The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1917-01-23
BONDS CONTINUE TO ENJOY
FAIR DEMAND.
Strength of Public Utilities
Stocks Reflected in Prices
Bid and Asked-RaiIway as
Are Favorites, $1,000 Worth
Traded in-Potomac Electric
Consolidated Mortgages Ad-
vance FractionaIIy.

Bonds continued. to enjoy fair de-
mand at todays session of the Wash
ington Stock Exchange, while
strength of stocks. particularly the
public utility issues, was reflected in
the bid and asked prices.
Actual trading was confined almost
entirely to bonds. with Railway As
the favorite A total Of $4,000 worth
of these were traded in-S2. 900 during
the regular call at 81 x and after call
an additional $1,000 worth changed
hands at 81 That there is excellent
investment demand for these bonds at
around ~ is indicated when ii Is re-
membered that today's sales followed
sale Of $4,000 worth yesterday, at 81
and SSl5.
Potomac Electric Consolidated
mortgage SIS sold to the extent Of
$4,000 worth, at 1O2, which is a frac-
tional advance over yesterdays sale
price. Small American Graphophone
Company 6's sold at 1O2%, and a full
bond changed hands at 1O2h.
Stock sales were confined to two
transactions, two shares OF Washing
ton Gas at Il n, and six shares of Se-
curity Storage at 1872. The bid for
Washington Gas stock in quotation
lots was Il u, with the Offering at
12A.
Washington Loan and Trust Com
pany stock continued to attract at
tention today, and there were in
quiries for offering price on 800 and
500 share lots, with none forthcom-
ing. The bid for quotation lots was
243, with $50 the offering.
80 II
stock was advanced to So, with S41a
bid. The bid for aRilway preferred
was advanced from S2h to S3A, while
the offering was advanced to SAN.
The figures on the common were 1914
bid, S0E asked.
Merganthaler Linotype stock was
bid up from 166 to 1914. while the
offering remained unchanged at 169.
J. L. Burns, assistant manager of
the foreign department of the Ma
tionaI City Bank of New York. last
night addressed the postgraduate
class Of Washington Chapter OF the
American Institute of Banking on
Foreign Exchange" Roy L. Neuhau-
ser, of the Munsey Trust Company.
who is president of the chapter, pre-
sided and introduced Mr.. Burns.
Bethlehem Steel directors at their
meeting this afternoon are expected
to authorize the Issuance of $4,000
900 additional common stock, of
which $30.OOO,000 will be given to
stockholders as a bonus, and $4,000
900 is to be offered to stockholders
at par. This will bring the total
stock issued up to $50, 900, 900. which,
II is understood, will be placed on an
annual dividend basis OF SO per
share. This would be equivalent to
$40 a share on the original $15.0oOIOOO
common stock.
An issue of $50 200, 900 series A
first mortgage thirty-year 8 per cent
gold bonds, to be offered in exchange,
par for par, for American Shelters
Securities Company B stock. has
been approved by the directors OF
that organization. The proposed is
sue. II is explained, is only for eN-
change purposes, and will not aod
any obligations. since the B stock
carried . per cent dividends, guar
anteed. The plan will become opeI-
alive, it is stated, only in the event
of its acceptance by holders OF a SUI
ficient amount of stock to justify
the exchange.
Stockholders of Standard Oil of In
diana, at a meeting March !, are to
vote on a proposed increase in the
authorized capital stock from $50
OOO. 900 to S1OO.OOO,OOO. In addition
to increasing it's capital stock, stand
ard OIL of Indiana plans to perfect
arrangements so that it can enter
into the production and transporta-
ton OF oil. At present ii is a REIN
ing and sales company only.