The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-12-14
UNCERTAINTY OF NEW YORK
REFLECTED HERE
Both Stocks and Bonds Show
Slight Falling oH--capitaI
Traction Is Down I Point.
Washington Gas Reduced.
Continental Trust Company
Announces Quarterly Divi-
dend.

First evidences OF sympathetic
weakness with the New oYrk market
since the German peace proposal were
noticeable on the Washington Stock
Exchange today. there being a slight
falling off in both stocks and bonds.
Noticeable among the former was
Capital Traction stock which sold ex-
dividend at So. a full point below the
last previous sale. A total OF 40
shares changed hands at this figure.
with the closing prices SIN bid. So
asked.
Two share lots. which were dis
posed OF before the 10 shares were
Offered. brought S3k. Ten shares
OF Mergenthaler sold for 167h and
after call shares changed hands at
Isl: The closing figures for the stock
The bid for Washington Gas stock
was reduced to 7O1a, with the stock
held firmly at II, at which figure Ave
shares changed hands.
A total OF ffty shares OF Washing.
ton Railway and Electric Company
preferred stock sold at sfIs, which
represents no change from recent
price levels. The per cent bonds OF
the company were weak, however.
sales aggregatlng $1,000 being record.
ed at ~ =. SIN. and 81 y. respective,
weakness, tie only sale being n $500
bond at 1OUA The only other bond
sales were $1,000 WORTH OF Riggs
Realty long 5's at 102.
Directors OF the Capital Traction
Company today announced a regular
quarterly dNsidend OF IA per cent,
payable January I to stockholders OF
record Recember 10.
The Continental Trust Company al.
rectors have declared a quarterly divi.
dond OF ! y per cent, payable January
I, to holders OF record December 20.
and the Union Trust Company has de-
clared a similar dividend payable Jan.
uary 10 to. shareholders OF record
January I.
According to no Wall Street Journal
neither steel manufacturers nor copper
authorities are worrying great deal
over prospects % immediate damages
TO their Industries rs "a result OF the
German peace proposal. Not until peace
II actually In sight do producers Rnticl-
pate readJustment In prices. Tho head
OF one Of the largest steel companies Is
quoted as saying: Should negotiations
fail TO bring the desired results, the AL
lies would be In no position to continue
the war successfully ~, In the mean.
Imports OF steel necessary IN the manu-
facture OF war material. For this rea-
son. peace negotiations, In my opinion.
would result In no falling on ~ con-
sequences In either steel shipments or
new buying"
Plans are being completed for an
Issue OF 100000, 900. bonds by the
United State Rubber Company. Co
take care OF bond obligations matur.
Ing during the next two years as
welt AZ the floating debt, which
amounts to over S2O,OOO.0OO. 10 In
probable that new bonds viii bear
interest at 3 per cent
The South Penn oil Company has
purchased the holdings OF the Enter
prise Transit Company In northwest.
ern Pennsylvania and southeastern
New York. They are said TO consist
OF 10000 acres and 100 barrels a day
production. The price has not been
announced.
Sales OF the n. r. Goodrich Company
for 1916 are estimated at sTO,OOO. 900
as compared with $4,000, 900 In 1915
and sI3.OOO. 900 In 1914.
Operating income OF tho Bell tele,
phone system In the United states for
October. 1915, was sG.37I.TO5, which
represents an Increase OF x5S3,h2l over
income for October, 1913. An Increase
OF 81, 463.ei0 In shown for ten months
ended october 81 as compared with
1915.