Evening star., 1914-12-10
SALE OF GAS BONDS
ATTRACTS ATTENTION
Outside Bond Houses Investigating.
But Local Interests Will Prob.
ably Be Purchasers.
List of Stocks Admissible to Clear.
ings on New York Market 6at-
urday-Market Gossip.
BY I. A. FLEMING.

+ Tuesday nest the Washington Gas
Light Company will receive bids for
100000 per cent bonds. A number
Of Representatives OF bond hcuses from
Chicago. New York and other cities have
been in the Capital making !nquir!es con-
corning the Forthcoming issue. discussing
possible prices at which the sale will
be made and preparing to enter the COM
petttfve bidding for the bonds.
Some OF the bond men are expecting
to be successful on bids Of par and even
under. but the indications are that they
will be grievously disappointed.
The utilities commission would not
sanction a sale below par. and more
over there will be sufficient local bid
ding to absorb the issue considerably
above par.
Bonds of Washington utility corpora
tions have very high standing with
investors. at prices entirely at vari-
ance with the prices on bonds Of some
of the leading industrial and railway
issues. a condition which foreign bond
houses are just becoming acquainted
with.
The present price for the outstandinf
bonds of the Washington Gas Company,
l04 y bid. gives color to the belief that
the $500, 900 issue will net better than
comparatively small amounts which
will be acquired by investors probably
up to the present market price of 1o44
bid.
Stamp Cancellation Ruling.
While it does not appear in the war
tax law, a decision of the revenue de-
partment makes it compulsory on the
part of persons and corporations can
ceiling stamps of the denomination Of
10 cents and over to affix initials and
date and also TO make three incisions
in the stamp.
A pin. knife or other sharp pointed
instrument might be used for occa-
sional cancellations. but where a BANK
employe has hundreds Of stamps 10
cancel. something speedier in opera
ion is needed. Some of the banks have
obtained a local production. made
after the manner of the ordinary sea-
stamp, which clips three neat incisions
in the stamp. Comparatively few peo-
ple understand that this incieion ruling
is in force.
Local Securities.
One $500 Capital fractions 5s brought
106 This bid for the bonds was 104 II {:
none offered.
Washington Gas 5s were offered at
105, 104A bid.
New York Exchange Opening.
The reopening of the New York Stock
Exchange Saturday will be under re-
strictions and via the clearing house
system, with the approval OF the COM
mittee of five.
The following is the list of stocks in
which transactions will be pernis-
sible.
I, &c bn list nf cfn kG
be cleared from December IL. 1914:
Amalgamated Copper, American Beet
Sugar common, American Can COM
mon. American Can preferred, Ameri-
can Car and Foundry common. Ameri-
can Cotton Oil. American Telegraph
and Telephone Company, Atchison COM
mon. Atchison preferred. Bethlehem
| Steel. Brooklyn Rapid Transit. Cali
fornia Petroleum common. Central
Leather common, Central Leather, pre-
ferred, Consolidated Gas. Corn Products
Refining common, Corn Products Re-
fining preferred. Denver common, Dis
tillery Securities. Erie common. Erie
first preferred. Erie second preferred.
General Electric, Great Western. Great
Western preferred. Ice Securities.
Inter Metropolitan common. Inter-
Metropolitan preferred, Lehigh Valley,
Louisville and Nashville. Missouri. Kan
sas and Texas common, Missouri, Kansas
and Texas preferred. Missouri Pacific.
National Lead, Nevada Consolidated
Copper. New York. New Haven and
Hartford. Norfolk and Western COM
mon, Norfolk and Western preferred.
Northern Pacific. Ontario and Western.
Pacific Mail. Pennsylvania. Peoples
Gas. Ray Consolidated Copper. Read
ing common. Reading first preferred,
Reading second preferred. Republic
Steel common, Republic Steel preferred.
Rock Island common. Rock Island pre-
ferred. Rubber common, Smelters COM
mon. Southern Railway common. South
ern Railway preferred, ST. Louis
Southwestern common. St. Louis South
western preferred. St Paul common.
Sugar common, Tennessee Copper. Tex
as Pacific Third Avenue. Utah Copper,
Western Union Telegraph, Westing-
mouse
No other stocks. even though they
were on clearing house list prior to
July 81, will be cleared until further
notice.
Union Trust Dividend.
At the regular monthly meeting of
the board of directors of the Union
Trust Company quarterly dividend
OF u per cent was declared. payable
January Is. 1915, to stockholders Of