The Washington times., 1912-12-14
WASHINGTON AND NEW YORK FINANCIAL NEWS
CAPITAL TRACTION
BONDS MAKE NEW
Low ON EXCHANGE

IUV UV lNUVInVuI
Capital Traction per cent bonds
made u new low, lOshs, In the trading on
A lot OF $6UO OF the bonds was sold At
that price on call and a similar lot was
sold after call at the same price.
Washington Railway stock issues be-
came active again: on call the common
In hve lots were traded at sS, the last
price rccorlc. The preferred was soft
cr. two quotation lots going at sS. 20.
tom &c Consolidated bonds continued
at 100. N.ou' lots being sold at that n.y.
ure.
The last asked price for District Ma.
tional Bank stock. 16O, was necessary
to obtain fve shares. Twenty shares
OF Washington Gas changes hands ut
saiS s,is' but u nve''hare lot brought 80 a''sr
A total Of si.liOsso in interest and
dividend disbursements on stocks ana
bonds listed on the washington Va =. 81, stock y!
the month. OF this amount. interest
on bonds, Including Potomac Consolidat-
cd SIS. Telephone SIS. Capital Traction
Es. steamboat IS, ..,s and WashinY'on, ,a d,
s.s7. 80 is I to BE- paid out in dividends
on the following stocks: Capital Trac:
ton, Georgetown Gas. Eastern Light
and Fuel. Mersenthaler. Lanston. and
American Telegraph and Telephone.
will distribute Sl77.9s0 in dividends and
four Industrial corporations. the Dis
trict OF Columbia Paper Company. the
Merchants storage Company. the Be-
ington Market Company will send Out
S2g IN IN dividend checks,
An issue of s25O.OOO Of washington
Railway and Electric As has been made
to replace u similar amount Of Bright
wood Railway 8 per cent bonds.
The American Security and Trust
Company has been made the transfer
agent Of the washington Utilities Com
pany.
All the directors Of the Home Saw
ings Bank have been reelected by inc
stockholders.
The latest move in connection with
the Baltimore and Drum Point railroad
Is the circulation Of a petition which
10 being signed by property owners ",
the country through which the road
runs. many OF whom have c. Eiven % r'gnts nvs
ernor and the attorney general to take
some step to establish beyond doubt
that the charter which was held for q
long time BY Edward Lauterbach. oi
Hyland p. Stewart. of Baltimore. rep
resents a syndicate which Is said to be
trying to put life into the project. lie
says that II was supposed tnat tnt
Legislature Of 1910 declared all char
time the road attempts to do anything
the question Of the rights IN this Old
charter hobs up. The effort IL to- get
some action which will clear the situa.
ton Of all doubt by finally disposins
Of the I.auterbach charter.
The company In which Mr.. Stewart
clinets are Interested has been given the
right BY the. Maryland Public Service
Commission to issue stock to the am ,unt
100000.
Baltimore and Ohio railroad preferred
and common stocks owned by the tn'or
Pacific railroad are to be substituted iI
part for Southern Pacific railroad stoci
US collateral to secure an Issue o
s46. .00O,U 60 Oregon Short Line refundinl
4 per cent bonds. according to tnformu
tion from New York. II,
The stock Of the Southern Pacific rail
the Union Pacific railroad, IL to be solo
TO friendly interests. arrangements I,
tnat end already having been made:
The Union Pacific railroad owns 81.
the current market price 10 worth t33.
21.tSs. and also owns 1905. 40 B. & u
preferred. which Is worth $S2s9,56S.
These blocks OF stocks were acquired
from the Pennsylvania railroad severa
years ago.
The Union Pacific also owns sl7.s57. 10
par value New York Central stock
worth $l9.ie4.339. and this probably vii
be deposited along with Baltimore AM
Ohio shares with the trustee OF the Ore
gon Short Line mortgage.
!. The foregoing outline OF the genera
plan for the dissolution Of the Uniol
Pacific Southern Pacific merger unde
Court IL said to have been approved a
/ T. conference between representatives o
the corporations and the Department u
| Justice. Details OF the plan are yet 4
be worked out IN conformity with tn
| ruling Of the Court.
The annual report Of the America,
Ice Company for the year ended Octobc
81 will be submitted to stockholder
within the next week. The report show
| net for the year OF $4,000. which
equal 2h per cent on the outstanding
| preferred stock.
| Dun's Review says today:
Bank exchanges continue to sho,
expansion, the total Tits week at al
compiled by Dun's Review. aggregatin
| g. .265, $50, ,6l9, a gain Of ns per cent. a
! compared with the same week last yea
and OF 2l.7 per cent compared with tn
corresponding week In 1910. New Yor
, city again makes a very satisfactor
| exhibit with gain over last year 9
! 2S.7 per cent and. while the increase
4 In mart due to greater sDeCulatiye aC