Evening star., 1925-08-06
v. R. & {. COMMON
AGAIN AFEATURE
Net Gain of 7 IL Points
Record Today-kotes of
Local Exchange.
BY CHAS. r. SHAEFFER.


Common stock of the Washington
Railway & Electric Co. again corraled
the attention of traders on the local
exchange this morning, scoring a net
gain OF 7l2 points TO another new all
time high, at 1871. Opening at 135,
the issue sold to the extent of 100
shares before rising 212 points, 81
which figure another 100 shares were
sold.
dented rise appears lacking in usually
Wellinformed local stock circles. Some
charge 1t to bullish, but erroneous.
report emanating from Boston, where
many of the orders to buy are said 70
be coming from. Others, in view Of
its resent bull tone, are charging il
to buying for A quick turnover at
profit. Then there are some that he
lteVe still another cash dividend viii
be voted common holders out of the
balance accruinG TO the company from
disposition of the impoundage. which
placed in their hands about $4,000 ,Ooo.
The 20 per cent special dividend de
clared some months ago only dented
this total to the amount of $500 600
The remainder of the market, strong
white it was, was completely over
shadowed. Railway preferred sold al
IS. Capital Traction at par and 4
quarter. and Gas at So. Riggs \s
tional Bank sold upward to 356 =
j. NJ. Mason Given Promotion.
James NJ. Mason was added 10 the
official roster af the Washington Loan
and Trust Co. yesterday At the reCu-
lar meeting of the board. having been
named an assistant treasurer of the
| institution. The promotion is dated
as Of August l, when his new duties
were first assumed.
Mr. Mason. still 2 compa arativ
youngster of 80 years, has followed
| the banking profession all his bUS-
| ness years, which number fourt cen.
His first position was with the Wash
! ington Loan and Trust Co. in the O.
| pacity of runner. from which he rose
| successfully TO the head of the new
| business department at the north
west branch. Seventeenth and g
streets. He will remain al the branch.
| it was said this morning.
! The new officer Is a graduate Of the
| local chapter, American Institute ~
| Banking. having successfully com
| pleted the standard course require
! ments only last year.
New Market Offering.
Stroud. kurtz & Co Inc. Red
| mond & Co. and the Bank of North
America and Trust Go. of Philadelphia
are offering $4,000. 900 of Shelbourne
! Inc. CAtIantic City. \. j.. first mor1
gage 6i2 per cent first year. closed,
gold bonds due 1910. at 100 and in
! terest TO WELD So per cent.
! Discussing the reported plan to
build a railroad belt line around this
| city and running into Virginia and
Maryland. Case, Pomeroy & Co.
say: This plan appears to have The
backing of the Baltimore and Ohio
and Pennsylvania railroads. Growth
Of traffic in and around Washington
and the roads mentioned are appar-
| emily finding il necessary TO secure
j additional facilities for moving their
! freight more efficiently.
Growth Already Foreseen.
Southern Railway. the largest road
| running into Washington from the
| South, had already foreseen this
! growth of traffic in the Washington
! district. In September. 1924. South
ern opened its new freight ward al
! Cameron. Va. about L miles south
of Washington. Prior TO that time
| Southern had been using the Poto-
/ mac yards for classifying and receiv
! ing its freight. Frequently these
! yards became so congested that cars
| were stored on sidinGs more than 100
! miles from Washington. Delays in
| loading, unloading and interchangins
freight are always expensive. II is
! highly desirable in railroad operation
to keep freight cars moving as much
of the time S possible. A car standing
on a siding produces no revenue. The
| opening of the Cameron yard, there
fore, enabled the Southern TO imme-
diately do away with much terminal
delay and congestion. Cameron yard
has a capacity of 1870 cars. The
receiving yard consists of eight tracks
| with a capacity of $40 cars. while the
classification ward has 10 tracks with
, capacity OF $50 cars. The entire
ward contains about Is miles of track.
Its cost was about S4S5 900. while the
savings effected in operation are es-
timated TO be at least s1oo. 600 year"
Personal Mention.
Frank J. Stryker. president of the
Columbia National Bank. leaves to-
! night for week end with his family
at Shady Side. Md.
A. c. Waller. vice president cf the
International Bank. sails today on the
Berengara for q six weeks tour ~
| Europe.