Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-24
LOCAL FINANCIAL NEWS.

The rather sensational buying Of Gas
stock at the meeting Of the stock exchange
today, as well as the Offering from the
same source whence the buying came of
the bonds OF the company at new low
levels, served to center the interest Of the
meeting In the securities Of that company.
OF course the obvious and. In fact. the only
explanation OF the revival in the activity
In this stock was the well-tried and often
heard surmise that at last the company
was really going to do something in the
way Of an extra dividend. An increase In
eepted theory as to what is going to be
done.
There was q good deal Of animation
shown in the trading in the bond list. which
is not unusual. as the 8 per cent bonds Of
the Capital Traction Company are In that
class and Dn today a. II frsausntIy hap
the bonds at an eighth Of q point less than
the asking price.
Today the bonds sold on range Of from
The bonds Of the Washington Railway
and Electric Company made new high re-
close the bid was SsA. The June coupon
on this bond. amounting to 81, will be due
the hrst OF the coming month.
company advanced to 70. which was the
asking price yesterday. There was no stock
for sale at less than 80.
When Mr. John Joy Edison returns next
month from q trip to Europe he will find
some changes made in the banking room of
which will facilitate the business of the
company and provide better accommodation
Tor the customers. Some time ago It was
found the business had outgrown the space
that was available on the first floor. and the
plan now being carried out is the removal
OF the entire force Of bookkeepers to the
moor above.
What Is known as the telautograph, or
sen-wrfttng telegraph, has been introduced.
connecting each bookkeeper with the tellers
balance OF any particular customer is want
ed the teller writes his question on a mad
tnat is before him. and touches an electric
bell. which calls the attention of the book
keeper on the upper floor who looks AT a
similar pad at his elbow and there reads
the message which has that minute been
written by the employe on the door be-
Through inadvertence the statement ap-
capital stock Of the Old Dominion and
Great Falls Electric Railway Company is
*z.oooo0o What was intended to be said
ton. 1t Is claimed for the manaRement OF
this road that its entire cost Is represented
IN its capital stock as no bonds have been
issued. 1t Is not asserted that the road up
lars, but 1t is said the expenditures have
now almost reached that sum.
The stock has never been sold. but II has
all been taken mainly by Senator Ellkins
and John R Mclean, the projectors of the
enterprise As the money was needed for
the construction Of the road they furnished
1t and took in exchange the stock Of the
company. II Is now claimed during the
seven months Of the first year Of its opera
ton the net earnings amounted to over 2
per cent upon its capitalization and that
the prospects are that at the close of he
current year the net earnings win be much
greater.
1t is suggested that II q management Is
sought for on behalf OF any of the street
railway systems In this city that such q
record might properly direct attention
toward Senator Elkins and Mr.. Mclean.
Today's Government Receipts.
National bank notes received today for re-
demptfon. $500, 1871; government receipts
from internal revenue, $179,811: customs,
Il O2Q 167: miscellaneous. $50 TAO: exnendi.