The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-10-26
HEAVY DEMAND
MARKSPEPCO
ISSUE
Recently Offered Stock Is
OVer-subscribed Sixyand a
Half Times
By RICHARD HATTON

The final compilation of figures
in the office of Treasurer Atwood
NJ. Fisher, of the Potomac Electric
Power Company, showing total
subscription of $13, 300. 900 to- the
recently offered stock issue of. the
company, indicates that the issue
was over-sutscribed approximately
six and one-half times by 4,635
subscribers.
In spite of the tremendous pop
ularity of the stock as attested by
the large number of requests for
shares every legitimate subscriber
received the amount of stock re-
quested up to five shares while all
who subscribed for more than five
shares were restricted to five in
the allotment.
According to officials of the
Potomac Electric Power Company,
the company is exceedingly pleased
at the confidence shown by the
people of Washington and vicinity
in the organization, and, although
it is realized that on a five-share
allotment there is not a heavy
profit to be made, there has been
shown an expression of good will
that cannot be measured in dollars
and cents.
Comment in local financial circles
upon the issue and the exceedingly
large over subscription by residents
Of the District Of Columbia and
territory served by the company in
Maryland indicate that Washington
bankers find in the result every
reason for believing that the invest
ing public feels secure in the future
development Of the city and con-
tinuation of the material expansion
which has been so marked feature
Of the Capital in recent years.
Faith In City
The figures given out in connec-
ton with the recent offer of pre-
ferred stock of the Potomac E &C.
trio Power Company" said Presi-
dent Victor B. Deyber, Of the
Second National Bank, indicate
that the citizens of Washington are
alive to the great possibilities in
the way of expansion which lie
before the capital. That there was
a very large over-subscription to
this issue would seem to be con-
elusive evidence that the people OF
WASHINGTON are inbued with a
spirit of faith in their city as well
as Of confidence in the direction OF
our public utility corporations.
Along similar ines was the COM
ment Of President Julius l. Peyser
Of the Security Savings and Com
merciaI Bank, who said: That the
people of this city understand the
potential value of local investment
il clearly indicated by the figures
made public in connection with the
sale of stock by the Potomac Elec-
trio Power Company. Investment
In public utilities stock is invest
ment In the future Of the COM
munity. Washington is not only
beautiful city to l-ok at, but won
derfuI city to live in and its growth
and prosperity are assured.
''The result of the recent stock
issue by the Potomac Electric
Power Company said Harry u.
Meem, vice president. of the Wash
ington Loan and Trust Company,
showing a tremendous local over
subscription, is a sure indication or
the belief of the people Of this city
in the future of the National Capt.
tai. Those who are anxious to in
vest in the stock of our local
utilities companies are actuated by
their faith in the ultimate growth
territory included in the activities
Of the comps ny whose stock they
are purchasing. This faith in the
city will be born out by the de-
velopment of the future"
Vice President Robert /. Elem
ming, of the Riggs National Bank.
said: THE tremendous over-sub-
scription to the present issue OF
stock of the Potomac Electric
Power Company is splendid
token of the confidence of the pub
lie in the strength of the company
and the integrity of Is able man
agement and, Furthermore II is an
expression of the confidence of the
public in the cit- o. Washipg ton
and in it's fusu-a growth. The stock
is a hieh class Investment"
"THa pubic rs saowi1g, in its re-
sponsx "a the present opportunity
81 SUD sos 20 the stock % the
Potomac nc Power Company
VERY tan evidence 81 its belief
&. the f1sE.*z # Washington" said
Vice PressGel- Thomas p. Hick-
E1an, Ut the Franklin National
Bsuk. Previous issues of local
utilities stock and bonds in which
the pubic II Washington has
participated nave invariably proved
the judgment of those who have
taken them"
Utilities Stock Good.
According to Vice President
Frank w. Stone. of the National
Savings and Trust Company, can
public utilities stocks in Washington
are good investments and the case
of the large oVer-subscription to the
offering Of the Potomac Electric