Evening star., 1915-06-30
BONDS IN GOOD DEMAND;
STOCKS CONTINUE DULL
Potomac Consolidated IS Lead List.
Columbia Gas and Electric to
/! Retire Some Bonds.
Washington Bidders Unsuccessful in
New York Sale-Lower Bids on
Traction Shares-Notes.
BY I. A. FLEMING

There was good demand for bond:
on the Washington stock exchange to-
day, evidently reinvestment of par
of the July disbursements. but there
was the same smallness of movement
in the stock list.
Capital Traction 5s sold at 105h, ant
Railway As at S1s4, while metropolitan
Railway 5s sold at 104. The bulk OF
the business was in Potomac Electric
consolidated 5s, which were fractional
| ly higher than recent sales, the price
being zoos for quite a Humber OF
| bonds.
The bid price for Capital Traction
was 81. ex-diyidend. while the bid on
Washington Railway common was low
cred half point to S91S- Washington
Gas was held at 1o, with 73 bid.
Lanston sold sparingiy at 60.
Columbia Gas and Electric.
Columbia Gas and Electric Company
| is asking through the Columbia Trust
Company for tenders of it's first mort
gage per cent bonds dated January
| /. 1907. sufficient to exhaust S1,150.000,
tenders to be made by August 9. The
funds for the purchase of these bonds
for the sinking fund came from the
exchange of Columbia Gas and Elec-
tries holdings of East Ohio Gas com
mon and preferred stock for 81 per
cent of the stock of United Fuel Gas
Company. In the exchange Columbia
IGas and Electric received 81, 1,S49. .e5e.
and this sum, with the exception of
about 100000 used to- reimburse the
company for construction expenditures
under it's mortgage, will be used to
outstanding
bonds. The Columbia Gas and Electric
SIS are listed on the Washington Stock
Exchange.
Local Bidders Not Successful.
So far as can be ascertained, Wash
ington bidders for the corporate stock
of the city of New York were not sue
cessful in landing any part of the offer
ings. The total offerings of 41a stock
were s71.ooo.ooo.. There were bids OF an
aggregate in amount of S295,2G!.6Fo ..
from 216 bidders. Washington bids
were generally in one of the syndicat.s.
~ W. Halsey & Co. bid 100.47 for any
part of s25,O00.000 serial stock.
The syndicate included quite a num-
Der Of local investors.
Financial Notes.
At the close of 1914 there were in the
united StdISS l,ooo,Sol ElOlOT cars Sdi
rying people and 44,355 motor trucks,
paying $12.270.036 registration fees
and $427.12S chauffeurs' fees.
The New York Stock Exchange will
|be closed Saturday if the governors ac-
|cept the suggestion of a majority
vote of the members. 1t will be closed
Monday. q national holiday. Not since
|1se1 has the exchange closed three
days for Independence day.
The supreme court of Louisiana has
Sustained a jitney law compelling COM
Ipanies operating jitneys to furnish a
Inv ve-thousand- dollar bond for each ma
.chine and to submit to regulations as to
.routes, hours Of service, etc.
Passports have been issued to five
|epen-hearth steel foremen from Ham
nond. Ind, to Sakchi. India, where
hey will go to replace Germans who
lave been employed by the Tata Iron
and Steel Company.
| The Americans will be paid their
Expenses both ways, and each has a
|centract for three years at $1,000 per
bear. The Tata plant Is owned by In
6ian capital, but was built by Ameri-
|ean engineers