Evening star., 1916-10-30
SHADING Of PRICES
/ Brings LARGER TRADE
Washington Railway and Electric
Common Market Leader, With
+: Sales at 811a.
Bonds Firmer-Owners of 10000
Shares of Mergenthaler Sign
Petition for Extra Dividend.
BY I, A. FLEMING.

There was decided improvement in
the volume of business transacted on
the Washington Stock Exchange today.
The betterment. however, did not eX-
tend to values. which were generally
easier on stocks. although the various
bonds sold showed fairly good tone.
Washington Railway common was the
active leader. with 1855 shares sold, all
at 81 Y, and with 81 the best bio at the
close. while the quoted asking price was
S5-bearing no relation to actual value.
Light sales of Capital Traction were
made at 37s and sass, the latter being
slightly below the last low.
Mergenthaler Linotype shares were
weak at 1885 at the opening, recover
ing to 163%. The impression among
brokers is that the extra dividend asked
by many shareholders will not be grant
ed, the policy of the officials being stat
ed very plainly two yearsc ago as Tor
10 per cent regular dividends; at least
until the recovery of foreign business.
A quotation lot of National Metro
politan stock brought 203, the high of
the year, and eight points advance over
the last previous transaction.
Washington Railway and Electric As
were strong at 80; Graphophone IS
were inclined to be soft at 1924 for
small bonds: Norfolk and Washington
Steamboat 5s sold at the high for the
year. 106. Potomac Electric first 5s
brought 1o57s.
Dividend Declared.
The directors of the washingtonvir
ginfa Railway Company have declared
the regular semi-annual dividend of
2h per cent on the preferred shares,
payable November 1. Books closed
October 81.
Has Large Representation.
1t is understood that the names of
owners of 10000 shares of Mergen-
thaler Linotype stock have been signed
to the petition for the payment of an
extra dividend for the last quarter of
the year.
The contention is made that the earn
ings are large enough to warrant the
increased distributions that the money
needed is in the treasury of the cor
poration and should be paid to the
Will Reorganize Western Maryland.
The Western Maryland Railway Com
pany is to be reorganized. A plan will
be submitted to the shareholders at
special iuSStiu& sCdaieu lOr november
IL. 1t is understood that the plan has
been underwritten by strong syn
dicate: that it contemplates the forma-
tfon of new company entirely, with
$150.000,000 of first and refunding
mortgage bonds: $1S,000,000 first pre-
ferred Z per cent stock. to be cumula-
tive as to dividend, after two years, and
S10.000.000 second preferred. non-cumu-
lative. as well as s50,000,000 common
stock. No fixed rate has been made on
the bonds. rate being dependent on
market conditions when issued.
Greene-Cananea Copper.
With November another So share
dividend will be paid on Greene-Cana-
nea Copper stock. This will make the
1916 dividend 10 per cent, per cent
having previously been paid.
The record of the corporation is ex-
cellent considering the difficulties it
has labored under. Tax and supertax
have been levied against mining COM
panies operating in Mexico. until it has
been difficult to make dividends. The
production of copper has cost the COM
pany about 13 cents a pound. 1t is
stated that the company, despite the
relatively high cost of production, is