The Washington times., 1917-01-09
W. R. & E. co.'s PREFERRED
STOCK FEATURES TRADING.
Total of 141 Shares Changes
Hands at 81 1-e-common
Stock Attracts No Attention.
Fifteen Shares of Washing
ton Gas Bring II IA and II.
Bond Sales Light, With Two
Sales After Regular Call.

Washington Railway and Electric
Company preferred stock featured
trading at today's session of the
Washington Stock Exchange, a total
of 141 shares changing hands at S2h.
This is the largest volume Of Rail-
way preferred traded in at q single
session in several months, and the
price represents an advance of one
eighth of a point over the last
previous sale. The common stock of
the company, which sold on change
yesterday for the first time in several
weeks, at "a, attracted no attention
today. The bid price was reduced to
76, with none offered.
Fifteen shares of Washington Gas
stock sold at 71H and II, and one
share of Graphophone first preferred
stock sold at 1904. Fife American
Telephone and Telegraph Company
rights sold for 2 1-16 There were no
other stock transactions. Yesterdays
figures on Capital Traction of 1914
bid and S4h asked, remained I'M
changed. Mergenthaler stock was
fractionally off on the bid, which Was
1861, with the offering 1874.
Graphophone common was bid up
from 100 to 162A, with livestock
firmly held at 1874.
Bond sales were light and were
confined to $500 worth Of Railway
$500 at S2H and a full bond at
50. Both transactions were after the
regular call.
Directors of the District of Co
lumbia Paper Manufacturing Com
pany today announced a regular quar-
-
able January 16 on stock of record
January II.
The output of Baldwin Locomotive
Works for the year 1916 amounted to
1889 locomotives. This forecasts a
favorable report of earnings in the
annual report which, Is expected to
be issued in about six weeks.
With the exception OF the 1913 pro-
duction, which amounted to 2,025 To-
comotives, 1916 production was the
largest since 1907. Because OF the
increased size and higher prices OF
locomotives, gross sales are expected
to run considerably in excess of last
year and probably will be the biggest
in the history of the company.
Stockholders of the Cuba Cane
Sugar Corporation, at the annual
meeting, received favorable reports
on the prospects of the company for
1917. Leandro Rionda- general man.
ager of the big combine, stated that
the new crop, while late, was in n
furnishing condition and that the
grinding was proceeding at a goOd
rate. He estimated that the crop for
the new season, exclusive of the Stew
art mill. would be 100000 bags. Ut
about 400 900 greater than last season.
Including the Sewart plantation, the
output, he estimated, would be 4.0O0,-
900 bags.
General Motors Corporation, the
new company succeeding the General
Motors Company, has declared an in
itial quarterly dividend of 81 rer
share on the common stock, and an
initial dividend of one-half Of 1 per
cent on the preferred stock. Both
dividends are payable February 10
stock of record January 20. The OPP
Grating company, General Motors Com
pany, has declared the regular quar-
terIy dividend of IS per share on the
common stock, payable February 1 to
stock of record January 20.
Sales OF B. F. Goodrich Company for
1916 increased more than 30 per cent
over 1915 Inasmuch as sales for the
twelve months ended December 81, 1915,
were approximately $5e.OOO.00o. this
means a gros in the year just ended OF
at least S73.000.000