Evening star., 1919-12-03
LOCAL STOCK MART
TRADING IS ACTIVE
Potomac Electric First 5s in
! Prominent Place on
T Days List.

A considerable degree of activity
was shown in the trading on the
Washington Stock Exchange today.
Potomac Electric first 5s to the
amount of $4,000 changed hands at
sSA in five blocks; $1,000 in Potomac
Electric consolidated 5s sold at 90A
and $1,000 Capital Traction 5s sold at
S4l4
Twenty-seven shares of Washing
ton Gas in two lots sold at so. and
twelve shares of Columbia Graphic
phone preferred sold at 9413.
After call $1,000 Washington Rail-
way As sold at =, fifty-five shares of
Washington Gas at 497s, sixteen
shares of Capital Traction at 90$4 and
three shares of Mergenthaler at 13S.
W.. B. md A. Meeting.
Directors of the Washington. Balti-
more and Annapolis Electric Railroad
Company will meet in Baltimore De-
cember II for dividend action on the
common and preferred There is no
animation as to what will be the
next disbursement on the common
This stock has been paying per
cent quarter IOT some time. though
the management has never ared
the dividend as for any specified
period. Therefore the board is open
s TO make a stated dividend at this time
rate. This is what many of the bank
ers believe will be done.
Jesse H Hedges of the real estate
5rm of Boss & Phelps and H. Louis
+Flemmer. druggist. have been elected
directors OF the Northwest Savings
Bank.
4 Failures in November.
} Reversing the declining tendency of
most preceding months this year,
commercial failures in the United
States during November, as reported
to r. G. Dun & Co, numbered $40 and
supplied sS.636,294 of liabilities. Com
pairing with the only 463 defaults of
October. involving s6,S71,9 ,966, the lat
, est returns disclose a numerical in
crease Of 1sl6+ per cent and an ex-
= pansion of 25.7 per cent in the in
i debtedness, while the November in
solvencies- are more numerous than
I those of any month back to last
March and are 21.5 per cent above
The low record of 452 reverses of July
Wof this year. Yet not in any previous
November since monthly statistics
were first compiled in 1894 have fail
nres been so few in number as in the
present instance, the next best ex-
hibit for the period being the $40 de-
faults of November, 1918. and last
months liabilities, although exceed
ing those of August and July OF the
current year, are the smallest for
Southern Railway Earnings.
Southern Railway. both for october
and ten months, shows small in
crease in gross operating revenue and
a large decrease in net operating IN :
come. Out Of an October gross OF W.
356555 only $930,566 was saved for
net. while out Of ten months gross
of s1O5,7S2,S44 only $7.947,133 was
saved for net. In both instances the
loss in net compared with the corre-
spending periods of 1918 was nearly
three-fourtfls, The Southern suffers
not so much from a loss of traffic as
from increasing expenses. and this
condition is probably attributable IN
large measure to the practice of the
railroad ADMINISTRATION in equalizing
wages throughout the country.
George w. Davison Elevated.
George W. Dawson, vice president
of the Central Union Trust Company
of New York, has been elected presi-
dent and chairman of the board, sue
ceeding the late James N. Wallace.
, Mr.. Davison played a conspicuous part
in the governments liberty loan cam
paigns, although little publicity was
given to him. In 1917 he occupied for
a time the position Of acting deputy
governor Of the federa4reserve bank
of New York, having in charge the
organization Of the redeposit OF gov
ernment funds in the banks OF the DIS
trict- ~