Evening star., 1925-09-29
TO STUDY
ELECTR|F Y|NG LINE
European Experts Called In (
on New York k-to.Wash.
ington Project.
BY CHAS. p. SHAEFFER.

The discussed electrifcation OF
the Pennsylvania Railroads trunk line
from New York City to Washington
exceeded the proportions of mere ru-
NOR today, when it was learned f.
Thomann and A. Buchli, foremost au-
thorities in Europe on railroad cleo
trif1cation. are arriving in New York
City today to give this piece of track.
age their minute inspection.
This electriflcation, which slreadv
has been given much study, will, in all
proba bility, be the next big develop
ment by that railroad system. To say
that the need is urgent is not neces-
sary to any who have inhaled the
fumes exuding from the numerous tun-
nels, particularly those providing in
gress to and egress from the city Or
Baltimore. Incidentally. this project
is the largest piece of electrifcation
now under consideration.
Other Inspections Planned.
These experts. who have worked tn
eether on many electrifica tions. includ
ing the Italian, Dutch, French and
Japanese national railway projects
and the Simplon tunnel project in
Switzerland. have worked out an itin-
erary which also calls for inspections
Of the Virginian and the Illinois Cen
trail systems. Several other railroad
electrif1cs ton programs are impending
in America. and it was deemed ad,
visable to have the foreign experts
here on the ground.
The European engineers Will give
to America the benefit of their ex-
perience in the manufacture of elec.
trio locomotive equipment, and will
also study. 1t is understood, the New
York shipbuilding plant at Camden,
\. J., which will extend its activities
10 include the manufacture of elec
tric locomotives and locomotive equip
ment.
Trading on Local Board.
Today's session of the Washington
| Stock Exchange was dull and Unin.
terestins. Trading was restricted irr
/ volume and to popular issues at un-
| changed prices.
| Capital Traction stock held its re
| cent level of 9914. ex dividend Il.
per cent. as did Railway preferred
at SIS and a fraction. Mergenthaler
! brought 1856 and American Securitv =
and Trust Co. ruled strong bur un-
| changed al $50. There was compa r. -
! lively heavy selling in Lanston, go
/ shares changing hands Al IS.
! The bond market was listless.
! The advance in call money 10 ) 2
! per cent in yesterdays market fol
lowed calls by the banks of loans az.
gregating s25,o0o.oo0, which was At
! tributed to approaching end-month
| requirements, with a CONSEQUENT in
disposition by the institutions to ex-
| tend their commitments in the monev
i market
! The step caused comment in view
! OF the banks improved reserve posi-
ton shown in the report of actual CON
dition last Saturday when a surplus
of S1a 400. 900 contraste with deficit
! of $l5,600.00 the week before.
! Dividend Declared
! Directors of the Washington Me
/ cha Savings Bank have declared
the regular quarterly dividend of (
| per cent. payable on October ]. I"
stockholders of record September so.
| New Bonds Offered Today.
| f. IT. Rollins & Sons. Blair & Co.
Inc. Halsey, Stuart & Co. Inc. and
Parkinson & Burr are offering $500
| 600 Walworth Co. first mortga &c
sinking fund gold bonds. series "A. :
! S per cent. due October |. 1945. at =
price of 9s12 and accrued interest to
yield over 610 per cent.
/ The business of WalWorth Co. wa 9
established in 1872. under the firm
name of Walworth & Mason, which
| introduced the steam-heatinS indus
! try into America, and established the
| first factory in the United States for
manufacture of fittings and valves.
! This business in 1872 was incorporat /
ed in Massachusetts as the Walworth
| Manufacturing Co., which name is
about to be changed to Walworth Co
! Walworth Co. is about to acquire
| the business and assets of the Kelly
! & Jones Co. with plants at Greens
| burg and Etna, Pa, which produce 2
complete line Of valves and fittings
and. in addition. have facilities for
! steel castings. The Kelly & Jones
name has reached an enviable posi-
| ton in the trade as a result of sue.
cessful operations over a period al
more than so years