Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-01
CAPITAL TRACTION Co.
SHOWS GOOD EARNINGS
President Hamilton Reports Surplus
After Dividend and Maintenance
Charges for Third Quarter.
Mergenthaler Linotype Shares Very
Strong, Selling to 1S5 1-2-Bonds
Neglected-Foreign Loan.



Shareholders in the Capital Traction
Company were given the cheering news
this morning, officially, by George e.
Hamilton. president, that the company
had earned it's dividend during the third
quarter Of the year, met all operating
charges and maintained it's usual depreci-
alton reserve. Moreover, a substantial
addition had been made to the surplus
of the company.
There were many who doubted the
ability of the company to maintain all
charges and earn dividends with this fierce
competition of the automobile. the fam
lily machine rather than the jitney. and
the communication of President Hamilton
is therefore all the more welcome.
Here is the document:
ITO the Stockholders of the Capital
ract on Company:
1T is gratifying to inform you that
for the quarter ending September 80
the company has fully met all operat-
ing expenses and maintained its depre-
citation reserve earned its dividend and
made a substantial addition to is sur
plus.
in view of the general business de-
preston. increased by conditions usual
to the summer months and by weather
unfavorable to car riding. this accom-
plishment is very satisfactory. In this
connection II is pleasing 10 nOte, III tHS
increased car earning during the month
of September, trend to normal condl-
tions.
"Since my last communication to the
stockholders the public utilize com
mission as decided to place jitney
busses under regulation. Tie al ounce
ment OF this conclusion. taken in C n
nect.0n with the fact that motor bus
operation has proven unremunsi alive
on 5-cent basis, has greatly educed
the number of jitneys operating III
Washington, result invariably OBJ
served wherever regulation has been
app!.ed
ELefg enthaler Scarce and Higher.
On the regular session of the local
stock exchange nothing developed of
especial impo .tance until Merserthaler
Linotype was called. Rumor has been
very busy OF late with stories OF war
orders. and in the Boston ma ket. the
point of greatest activity in the secur-
ity. the stock has been held very
strongly.
At lsi% forty shares were sold. with
and then 1875 was paid. with snle at tn
close at 1851. an advance of ~
points over the bid price of Thursday.
No stock was offered after the last
transaction under 1861.
Slightly lower bid and asked prices
were developed on Railway and Elec-
trie shares. The usual broker interest
ed in these shares was absent from
the call.
Two sales of Bank of Washington
stock were made at 217h and 220. the
high at the close.
Potomac Consolidated IS were of
The stock exchange will be in ses-
sion tomorrow for the first time since
the last Saturday in June.
Assistant Cashier Chosen.
Harry v. Haynes has been chosen as
sistant cashier of the Riggs National
Bank. He is also president of the
Washington Chapter. American 1nsti-
tute of Banking.
Dividend Declared.
Directors of the Union Savings Bank
declared the regular quarterly divi-
dend of II. per cent for the third
quarter of the year, checks being mail
ed yesterday.
The British-French Loan.
Financial men seem to think that the
great bulk of the British French loan
of $500. 200. 900 will be taken by New
York. Chicago and Pittsburgh inter
ests--cities where the greatest Profits
have been made in war stocks.
washington Will take some OF tHe
bones, but it is believed that 80 per
cent of the loan will be subscribed in
New York city.
Among personal subscriptions it is
expected that John D. Rockefeller, Will
iian. Rockefeller and James Sfillman
will take over 100000 each of the
loan. Other large subscribers named
are Charles NJ Schwab, Charles 4. Cof-
fin. E. G. Converse. H. c. F'rick, Thorn
as +. Ryan. James J. Hill, Cleveland
H. Dodge and Judge Gary. No mini
mum for membership in the syndicate
has been agreed upon.
Controller of the Currency ]. Shelton
Williams has ruled that government
Is not considered as a person, firm or
corporation. and that therefore the 10
per cent limitation of capital and sur
plus that q bank may loan does not
apply 10 loaEs TO government.
No fee will be charged for listing the
bonds on the New York Stock Ex-
change. and they will hold the same
position the exchange as accorded
to New York city and government