The Washington times., 1913-03-14
EXTRA DIVIDEND
MAY Be DECLARED
Rumor Today That Washington
Railway Common May En-
Joy Disbursement.

There was rumor on the street today
that an extra dividend on Washington
Railway common would be declared.
The company had th. biggest day in
its history, Mach 1, and this, In ad-
dition 10 the fact that the earnings
have been steadily increasing. served to
give color of truth to the rumor.
Tie stock was extremely active
and strong on the Washington
Stock Exchange today and sold up TO
S7. for a quotation lot and to S1 TO:
ten shares. On call a quotation lot
sold at Sc. and then the price advanced
steadily A total of go shares were
sold, all being taker. :y well-known
Georgetown broker. Railway per cent
bonds were also strong. $1,000 of this
issue selling for S39s. The best Offering
of the stock ended at SIN.
Capital Traction is eX-dividend today.
The Farmers and Mechanics Ma
tional Bank has declared the usual eX-
ira dividend of 4 per cent, payable April
business March 70. The books will be
closed from March q to April L
II is probable that the washington
Stock Exchange will follow the ex-
ample of the New York and Baltimore
stock exchanges in adjourning from
next Thursday over to Easter Mon
day. In any event the local exchange
will be closed on Good Friday, and the
officers expect the matter OF adjourn
for settlement on Monday.
Confidence in the new Administration
Is gaining ground in Washington imam
matte reception at the Pan-American
Union last night, ]. Selwin TAFT, presi-
dent of the Washington and Southern
Bank, today commented upon the favor
able impression made upon the dfplo-
mats who gathered at the reception oy
Secretary of State Bryan
wall Street is sulking and thinking
without reason that mo good thing can
come out of Nazareth. said Mr.. TAFT.
Il believe that it is time for a change
plainly won the confidence Of the dipIo-
matte representatives at last nights
gathering. and i could not fan to be
impressed.
In the daily market letter of w. B.
Hfbbs & Co.. Mr.. Hibbs has also been
telling Wall Street that there is moth
ing to fear from the Wilson regime
Robert n. Harper. president of the
District National Bank, today corrected
a report made this morning in con-
nection with last nights meeting OF the
Democratic auxiliary committee, when
the question of Endorsement Of candi-
dates for the District Commissionships
was discussed.
Instead of urging an Endorsement of
himself, Mr. Harper vigorously opposed
an Endorsement of an1 candidate on the
ground that he considered II not In the
province OF the committee to make any
Endorsement.
Mr. Harper further declared that he
would not pernSt his name to be used
In connection with the Commissioner
ships, and would not under any cir
cumstanoes accept one of the posts.
even though 1t were offered to him. A
number of mis- friends had urged him to
become a candidate for one Of the
offices.
Chris Cox Dawson. broker. of this
city. is receiving subscriptions for the
unsold balance of the $6,500.0OO ten-year
s per cent convertible secured bonds of
the Consolidation Coal Company. The
offering is being made by Spencer
Trask & Co.. William Solomon & Co..
and Kissel. Kinnicutt & Co.
The Federal National Bank has in
creased its directorate by the election
of four new members to the board.
Maj Gen. George Davis, l. S. A, re-
tired: DR.. James Brown Scott. secre
tary OF the Carnegie endowment for In
ternational peace; DR.. James Dudley
hoI SdH, ana w NliiidH JOHN ESHcH, seC-
retary of the Board of Trade. The
board is now composed of eighteen
members
The resources of the bank have grown
to about 81 SOC, 600 and the deposits -
about $3.50 600 The new bank is now
Government depositary. a member Of
the Clearing House Association. and 4
depositary for postal sa.inGs funds. The
new directors were elected yesterda
afternoon.
Baltimore is still experiencing -
nancial stringency. while Washington
money continues easy New loans =
the neighborinG city are firm at per
cent and loanable funds are scarce The
bankers over there are also looking for
an early call from the Comptroller, in
view Of the inaugural ion of a new Ac-
ministration, and that factor also IS
helping to restrict loans.