The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-04-03
MARKETS---FINANCE--COMMERCE

trust company they will receive trans
ferable receipts exchangeable for the
, bonds when extended and ready for de-
livery.
| me mortgages securing these two
| issues will continue unimpaired, the pay
ment of principal and interest of both
| having been assumed by the Chicago.
| Milwaukee and st. Paul Railway Com
pany. The first mortgage bonds origt-
| nally matured in 1910, but were extended
for three years. This issue is closed
| first mortgage, and covers i'm all LIS. Is
miles of road, extending from North
| Milwaukee to Green Bay, Wis, with
| branches, and against which the first
mortgage bonds are outstanding at the
| rate of s16 sos per mile. The consolidated
mortgage bonds, of which $5,092,O00 have
| been issued, are a first mortgage on
292. 46 miles of road, 1863 miles of which
| form continuation of the main line
covered by the first mortgage, extending
northward to Champion, Mich, together
with several branches These bonds are
also a second lien on the property COW
| cred by the first mortgage.
Local Stocks.
Local stock market narrowed into small
limits. just when it was expected to
spread with the April disbursements But
it was noticed that there were many
untitled orders, many selling orders
little above levels, and therein is indica
ton of a better movement.
Bonds had the call and Railways As
were the most active with 5000 sold, all
S3k. Gas IS were in excellent demand at
10S1a Metropolitan 5s, 10o.
In the stock list there was no activity,
just 4 scattering line of trade. Lanston
led but with only 40 shares changing
hands and this but emphasized the dull
ness. Sales were at s..
Traction and Railway and Electric
shares were neglected but steady. Odd
lots of Gas %, stock offered at S7s.
Utilities Commission.
The Utilities Commission is working
with the Washington Railway and Elec-
tric Company in preparing forms, &c, for
the keeping of accounts and records.
When completed the formulas will be
made applicable to all local traction COM
panies
The New York Sun yesterday morning,
in its public utility corporation news
said: During February the gross in
crease in the earnings of the Wash
inEton Railway and Electric Co, was
60 per cent greater than during Feb
per cent greater
dend, under the new management from
> 20 per cent on the common stock, is
earning 10 and may further increase the
Bank Lecture.
Prof Charles A. Douglas lecture on
Fixing the Liability to Pay the lnStru-
mcnt," before the Washington Chapter. |
was largely attended the special text |
,rI nod he
Negotiable Instruments being espe- |
rially interesting to the bank clerks and |
officials who attended. There are but
four lectures in the outlined course.
Georgetown Gas Report.
An interesting compilation of details |
of the operation of the Georgetown Gas 1
Company for period of years, appears |
elsewhere. 1t is a carefully compiled |
showing, and goes into the reports from |
the standpoint of a statistician. Ii also
indicates plainly that the corporation
bought some oil last year
Bank Officers.
Security Savings and Commercial Bank
officers are as folloys: Julius I. Peyser,
president: George l.. Linkins, vice presi
1ent: Fred Mckee, vice president: John
H. Baltz, cashier; William Il. Baum,
cashier, and Charles w. Darr,
general counsel. Mr.. BaltZ will he in
personal charge at the opening on Mon |.
lay and thereafter.