Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-07
VERY ACTIVE TRADING
IN LOCAL SECURITIES
Both Bonds and Stocks Move Freely.
Capital Traction Shares Sell
Off to 87ia.
Railway Preferred Eas ier-Annual
Meeting of the Washington
Gas Company Held.
By I. A. FLEMING.

Investors were decidedly active on thu
Washington Stock Exchange this after
noon, operating on both sides Of the
market, and trading heavily in botf
stocks ana bonds. 1t is probable that
bankers were buyers of a large part
of the bonds that were sold, Railway
and Electric As leading in this activity
with sales of s12.5o0 on declining
scale from SOS to so u at the close with
a small bond at 81.
American Graphophone IS were fr
fair request at 80, while Potomac Con-
soiidated 5s were little lower. selling
at 9sN.
In the stock list the feature was the
development of weakness in Capital
Traction shares. over hundred
shares were sold. opening at IS. and
from there to sly, with the stock Of
fered at the inside figure, and ssh
the official closing bid.
Railway preferred was not as strong
as during the preceding week, although
the sales were not very large, but the
price eased to IS and the closing was
s2A bid.
Washington Gas was decidedly hrm
ut &c.
Lanston Monotype shares sold. one
quotation lot only. at So. and odd
shares Of Mergenthaler at 1871 to 1855.
Washington Gas Ligh Co. Meeting.
The annual meeting of the Washington
Gas Light Company, held at noon today,
was not largely attended. but a very large
proxy vote was polled.
President Reside called the meeting to
order and read his annual report, Of which
the following is an extract:
During the past year the company Of
- he 6ref r.
Kase per cent coupon bonds. which were
to reimburse the company for moneys
spent in extensions and betterments. No
tice was sent to the shareholders with ref
ererce to this proposal and also printed
in the daily press.
THE company was able to sell all
the bonds at not less than 1o3 and
interest from November l, 1914. The
proceeds of the sale of these bonds
were used to extinguish the bills paya-
BILE, and the company now has no in
debtedness of any kind except the cur
rent bills and expenses.
During the year the assets have in
S41.0s; $24.271.50 was refunded to con-
sumers who have deposits with this
company: also, at the suggestion of
the public utilities commission. the in
terest rate on consumers deposits was
increased from to per cent. A
change in the policy Of the company
. with reference to the refunding OF con-
sumers' deposits has been inaugurated.
During the year the company was
eble to make a satisfactory oil con-
tract for large amount of oil. which
will last for three years. This has re-
suited in a large saving to the COM
pany in it's cost of manufacture.
AT the west station works four new
ExS Setg va .
which will enable the company to man
ufacture in the neighborhood of S,000.-
900 cubic feet per day of water cash.
New feed water heaters were installed
at the west station. which should re-
suit in a large saving of boiler fuel.
A new blast pipe has been installed and
the water gas condensers and scrubbers
have been overhaufed-
The company has made a fnal pay
rnent of the Indebtedness for the pur-
chase of Analostan Island and now
owns it free of debt.
The United States government de-
sires to connect Rock Creek Park and
the speedway by a boulevard. part of
which runs through the company's
property at our west station works.
The company has bent every energy to
facilitate this project in the public In
terest and has made proposition to
the United States government which. II
accepted, will clear up the question of
title as to the river front at the west
station works which Is SO vital TO the
operations Of the works.
For the protection Of our con-
sumsrs and employees we have added
TO our pulmotors a frst-aid emergency
kit and have given some instruction
drill to employees in the use of this kit.
I'm all the various branches of the
company renewed activities have taken
place, and the faithful and loyal dispo-
sitions on the part Of the employees
have created most helpful company
spirit"
The entire board of directors was re-
elected without opposition. President
henceforth IL would be the policy of
the company to pay for improvements
out of earnings. and no further bond
issues would be made II it could be
avoided.
The annual report OF the corpora
ton in full. showing net income for
1915 of SsS0.sos. was published in yes
terdays Star.