The Washington times., 1913-12-13
RAILWAY COMMON
At LOWER FIGURE
Potomac Consolidated Bonds
Also Decline on Local Ex.
change-NeW Directors.

Potomac Consolidated per cent bonds
softened In price in today's session of
the local Stock Exchange and sold down
from 9S% to half. Only one bond sold
at the high figure; three sold at an
eighth less and three more at 9Si2.
Washington Railway common also de-
clined. five quotation lots selling from
81 to s61s IN quarter-point drosp. Eleven
shares of the preferred sold at S7A.
The weekend session was fairly
busy one amounting in total sales to
IS. 900 in bonds and 157 shares Of stock.
The othec bond trading was In 81 900 OF
Telephone SIS at 103 and $1,000 Of Rail
way As at So
A quotation lot of Columbia National
Bank stock came out on the bid Of $50.
Only fifteen shares of this issue have
been traced on the Exchange this year
up to today. The last price was 82,
two points above today's.
Two small lotr of Gas sold at 81 and
five shares OF Merganthaler at III.
A p. Crenshaw. formerly vice presi-
dent Of the Citizens Savings Bank. has
been elected to the board of directors
and made cashier Of the Capital City
Savings Bank at Seventh street and
Florida avenue. H. d. Gordon Is presi-
dent
William Frank Thyson. manager Of
the Southern building. has been elected
treasurer of the First National Fire In
surance Company.
Richard C. Kerens, American ambas-
sador to Austria-Hungary under the
Taft Administration, and Robert b.
Roosevelt, capitalist, of this city, and
formerly of New York, were elected
yesterday to the board of directors Of
the Real Estate Trust Company. Both
are large stockholders In the company.
Mr.. Kerens, who is identified with the
Davis-Eikins interests In West Virginia,
will make his future winter residence
in Washington.
The Lincoln National Bank will pay
its regulErsemi-annua dividend OF 3
per cent. December 81, Books will be
closed from December Is to January IA.
The regular semi-annual dividend OF
per cent has been declared by the d.
rectors of the McLachlen Banking Cor
poration, payable December 81.
A general stockholders meeting of the
Washington Gas Light Company for the
purpose of considering a number of mat
tiers connected with the management or
the company is planned for the immedi-
ate future as result OF a meeting OF a
few of the stockholders at the office of
Edmund X. Fox, real estate agent, last
night. Those present agreed that they
would recommend to stockholders that
they withhold their proxies for the time
being, and unite in favor OF Increasing
the board of directors from a member
ship Of seven to fifteen. II is also to be
recommended to the stockholders that a
president be elected who will give his
entire attention to the affairs of the COM
pany, and that the directors abolish
the present star chamber proxy sys-
tenn"
Howard Reside, vice president of the
company, declined TO make any state
ment today in regard to the matter.
A mixed condition of business, with
evidence of the reactionary
trend, is reported by the mercantile
Is dull and depressed by the passing of
the New Haven dividend. r. G. Dun &
Cos. review says in part as follows:
las a partial offset, however, the Of
fetal cotton ginning figures showed
total in excess of a year ago, and the
Government estimate on Friday gave
promise of another gratifying yield.
Advices from strictly mercantile lines
indicate generally satisfactory results
from early holiday trade, and in some
sections distribution of seasonable mer-
chandise has belt the stimulus Of lower
temperatures.
There is less apprehension Of labor
troubles in cotton mill centers, but a
scarcity of operatives exists in many
places. Fair activity prevails in wool.
manufacturers are disposed to
operate cautiously until the effect of
the tariff changes can be more clearly
defined.
Figures of railroad gross earnings for
November disclosed a loss Of 1.9 per
cent. as compared with last year, but
an Increase of &c per cent over 1911;
bank clearings this week were 15.3 per
cent smaller than year ago and 81
per cent less than in 1911.
''Production of iron and steel con-
tinues TO fall much below capacity, and
current demands are relatively light yet
Inquiries are encouraging
Bradstreets review is, in part. as
follows:
business failures for the week ended
December IL Were 81, which compares
with ;S5G last week, 2Sl in the like week
of 1912. 800 in 1911, go in 1910, and 273 in
1907