The Washington times., 1916-02-09
BONDS LEAD ACTIVITY
! ON LOCAL EXCHANGE

Bonds. as has been the case for sew
eraI days, again led the activity that
developed on the Washington Stock
Exchange today washington Railway
and Electric common stock, and both
the common and preferred stocks OF
the American Graphophone Company,
the latter as q result Of an anticipated
favorable financial statement in rev
days, made substantial advaneeo.
Graphophone first 9 per cent bonds
were traded in at 30, the price that
has prevailed practically since the Issue
was listed. Potomac Electric Tower
block OF $4,000 worth bringing that
figure. The only other bond sale was
a $500 Warrington Railway ana Eiec-
trio 4 at y.
After Washington Railway and Elec-
trlc common stock had been goI'.S Sid ,So-s: Sp =
Of the stock sold at So. or y q point
above the previous sale price. Other
sales included fifteen shares Of Norfolk
and WashinEton Steamboat stock at lsS
to 1856: ten shares of WashinRton Gas
az Is, and twenty-five shares OF Wash
inEton Railway and Electric preferred
at %.
holders of the Arlington Fire Insur-
ance Company with requests that the
shareholders at the annual meeting
On February 20 vote for the ratttica-
tion of the sale of the company's
properly at 1855 Pennsy lvanla avenue
northwest in accordance with an offei
which the directors have received.
At tho sixty first annual meeting o.
the Mutual Fire Insurance Company,
held yesterday at the coInpany's Of
tres at Thirteenth street and New
York avenue northwest, the board .oi
managers was reelected. 1t is com
posed Of George T, bearing. william
A. II. Church, y. Harrison Johnson
+. f. Saul. Frank H.. Burns. James r
l'ctty. and =. kattelmann.
The board organized and selected as
officers George 7, DeRrinR, president
j.. Pierce BOteler, secretary; w. \. II
Church. treasurer: franklin Barrett
bssCss5 and William Reed MacRil
and IL y. simpson, assistant secra.
tHrles.
Luther 4. Schreiner, for more than g
year assistant manager OF the Fifteenth
and II street branch OF the NunseS
Trust Company has been elected cash.
Ter of the Union Savings Bank.
The directors OF the Union Savings
met yesterday afternoon and elected Mr.
Schreiner TO fill the vacancy created bJ
the resignau ton OF c. l.. Bowman sew
eral weeks ago. Mr.. Schreiner n thirty
| three years old, and during his bank
ing career has been connected with thC
National Metropolitan Bank. the Homt
Savings Bank, the United states Trus
| Company, and the Munsey Trust Com
pany.
During the six months ended viii
December the Southern Railway Com
pany expended for improvements Il
| roadway and structures $3,t31, ,591. 40, Al
compared with N,4SS. .266l7 for the sam,
! period in 1914. and 81, tS2 663.23 during thu
same period In 1919.
For every dollar which the South pa Il
to the Southern railway for transports
| ton during December, the company
paid to individuals and industries 10
Gated IN the South for labor, material
| supplies. and other purposes n.l7, as
result Of the, heavy expenditures mad,
by the company for construction pur
poses.
According 10 figures just issued by A
II. Plant, comptroller of the company
| disbursements during December for Ia
Dor material. supplieA. and other pur
poses were 16.Ss1. .5l6, Of which g. .os2 ss
ives paid to individuals located in IN,
South. This total. the comptroller saws
was -tT43, ,t0s in excess Of ali the money
paid by the South to the company 70
transportation.