The Washington herald., 1913-01-11
Observation-Disclosures

sidering general conditions. Offerings Of
preferred stock issues reached a very
large total for the year. and their higher
/ income yield was apparently very
large factor in their distribution.
las to the immediate trend of secur-
ity values, there seems to be little in
the way of actual information upon
which to base an estimate or hazard a
prediction. Easier money may be ex-
pected in the usual run of affairs COM
paratively early in the month, depend
ent, OF course, as to how soon the crop
movement money returns to the larger
reserve centers, and in addition to the
future possible requirements incident to
the Balkan situation. Manufacturing
business probably has sufficient impetus
to carry it along for some months to
come, and the railroads are showing
more or less substantial increases in
earnings. II these conditions continue
in force. security values may be expected
to more nearly reflect them, but until
the probable course Of the first COM
pletely Democratic Congress for many
years with respect to tariff revision is
more clearly Indicated, and the European
situation clarified. 1t would be difficult
to indicate any substantial basis for any
sustained upward trend in market
prices"
baltimore Gas and Electric Rates.
The Public Service Commission of
Maryland probably will hand down its
views on gas and electric light rates
for Baltimore to-day.
Gas rates in Baltimore have been 20
cents a thousand for some time. with
a low rate to users of 10000 cubic feet
a month. The officials of the gas COM
pany do not expect a cut under ~
cents.
With a population OF $500. as COM
pared with 81. 900 in Washington, Balti-
more has been paying cents a thou
sand cubic feet more than Washington
consumers. Really. Scent gas looks
rather cheap for Washington. and the
reduction here was voluntary.
Baltimore has just discovered that the
Georgetown Gas Company had filed no.
tice of an increase of 10 cents. because
of the increase in the cost of oil and
coal.
The Maryland commission has asked
the Georgetown company for a state
ment. asking for a report in detail on
the increased cost OF gas oil and coal.
The charge is made that the George
town Gas Company is a distributor COM
pany only. but the fact is that 1t Is
making all gas it sells at this time.
The Baltimore News, in commenting
on the matter says.
Charles NJ Cohn. president of the
gas company, seemed very much in
terested to-day when asked concerning
the increased price of materials used in
the manufacture OF gas. stating that the
added cost imposed on the consolidated
company would increase the price OF the
material from s to 10 cents for every
] coo cubis feet of gas. He stated. how
ever. that half of the increased cost
could be saved the company il the candle
power requirements. based on conditions
no longer existing. were reduced
He explained that gas oil, which Is
supplied by the Standard Oil Company.
had been advanced from 2l-2 to cents
a gallon and that as a result the COM
pany's oil bill will be increased SSI,si', |
which is practically the interest 1t now
pays on its issue Of common stock
Munscy Trust Co., Baltimore.
Stockholders Of the Munsey Trust
Company completed Organization yesteI-
dav by adopting bylaws and electlng
hoard of directors Directors chosen are |
Frank A. Munsey. Eugene l. Norton, X.
Lancaster Williams. Gilmore B. jeffrey
J. L. Alcock. Stuart Ohvier' jacob
France. T. Rowland Thomas, George R
Gather. 4. r. l.. Dohme. Frank b. |
Dancy, ]. 5 Armstrong, W. II. Cloud. |
and n. +. Meserve.
The board met Immediately and elect |
ed Mr.. Munsey chairman. Mr.. Norton |
president r. Lancaster Williams and
Ernest Roberts vice presidents. Elllcott |
II Worthington treasurer. d. Stewart
Ridgely and Charles Fisher assistant |
treasurers, and William NJ. Baker sec
rotary.
The selection of members of the eX-
ecutive committee was deferred until
This committee Will consist of
six members. and Mr.. olivier probably |
will be chairman.
The Munsey Trust Company. which has /
a capital stock of 100000. will formally
begin business on January II in the Mum
sey Building. southeast corner Calvert
and Fayette Streets.
Local Securities.
Stocks were generally firmer on the
local market Railway preferred rose to
20 3-4. the common selling at Sl-i.
Gas was also stronger, SO
being the price for one twenty-five-share
lot. More offered, but s. IS bid.
Other sales were not of much impor-
lance.