The Washington times., 1913-04-30
FIRST SALE MADE IN
CONTINENTAL TRUST
Newly Listed Stock Sells at
Good Figure-United States
Trust Recedes Slightly.

fair volume of business with
aothing spectacular was transacted
in tcdays session of the local stock
exchange. Bond buying was small,
but there was good trading in the
stock list United States Trust stock
came back to a more normal level
and the first sales of Continental
Trust stock were recorded. United
States Trust figures receded to l43
hid an disc asked. but no stock was
available around the bid price.
Two quotation lots and a single
share of Continental Trust sold at 11S
and the asked price was raised TO 125.
A quotation and two fractional lots
Of Federal National Bank also sold
at l40.
One hundred and twenty five shares
of Washington Gas were obtained at
Sfz. Lanston was active again, sew
enty shares selling at s4&. Mergen-
thaler sold at 2l7. the low price of the
recent movement. p
Washington Railway per cent bonds
receded somewhat when s1.0eo sold at
SSis. but half lot brought "a.
An exclusively West Virginia dinner
was held at the New Willard last night
with Colin III. Livingstone, vice presi-
dent of the American National Bank. as
host to the West Virginia delegation in
% Congress, Governor Hatfield and his
staff were also guests of the Washing
ton banker, who himself, is an hon
orary aide-de-camp. An elaborate pro-
gram of entertainment by notable local
artists was provided.
The financial statement of the United
States Steel Corporation for the first
ms Of s. @ anG %et 'H1e neome esro of
seS.6e6,509. These mark decreases of
sdsS,156, and s6S,4l7, respectively,
compared with the quarter immedi-
cess of the corresponding quarter of
1912, when total earnings aggregated
only s17,S26,s73. and net, sl2.10s.i15.
surplus psas for the quarter amosnts aosni; to to
sS,2S2,1S4 in the same quarter last
year.
Back of Western Maryland railways
traffic possibilities are two of the mcst
efficient traffic gathering organiza tons
in the country, thos aof the New York
Central and of the Erie railroad, which
latter secures equal ADVANTAGES over
the Western Marylan1 through its con-
tract with the Pittsburgh and LAX eErie
Both of these railroads ar ckeen for
the new connection and new route to
the seaboard. Neither before has had
direct access to the southern tier OF
States. a field heretofore more or less
monopolized oy the Pennsylvania, the
Baltimore and Ohia and the Reading. A
New York Central offiial who is getting
his traffic organization: in shape IN tHe
West 10 handle solicitation fo- business
over this new connection predicts that
IN time the new rout ewill rival in i'm
portance the New Lork Centrurs line
between Buffalo and New York and
Boston.
Optimistic opinions are being given
out for the future of the Western
Maryland Railroad, and the business
that will shortly come 10 IL through its
New York Central connections. The
connection embraces the Washington,
Baltimore and Annapolis Electric Rail-
road into Washington. over which route
the American Express now has an en-
trance ard outlet into Washington. The
situation is described as follows by a
close observer of the developments
This may be undue optimism, but
the new line is the shortest and most
direct route from tie great lakes to
tidewater. and its grades are the low
est of any road over the Alleghenies.
Traffic usually follows the line of least
resistance. and export business is
gradually going to ports where traffic
is less congested than at New York.
Furthermore, both the New York Cen
tral and Erie will have direct access
to a territory to which they have here
tofore been practically excluded"