Evening star., 1924-06-03
SECURITIES PRICES
STRONG ON 'CHANGE
Activity in Trading Despite the
Relatively Light Volume of
Offerings.
BONDS NOTED AS LIsTLEss
George A. Fuller Company Inter
ests Show Surplus.
BY CHAs. p. sHAEFFER.

strong tone ruled securities
prices on the Washington Stock Ex-
change this morning despite the reia-
lively light volume of trade. Market
favorites monopolized the session.
capital Traction stock was the real
leader of the session, a total of
tnlrty-hve shares selling at 81. its
way preferred was firm at 72Z, and
national Mortgage and Investment
preferred was fractionally stronger,
lao shares selling at SH. Ten shares
OF Lanston changed hands at 73, and
bne breu.hi snare re- of Riggs Bank stock
Bonds were fairly listless. CAPITAL
traction SIS sold to the extent of
ss'ooo at 91A, with Washington gas
os active at 1ol 4. Railway As were
Shows sc.sso.sas Surplus.
The consolidated balance sheet Of
the George A. Fuller Companv and
the George A. Fuller Companv ia
as OF April 80 last, made public this
morning, shows a surplus of s2659-
632, and total assets of Ss.11I,75o
Cash on hand and in banks amounts
to s1,61s,732. ~"
New business booked during the
year, in addition to unfinished work
IN the previous fiscal years, amounted
to $46,s00,163, Of which s2s,447,434
! was executed.
Ihe company is engaged in con
struction work and also makes A sne
clalty of financing sound building
propositions.
New Bond Offering.
new issue OF $4,000, 900 California
oregon Power Company per cent
bonds, at ssA, yielding about co.
per cent, was today offered the public.
I'M
| petition. electric light and nower n
rorty-four communities in Oregon and
northern California. Gross earnings
as reported for twelve months ended
march 81, 1924, amounted to s1,497,-
500. and net earnings availahle for
interest, depreciation. dividends. etc.
10 SS45,766, compared with annual
interest requirements of s455,51o on
all outstanding mortgage bonds
Ihese earnings do not reflect income
10 De derived from new plants to be
constructed largely from the proceeds
| OF this issue of bonds.
Personal Mention.
Company of New York announced
| that Edward S. Gardner has become
| a member of its sales organization.
representing the company in the
states of Virginia. North and South
Carolina with headquarters at the
Washington Office
Mr.. Gardner was formerly associat-
ed with the General Motors Accept
ance Corporation.
Wistar NJ Balderson of the man
agement of S. Kann Sons Company
| and a vice president of the Standard
National Bank, has severed his con-
nection with the former COMPANY
| His resignation, which was rendered
some weeks ago, became effective yes
| terday morning.
| Mr.. Balderson is remembered as
| manager of the Pa1ais Royal here for
ten years, afterward being affiliated
with Wanamakers in Philadelphia
This latter position he resigned to en-
| ter Kann's.
| His plans for the future will be an
| nounced after protracted vacation.
| Business Before i. C. c.
| The Chicago Northwestern Railway
asked the Interstate Commerce Com
| mission today for authority to issue
| So. $50. 900 of general mortgage per cent
| gold bonds with which to reimburse its
treasury for expenditures made in re-
| firing underlying bonds and for add-
tions and betterments.
The Ann Arbor Boat Company,
| subsidiary of the Ann Arbor Rail
road, today asked authority of the
| Interstate Commerce Commission to
| issue 100000 in s per cent float
ing equipment bonds, with which
to acquire a new car ferry. The
| bonds will be sold at not less than
90.5 per cent of par.