The Washington times., 1917-01-12
FAIR DEMAND DEVELOPS
FOR BONDS TODAY.
Capital Traction and Washing
ton Railway and Electric Sc
curities Both Active-Ameri-
can Graphophone in Demand.
Washington Gas Stocks Fea-
ture Otherwise Dull List.

Fair demand for bonds developed at
today's session Of the Washington
Stock Exchange. Traction SIS led the
bond list, a total of $4,000 worth sell.
ing at 106K and 1O7. The first bond
sale was a $1,000 Capital Traction 5
at 1O6%, which was followed by three
more at 107.
After call a $500 Traction bond sold
at 1865. It was apparent that more
of these bonds would have been alb
sorbed at the fractional recession OF
1868, this figure being firmly bid.
Washington Railway and Electric
Company 4 per cent bonds sold to
the extent of $4,000 at So. There con-
tinued to be demand for small bonds
OF the American Graphophone Com
pany, sales aggregating $500 being re-
corded at 102k. The bid for the full
Graphophone bonds was 1o1&j with
1924 the offering.
Washington Gas stock featured the
otherwise featureless stock list, with
odd lot sales at Tx and TN. The
bid for the stock in quotation lots
was advanced fromS70h to II, while
the offering was raised to 7l&. This
stiffening UP of Gas stock followed
the announcement that the board of
directors OF the company has declared
the usual quarterly dividend of 1920
share. The dividend Is payable Feb
ruary ! to shareholders Of record jan
uary Is: The transfer books will not
be closed.
Capital Traction sold in odd lots,
aggregating twenty-five shares, at
81. The BID and asked prices on quo
- Ia -
changed at S3& "a.
Ten shares OF Continental Trust
stock sold at 1854, which is the
same as the last previous sale, and
three shares OF Columbia Title In
surance Company stock changed
hands at 9.
The offering on Graphophone COM
mon was lowered from 1874 to 1e3,
with no bid. while the preferred stock
was offered at 1872, with no bid. The
bid for Mergenthaler Linotype stock
was advanced a point to 166, with the
Offering unchanged at 1874.
Stockholders of the Pennsylvania
Railroad Company, at the annual
March 10, will be asked to
approve the agreement for acquisition
Of property and franchises OF the Har-
risburgh, Portsmouth, Mt. Joy and
Lancaster Railroad Company. This
road constitutes that portion of the
main line of the Pennsylvania be-
tween Lancaster and Harrisburg, and
the Pennsylvania now owns over so
per cent of its stock. Stockholders
will be asked to approve an increase
In authorized indebtedness OF the com.
pany to the extent of $75 1000, 900.
This will enable the board of direc-
tors to issue from time to time such
amounts, either OF general mortgage
bonds or of capital stock that has
been authorized by stocI--
holders as may be necessary to pro-
vide for the company's capital re-
in the near future.
Net earnings Of the International
Marine Company for the
past year were approximately $40, OOO,-
300 after deducting the war tax. The
earnings in September, 1t is stated
were $3,70O, 900; October,
s3,e00,0 900; November, in excess OF $4.-
500, 900. and with December earnings
as good as those for November. These
figures indicate a steady and con-
sistent earning power. It IL stated in
shipping circles that the decrease In
earnings on space commandeered by
The British government will be large |
" made up by the increase In earn |
ngs from space offered to the public. |
December earnings for the Lacka- |
wanna Steel Company were the
argest in the company's history. Els |
Inmates place the figure at between |
'1,350O00 and 81 400, 900. The COM
oany's earnings net for stock for the |
year, based on profits so far report |
ID, were between S36 and $50 q share. |