The Washington times., 1914-03-28
CAPITAL TRACTION
MAKES NEW Low
The Stock Also Becomes Active
on Local Exchange-Com.
merciaI Gains.

Capital Traction became active on the
local stock exchange today. and sold
In considerable volume. One hundred
and thirty-six shares sold at 107, twen-
ty-five more at 1065s, and a final five
shares at 1oS4. making a new low rec
Washington Railway. common. sold at
Sih for quotation lot. and five shares
of the preferred sold at SIN.
Commercial National Bank stock rose
to 1ss today. None was offered under
Initial quotations on Washington.
Baltimore and Annapolis issues were
posted today. The bid on the sommon mon
the preferred and the S per cent bonds.
was 10: on the preferred, 33. and on
the bonds. 81. There was none offered.
There was a good volume CT bond
trading again today. Four $1,000 Capi-
bond sold for q fraction more. Two
Washington Railway 1000 I per cent
bonds sold at SO and a $500 bond at s..
Potomac Electric Consolidated SIS
eased off to par for a s. 900 bond. There
was also sale Of a $500 United States
Registered per cent at 102.
Ten shares Of Washington Loan and
Trust sold at 90, and q shares Ct Gas
sold at s2t.
Except for some improvement in retail
trade brought about by the coming Of
In the weekly reviews Of
the mercantile agencies today. r. G.
Dun & Co.'S review says. In part, as
follows:
Expected Improvement in trade con-
ditions has not as yet materialized, and,
while Indications Of progress are mani
fest in certain directions, there il still
q lack OF uniformity in reports from the
leading centers. A somewhat backward
spring has initiated aginst a normal
distribution Of seasonable merchandise
and outdoor work also Is hampered by
unsettled weather.
"on the other hand, conditions In
wool have improved perceptibly. and
worsted plants are reported to be rum
ming at considerably greater capacity
wear has broadened somewhat with the
advent Of the Easter season, and quota
tions maintain previous frmness.
with tae falling OF in new demands
In iron and steel the price situation re-
lack stability and concessions are noted
In several directions. especially on
plates, bars and shapes. Considerable
structural work is pending and current
business IL Of fair volume.
'Production Of cotton goods Is being
restricted In certain directions owing to
the low prices offered on contracts ind
the high cost Of the raw material. Dis
tribution In jobbinE lines 10 irregular,
3nd with the advent Of higher tcmpera-
tures. special effort will be made to
stimulate the movement OF wash soods.
Advances are still noted on mems wear
for fall. while increased values are also
received on some merchandise for
prompt shipment"
Bradstreet's Review says In part as
"pstaiI axnopds n,h.ra hr;oht n
weather prevails. and jobbers feel some
Of this In orders for the late spring
season., but wholesale trade. industry
and new financial operations go for
Ss;s Sd i, sGsy s.s Sv D:ssTs Suns agd y
iron and steel 1t is claimed that orders
for finished steel must come out II mill
operations are to continue at the pres
ent rate.
prime commercial paper as offered. but
new enterprises are not being floated
largely because bankers withhold
loans
cording to Bradstreets, were 80. as
compared with go last year. Bank
clear'ngs increased A3 per cent over
last year.
A claim that the railways OF the Unit
ed States are under paid SO. .ooo. 900 an
nually for carrying the mails Is made
by the committee on railway mail pay
represe nting 264 railroads handling mail
on 2Is,0OC miles of road. in a pamphlet
Issued today through the chairman.
Ralph Peters. president Of the Long
Island Railroad Company.
The railroads point out that while
postoffice revenues increased over $63.-
.oDn from 1907 to 1912. the railway mail
pay In that time actually decreased
over S3n0.00o before the parcel post was
established.
The pamphlet also shows that al
though the Postoffice Department esti-
mates a further increased annual reve-
nue. of about $50. 00O. 900 on account Of tho
parcel post. no action has as yet been
taken adequately to compensate the
railroads for carrying the increased
buToeE.
Clarence p. King. president Of the
Washington Railway and Electric Com
rany haE issued to the stockholders a
full statement upon the conditions con-
fronting the company. Mr. King re-
views the history of the company to the
present time, and discusses the affairs
f Il l.