The Washington times., 1934-01-31

& ington Railway
Dunbar Hare and Elect ric
Company interests, per cent
bonds of the Capital Traction
were selling for 40. Yesterday
81 was bid.
AS for the stock, people who
hold it want 81 and 19 was bid.
In December 1t was just 1917.
People who know predict that
the traction companies are earn
ing so much money since the 81
ride-anywhere pass went into eff.
feet that within six m ont h S
there'll be dividend. So posi-
tive are some of the members
Of the Stock Exchange that they
were making bets today.
Another Prime factor
IN addition to increased earn
irgs due to the 81 pass, Capital
Traction stock will be tossed bodily
into the new Capital Transit
Company, and that, too, is al
prime factor in the healthy mar
ket condition. washington Rail
way and Electric Company stock
will remain as an entity due to
the fact that the company con-
trolls Potomac Electric and Power
Company. Its physical assets in
the tram car line, however, will
be included in the merger.
The merger bill has been some
thing that has been deep in the
thoughts of WaShingtonianS for
almost three decades. On May 9,
1882. the House adopted the rner-
ger bill. On December %, the
same year, the Senate did the
same but included lots Of amend
mentS fostered by Senator John
j. Blaine (R0 Of Wisconsin. On
January 5, 1888, the House ap-
proved the Senate'S version Of the
bill, and nine days later Herbert
Hoover, then president, signed it.
Since then the merger has been
in a state Of conSummation.
Robert v. Fleming, president Of
Riggs National Bank, is probably
the busiest financial executive in
Washington. Mr.. Fleming, who
is helping with the national bank
ing code in his capacity as mem
Der of the legislative committee
Of the American Bankers ASSo-
citation, makes between 40 and so
long-distance telephone calls daily,
either as instigator or receiver.
Miss Rosa1ie H. Dill, one Of
the best-known customers men"
in Washington, is back in the old
shack. When Goodbody and Com
pany, with which she was affili-
: ated, went out of the local finan-
.cial picture Saturday noon, she
was jobless, but not for long.
NoW's she's with Hartman and
Company, where she started, and
Ferry Heath, one of the big guys
- ct the dugout, says she's going to
pull plenty Of business.
, John Wheeler, coon-skin coat
and breezy air, is going to give
. WashingtonianS a bit Of high
= powered security salesmaniship in
the opinion of Robert c. Jones,
! president of the Robert G. Jones
. b Co., Inc, who hired him.
MIR. Wheeler is going to sell In
vestment securities and do 1t as
pleasantly as possible, he says. He
admits it's new game, since ne
was trained to be an architect at
Princeton University, Catholic
University and some school IN
Paris, which isn't spelled like It's
pronounced.
Incidentally, Mr.. Jones and Y.
. e, Booker, of Y. E. Booker g. Co.,
are trying to fill out that contract
fourth at the Washington Stock
Exchange.
The whole trouble, it is said, is
p. the fact that neither Mr.. Jones
nor Mr.. Booker is quite as good as
. Mrs. Jones, who is bridge player
of parts, being some sort of dupli-
cate champion of Maryland and
the like.
H. G. Smthy, of H. G. Smithy
& Co., one of the directors of the
? new Hamilton National Bank,
strolled in the other day, looked
the situation over and then bum
med a cigar off Chris j.. Gockeler.
. one of the institutions working
officials.
Mr.. Smithy did not particularly
care for Mr.. Gockeler's flat brand
of cigars, and very shortly cor
nered E. C.. Graham, president,
and got a real fat one. Mr..
Gockelers cigar went into the
CuSpidor.
Ed Little, one of Fenner &
Beane'S best customers men, got
down to work yesterday and found
he had no money. So he bor-
rowed a buck from John D. Moth
erShead, one of the managers,
promising to repay within fort
night.
Two minutes later, the pay
checks were passed around and
the same dollar changed hands, as
payment in full.
Charles B. QuarleS, assistant
manager of Mackubin, Legg and
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