Evening star., 1920-11-26
LOCAL UTILITIES
HERF0RTUNATE
Holders of Those Securities
Received Fairly Regular
Returns.
nv FLENING.

WASHINGTON investors IN peo
ties. both in tho stocks anu oo"us'
have received, in common WIN o."..
the country over, some severe KNOCKS
and have sustained severe losses Do''
ALI IN All the Washington investor IN
,he utilities securities has been mucn
better OF than the average OF those
carrying public utility shares ana
.onde.
Ho,ders of Capital Traction securi-
,,aS have not missed a dividend or
-.,.~est payment, the washington Gas
s~crrity holder has received 1nte.est
navment promptly, but has sun III
the rate Of dividend paid: the ple,
ferred dividend of the Wasninssu.
Railway Company was oelerIeu,
throushout the entire list OF snares
and bonds of utility companies pay, pay,
nents have been maintained VIII
some little delay. Some minor utiii.S
companies may still be in the "ooos'
with daylight in the distane de;.d and
granted on the showing OF the cor
porations. and the difference oet"seh
income on one side, and cnarSes' M
terest, dividends. etc. has peen TOO
narrow to put the utilities corPor
tions on a sufficiently sale oasls ~
sions that may have to be ultimately
provided for. but the investor mas re re-
,,eived fair returns throughout Ihe
turn has come for lower costs, ano
the utilities should beneft as well as
other interests.
An Unfortunate Record.
AS a real matter OF fact. there is
now in default In the United states
matter Of $511. .520.0 900 Of principai
AstA
bonds and stocks, much of this great
deficit having accumulated in i9io-
1915 but the great majority OF the
defaults, in amount OF 1mpoTeahce'
being in 1919 and 1920. The gas com
banies. electric light and power com
panieS have suffered even ihofo 'loii
the street railways.
1t is when this list of defaulted pay
ments is considered that W asnlns,
ton investors. who have also hSao
their worries. may find some reai
consolation.
Local Securities Active.
Bonds and stocks were both quite
active on today's session on the local
stock exchange. The record was one
of the best of any day for weeks past,
including as it did sales OF hve issues
Of bonds and six issues OF Stocks
Prices were strong throughout the en-
tire list.
extent Of 100 shares at 20A to 20ts;
while lot shares of the preferred
sold ex-dividend at 52A, both lndl-
eating steady price.
Capital Traction sold at Sc, Wash
inRton Gas at 411s, United states
Trusf shares at 11s and Mergenthaler
In the bond section Railway is made
q new high on this movement at
RisSs Realty long SIS brought SO.
Potomac Consolidated So S2k ano
Chesapeake and Potomac 5s SSs4.
Canadian Northern -.
A new issue of per cent bonds
was brought out this morning and
,aken with avfdtiy, books closing soon
after opening. It was the Canadian
Northern railway $25.oo0.o00 per
cent, 20-year bonds. guaranteed Dy
the Canadian government.
The non-callable feature made the
bonds attractive as investors are now
anxious to get their money definitely
placed for long terms.
Inaugufates 10 Per Cent Cut.
pany has closed down its Bridgeport.
Conn, factory for few days. and will
noon reopen with wages 10 per cent
lower.
This corporation fought out the
matter of wages with its employees
will probably have no trouble keep
ing all hands busy on the new scale.
Personal Mentfon.
George W. White. president of the
National Metropolitan Bank, returned
to the bank this morning after an
absence of a. little over a month
abroad.
E. ]. McQuade has been down in
South Carolina for q day or two on
Institute of Banking work