The Washington herald., 1911-11-02
FINANCE And REALTY

Stocks were almost forgotten yester-
day, and 1t was a field day for bonds on
the local stock exchange. Contrary to
expectations, dealings in the rights for
the proposed new issue of Capital Trac-
ton bonds did not prove a great feature.
It was the first day stockholders had a
chance to offer them but there was no
wild rush and a good deal Of caution was
displayed in getting at values. No trans
actions were registered at the regular
call. Bidding rose and fell between and
9, closing during call at S1-2 with 93-4
asked. After call the bidders and hold
ers got together and rights to five $1,000
bonds were sold at 8. Two lots Of the
existing issue of the bonds sold at 100 3-4
and 1101-4 There was no attempt to
place the stock on the trade record.
Other bonds f1gurinf IN the selling were
Gas, at 1101 IA; Ra" Ay As, at Sc; Con-
solidated IS, at 1O1 s-S; Steamboat IS, at
104 Telephone 5s, at los, and Potomac
Electric, IS, at 100 1-2.
Railway preferred, at 80, and Mercy, at
81 to 23o1- were the only stocks to
figure in the trading.
Confer with Comptroller.
The legislative committee of the Dis
trict Bankers Association, which ex-
poets to be very active in proposing and
supporting remedial banking legislation
for the District this winter, called on
Comptroller Of the Currency Murray yes
terday to discuss certain proposed
changes. The legislative programme of
the committee has not been definitely
mapped out. The next meeting of the
association will find a report ready, tell
ing what the committee believes the as
,nfof fN1 t. ~
Virginia Corporation Tax.
A statement issued recently shows that
the Virginia Railway Com
pany was one of the heaviest contributors
to the corporation fund of the Virginia
State treasury last fiscal year. The
Washington-Virginia company turned in
4.76S.S9. in addition to which the old
Washington. Alexandria and Mount Yer
non Railway Company, now a subsidiary
line. paid Sl,O45.7S into the State Golfers
The largest tax received by the State
was from the Southern Railway, S46.
O53.2T. The total received from railroads
under the corporation tax law will
amount to something over S237,
Want Policy Continued.
continuation Of the 1911 policy of the
Board of Trade in regard to parks and
parkings OF the District is requested in
the annual report of the committee on
parks and reservations, which will be
submitted to President Harries this
month The following points summarize
the recommendations of the committee:
An appropriation during the next ses-
sion OF Congress of $4,000 to commence
the work OF the improvement of Rock
Creek according to the plans furnished
by the Engineer Commissioner April Il,
1908, and transmitted to Congress.
An adequate appropriation for the de-
velopment of Potomac Park, regard be-
ing had to the progress already made.
Ample appropriation to insure rapid
progress in the work Of the reclamation
Of the Anacostia flats.
The committee renews its recommen-
dation for the purchase of all the land
not already owned by the government
between Pennsylvania avenue and the
Mall.
No abatement of effort to secure the
carrying out Of the Mcmillan plan OF
parking for the suburban portions Of the
District.