The Washington times., 1917-01-03

There was good demand for bonds
at today's session OF the washington
Stock Exchange. with prices firm. Cap
ital Traction Company SIS were par
ticularly strong, a total OF ss'ooO
worth changing hands at 107. COM
pletely recovering from the recent
slump before the holidays when they
sold as low as LOG. Washington Gas
SIS also were in demand at 107. three
fuIl bonds and Ave $500 bonds selling
at this figure. Two $1,000 Potomac
Consolidated SIS sold at 101 y, frac-
tionaI gain over the last previous sale,
and a Norfolk and Washington Steam
boat 5 brought 105k. A $1,000 Graph
ophone LIST s brought 101h and $500
bond Of the same company sold for
101%.
The stock list was almost neglect
ed. The only sales recorded were
twenty-five shares of Arlington Fire
Insurance Company stock at S5, six
shares of Real Estate Title stock at
rs. and twenty shares OF Lanston at
74S. More Arlington Fire stock was
wanted at 81, but the Offering was
advanced to SIS after the sale Of this
lot.
At the annual meeting of share
holders of Firemen's Insurance Com
pany yesterday, the old board Of dt-
rectors were reelected for the ensu-
ing year. with the exception of Henry
w. Onfutt, who was replaced by Ar
thur Carr. The board as reelected
includes Willard T. Dixon, George =.
Gertman, Parke A. Galleher, Albert
w. Howard, Charles H. Kindle, Sam
uel S. Lutz, George w. Moss, John. ID
Snyder, Allan E. Walker, James M.
Woodward, John L. Edwards, ana
Leonard w. Groomes. The directors
reelected the old officers, as follows:
Allan z. Walker. president; George
w. Moss, vice president; William NJ.
Hoffman, secretary, and James N.
Fitzpatrick, jr., assistant secretary.
The Boston Post Is informed that
one of the highest officials OF the
United States Steel Corporation ex-
pressed the opinion that 1t the jan
uary meeting the directors will de-
clare a dividend of IS a share, to be
designated as $1.75 regular and 1925
eytra, thus increasing the regular
rate from IS to 81.
An extra dividend of so cents a
share, in addition to a quarterly div
idend of $3.50 a share. payable Feb
ruary Is to stockholders OF record
February 1, has been declared by
the Miami Copper Company. Miami
began dividends in 1912 at the rate
of 50 cents a share quarterly. but the
dividend due in October. 1914. was
deferred. Disbursements were resum-
ed in April. 1915. The current rate
of $3.50 q share was ordered last
April.
New York Central, all lines, reports
a net decrease in revenues for No
vember, 1916, OF $1.131.076, as COM
pared with 1915. For a period OF
eleven months ending November so,
a net increase of S63, .94S Is shown.
United States Rubber Company has
ordered an advance in tire prices.
effective at once. which averages 10
per cent for castings and 10 per cent
for tubes. The B. F. Goodrich Com
pany also has advanced tire prices.
The advance ranges from per cent to
Is per cent, but applies only to cases.
The Kelly Springfield Tire Company
il expected to order an advance OF
about 20 per cent within the next
few days. Goodyear has ordered an
advance OF is per cent on tire prices.
Following the warning issued by
the Federal reserve board against
lied governments. every effort has
been made to reduce commitments in
this country. and already between
$500. 900. 900 and 100000 e in NUM-
tions orders. which would have been
placed here. have been diverted to
Canada. according to the Wall Street
Journal
1T is now learned on good author
ity," continues the Journal, that the
movement has extended to the actual
cancellation OF contracts for finished
munitions previously placed in this
country, to the amount OF over $780,
600, 900. These contracts were so
drawn as to give the option to the
allies to make cancellations by the
service OF formal notice that the sup
plies would not be required. In other
cases there were contingent commit
ments. and options which have not
been exercised"