The Washington herald., 1911-10-22

chants expect 10 go direct from their
places of business to the dinner.
The committee is promising some novel
stunts. 1t is rumored that this dinner
will have more surprises than any that
has been held in Washington in years.
Chairman Andrews reports that ac-
| ceptanCes are coming in very rapidly,
although the invitations only reached
the merchants yesterday morning. He
has already received a good many re-
quests for seats.
Large Sales Reported.
Yellott & Stubblefeld. real estate
brokers, have just closed the sale of the
property at 1910 Fourteenth street TO
E. ]. Hannah. The consideration is said
to have been $4,000. The building is oc-
cupied by an automobile agency.
The same firm has sold to August H.
Bruehl premises 1903 Seventh street for
$3.50 The purchaser proposes to re-
model the building and use it for busi-
ness purposes.
The sale also is reported of the prop
erty at 171O Seventh street to r. L. Ell
lott for $7OO0. This adjoins Mr.. Elliott S
flour and feed store, and gives him an
additional warehouse for his business.
Mr.. Elliott has also bought from the
same firm a building in the rear of 1903
Seventh street, to be used as a ware
house, the purchase price being 5000
Yellott & Stubblefield also sold a farm
of $50 acres, known as the Magruder
home farm. near Bethesda, to J. w.
Long for $4,000.
Another sale reported is that OF a
seventy -eight-acre tract near Bethesda
to J. Hampton Jones for $500.
A. R. Thompson. attorney at law, has
purchased a home on Hesketh street.
Chevy Chase, Md, at a cost of S1O,5OO.
Two Chevy Chase CMd) lots were sold
by Yellott & Stubblefield, one on Kirke
street 60 by 125 feet in size, for Charles
II. Caldwell. consideration $500, and
one on Newlands street for DR.. A. c.
Patterson, consideration $500
One of the row of houses on Florida
avenue. near Thirteenth street built by
Mr.. King, a builder. TO J. c. Duke for
400
A two-story brick at 22OS F'Iagler place
to Earl f. Stacy. consideration $500.
A 10O-acre farm near Potomac, Md, T.
W. Offutt to w. S. Harlan for $4,000.
An adjoining farm to T. W. Dove for
5000
These make five farms sold by this
firm to outside investors, and indications
are that outside capital is appreciating
fully Maryland farms as investments.
4. c. l.. Statement.
In its earnings statement the Atlantic
Coast Line shows that compared with
1910, cash on hand decreased $120. 465; as
sets decreased 1920, ,2S1; bills and accounts
payable decreased S5OO.OO0; securities
owned increased 500, 423, and profit and
loss surplus increased $37S. .157.
Total assets. 1911, s4S, 1885, 745. as against
SIS, 6O7 O26 in 1910. and S44.491.2S9 in 1909.
Total securities owned. 1911, $47, go, 1855,
as against S47, ,331 in 1910, and s42,9l3,-
500 in 1909
Total porfit and loss surplus. 1911. $22,-
454, ,S3S, as against 81, 2,076.679 in 1910, and
SIS, 1884, ,776 in 1909.
The company's first dividend was de-
clared in 1885. 1t has paid dividends on
its stock without omission for sixteen
years. as follows: 1895, 11-2 per cent;
1896, per cent: 1897. 8 1-2 per cent; 1898, j
4 per cent; 1899, 41-2 per cent; 1900,
per cent; 1901, 41-2 per cent; 1902, 6 1-2
per cent; 19O3 s per cent; 1904. s per cent;
1905, 8 per- cent; 1906, 10 per cent; 1907,
10 per cent; 1908, s per cent: 1909, 9 per
cent; 1910 10 per cent; 1911. 10 per cent.
Dividends are paid in quarterly INSTALL
ments of 1-2 per cent. each. The next
dividend is due in December.
Western Maryland Report.
Last year was not a favorable one
fer traffic movement in the Eastern ter
ritory, yet the Western Maryland Rail-
road showed an increase in gross rev.
enues of $4,000, or II per cent. Coal
revenues fell off Al per cent. while gen.
eral traffic increased 81 per cent. Pas
senger revenues increased 1913 per cent.
- H.. 4 Q
and total tons of freight carried in
creased 3.4 per cent.
Less of Importance attaches to the op-
erations of the road in the past~year
than must be attached to the prospective
developments in the coming year, when |
the company's new eighty-seven-mile |
extension to a connection with the Pitts |
burg and Lake Erie will be opened up |
FOR traffic. The engineers who have been |
delayed by quicksand trouble in the tun- |
nels now expect to have the new line |
ready to turn over to the operating de- |
oartment by January, or nearly two |
months later than earlier expectations |
promised.
In the past year the old mileage has !
lone about all that has been expected |
IF it. 1t earned per cent dividends on |
is preferred stock nearly twice over |
and showed a margin for the common
aQudl 10 UtO pei CcIll Ol LuS SOO,USUUOU
half of which is as yet un-
productive, $25, 900, 600 of the common hav-
ng been issued to finance the cost of
construction of the new line.
{. r. & p. Buys Hopper Cars.
The Richmond, Fredericksburg and Po-
omac Railroad is to purchase fifty steel
topper cars, which will be delivered
within the next three or four months.
Promoted.
Charles D. Young, who has been ap-
Iointed engineer of tests of the Pennsyl-
Iania Railroad, with offices at Altoona,
Pa, was born on May 10. 1873, at Wash
ngton, D. C. He began railway work In
une, 1900, as a special apprentice of the
lines west OF Pittsburg,
md in March, 1908, was made assistant
oundhouse foreman at Columbus, Ohio
rhe following August he was appointed
Machine shop foreman at the same place,
nd from January, 1904, to December of