The Washington herald., 1920-12-05
W.B.&A.STATION'
] TOOPEN SOON.
New Railway Terminal in Northwest
Sectisn Expected to Begin 0p-
Grating January I.
OTHER FINANCIAL NOTES
Local Trading Slumps Materially
B. & o. Places Large Order
W. M. Ry. Earnings.

The new terminal of the Wash
izSron. Baltimore and Annapolis
! Electric Railway, covering prac-
ticaIly the entire block on the south
side of New York avenue north
west, between Eleventh and Twelfth
streets, will be ready. 1t is hoped.
for the operation of trains by jan
uary 1 next. according to official
advice received from Baltimore
headquarters yesterday. -
During the year 1917 the increas-
ing volume OF traffic. from and to
Washington made 1t. apparent that
It would be necessary soon to Sc
cure increased terminal facilities
here.
After a careful inspection and
consideration of a number of prop
critics the above location was Sc
lected as the most favorable site for
the location of a station This site
was secured in the early part OF
1913 at a cost, for the property, OF
, approximately 100000. and plant
for the necessary tracks were pre-
pared in that year. These plans
call for an expenditure of about
s150,0OO for the material and labor
for installation Owing to the
great demand for steel the special
work necessary was not delivered
until this fall, the last lot being
received in November. Since that
time work on the tracks has been
carried forward with all possible
speed.
For the present, the existing
buildings at the corner of New York
avenue and Twelfth street north
west are being remodeled to serve
as waiting rooms, ticket office. bag
gage rooms. etc, but it is the in
tention to later erect either for the
exclusive use Of the Washington,
Baltimore and Annapolis Railway,
modern and complete station build
ings or % improve the property
with a large office building or no.
tel, Incorporating therein the nee
essary station facilities for the use
of the railway company.
Trading on a par with the light
est fop the past week was witnessed
on the Washington Stock Exchange
yesterday morning.s Due to the
single sale of bonds recorded, this
class Of security lost most of its
prestige. gained during the previous
session.
Mergenthaler Linotype proved thA
real leader OF the session. 20 shares
in all being disposed of at prices
ranging from 12o to 1909, the ad-
vance of half a point being credited
to one-half the sales made after
call. Washington Railway prefer
red held steady at 53B, two shares
being disposed of.
A sale of Is shares of Capital
Traction stock forced this issue
back to S5A. while Washington Gas
remained firm at 40h.
The only bond sale recorded was
in Potomac Electric Consolidated
SIS. $1,000. face value, being traded
in at S2h.
Orders for steel rails aggregating
$4,000 tons. for next seasons de-
livery, have been placed by the Bal
timore & Ohio Railroad Company
with the United States Steel Com
pany of Chicago and the Bethlehem
Steel Company at Sparrows Point
This involves an expenditure of be-
tween s3.500,oo0 and $4,000. 600. ac-
cording to advices received from
Baltimore yesterday.
The report of the Western Mary
land Railway for November, COM
pared with the corresponding month
in 1917. shows a gain in operating
revenues of s969.3s1. while the oper-
ating expenses increased in proper
tion, having shown a gain of 1884,
SIS The net comparative income
showed a deficit of s5.451 for the
month.
Among the Washingtonians to
join President-elect HaTding's party
at Norfolk on Friday was Edward
l. Stock, head of E. l. StocA &
Company, local brokers.