Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-08-13
INJUNCTION IS BAR
TO HIGHER RATES
Potomac Electric Company
Finds Court Order in Way
of Increase.
by !. 4. FLEMING.

III would seem as if there was small
chance Of any increase in rates being
granted to the Potomac Electric Com
rany, so long as the injunction obtained
by the corporation against the commits
sioners in the matter of the cut from 10
cents to cents in the price of current.
made over wear ago. is still i'll force
II is within the probabilities that the
commissioners would he willing to yield
concessions to the company, provided
this injunction was vacated.
The amount Of money involved in the
contention is Large and increasing daily.
1t is understood that over 81 100000 has
been accumulated in escrow. money that
viii belong to the consumers of cleo
tricity if the higher court ultimately
sustainS the opinion of Judge Mccoy.
against the Potomac Electric Compan ny.
With the Importance of the whole
question to the Potomac Electric Com
rany. and the large amount of money
involved. the officials of the corpora
ton viii not yield to the request for
vacation of the injunction, although
willing to secure its modification.
\ modifica ton is not satisfactory to
the commissioners. who desire that
litigation shall be abandoned.
Hence il is that claims for higher
rates are likely TO be turned down. at
least so long as the present utility
commissioners are in office.
Pressing Its Claims.
The Washington Railway and Flee
tric Company, is pressing the Wash
ing Virginia railway for a settle
ment of a claim of considerable pro-
portions for power furnished. The
company is still furnishing current to
the Observation-Disclosures Railway
Company. but is drawing down some
$500 a day cash therefore.
just a Few Coupons.
The Post Office Department has COM
piled a statement from the annual re-
ports of the international bureau of
the international Postal Union. Berne,
Switzerland, showing the total num-
Der of international reply coupons is
sued to all countries in the world,
which have adopted their use since
1907 up to and including December 81,
1919
Total value of all coupons issued
s1.349,253. with the total value of re-
demptions, S49S.6S2. Ponzi's alleged
enormous dealings in reply coupons
seemed to be stamped impossible by
these figures.
Activity in Local Market.
There was more doing in the local
market than for some time, investors
finding shaded prices sufficiently low
to warrant the taking over of mod
crate amounts of both stocks and
bonds.
Capital Traction was stronger.
small lot selling at So z and a twenty
fve-share lot at S6A. This was about
the strongest stock in the list in
which transactions were recorded.
Railway preferred was steady at AZ.
with Washington Gas easier at 43A.
In the bank shares Washington
Loan and Trust figured at 255 and Sc
curity Savings and Commercial at 1913.
Ianston sold to the extent of thirty
shares at II.
In the bond section Railway As were
active to the extent of $4,000 in lots
of $1,000 each at So y, with an added
$1,000 bond at So Il
Potomac Electric consolidated SIS
were off to 81.
Personal Mention.
Beverly P. Evans. treasurer of z. L.
Stock & Co. has gone to Asbury Park
after a short business visit to New
York city.
Crane, Paris & Co. to Move.
Crane, Paris & Co. investment
bankers. 72S 18th. street. will shortly
remove to S23 18th street. Immediately
south of the Liberty National Bank.
The building in which they are now
located has been purchased by the
American Security and Trust Com
pany, and will soon be occupied by
the company, giving it an Increased
frontage on 18th street. In time it
will be used for a site in connection
with the new building which will one
day be erected by the trust company.