Evening star., 1916-12-14
CAPITAL TRACTION SOFT,
W|THADEcL|NE TO g
Railway Preferred Relatively Steady
at 811I-Bonds in Fair Request.
Values Were Steady.
New Savings Bank for North Sew
enth Street-Several Dividends
Declared-More Gold Received.
BY I. A. FLEMING.

On the Washington Stock Exchange
today Capital Traction shares made a
new low on the present movement. when
they opened at S3A and sold at 81. with
nothing between, ex-dividend. books hav-
ing closed December 10. This would be
s3A with the dividend on or about 2h
points below the high of a few days
ago. The corpora ton is doing salts
factory business. and there has been no
question as to ability to maintain rates
1t is within the probabilities that sell
ing was for the purpose of protecting
other trades in another market.
The bid price for Railway common was
lowered to 20, with 81 asked. The pre-
ferred shares were steady at 81 ".
A little Washington Gas sold at Il.
Bonds were in moderate demand,
with Railway As leading. with sales OF
5000 face value at s1as to sl1s: I ana
tion 5 per cent sold at 1861.
Dividends Declared.
The Capital Traction dividend of
IL per cent is payable January to
shareholders of record of December
10.
3
will receive checks for the regular
quarterly dividend of 2 per cent, on
January 2, books closing December %.
New Savings Bank Forming.
A new savings bank is in process of
organization, the promoter being c.
Pau, who formed the Merchants and
Mechanics Bank and the Provident
Savings Bank some years ago.
The new bank has either purchased
outright or has an option on the site
on the southeast corner of 7th and 1
streets northwest. in the. center of
very prosperous business district, where
IL will be located.
The capital will be. il is said, $780,
000. and many business men in the
vicinity of the location. are said to be
interested.
Several titles have been suggested,
ami. while nothing definite has been
settled. the name Central Savings
Bank" is said to be in favor,
number of business men have been
suggested as president, with F. A.
Lfnger prominently mentioned as a
probability and one or two others be-
ing considered DIR. George C. Haven
ner. president Of the Northwest Saw
lngs. and Frank Rupert are said to be
interested in the proposed new venture
Purely Personal.
John n. Riordan. cashier Of the Bank
of Commerce and Savings. has Just re-
turned from a visit to Richmond, made
with intent of observing the clerical
methods and practices Of the Richmond
regional bank of the federal reserve
system.
Mr.. Riordan, who is an expert ac-
countant himself, was greatly pleased
rEi he md ft06 ty vryhf fNh
some 10000 items are handled daily
without confusion and with great ce-
lerity.
Dividends Declared.
The board of directors of the Union
Trust Company has declared the reg
ular quarterly dividend of IL per cent
on the capital stock of the corporation,
payable January Is to shareholders of
record January 1. books closing Janu-
ary to IA. inclusive.
The directors of the Continental
Trust Company yesterday afternoon de-
ciared the regular quarterly dividend
of IL per cent. payable January / to
shareholders of record December 90.
w., B. and A. November Report.
The November report of the Wash
ington. Baltimore and Annapolis Elec-
trio line is fully up to the preliminary
estimate. 1t was said some days ago
that the gross would be in excess of
100000: it is actually s112.763 and
marks record for the company in this
regard. The final net after all expenses
for the month was $35.433, a gain of
over $1,000 as compared with the cor
responding month last year. For the
eleven months period the gains have
been equally satisfactory and the entire
report shows ample foundation for the
confidence with which the company's
preferred stock is being absorbed and
advanced in the local trading. The re-
port in detail is as follows:
MONTH OF NOVEMBER