The Washington times., 1913-01-30
LARGE BLOCK Of
RA|LRAY PREFERRED
SOLD ON 'CHANGE
Five Hundred Shares Sold BY
w. B. Hibbs & Co. to C. c.
Glover at go.

One of the largest transactions in
months on the Washington Stock Ex-
change was made today when Charles
c. Glover bought 500 shares of Washing
ton Railway and Electric preferred
the sale of three shares at 9O1a, no
more of the stock was traded.
Ten shares of Federal National Bank
stock sold at 137k. The bid for Real
Estate Title stock, was raised from 95
to 100. Bank stocks shared Well in to-
days activity. Thirty-three shares of
American National were sold at 10;
thirty-fve shares of National Metro
politan at 205; ten shares of National
Safe at go, and twelve shares Of Union
Trust at 1854 to l37. There was a fair
volume of bond trading.
The annual report of the Chesapeake
and Potomac Telephone Company was
sent to the Senate this afternoon. 1t
shows total receipts of 81, ,625, 220.31. Ex-
penses, administration and thelike cost
ot S2S, ,0l2.5I. Operating expenses were
SSo2, S66.52. Maintenance amounted to
$5i2. 607.20. Rentals, insurance, etc, were
S1S,sio:s 49, Diyidends ,Ia nc and and interest
balance of S1O,0oo.72
The Commercial National Bank direc-
tors will choose a cashier at their meet
ing at 3:30 o'clock this afternoon.
The regular meeting of the directors
of the Federal National will be held
this afternoon at o'clock, at which
It is expected at least one new director
will be chosen.
Charles Fl. Doing, jr., president, and
II. -
tional committee of the Washington
Chapter, American Institute of Banking.
have issued a circular descriptive of
the course of ten lectures by Prof.
Charles A. Douglas before the chapter,
the second lecture of which was deliv-
cred by Prof. Douglas last night
Prof. Douglas took occasion in his
address to point out the growing con-
fusion In the law which Congressman
Paul Howland, of Cleveland, described
at the recent annual reunion of the
Washington Alumni Of Western Re
serve University, held at the University
Club. He criticised the inaccuracy of
law makers, especially those In State
tory decisions handed down by courts.
The course of lectures by Prof. Doug
las is described bv Messrs. Doing and
Spaid as comparing favorably with
those given in universities and colleges
The next lecture will be delivered next
Wednesday night at the rooms OF the
chapter. 1214 F street northwest, and
the other on following Wednesday eve
nings.
A call for the condition Of national
banks is expected soon to come from
the Comptroller of the Currency. The
last call came on November 26. In re-
cent years a November call has gener-
ally been followed by a call late in Janu-
ary. About two months intervene be-
tween calls at this time of the year.
BY a vote of two to one the Maryland
public service commission yesterday ap-
proved the plan of the stockholders or
the Consolidated Gas, Electric Light
and Power Company of Baltimore to
convert its preferred shares into COM
mon without any reduction in the
prices of gas and electricity. The chair
man of the commission, Philip d. Laird,
refused to sign the formal order.
All the common stock Is to be placed
upon per cent basis. After the
transfer the total of common stock will
be s14, ,l60,OsS. At 6 per cent the dividends
on this will be SS49,605. This amount is
S3I2,0z higher than the dividends calcu-
lated by the commission in its recent
order
The order destroys the last hope of
the people for a reduction below so
cents for gas and Sl4 cents for electric
itNrf fp-