Evening star., 1908-01-20
LOCAL FINANCIAL NEWS.

The annual election Of the washing
ton Railway Company Saturday-or
| rather the result In securing the choice
| by vote Of $4,000 shares OF stock out
Of possible 143,e80. Of what is known
as the local board-was naturally the
main topic OF conversation at the meet
ing today Of the stock exchange. Tht
overwhelming Endorsement OF the ticket
as indicated by the fact that no other
names were voted, seemed to indicate
very clearly that a majority Of the stock
holders who are residents Of this city, al
well as those who live elsewhere. were
agreed in believing that the men elected
are going to manage the property TOT tns
best Interests Of the holders OF the stock
Mr.. Norment, who is now the executive
that he was Saturday made chairman o,
the executive committee and also hrst
vice president, was the only representa-
| tive of the new management on mana
which were hurled at him In the fashion
characteristic on the exchange, he an
nounced that the frst appointment mace
| by him was that Of Mr.. Fraser. VINO la
also a member Of the exchange. as motor
man.,
Mr. Woodruff at once applied for the
position Of conductor on the car to oe
operated by Uncle Dan," expressing the
| conviction that between them they could
make II a better thing than the brokerage
| business.
The real feeling, however. was that q
new era had been entered upon by this
| system and that 1t will be better prop
erty. now that 1t IL to be exclusively man
stock, that of course. meaning also care
for the interests OF the public.
There was very little indication In the
course OF the trading to show that fav-
-L4 r. = xrlx L. To- HtSo oo
of this property. for lower figures were
entered opposite the bonds Of the COM
pany, and some Of the preferred stock
sold down to 80. AS usual Of late days.
nothing was done with the company. in
the common stock.
For some reason quite a good deal Of
the stock Of the Capital Traction Com
panny was for sale and in marketing it low
er leveles were reached that have been re-
corded in this security In seevral years.
The stock sold as low as 121. and at the
close the asking price was 122. and the
There was no explanation for this sell
ing on declining scale OF some hun
dred odd shares, but there has been a
notion all along that Capital Traction
stock would find a lower level. especially
before any actual negotiations were be-
gun looking toward the merging Of the
two street railway systems Of the city.
II is not supposed that such a transac-
tion is in the range of the probabilities, at
least for the near future. so that Alch q
movement as took place today is from
that point OF view highly anticipatory.
meeting Of the stockholders Of the
Dime Savings Bank IL to be held to take
action on the recommendation of the
directors to increase the capital stock OF
the bank from $4,000 to $l00,
The stockholders OF the American Sc
curtiy and Trust Company today elected
the following as directors. the only
change made being the selection OF How
ard S. Reeside to All the vacancy caused
by the death OF Henry Wells: Milton F.
Allies. Charles ]. Bell. Henry F. Blount.
John C. Boyd, Samuel 8. Burdett, Albert
Carry. William NJ. Coates. Robert Dor
nan. George T. Dunlop. James E. Fitch.
William J. Flather. Henry H. Flather.
Daniel Fraser. James NJ. Green. John E.
Herrell, George r. Hun. Henry Hurt,
John A. Kasson John r. Mclean. Clar-
ence F. Norment. Crosby g. Noyes. Myron
M. Parker. Joseph Paul. Albert NJ. Read.
Howard s. Reeside. Ward Thoron. Frank
A. vanderlip. John r. wilkins, Henry
A. Willard and Joseph Wright.