Evening star., 1925-09-14
RAILWAY COMMON
SUFFERS RELAPSE
Spread" Is Widened to IS
Points as $50 Is Bid in
Inactive Trading.
BY CHAS. p. SHAEFFER.

An otherwise relatively firm marker
was marred by a further slump in
common stock OF the Washington
Railway and Electric Co on the local
exchange this morning
This issue decreased s points in
bid price, the drop being accentuated
by the fact that no shares were avail
able and thai an almost unsurmount-
able spread of Is points now sepa-
rate buyers and sellers OF the issue
The security's last sale was made at
loS, but today's traders were 10th
TO part with the stock at less than
100, with prospective purchasers bid
ding only $50.
The bright feature of the market
was an advance of points over the
previous sale in stock OF the Rigs
National Bank. This popular Sc
curity opened at 3s9 advancing IN
and closing at $40 on exchanges OF
80 shares. Capital Traction stock was
firm. but unchanged, 2s shares selling
eX-dividend, ia per cent, at 9sSs
Lanston Morotype brought s4t2. Gas
flmed up to e31z. Firemens Tnsur-
ance brought % and National Mort
gage and Investment, preferred, 9I..
The bond market was strong. Capt.
tai Traction 5s sold to the extent ok
$4,000 at 99s4 while the per cent
bonds of Potomac Electric Power Co.
brought 1863. Gas 6s sold at 1881
80 Years I'm Business.
Today completes Robert N Harper's
thirty ninth year of active participa-
tion In the business and civic affairs
of the Nations Capital.
1t was on September Is, 1856. that,
this present financial power first be-
gan his business career in Washing
ton, opening retail drug store and
pharmaceutical laboratory in the old
Metropolitan Hotel This profession
was pursued until February, 1908.
when the American National Bank
was organized with Mr.. Harper as
president. Until 1909 he remained
with the American National Bank,
when the private banking firm of r.
n. Harper Co. was organized. Later
the District National Bank, Mr.. Har-
per's present vehicle, was organized.
which absorbed r. y. Harper & Co.
Regular Dividend Paid.
The Mortgage Investment Company.
organized three years ago by A s
Gardiner to deal in first and second
trust notes, has just paid its regular
? per cent quarterly dividend. This
continues unbroken the per cent an
nual disbursement inaugurated upon
inception of the company.
The company has q paid-in ca pital
in excess of $3.50 900. and undivided
profits. after payment Of dividends. Of
more than 100000.
Rates Arousing Interest
Wall street is following closely the
arguments for and against an in
crease in Western freight rates now
being presented at the Interstate
f'onD1erca IN,
Chicago. Regardless of the final de-
cision. financial authorities agree that
! the penetrating analysis of railroad
| problems which is being made can
| not but be helpful to the carriers
Not the least interesting phase Of
the hearings will be the presentation
of the ingenious Potter plan for al
| loting increa sed revenues in proper
tion to the needs of individual roads.
OF which Charles E. Hughes will be
the principal advocate.
Taxes Due Tomorrow.
The third installment of income
taxes falls due tomorrow, and Treas
ury estimates anticipate the receipt OF
about 1925 .000,0 900 from this source.
Revenues received from income and
profits taxes during the first eight
| months of 1925 totaled 81 ,059 .421 ,209
Dividends Are Resumed
The Virginia Railway and Power
Co. has resumed common dividends
after a cessation since 1918 by de.
claring two disbursements of S3 each,
| one payable September % TO stock
! holders of record September 90. and
| the other December Is to holders Of
| record October 81.
| The regular quarterly dividend of
al-
! ferred. payable October 90 to holders
| of record September so.
/ Bank Cashier Ends Vacation.
! NJ. 7. CaInan. cashier of the Lib
! erty National Bank has returned
! from weeks fishing trip in West
! Virginia.