The Washington herald., 1907-12-12
RAILWAYS TAKE Dip
Prices on Local UtilitySbareS
Reach Low Levels.
TRADE ACTIVE IN EXCHANGE
Selling OF Stock on Declining Prices
Revive RumOrs About Change in
Management of Street Railroad
Lines-OmciaIs Are Very Reticent.
Savings Bank Elects Officers.

More life was manifested in the Wash
ington Stock Exchange yesterday than at
any time since the money furry began to
affect business there about five weeks
ago. In the first place. there was a good
volume of business. amounting TO S25.500
in bonds. and 2a5 shares Of stock. Then
the trading was confined largely to the
bonds and stock OF the two local rail
way systems, and this trading was of a
character to set the tongues of brokers
and financiers wagging upon the rumors
OF changes in the management OF these
corporations that have been current for
many months. Finally. the railway stocks
sold at low levels for recent days. while
the bonds were firm. especially those of
the new issue of the Capital Traction SIS
The accumulation OF Washington Rail
way and Electric preferred. which has
been going on quietly for some time. re-
ceived the addition of 100 shares yester-
day, all OF which sold al ss4 a share.
There was low bid on the common
stock OF the company. which failed to
bring out the stock. and even the offered
price was scaled down little to meet f..
New interest attached TO the movement
Of preferred stock by the bid Of SIS for
proxies on $500 shares and the raising of
this bid to $50.
Capital Traction Weak.
The weakness which developed in Cant
tai Traction stock yesterday. the price
falling full point on sales and about
three points from sales OF the stock
recently made is partially explained
when IL is stated that the stock sold yes
terday was on the ex-dividend basis. as
the understanding was that II was not 20,
be delivered until after the opening OF the
books. now closed. 10 determine the hold
ers Of record
The most common form OF the rumors
connected with the two local railway
systems is that negotiations are in prog
ress 10 unite the systems under one
management. While this statement has
been frequently made. persons in a DO
sition to know the fscts either DENY tho
truth of the story or meet fl with eva
sions. II has never been possible tip 10
this time. to obtain a statement for pub-
ication which would affirm or deny the
truth OF the story about the proposed
consolidation II negotiations looking IN
that end are in progress. as some saw.
the secret is well kept. and no intin,atIon
OF a public nature has been made along
that line.
Nay Reorganize Corporation.
Another rumor is 10 the effect that
there viii be a reorganization of the
Washington Railway and Electric Com
pany. with perhaps a separation of the
railroad and electric lighting interests.
and new deal on around in the man
agement Of that corporation. Here too
persons in a position 10 know the facts
are exceedingly reticent. and what may
be going on III that direction has not rs
yet become known beyond the rooms of
directors and others closely connected
with the internal affairs Of the company.
AZ meeting Of the stockholders Of the
Potomac Savings Bank. of Georgetown.
the old board of directors was reelected.
and yesterday the directors met and
selected their officers for the ensuing
year. No changes occurred. except 70
fill vacancies I'm both boards caused by
the resignation OF George BoeteIer.
The directors elected are Samuel ArtZ
Alphonse NJ. Baer. George Freeman.
William w. Anderson. John W. Boglev.
Bernard T Janney, George ". Offutr.
George W Ray, Henry ]. Offutt. J. VIII
lam Stohlman. Edward /. Schneider.
Isaac F. Shoemaker, Joseph G. Waters.
F. Baker Weaver. and Jesse H. Wilson.
The officers elected are Joseph G.
Waters. president; George Warren Onutt.
vice president; Henry W. O6utt. treas
urer; John W. Bogley. secretary; William
d. Green, cashier. and b. 4. BOwles and
Frank Le =. Smoot. teIIers.