Evening star., 1925-03-10
v. R. & {. HOLDERS
"BU[L|SH' ON 1925
Stock Gains 100000 in
MarketabiIity-EarIy Melon
Action Now Forecast.
BY CHAS. y. sHAEFFER

Shareholders of the Washington
haliWa! and Electric Co. anticinata
tnelr most prosperous year in 1925.
several months ago an amicable
compromise between the company ard
electric light consumers autonsticsl-
~ terminated impoundage of a sur
plus fund which aggregated $4,000, 900.
"hlch, under the compromise, was to
De divided equally between the util-
lty and fuel consumers Repayment
10 consumers will be started in the
near future
But In the meantime nothing has
oeen done with the company's share
of this impoundage. The matter has
never been discussed in board meet
ings OF the carrier, it has been said by
directors. But early action along this
llhe IS now anticipated perhaps at
the March meeting of the board, but
most likely next month, the fourth
Wednesday in April
Confidential and reliable sources OF
information, unearthed this morning,
report the matter has only been await
ing the demise of the last urbuIent Con
gress, last Wednesday, and that dis
position of the fund is now to receive
undivided attention.
Dividend Prospects.
A matter Of 26L per cent in Sus-
pened dividends, from 1919 to June.
1928, on common stock is due 10 be
thoroughly thrashed out at one of
these meetings. and effort made n
suitably reward common shareholders
Tor the lean years suffered. the prob
BILE course of such action may be an
ticipated from casual remarks Of
board members, who declare a pay
ment in full on passed disbursements
would only be fair Preferred stock
holders have not missed a dividend
for % consecutive years.
The wide spread in market values
of the two issues alone suggests IA
vorable action on the common shares,
share in favor Of the common-but
both are per cent issues
Exclusive of probable dividend ac
ton, shareholders are conGratulatinC
themselves on an enhancement OF al
most S3.00e.o00 in mark ctability Of
| the combined issues during the last
year. On March 10, last year, the
common was selling around II and to-
day 1o5 is bid for the issue with none
offered The preferred last year va1
selling at - and today S3 is asked.
Reimbursement to common share
holders of back dividends Will Un-
doubtedly have a favorable reflex
upon preferred shares also.
Local Market Strong.
Prices continued sharply upward
in light volume of trade on the
Washington Stock Exchange today
Washington Gas stock sold stron :
through the session. adva ucinE L
point TO 60ls on closing transactions
Mergenthaler was firm at 1S4i2, and
Lanston gained fractionally more
than point to S3ls on sales of -
shares. Twenty shares of Second Ma
tional Bank brought 190.
The 4 per cent bonds Of the Wash
ington Railway and Electric Com
pany sold to the extent of $1,000 at
so. These bonds are not unlike tn 4
preferred stock of the company, in
so far as equity is concerned, which
is selling only a point and a half
higher, although paying per cent
Railway general 6s of 1888 sold al
10113.
Hot Springs Approved.
The District Bankers Association
met yes.~yday afternoon and ap
proved II recommendation OF the
council o. administration relative to
the smnAl convention. 1t will be
held ~ Eoc Springs, Va, June % TO
%, ino4t&$1A
Personal Mention.
William D. West vice president OF
the Citizens Savings Bank. has re
turned to the city after several
months in Cnbs and Florida.