The Washington herald., 1913-02-28

The publicity department of the Penn
sylvania Railroad is authority for the
statement that $50 per cent of its share
holders are women. This indicates the
confidence of the advisers of women in
making investments.
In the Washington Railway and Elec-
tric Company's list OF shareholders
names are given of 1.0A women share
holders, owning in all $3.50 shares of
stock In all there are 1928 sharehold-
ers. so that the women shareholders pre-
dominate.
In 1910 there were 1,s75 shareholders.
of whom 91T were women; in 1911 1889,
of whom 1.0Ni We're women, and their
holdings in 1872 We're $500 shares more
than in 1911.
There are IS shareholders in the Wash
ington Railway and Electric owning more
than so shares, CT more each. as COM
pared with 80 year ago. There are
but Is owning l.co0 shares or more as
compared with 20 year ago. there are
ISL shareholders holding shares or less
and "A owning but one share each.
The stock list OF the Georgetown Gas
Company contains the names OF rs
shareholders. of which % are women.
and they own 956 shares. There Is but
one shareholder owning 500 shares or
over. one 10oo shares or over. 80 who
own 10 shares or less. q owning shares
or less and owning one share.
Is this suffrage argument?
Good Old Pennsylvania.
Dividend checks. amounting to y. s.S0..-
l69. q. will be received tomorrow by 75 AZ
shareholders of the Pennsylvania Railroad
Company. This is the largest number of
to whom the company has
,afI JG,-;l - ,kar
IS, i5I, or q per cent are women.
Illustrative of the wide distribution OF
this stock 10 the fact that, of those who
receive dividends. 12.63i own less than ten
shares each. The average holding of
Pennsylvania stock is 40 shares. Nearly
all of the shareholders are individuals.
only 564 corporations being numbered
among the holders of stock.
Nearly one-third, or q, sss, of the share
holders live in the State Of Pennsylvania.
In New England there are I55S4 sharehold-
ers, and in New York 12,Ss
All the checks for American share
holders are mailed in Philadelphia, but. on
the same date checks are mailed in Eu-
rope to 1856 foreign stockholders. SO thai
American and European shareholders re-
ceive dividends simultaneously.
The dividend now paid is the regular
quarterly payment on 9.077559 outstanding
shares of stock. representing a total par
value Of s453. .ST.9so Since 1856. the Penn
sylvania Railroad has never failed to pay
a cash dividend. These dividend pay
ooS.5l. or 9l.25 per cent Of the par value
Of the total amount of capital stock at
present outstanding
Concurrently with the payment Of this
the company has made a COM
pilation of the total number of public
in subsidiary corporations
by the Pennsylvania Railroad
This compilation shows that outside hold
ers of the stock of these companies num-
Der 2l.4S3.
There are thus aS.s45 registered share
Pennsylvania system.
Everybody Buys II.
A considerable number of investors in
all these companies are bankers. insur-
ance companies. and brokers' who hold
stock or bonds specifically for a large
number of others. The actual number of
books, therefore, does not show the full
number of people directly interested in
Railroad securities, nor do
these numbers have any relationship TO
the number of policyholders in insur-
ance companies. depositors in savings
banks. or others. whose interest in Penn
sylvania earnings through the invest
ments Of these companies. while indirect,
IS. nevertheless, very substantial.
1t is impossible to estimate the number
of bondholders in the various companies
Of the Pennsylvania system, by reason of
The fact that few holders of the com
panys bonds are registered. But one
issue of PENNSYLVANIA company bonds
were printed in 10000 documents, with
the idea that they should circulate
among small holders throughout France.
So that the number of bondholders Is
very large. II would be far
from an exaggeration to estimate that
there We're at least 2lo.Oro bondhoiders.
Or one for every employe in the service
Of the system.
This compilation makes it apparent
that including employees, shareholders.
and bondholders. there are more than
00. 600 people deriving the whole or a por-
tion of their income indirectly from the
of the Pennsylvania system.
With the GuEgenheims.
Announcement is made that William
Loeb, jr, will on retiring from the post
IF collector OF the port Of New York be-
,ome the general manager of all the
properties.
This would seem to definitely place two
u the prominent OIlCeuOlueEe,
loeb and Hitchcock.
Local Stocks.
Bonds were in request on the local mar |
ret yesterday. especially Potomac Con- |
'olidated IS, which sold at 10l IA to 1o1. |
fraction IS were strong at ITO IL to ITO 3-s. |
Railway As brought s..
Usually inactive stocks occupied much |
# the time on change. Eastern Light
md Fuel sold at ia, Lanston at 96 L.. |!
Arlington Insurance at 16 L., and Mer-
.enthaler attracted much attention with |
orty-seven shares. sold in lots at 21S. and |
supply on sale at that figure when the
lose came.
After Call Capital Traction sold at
% 3-4.
Listed.
Applica ton was made to the listing
committee of the local exchange to list
he $4,000 capital stock OF the Federal
Bank and granted.
The stock was called yesterday for the
irst time Bid. lss Il; asked, 1D. No
ales.
Wall Street.
Moving slowly, with uneven trend,
he market passed the greater part Of
he day. coming much stronger in the |
losing hour, On better foreign news,
etter Mexican conditions and easy /
Iasn't much important gossip. The net |,
there.
Lost Control.
Jersey City, Fex N.-The Lewisohns
'ere ousted from the control Of the Ten
essee Copper Company. when at the