The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1912-12-27
Local Financial Matters

OF their earnings for 1907 and 1905. How
ever. the, gross and net earnings OF
eighty-six companies have been secured
for those two years. ranging from light
ing companies in the large cities, with
gross income of millions ofs dollars,
down to those OF the smaller towns,
counting their gross income In thousands
Of dollars. The companies, earnings OF
which have been secured, operate In
FractIcaIIy every State so they may be
taken as typical of alb the gas and
electric corporations Of the country, large
and small.
The showing Of earnings by these COM
panies should be most gratifying to all
holders OF their securities, even to those
who fear for a business recession In 1913.
The eighty-six companies for 1907 and
1905 compare as follows, in gross and
net earnings:
Gross earnings .HH.rA.lsi Sls2oHslo poesA
Net caningss..... SsSi.ih a.p2o Ss0.I
These gains of gas and electric COM
panies in a panic year of practically
per cent in gross and L per cent in
net in a year when increases in earn
ings OF other corporations were few and
far between indicate that even with de-
pressed business conditions there need
be little fear of any falling of in earn
ings of these companies which would
affect the income on their securities.
chart, published some time ago oil, earn
ings of gas and electric corporations,
covering a period Of years, showed al
most the same percentage OF gains for
these companies in 1903 over 1907. as
those given above, although a much
larger number OF companies reported
earnings for the chart than has been
used In those given here.
At the next meeting Of the board of
directors OF the Washington Loan and
Trust Company the dividend probably
cent basis. The earnings of the company
are very satisfactory.
The Columbia National Bank, the
friend and neighbor OF the Washington
Loan and Trust Company. will make its
shareholders glad with a 1-2 per cent
quarterly increase in dividend. from a
10 to a Il per cent basis.
1t is a little more than two years ago
that the Columbia passed from an to
a 10 per cent basis. The bank is piling
than its capital, has ceased to accumu-
late and will hereafter distribute its
earnings to shareholders.
Mr.. c. T. Williams, a member OF the
firm of Lewis, johnson & Co., and a d.
rector of the Georgetown Gas Company,
is making s. a day on the jury. The
District is getting good services at
low rate Making up for missing divi-
dends on Georgetown Gas shares?
The 1913 Christmas Savings Club of the
United States Trust Company got under
nav nm zcba5ulad time at the of8ca NJ
the company and at all the branch Of
fees yesterday morning. The net result
Of the opening day of the saving scheme
warrant the belief that the amount Z"
be distributed to the savers year hence
will be close to $4,000 The main Office |
took in nearly $4,000 yesterday.
On the local exchange Capital Traction |
IS advanced to 10, as compared with 1884 |
OF the last few days. Gas IS, an excellent |
bond, eased to 1854.
In all, fifty shares Of Lanston sold at |
20. and this, with two shares of Railway |
preferred at So completed another slim !
days record. Lanston was offered at 80 |
at the close.
The bid price an Railway common was |
S71z, with 90 asked and on the preferred |
ssh, with 90A asked, but 30 would have |
dlslodged holdings.
The bid and asked prices on Washington |
Gas, Sc and 81.
The Baltimore and Ohio is planning a |
seven-minute cut in its running time be-
tween Baltimore and Washington.
The Baltimore Nsews has this say:
AN impression has gone abroad that |
the new Munsey Trust Company was or
ganized among others things to take over |
the Munsey Building. When this report |
was called to the attention Of President L. |
L. Norton, he denied it in emphatic terms.
That report is fiction, pure and simple"
he said. The Munsey Trust Company /
will have no interest in the building except
as a tenant. 1 cannot imagine how such a
report was started, but 1 do know 1t is
absolutely devoid of truth"
Munsey Trust Company stock was trad
ed in on the Baltimore Stock Exchange
IF when and as issued" The
quotation was 1O5 bid and ITO asked, and
later in the session one share sold at los.
followed by two more sales of five and six
shares at the same price.