The Washington times., 1913-07-08
SUPPORT RISES FOR
CAPITAL TRACTION
Good Buying of Stock on
Exchange, But 1t Is Forced
to New Low Level.

strong and unexpected support 1Or
Capital Traction came out on the local
Stock Exchange today, but in spite of
this the interest which has been bearing
the stock succeeded In forcing the price
down to another ne wlow figure for the
year, 114&. At that price the last sales,
one of 100 shares and one Of ten shares.
were made. A price of u5A was paid
for the first sixty shares traded, which
was all that came out on call. After the
call the offerings of the stock at lis
were taken to the extent of $40 shares
and an eighth more was paid for three
fractional lots. Fifty more shares were
sold at 1147s and twenty-five more at
1l4a. The movement in Capital Traction
and the attempt to support 1t around LIS
was easily the feature Of the trading.
There seemed to be plenty Of 1t for sale.
The, activity in Capital Traction
price of ssA was paid for an option
sold at ssh and 35 shares at S8.
The bond trading consisted In the
sale of $4,000 of Washington Railway
IS at S2A, and $4,000 Potomac Con
transaction was the sale of Il shares
of Federal National Bank at 135.
An early and satisfactory working out
Of the plans for the new Arlington Hotel
is assured by officers of the $8,000,0o0
hotel company today. Contrary to pub
lished reports, the Du Pont-AndreWs
fight over the Equitable Life building
contract in New York does not involve
the construction contract for the new
Arlington in any way. 1t Is explained
that a large stockholder in the Arlington
company, whose identity is not disclosed,
has found himself unable to carry out
certain financial plans which he expect
ed when the company was formed, but
that in place Of this stockholder negota-
tions are now nearly completed to SUD-
stitute several men to take over his In
terest. George Howard, treasurer and one
of the promoters of the company, said
today that the construction work would
not be seriously delayed, and that the
project would be worked out to success
full conclusion.
Frank NJ. Andrews remains as archi-
tect of the new hotel builing, notwith-
standing the fact that he has been sup
planted as architect of the Equitable Lie
building in New York.
Negotiations are still in progress with
the RitZ-Carlton interests to take over
and operate the hotel when II Is COM
pleted. These negotiations will be con-
cluded, it is expected, as soon as the
rearranged financial plans of he COM
pany have been completed.
Little chance of working out the
scheme 10 form a new trust company
with the Continental Trust Company
the District National Bank, the Cltl-
zens' Savings Bank and possibly some
other smaller banks as component
parts is seen by men connected with
those institutions.
II has been an open secret that such
a plan has Deen under couslderatl"n
for some weeks. but there has been op-
position to 1t of sufficient strength TO
block, at least for the present, any
hope of an early contamination. IT g
recognized that the combination would
be economically desirable, but the per
sonal and legal obstacles in the way.
so far have been found impossible TO
surmount No further step is andci-
pated. at least until the return OF LOT.
ner Senator \. B. Scott, president OF
the Continental Trust Company, from
California, where he is taking vaca-
tion in connection with business err
rand.
George Howard. treasurer of the Ma
tioual Savings and Trust Company. re-
turned to Washington today from the
North Shore carrying his right arm IN
a sling, the result of a peculiar acci-
dent at his Washington home last
Thursday. In getting out Of the bash
tub Mr.. Howard slipped and fell on his
arm Thinking that the injury was
not more than a bruise. Mr.. Howard
left for the Massachusetts resort that
evening. BY the time he had reached
his destination he found his arm SO
swollen and painful that a physician
was called in. An x-ray photo was
taken and showed the arm to be
broken. The bone was then set and the
arm put in splints.