The Washington times., 1912-12-31
LOCAL EXCHANGE
HAS BUSY SESSION
ON HOLIDAY. EVE
Bond Sales Total $l6,500,
and Accumulated Orders
Are Filled.

Ono Of the prominent members OF
the Washington Stock Exchange, who
has been absent for the past few days,
testifying in the insurance investiya.
ton, was on the floor again today and
his presence contributed to the good
volume Of business which was trans
acted. mainly after the call. a mum.
Der Of accumulated orders were fliIea; ~ sa,
OF this amount $4,000 Of washington
buyer % Wilmington Ga. IS scla at ioex
on call but i,o had to Ss ps,d for !So S
ssock 81 i1e% soId al ss and and the bid and asked
price was narrowed down TO S6lrS65s.
Only twenty shares Of Railway common
were obtained on bidding for this stock.
The price was Is.
lowing to tho cost Of all materials
we are compelled to return" to the for
mer price Of gas. II the way a state.
nlent received today BY customers OF
Hills rendered January 30 will bear the
increased price.
The board Of directors Of the WASH
ington Loan and Trust Company np ,tDa To-Day DAY
Home Tor AGED Men. the philanthropy
company under the personal direction
Of President John Joy Edison. The
rSw Tha T ss,dns Ss and
ganixation Of the newest charity IN the
Capital, 10 one of the most interesting
pieces OF work ever done by trust
About 100000 was left by the late
Henry Dickson in the hands Of the
company. with the general instruction:
that q home for aged men to be named
In memory of his .saa fstner He De Cuitt y. anu M
endowment fund. This will be turned
over to q board OF trustees soon to be
selected. and the trust of the company
will have been discharged: AZ indicat-
Edison has given the trust. DE Travelled
extensively. visiting similar Institutions
In other cities all over the country be-
fore permitting the architect to frame
his plans; He is now &c sony.neeG Ss., that sSs
country. and has been erected at
proportionately lower cost than others.
The ground upon which the building
stands has more than doubled In value
for the building site. II is about three
blocks south Of the end Of the Four.
teenth street car line.
J. selwin TAFT. president Of the WASH
inRton and Southern Bank. has been
i've on monetary legislation. by George
p. Caldwell. Of Chicago. president Of
the eMSsra f Ss
committee are John N. Nelson, Of Nell
son. Cook 4 Co. Baltimore. chairman:
II. M. Blackner. president OF the In
W.asr yse s nresSen' n the Wr
ney Central Trust and Savings Bank.
pres,dtn. Of the Wisconsin Trust Com:
psnEy; Milwaukee, TaIaSsI,b,, !, tho c,s,,o,
is limited to those who become mem
bers up to today. The membership is
now about 100.
%ns FePSrss %sas 20 inc
condition Of 1870 national banks In the
United States at the close Of business
on TSssday NOyem6er ssi ,s has been been
amount y: :o6s. .es2.o2s Is in loans and dis
amounts to Sl.oa5. .os3. $50: surplus fund.
@7ol.s99.SSS. and undivided profits: less
ssgsG%.ss oSger%. 'pS sS, tass. ssa 4ss S.HK *
Ing houses. furniture and fixtures Of the
national banks OF the country repre-
sent q total Investment Of $245. .796, 500.
| Individual deposits to the amount Of
gain Of ss2.ssi. .oso over the deposits
shown In the statement Of the last call,
September 1. A compared with the last
stateplent loans also increased over
lS.000.000
OF considerable interest In local finan.
cial circles 10 the reorganisatiOn Of the
United Cigar stores. which, after hav.
ing been delayed for a long time. 10 nov
old corporation were filed in Albany. N
Y, Saturday.
All the outstanding stock of the old
| corporation has been turned in to the
SS1mpans Th'es has bs. Ave stores H.
said to be doing a fiourishing business
| Thus the old stock Of the Corporation
| of the United Cigar stores Is now own
ed by the United Cigar Stores Compan,
the plan outlined In the circular OF
July Is last have been nut into effect.
The new company owns all OF ths
operating companies and every share Of
the stock Of all the realty companies
will. brands. leaseholds and lNlses Of
the old corporation.
The stockholders of the Bell Tele
phone Company OF Pennsylvania, which
Potomac Telephone Company. have vot
ed to absorb the Independent companies
known as the Northeast Independent
Telephone ,h roHsu COMPANY; Of N%rtheast' pa
|
phone and Telegraph Company. o
youngstown, and the Sheffield Telc
phone Company. OF Warren county
Pennsylvania.
The receipts and the expenses OF tn
steam railways for the month Of DC
| tober, 1872, are greater than for an!
other month In their history. Net Oper'
ating revenue. which is the gross in
come before anything has been takeI
out for taxes and rentals, interest OI
bonds. appropriations for betterment
or dividends. averaged ssh per mile O
line per day. which contrasts witt
Sly7. This Is an increase per mile O
line. for the month Of ssl.la, or Nl pc
cent.
The monthly summary OF the Burea,
Of Railway Economies, compiled fron
the reports Of railways to the Interstat
Commerce Commission. covers for Oc
tober 220,636 miles of line. or about 8
per cent CT all OF the steam railwa
mileage Of the United States. The az
gregate net operating revenue for thi
mileage was 3i07. .4405ls, which Is create
| bv sll.s7O.l25 than that for October. 1911
The increases we're due In greatest pro