Evening star., 1919-03-12
", B. "a. ROAD
DECLARESD|V|DEND
Two Per Cent on Common,
One and 0ne-HaIf on Pre-
ferred Stock Announced.
PAYABLE ON APRIL FIRST

The announcement is MADE at Bal
timore that The board Of directors
of the Washington, Baltimore and
Annapolis Electric Railwa% Company
at a meeting held yesterday declared
dividend of 2 per cent on comFhon
and IA per cent or preferred stock
to holders of date March 20, payable
April I. II was brought out at the
meeting that the earnings Of the com
many continue to show Increases as
compared with the year 1918. which
increases will he given out at the an
nual meeting OF the stockholders. to
be held later this month"
Bank Directors at Dinner.
The Northwest Savings Bank held its
annual directors dinner Monday even
ing. A detailed report of the bank S
condition was presented by President
Savage and every one was pleased
with the steady growth OF tho instf-
tuition. Short talks were made by Il.
F. Colladay. counsel for the bank; DR..
d, c. Leahy George H Macdonald
Fred L. Fishback and other directors.
There Were present: L. Russell Al
den. J. NJ. Besll. Edward +. Colladay.
r. X. Ferguson. Fred l.. Fishback.
Richard FLETCHER. William b. Follmer.
Herbert 2 Gerald. Daniel c. Leahy,
George H Macdonald. Hubert t Plas-
ter. Francis NJ. Savage. Sidney
Thompson. L. Theunissen and l., E.
White.
Pennsylvania Road Funds.
Stockholders of the Pennsylvania
Railroad Company at their annual
meeting at Philadelphia yesterday
authorized an increase in indebted
Bess of $4,000. 900 and the acquisition
of the Cumberland Valley railroad
Directors of the railroad previously
had approved the new issue and while
the stockholders ratified it, they also
provided that a stock vote upon the
increase in debt shall be taken March
25, the date OF the annual election Of
officers. The S75,0oe,G GOO, it IS pro-
posed, will be raised in general mort
gage bonds. The directors already
had authority to increase the indebt
edness of the company s46. 000,00 50
that the action taken yesterday and
to be taken March IS may raise the
total to s121, 600. 600.
Detroit Gets Railways.
The report has been sent out that
arrangements have been made by
which the city of Detroit will take
over the Detroit United Railways at
a purchase price of s31, 100000. The
company originally asked for ap-
proximately s33,500. 900, while the price
offered by the city was in the neighbor-
hood of SIS. .653. 900.
Sales on Exchange.
On the Washington Stock Exchange
today twenty-five shares of Wash
ington Gas in three lots sold at So u,
twelve shares of Mergenthaler in two
lots at 1917 and five shares at 1874.
After call $500 Capital Traction 5s
sold at 81: thirteen shares of Mergen-
thaler at 135. one share of Washing
ton Railway and Electric common
at so. and 63 shares of Capital Trac-
tion in three lots at S7A.
Gas Company Issues Statement.
The Washington Gas Light Com
pany has sent to its stockholders a
statement OF its dividend aiiocation.
The card to stockholders follows:
For the information of the stock
holders of this company in connection
with the making of income tax re-
turns there is given the following
statement as to the dividend nf s4ss,-
10000 paid during the yaar 1918:
Paid from 1916 earnings, Se.zIS per
share; paid from 1917 earnings
$o.o52S per share; paid from 1919 earn
ings, $l-0322 per share; paid from
years prior to January l, 1913. s2.2375