The Washington herald., 1913-11-30
Checks NAILED
TOTAL S425,25O
Largest December Payment
by Washington Railway and
Electric Company.
STOCK VALUES EASIER
Steel and Reading Only Firm Sc
euriies-Washington Shares
Hold Well.
STOCK VALUES EASIER
ByI. A. FLEMING.

S162 500 covered the regular III per cent
and the extra 1 per cent on the common,
the balance, S1O6,250. being the payment
for the quarter on the preferred stock.
The objections of the Utility Commis-
sion to the declaration of the additional
dividend on the common stock, came too
late to cause the directors to rescind their
action on the declaration; indeed, they
claim that they were justified in their
action.
Holders of S5.6sOeOO Capital Traction IS
will also receive checks tomorrow morn
ing for $4,000 account regular semi-an-
nual 1 per cent interest
Other payments due tomorrow are as
follows: East Washington Savings Bank.
5000; Union Savings, 5000; Potomac In
surance, $,O00. and Columbia Title, $500.
Total distribution, s425,25 which should
seek reinvestment in the near future
right here in Washington, where there
are some attractive bargains for the most
conservative investors.
Wall street Market.
Wall Street kept up the mark time
step. If anything the pace was even
more stationary than usual The football
game attracted more attention than the
stock market, and more premiums were
paid for the pasteboards for this func-
1t is a case Of waiting. 1t is also a
case of holders of minor stocks sitting
tight, and waiting for the better times,
which every one believes will come.
though just when, no one would hazard
an opinion. Any attempt to hquidate
minor stocks on a market where there
is no demand must expect to put up a
tempting proposition in the way of price
before seducing buyer. An example OF
this was shown yesterday in the market
for Goodrich preferred, where a decline
of points resulted on one sale. The
previous day United States Realty. one
Of the high grade realty companies in
New York. in no way connected with the |
busted concern that failed on Friday. |
broke points strengely out of proper
toned drop for a stock paying 5 per
cent. 1t rallied points yesterday, |
rather quicker than usual in that a
4 to s points loss is usually weeks in
recovering.
Money in rather close. December dis |
bursements will release considerable |
cash, but Immediately the banks will be |
gin the preparations for the enormous |
tributions as well
Rock Islands earnings for October
showed a net decrease of S24OO5S,
The street is waiting anXiously for the |
Presidents message, which he will prob
ably read to Congress on Monday. Ac-
cording to his recommendations his trust |
policy, which should, and probably will
be explained at length, Wall Street will
stay about steady as to securities, or
the bears will take the command of the
situation again.
Bulls do not feel with present con-
1itions that they can do much more than
trail along, stirring up the bears Occa-
sionally and making them hesitate.
Slowing Up.
Commercial agencies continue to re-
port ultraconservatism in business in all
lines, a further slowing down in steel
production and Iessening clearings.
With the single exception of Steel
shares, both common and preferred, there
we're but few stocks that held their own.
steel issues did that and no more. Union
Pacific lost IS ST. Paul N. Northern Pa
life Y, Missouri Pacific point, Light
( Meyer 1A, Smelling 1Is, Guggenheim
Z, Can preferred ~, Can common y,
Harvester X. while Reading was steady.
Many stocks did not show on the tape all
session.
Investment Buying.
Local securities showed investment
,uying of very modest proportions, ten
hare lots being the largest sales, al
hough quotation lots were frequently
i'd for There is but little pressure to
ell in anything. but market orders arc
generally gathered in at easier prices,
hough limit orders are not always exc
uted.
Not a sale of Railway, either common
II preferred, was reported. The asking
rice was raised to 80 for the preferred
With IS 1-2 bid, while the common was
in fha . l.
s -; stock offered at S.
Capital Traction quotations, nominal,
10al15. Single share lots, 1l2 1-2 to 112, & |
hare market order was sold at 1101-2
Tie bid price on Washington Gas was
owered to s., the asking remained at
3 81
Lanston. S5-S MergenthaIer. 217. The
My bank stock sales were at 1S5 for
commercial and 160 for American Ma
ional, both small lots.
Bonds were in good request in small
Iay. Gas IS easier at los L. Traction
S firm at 107 1-2 for large, and 107 "a for !
mall bonds. Railways 50, with one 500 {
'ond at 81.
Wide Distribution of Pennsy.
The Pennsylvania Railroad mailed divi- ]
end checks to Sc, ,S65 shareholders, the
argest number to which a dividend has
yer been paid. OF the total number Of
eople that received these checks H.74, :
lore than 4s per cent are women. There
re 5,SS more women holders of Penn
ylvania Railroad stock today than there
Tere a year ago. There are 9,S77, ,626 ,
hares of stock outstanding. The aver !
&c number of shares held by the stock /
older is Ia, a decrease of six shares I
er average holder in the past nine
lonths. The State of Pennsylvania with
'.so5 still has the largest number Of
Railroad stockholders, in
lew York there are 14S11, in all New
,ngiand there are 1850. and in foreign u
ountries n.473 holders of Pennsylvania c
tock. There are 1886 stockholders scat !
sred throughout the United States in :
arts other than those named above.
Canada's Gold and Why,
Canada has already sold to foreign d
ountries this season fully 100000 600 c
'orth of grain and live stock. This ex-
lains the gold movement thither in =
Irge part. But another reason is be-
ause the Dominion was able to work
Z her splendid grain harvests much
lore successfully, both in point of time 9
nd in volume, than in earlier years 4
ot only was this harvest season earlier | d
ian in 1872, but the weather for thrash
g. for delivery at local points and for
lrrtage by rail to the upper lakes. as