearly half the roadway. which
is a charge upon the railroad company, it
is eStimat ted that this work will cost the
company over S1290G0.