The Washington times., 1913-03-28
LOCAL SECURITIES
SLOW AND STEADY
Holders of Railway Common Will
Not Accept Reduced Bids.
Financial News Items.

Because of disposition TO get stocks at
a little lower prices than the limits Of
sellers generally. there was but little
business transacted on Change IN the
securities which for months have been
the leading sources of activity-Wash-
ington Raliway and Electric, common.
There has been no free trading IN the
preferred since its drop from 20 some
months ago. The common started off on
MONDAY of this week around ", and
touched "a with every evidence of par
being IN sight. Since then, as during
today session, there was but little
buying power evidenced. and holders
were slow to accept the reduced bids,
hence there WAS practically nothing do
ing, one five-share lot completing the
record
The preferred stock sold at soas to
sols for small lots. with no quotation
lots offered under 81.
Capital Traction was a little firmer
on odd lot buying at l2O% to 12l.
Washington Gas shares held their own
at S4as, stock offered at this price with
SAY bid.
steady at S3s, Traction 5's brought lG9,
and Potomac Consolidated SIS l0l.
Senator James Hamilton Lewis of Illi
nois one of the wits of the Nation VIII
make his first appearance since his cleo
ton as a dinner speaker at the banquet
of the Washington Chapter. American
Institute of aBnking, at the Raleigh
tomorrow night.
Other speakers will be Senator Mar
tine of New Jersey and Representative
Clayton of Alabama.
The directors of the First National
Fire Insurance Company and the Com
decided that the two companies should
90 upon what is known in insurance
circles as home office management
basis. To this end the offer of Tuttle,
Wightman & Dudley. Inc. to surrender
the underwriting contracts heretofore
existing between that corporation and
the two insurance companies was &C
cepteG.
In view of the fact that the organiza-
ton OF each as these comDanies is now
having combined assets of approx
nately 100000. the subscription books
were closed except to those stockhold-
ers who have optional rights for addi-
tional stock, according to statement is
sued today
The underwriting for the Commercial
Fire Insurance Company will be in
charge of its president, Robert II.
tional Fire Insurance Company the Of
hcers of the company will conduct the
underwriting operations. Among the
recent changes in internal management
OF the company is lne electlOn OF FreQ-
erick s. Dudley as first vice president,
and the election of Spencer J. johnson,
the well-known New York insurance
man, as secretary of the company. The
position of treasurer has been filled by
the election of Leslie Cramer. of this
city. A number Of other minor changes
suggested by the insurance expert, S.
*. Wolfe, who, at the request of the
companies examined and reported upon
their financial condition. have also been
adopted.
II is understood that the local corpor-
alton of Tuttle. Wightman e. Dudley,
Inc, having completed the work for
dissolve.
The Washington. Baltimore and Anna |
polls Railroad Company earned SiIs.2S7 |
gross in 1912. an increase over the earn !
ings of 1911 of sS0.50, at an operating eX- |
pense increase of 81 .253. The compare |
tive figures for the two years follow: |