Evening star., 1918-12-01
By i. A. FLE1EIMa.

The million dollars of Washington
Railway and Electric Company gen
eral mortgage s6s. part of q recently
authorized issue Of $5,000,0 geo hve-year
bonds, -ssill he offered to the public on
Monday morning. Quite an amount OF
these bonds were purchased BY local
bond houses who will therefore be
represented. in the selling syndicate.
The local capital issues committee
must have approved the bond issue, as
did the utilities. eomsnissien, AZ one Of
the needful financing operations to
enable the corporation to meet the
cost of new and sadly needed equip
ment. It is understood that the bonds
will be put on the market at about 96.
Some Wall Street Straws.
Wall street is waiting for the Presi-
dents farewell address. They hope
and expect, that, Just before sailing
for foreign shore, he may nave
something to say on the proposition od
returning the railroads OF the. nation
to their corporate owners, or the ap-
pointment of practical railroad man
Of James J. Hill type to succeed 70
the Office of director general
There are a number of rallroaoS
that win be welcomed hack by COR
porate owners at any time, and
others that prefer to stay under the
shelter for g longer period.
Discussing the railroad situation at
this time, seems kind of out of place.
for not more than dozen of the
roads have their compensation agree
ment for O year under government
actually signed.
The fact that railroad investors are
backing with ample means and with
the best legal talent that can be OBJ
tanned q suit to recover their prop
critics is evidence of this Willingness
to relieve the government of the con-
troll, with steadily advancing costs to
the public
press satisfaction that politics are
adjourned"
Directors of the LaclSawanna Steel
dividend to shareholders-a straw.
There is also a disposition to hQui-
date copper shares on any strong
spots in the market.
It may be that the President will
not touch on the railroads in his Mon
ten and digest well any statement or
hint that Is made that is of interest
to economic matters.
Some railroad shares were firmer
yesterday on Director McAdoo'S
promise not to further raise wages.
Propose to Consolidate.
It is said that the Treasury De-
partment proposes to consolidate the
selling agencies of war savings and
thrift stamps. and war bonds into
one department under the several
federal reserve banks. with a director
of sales for the unified force.
It is believed that the attractivencss
of the securities will be the main
over, practically. if not actually. with
the appeal to patriotism. etc. less
powerful than in the four loans
fioated.
Many of the men who were prom
inent in the machinery for floating
getting back to their usual walks of
life.
1t is liLeIy that the fifth regional
district will be allotted a bunch of
war certificates and savings stamps
to be pushed before the fifth or vic
tory loan is noated.
It has been announced that the next
hondA issue will run from three to
eight years; that $5,000,0 100000 will
be asked, according to report, but
the hope is expressed that four bill
lions will be all that will be needed
fifth district will probably be regu-
lated by the success that attends the
sale of stamps and certificates.
Suggested as Successor to Secretary
One hears the name of A. Mitchell
Palmer. custodian of alien enemy
property, mentioned more or less
freely as a probable successor to Sec
retary MeAdoo.
Carter Glass of Virginia is men,
toned for the position. The fact that
he was urged to accept a position on
the federal reserve board is said to
indicate that he may be named as
Secretary Of the Treasury.
Southern Railway.
The Southern railway reports to the
Interstate Commerce Commission for
the month of October an increase of
S3,1S0,236 in gross from last year and
increase of s389.5I3 in net. For the
ten completed months of the fiscal
year gross increase of ss1,5S2,Ss9 and
net increase of $6,29S,1s5. The state
Il 40 T~Sy