Evening star., 1924-04-01
WEAKNESS MARKS
LOCAL SECURITIES
Favorlte Issues Still at Low
LeVelS-BuSiness Passed
in Review.

Local securities continue TO display
considerable weakness on the Wash
ington Stock Exchange. In todays
trading favorite issues retained their
low levels, with Capital Traction
Gas stock pegged at 49A Railway
As were in fair demand, $4,000, face
value, selling at their established
level of 70. Capital Traction 5s, on
the other hand, were slightly strong
er at 9714, and a Gas bond sold al
par and a half.
Preferred stock of the Nationa
Mortgage and Investment COMPANY
was the real leader of the session, d
total of 300 shares changing hands at
S5s. Ten shares of Real Estate Title
and Insurance Company sold at 140-
Local bankers and brokers Were
warned this morning that a $500 City
of Frederick Va, 4 per cent
coupon bond, due in 1886, had beer
stolen and attempt would probably
be made to put it in circulation in
this city. The number of the bono
is 231.
w, B. and A. Net Income.
The entire board of directors of tn
Washington, Baltimore and Annapolis
! Electric Railroad Company was re
detected Yesterday at the annual meet
ing of the stockholders. The directors
lrenamed all officers.
A surplus Of s64 900 in w, e. and A
railroad profit and loss, as we'll as all
fixed charges and dividends on the
preferred stock. was earned during
1923, according to the annual report
The net income Of the company in
1929 was Sl69669, as compared with
$240,1J3 in 1922, Il decrease Of $50, ,4S4,
which was due mainly TO the fact
that there was an increase OF All per
cent in the operating ratio.
The railway operating revenues for
the year were S2420.161, rs against
$2433,oG7 in 1922, a decrease of less
than $4,000, while the net operating
expenses in 1929 were $l,T94505, as
compared with S1,6S9,651 in 1922.
Bankers' Council to Meet.
The spring meeting Of the execu
tive council of the American Bank
ers' Association will be held at the
Bon Air-Eanderbilt Hotel in Augusta,
Ca, April % to May /.
The eastern district regional con-
ference of the savings bank division,
American Bankers Association, will
be held April - and % at the Com
modCre Hotel. New York city The
conference district includes all the
territory east of Ohio and north OF
South Carolina. This conference, TO
which all banks in the district are
invited to send representatives, is
the last of four regional meetings
held under the auspices of the
savings bank division, others already
having been held at Los Angeles,
New Orleans and Chicago. The pro-
gram will present practical eX
pericnces in the savings field by sue
cesSful bankers and it promises to be
q meeting we'll worth attending by
bankers Interested in the savings
field.
surpIgs of s15.502,617 Noted.
! Report Of the North American Com
ipany and subsidiaries for the twelve
months ended February % last,
lshows a surplus of Sl5.502,6l7 after
taxes, interest and preferred divi-
idends. but before depreciation, com
pared with the surplus of $11,6SS.712
| after taxes, interest and preferred
dividends, but before depreciation in
| the previous year.
On February %, last. the total OF
! electric customers served reached
603,S34. an increase of 23.59 per cent
| in twelve months, and the electric
output amounted to 2,20S, ,241,717 kilo-
watt hours, an increase of 27.67 per
lcent.
| Lectures Scheduled.
! p. Gordon Finney will lecture to
| the elementary class. Washington
| Chapter. American Institute of Bank
! ing. on "Accruals and ADULTS" tonight
! Tomorrow night Raymond Z. Dickey
| will speak on Notice of Dishonor-
/ Protest" before the law class.
! ON Thursday night +. J: ponohue
! will lecture on Loans and Discounts
Ito the standard banking class and on
! Friday night Carl V. StarkIoff will
! address the credits class on Com
mercial Credits"