The Washington times., 1913-12-20
GAS STOCKHOLDERS
PRESENT DEMANDS
Committee Calls at Office Of
Washington Company With
Set of Resolutions. -

Opening their fight for certain
changes in the management of the
Washington Gas Light Company, u
committee OF stockholders consisting OF
Edmund K Fox, chairman, Joseph
Strasburger, A. B. Coppes, Robert
Craig, and Charles A Shields, pre-
sented a set Of resolutions embodyips
their complaints at the office Of the
gas COMPANY today. A reply within
three days Is asked. ..
Howard s. Reeside, vice president OF
the company, had not seen the resolu-
tons up to a late hour this afternoon.
but indicated that he would make a
statement on Monday Mr.. Reside was
occupied this morning at the offices
Of the Public Utilities Commission. He
was still unprepared to make any state
ment with reference to the decision
OF the Corporation Counsel adverse to
the consolidation OF the company witt.
the Georgetown Gas Company.
The resolutions call upon the officers
and directors to refrain from sendin
out the usual office proxies for the
annual meeting and that instead an
open meeting be called at which a free
the company be had.
Unless the officers and directors OF
the company agree to this and other
propositions made in the resolutions
the committee states that 1t will ao-
vertise in the newspapers of Wa
ton, Philadelphia, and New York call
Ing q special meeting to be held in
this city January 15 to perfect an or
sanization Tor the control of tEe eusu-
ing election In February
The committee also proposes that the
board OF directors be enlarged from
seven to hfteen members and that such
directors BE- selected from the entire
stcckholdinS body and be agreeable mu-
tually tc the present officers and the
committee.
Business was little improved in today's
session OF the local stock exchange. A
500 Capital Traction bond sold at lC1%i
81 900 Of Washington Railway As at So
lnd two more at 7s7s. The stock .ransac-
lions covered on.y ten shares of AS AT
coy ard and two shares of Commercial
National Bank at 1851
The Pank of Commerce s. Savings will
pay its reSula: semi-annual dividend
January to stockholders OF record De-
cember 70.
Figures covering October and Novem-
Der business OF the MergenIhaIer Limo
tYDe Machine Co. received I'm Washing
ton show that the two months was
soo.O0 greater in net earnings than the
corresponding two months of 1yl2
More than seasonable slowing down is
seen by the mercantile agencies in their
reviews today. r. G. Dun s. Co.'S re- |
view says:
With the approach OF the annual in
of business is to be expected Wet more
than seasonable quietness now nreyaiIs
ooth IN commercial and industrial chan
nels; In wholesale lines. buyers of dry |
soo9s continue In a waiting attitude re-
earding forward operations. the infiu-
ence OF lower prices for raw cotton hay-
ing restricted future trading i'm finished |
products. The market for wool reflects
an Irregular demand. with manufac-
lurers showing no disposition to pur-
chase In excess OF immediate require
nents. In New England the retail
movement OF footwear has improved and
lobbing trade is fair. but some factories
are shutting down for stock taking pur-
mains firm and there are no accumn-
attons of stock in any quarter.
AlthouSh the running schedule of
steel mills Is likely to be reduced before
me year ENDS. producers seem TO be
THE final Government estimates of
agricultural results this year indicate
that a vast amount Of new weIath has
been created by the soil. notwithstand-
Ing the decline in the yieiu of some
.rops: higher prices more than Offset
he loss in production. so ihat the pur-
chasing power OF the farming COMMUNE
tv is really strengthened. or partIc-
Ilar interest in the financial situation
vas the fall In British cousols to the |
lowest point in almost a century. the
1ecline being attributed mainly TO the
new security issues launched in Lon
ion."
In concluding their review Brad
streets says:
"In financial markets the weeks
events have been rather oil the favor
.be side. Money is easier on call but
sitter on time. pending account. In
,ther lines there are evidences Of moro