Evening star., 1924-04-16
UTILITIES POPULAR
ON LOCAL EXCHANGE
Restricted Demand for Securities,
However, Marks the Days
Session.
HIGHER Jewels rs TREND
New High Records in Freights by
Rail Noted.

Local utilities mopopolized the re-
stricted demand for securities on the
Washington Stock Iyxchange this.
morning. Prices wee but little
changed. slight variat IONS toward
higher levels proving the yule.
Capital Traction stock fuctuated
fractionally between 93hs and 937s,
with thirty-one shares changing
hands, and a small block of Wash
ington Gas stock was sold at 49IA
National Mortgage and Investment
preferred, which is rapidly becoming :
the stock leader in so far as volume,
is concerned. sold to the extent of 10os
shares at Ss.
Trading was dull on the investment
side of the market. Potomac Elcc-
trio Power 6s of 1853 sold to the
extent of $4,000, par value, at 103, and
Gas SKIES changed hands at par and
quarter and one half. Capital Trac-
tion 5s were unchanged at 81.
Bankers Open Meeting.
The annual open meeting of the
District Bankers Association, which
will take the form OF business
NEE citing. followed by buffet sup
per, has been postponed until Mon
day evening. April rs, it was an
nounced this morning. Date for the
affair was tentatively set for April
81, but Easter festivities caused a.
the event have not been decided
upon as yet, but due notice Will
be given members. Harry V. Haynes
circular to the association says.
Officials of the association arc
planning to take care of an attend
nf
speakers will be procured for the
evening, these addresses being aug
mented by reports of the various.
standing committees of the body.
A special meeting Of the stock
holders of the Union Trust Company
OF Baltimore has been called for
April % to vote upon a recommenda-
ton of the board of directors that
the capital stock be increased $780,
600, or from s550,00O to $3.50, 600
Stockholders will have the privilege
Of subscribing for the new stock at
Sl1O share in proportion of one
quarter OF d share for every share
registered in their name.
fIew Records in Freight Handling.
Two new high records were estab-
lisAed oy the class 1 railroads of the
country in the handling of freight
during February, according to re-
ports filed today by the carriers with
the Bureau OF Railway Economics.
These roads handled the greatest
volume of freight traffic, measured
in net ton miles. carried during any
February in history, and the average
daily N ovement per freight car for
the mon tn of February amounted to
27.4 miles per day, the highest for
any Feb ruary on record.
Freight traffic in February amount
ed to 80. 962 421 900 net ton miles, an
increase of 1892, 065,000. or 10.2 per
cent, over the same month last year
ton miles, or 81 per cent, over Febru-
airy, 1920, which was the previous
record month. Compared with 1922.
it was an increase of 1911 508,OOO
net ton mike 8, or 26.4 per cent
In the alstern district, according
to compleu: reports, freight traffic
totaled 1S,6 65S, $4,000 net ton miles,
February Ia st year, while in the
southern di strict it totaled 5,139,-
$4,000 net on miles, or an increase
OF 81 per cent. Complete reports
showed IL, Ii So, 200 net ton miles
IN the west 'rn district, an increase
of 81 per cei It over February, 1928
For the n lonths of January and
February aloa lie freight traffic amount
ed to 7O.463, 1 1900 net ton miles, the
greatest volu me ever handled by the
railroads dur ng the first two months
in any year.
In attaining a daily average move
ment OF 27.f miles per freight car
the railroads of the country in Feb
ruary e&ceedt the same month last
year by two and three -fifths miles
and February 1920, by five and one
tenth miles The average also ex-
ceeoed that Tor January this year
by two and two-fifthS miles.