Evening star., 1925-04-06
v. R. & T. COMMON
SE[LSAT NEW HIGH
LanSton Monotype Also Ac-
tive Today-B. & 0. An
nounces Financing Plans.
BY CHAs. p. SHAEEFER.

Common stock of the Washingt
Railway and Electric Co. divided
honors with Lanston Monotype on
the local Stock Exchange today Tho
former, after a week of inactiyitv
sold to the extent of 90 shares -
lOS Il, the highest recorded price for
the issue, while the typesetter Sc
curity was firm. but unchanged. a.
81, a total of 144 shares changing
hands
Capital Traction stock gave cvi-
dence of returning strength selling
TO the extent of 25 shares at % De
partmental Bank advanced to a new
high leYel when three shares we~e
sold at az
BOND trading was monopolized by
utility issues Railway As were iu
good demand at 1914, with Gas IS
advancing fractionalIy TO a9l4 and
SO Capital Traction IS were un-
changed at 98
New Financing Holds Up Well.
New financing operations slowed up
only lnconsiderably in March, the
grand total of $467 ,037.1SO comparing
with 475,027,235 the previous month
and with s288,933,100 in the same
month Of last year. The total domes-
tic issues of bonds, notes and stock
OF railroad, industrial and public
utility corporations was S41O,337SIO:
foreign corporation issues amounted
to $43,1O0,oO0, and foreign government
issues to s13,00O.O0O.
Domestic corporate financing for
the first quarter of the year estab-
lished a new high record with a to-
tai of $l,293 ,182,1J0 against $933,52S-
O45 in the corresponding period of last
year and with s1,220.273.365 in 1929
OF this years financing SSS4,642.500
was in bonds, s242, ,173, 400 in notes
and the remainder in stock.
B. and o. Outlines Program.
The Baltimore and Ohio Railroad
Co. formally presented TO the Inter
state Commerce Commission today its
program with regard to the $4,000
600 issue of Southwestern division
bonds, which fall due this year.
The maturity of the outstanding
securities will be extended to 1850.
and the interest rate will be increased
from ~ 10 per cent. Kuhn, Loeb
Co. of New York have already
underwritten the transaction, subject
TO the commissions report.
Name Convention Delegates.
Nomination of delegates to the an
nual convention of the American In
stitute of Banking, to be held in
Kansas City July 13 to II, will be
the major function of the local
chapter this week. Appointees will
be named Thursday night President
Burnside has also called a meeting
of his board of governors for this
night.
The routine schedule follows:
Tonight. Liabilities of Parties" by
r. b. Dickey, before the negotiable
instruments class; Tuesday, Joseph X
Meyer, in a review before the ac-
counting class; Wednesday, r. r
Dickey will continue his lecture on
Liabilities of Parties" before the
negotiable instruments class: Thurs
day, review in the elementary bank
ing class by Eliot II. Thomson. and
the public speaking and debate class
will also meet this night in the Wash
inston Stock Exchange rooms under
the leadership of Rufus Lusk: Friday.
+. ]. Donohue will conduct a review
in the standard banking class. and q
review will be conducted by r Cor
don Finney in the credits class
Big Stock Sale Planned.
Plans for the recapitalization ami
financing of the Equitable Office
Building Corporation. control or
which has just recently passed from
the du Pont interest to a group of
bankers, with which the Brother
hood of Locomotive Engineers is
prominently identified, has been an
nounced. The new financing. which
will involve the sale of s5,O0O.OOO
preferred stock of the corporation
will be underwritten by Dillon, Read
& Co. and associates.
Coptrol of the corporation will rest
with the New York Empire Co., Inc.
which Will acquire the outstanding
125,000 shares of common stock of no
par value. The additional 1O0.O
shares of common stock which have
been authorized will be reserved for
conversion of the preferred stock
issue.