The Washington times., 1916-12-29
ABAND0NS QUAR-
TIERS IN ADAMS BUILDING.
viii Convene In New Rooms
Next Tuesday - Transao-
lions Today Are Very Light.
But Few Sales Of Stocks and
Bonds Are Recorded-Wash-
ington Gas and Odd Railway
Lots Change Hands.

When President John l.. Edwards,
of the Washington Stock Exchange,
picked up an old, old gavel and rap.
battered desk indicating the close OF
today's sehsion, and Secretary "Nick"
CIaughton read the record OF trans
actions, the final chapter was written
Of the history OF the exchange In the
old Adams building, which has been
Its homo for moro than twenty-five
years.
In accordance with n resolution
adopted early in the week, the ex-
change adjourned until Tuesday, whom
members will assemble in the new
quarters I'm the Stock Exchange build
ing. In Fifteenth street.
Like in oliver Wendell Holmei
'Chambered Nautilus" they will enter
their new quarters Tuesday and III
know the old no more" for not only
will the quarters be new In every
respect. but every piece OF furniture
will be new as well. The desks,
chairs, and other fixtures Of the old
building have been donated to various
charitable Institutions In the city.
The new quarters are light and
airy. and tho new board Is OF the
modern card number kind showing
the quotations. In place OF the old
chalk board which has been used for
years at the old quarters. Four large
windows facing on the west OF the
building. Just opposite tho board. af-
ford ample light, so that no artificial
lighting will bo necessary.
Today's transactions were very
light. az had been expected, only n
few scattered stock and bond sales
being recorded. The latter included
5000 Railway as which sold at SiE
and SK, and n $1,000 Graphophone
LIST 9 at I0ik.
A quotation lot of washington Gas
stock, the hrst In some time, sold Mt
7oh. and odd lots, aEgreEating II
shares, changed hands at the same
ngure. Odd lots OF Railway preferred
sold at 81 and 81 y. and ~ shares OF
Traction stock sold at S3h.
An Increase In the extra dividend on
tho common stock OF the United States
Steel Corporation IN expected when the
directors hold their January meeting.
In recent quarterly dividends per
cent has been paid In addition 90 the
regular ~ per cent on the issue. Earn
ings OF the corporation are estimated
at from sioo.ooo.ooo 20 tiio0oo.0oo for the
quarter. II 10 felt by many that an
increase In the extra 10 ~ or per cent
In fully justified under tho circum-
stances
An extra dividend OF nan a share. In
addition 20 the regular semi-annual pay
ment OF - share has been declared
by Wells Fargo and Company. both
dividends are payable January 20 20
stock or record January a This extra
IN the first extra payment
since December. 1900. when the Juicy
300 per cent dividend payment was
made.
Although no definite decision as 10 the
Steel dividends for the year
1917 has been reached. u In believed that
The directors at their January meeting |
will declare the regular dividend OF so |
a share and an extra dividend of so |
One OF the large shareholders n re- |
ported as seeking TO place tho stock on |
4 basis OF 200 n share annually. In adj |
alton 10 a 500 extra distribution. IL |
10 not expected. however. that any such |
arse dividend will be declared. Charles |
". Schwab says Bethlehem proposa 10 \
pend ti0.0oo.000 for new construction.
This. with the acquisition OF the /
Steel Company and the /
American Iron and Steel Manufacturing
Company will require large Increase
n working capital
Virginia Carolina Chemical Company
ias resumed dividends on its common
'tock by declaring n dividend OF rs cents
! share. payable February 10 stock
n record January Is The last COM
non stock dividend was paid in Febru-
ny. 1914