The Washington herald., 1912-09-28
FINANCE AND REALTY

Securities were generally lower IN
price on the Washington Stock Exchange
yesterday. Business was slack and such
trades as were effected We're at low
prices. as compared with recent sales
For example. Railway per cents sold
at s4i4; Capital Traction. at l23: Wash
ington Railway common. at 90, and the
preferred at 81. Gas was down to 50.
and lower prices were bid for severa,
issues of the local public utilities, with
no sales resulting. Norfolk and Wash
ington Steamboat bonds and Capital
Traction SIS were the only securities
which We're firm at current prices.
Evidences multiply that operations on
the local Stock Exchange have been
much reduced in volume because holders
Of securities and those who otherwise
would buy are in a daze of uncertainty
as to what will be the future Of these
corporations. The local market Is in a
waiting attitude in the attempt to dis
cover what the merger talk amounts to
and what the purposes of the Maryland
Virginia Railway Company really are.
Worth of Washington Securities.
Eugene E. Thompson. compiler Of the
book on Washington securities, published
annually with the sanction of the local
Stock Exchange, has prepared a table
showing the rate OF interest on bonds.
dividends on stocks, and the actual in.
terest yield on the securities listed on
the Washington Stock Exchange.
The percentage OF yield On Capital
Traction on an asked price of 12i is 4a
per cent. Washington Railway common
at 9lis yields 4.37, the preferred, at 81.
yields SO. Georgetown Gas at 155 will
give the investor 1.61 per cent on his In
vestment, while Washington Gas at SIS.
will yield SCI per cent.
Washington and Virginia Railway COM
mon yields 5.T, and the preferred sos
per cent
Capital Traction bonds yield 40 at
Ill. Railway Is at S. yield Az per cent,
Riggs Realty IS. 49,, and AZ, former
short-term and latter long-term issue.
Potomac Electric Light and Power Con-
solidated 5s, at 1o2is, yield 4s3, and the
first mortgage IS. +3I.
Emerson Steam Pump IS, referred to
once as Pumps are good" have been
eliminated.
Value of Miscellaneous Stocks. :.
The following stocks at asking prices
yield: Chapin-Sacks, AS; Greene-Can-
anea. 10: Lanston, 642: Mergenthaler.
6.61 per cent: Norfolk and Washington
stock. 5.T4; Security Storage, 5.3S; East
ern Light and Fuel, b.40.
Fire insurance stocks yield: Arlington,
5:4s: Firemen's. 545: Franklin. 5.Si; Ger
40; National Union, ass,
and Potomac, 4.69 per cent.
American Bank yields: Al; National
Capital. 364; Columbia, 3.T: Commercial.
3.19: District, 4; Farmers and Mechanics,
40 Lincoln. as; Metropolitan, 4G.;
Riggs, 416: Second, Ass: Bank of Wash
ington, 4S4: American Security and
Trust, 3.93: National Savings 222: Union
Trust, 40: United States Trust. 3SS;
Loan and Trust, 2s6; Citi-
zen's 2.ss: Bank Of Commerce. 235;
East Washington. 2.5s: Home Savings
9.s6 and the Union Savings, ass per cent
Referring to the order of the Comp
tro!ler OF the Currency. calling on ma
tional banks TO eliminate excessive
loans and get down within their rights
II is+officially announced that there has
been a reduction from 474 to 2ss in the
number of banks that have excessive
loans outstanding, and that the amount
Of such loans has been reduced from
81. 49,. .o95 to $1.072,511.
This is a reduction Of 81 per cent In
the number. and q per cent In the
amount of overloans.