Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-30
BONDS IN REQUEST
ON LOCAL MARKET
Anacostia and Potomac
Guaranteed IS Feature.
Other Securities Steady.
BY I. A. FLEMING.

Bonds have reached a price on the
local security market where they Of
fer attractive returns to investors.
and, as a result. some demand has de-
veloped within the last few days. An
interesting sale was made in this line
this morning. when five $1,000 bonds
of the Anacostia and Potomac Rail-
way Company. guaranteed, sold in lots
at 81 They bear per cent interest.
1t is the first sale this year, indeed the
sale is the first in many months. They
have been listed on the Baltimore
market, but were about as dead there
as here.
These bonds are guaranteed by the
Washington Railway Company and
have paid their interest with regu-
Rrity.
Railway As sold today at 81, and
Capital Traction IS at SAG.
Stocks were rather slow but steady
at 81 to 51H for Railway preferred
A1d S534 for Capital Traction, with
little Mergenthaler sold at 1924
and a few shares of Lanston at TN.
Bankers Meeting.
A largely attended meeting of the
District Bankers Association was held
last evening for the consideration Of the
matter of uniform business hours.
1t was admittedly the best meeting the
very generous expression of opinion from
many of the leading bank officials of the
city, with the result that r. n. Harper.
president of the organization. was au-
members, two representing trust COM
papies, two national banks and two
savings banks, to consider the matter
from various angles and endeavor to
work out plan that would be acceptable
to all.
ir vii N nf
the Riggs National Bank, commenting
on the meeting, had this to- say:
1T was splendid meeting, with
some little heat in the debate during
the first half hour of the session. but
thereafter an earnest effort at har-
mony and agreement that should au-
ger well for the future of the organ-
cation.
There are conditions existing in
Washington that make it difficult
committee which the president of the
organization will appoint will. no
doubt, find a way to meet the varied
exigencies and reach an amicable
agreement. The full sentiment of the
association was never more openly
expressed than it was last night
b. & o. Revenue.
The total operating revenue of thu
Baltimore and Ohio Railroad Company
for the month of August. IS reported by
the Interstate Commerce Commission,
was $20,222.0S0, an increase of $1,000
10; while the net revenue deficit was
| but $940,S20, decrease OF sS,S9S.o0e.
The net operating income for the month
showed a deficit Of $1.657,221, a de-
crease of s4,234,510.
From January to August 81. total
operating revenue increased $25, 1I9.339.
deficit of $1,704,43S: a decrease OF
s6.O15,545. Operating income for eight
months showed deficit of $6,315,03S,
decrease Of $7,671,000.
The manner in which the road is wfp-
ing out deficits bears out estimates that
the property will earn for the current
fiscal year somewhere near per cent
on it's common stock
shareholders i'm US. Steel CofDofataen
The United States Steel Corporation
in sending out checks for its last
quarterly dividend on its common
stock, mailed 90.S52 checks, the
largest number of stockholders since
the formation of the corporation. Pre-
ferred shareholders numbered 80,0S9.
During the last three years. the num-
Der of holders of common stock has
practically doubled. The greatest dis
tribution of holdings has taken place
during the last nine months.
This unquestionably means that
many of the big investors have been
shifting their investments; that great
blocks have been split up. and that
the stock is not as strongly held rs
formerly