The Washington times., 1917-01-25
DEMAND FOR STOCKS CON-
TINUES TO BE Excellent.
Railway and EIec-
rite Company Preferred Lead
ing List-Broker Offers to
Buy Any Part Of 1000
Shares of Railway Common
at So-odd Lots of Capital
Traction Sell at 81 ga.

The marked broadening OF trading
on the local market which broke rec
ords OF several. months in volume OF
business yesterday, was in evidence
again at today's session. Demand for
stocks continued excellent, with
Washington Railway and Electric
Company preferred stock leading the
list.
A total of as5 shares of the stock
changed hands at prices ranging up
ward from S3h. with an odd lot SELL
ing at 81. The stock was snapped
up as fast as It was offered at s3h
until the floating supply apparently
had been exhausted. Odd lots sold
at san, S3H and 81. At the close
sax was bid for the stock in Quita-
ton lots with the lowest Offering san
Railway common also was strong
today, the bid being advanced from
7sK to so. with sou the lowest Of
fering. The broker who bid the stock
up to so offered to take any part OF
1000 shares at this figure.
stock. which attracted attention by its
Norfolk and Washington Steamboat
spectacular selling yesterday. showed
little. activity today, the only sale
being a 10-share lot at 152.
Odd lots OF Capital Traction stock
sold at SAN, and SAN was firmly bid
for quotation lots of the stock.
=. Other, stock sales included odd lots
OF Washington Gas, aggregating
twenty-five shares, at M, eleven
shares OF National Capital Bank stock
at 222, i've shares OF Union Trust
Company at 125, and twelve Heal Els
tate Title at so.
Ifof. aEA
fined to two $500 Washington Gas SIS at
l07, two Traction SIS of like denomination
at the same figure. 5000 Railway. Is at
SlN, and $500 bond at sna. and 5000
Graphophone LIST SIS at 10zh.
Details for the banquet of the Dis
trict Bankers Association, which Is
to be held at the willard, February
%, are to be discussed at q meeting
of the committee in charge late this
afternoon in the federal National
Bank building. John Poole, who Is
arranging for speakers, will report
at this meeting. z. S. Wolfe, cashier
of the District National Bank, is chair
man OF the committee.
Milton c. Elliot. counsel for the
Federal Reserve Board, is to lecture
to the class on Banks and, Banking
of Washington Chapter of the Ameri-
can Institute OF Banking, on UNITED
States Banks" tonight In the chap
ter rooms, 1914 r street.
Directors of Sears Roebuck and
Company recommended a stock divI-
dend Of rs per cent in common stock,
payable April 2 to stock of record
March !. Is. It was also announced
that the regular dividend rate on the
common stock will be raised from
per cent to 8 per cent.
An extra dividend of 81 q share
on its common stock, in addition to
the regular quarterly dividend of IN
per cent, has been declared by direc-
tors Of the Norfolk and Western Raff-
road Company. Both dividends are
payable March 10 to stock OF record
February Is. e.. .-.
3. F. Goodrich Company reports net
earnings of t9,550,000 for the year
ended December 81. 1916, a decrease
of S2,715.679 compared with 1915.
After deducting dividends of $780,
900, there is left available for COM
mon stock dividends S7.Sso,0O0 or
1873 per cent This compares with
i7.17 per cent paid in 1918.
Pressed Steel Car Company has de-
clared a quarterly dividend Of $1.7b a
share on its common stock. and the
regular quarterly dividend Of 31.76 on
the preferred stock. The common dis
bursement represents an increase oil
rs cents a share OF the dividend OF
last october.