Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-01-06
Bonds and Stocks Also
Register Marked Price
Gains Over 1888.
ANNUAL BANK MEETINGS
ARE DUE NEXT TUESDAY
Washington Gas and Carpet Di-
rectors Declare Usual Quar-.
terly Dividends.
BY EDWARD c. STONE.

Trading on the Washington Stock
Exchange during 1884 was far ahead
Of business in 1898, both in stocks and
bonds. There was a turnover of T.
500 shares in public utilities issues and
1856 shares in miscellaneous stocks.
Trading in public utility bonds in
wolves money turnover of S796, 200,
according to a compilation of the
years business prepared by w. B.
Hibbs g. Co.
Washington Railway & Electric
Consolidated As experienced the larg-
est total trading during the year. vol
ume reaching s239, 500. Capital Trac-
ton first IS came next in popularity,
with Sl94000 in these bonds changing
hands, while Anacostia g. Potomac
Railroad first IS, l948. stood third
in the list. Business in Washington
Gas Light first SIS, 1860, was nearly
as good.
In the public utility stocks, Capital
Transit was the most active, with a
turnover Of 3,705 shares. The street
railway merger focused special atten-
ton on this issue. Washington Rail-
way & Electric preferred stood second
in the number of shares changing
hands in 1884, with total of 2,l1l.
while Potomac Electric Power 5l2 per
cent preferred stock was third.
In the miscellaneous group, Mer-
genthaler Linotype topped the list with
3,775 shares changing ownership. Next
came Lanston Monotype, which re-
corded sales Of 1856 shares Bank
stocks we're returned to the listed
securities during the year. Business
was modest, but sales were recorded
In national bank. trust company and
savings bank stocks, the national bank
sales being the largest. Both fire in
surance and title insurance stocks
also figured in the years sales.
Notable Gains Shown.
The year saw many surprising ad-
vances in prices. Capital Traction
bonds moved from e. to 80, Anacostia
&, Potomac R. R. IS climbed from 49
to 1885,, Washington Gas SIS, 1858,
opened the year at 80 and closed at
10012. Railway g. Electric Is ran
from 83 to SO and City g. Suburban
first SIS went from "a to 10. In the
stock division notable gains were
scored by Capital Transit which moved
from IA to close at 26, by Washington
Gas in climb from As to 50 and by
Merganthaler in a run-up from 81 to
close the year at 80. Other important
advances we're also recorded, the COM
plete report appearing elsewhere in
the financial section.
The governors of the Washington
Exchange announced yesterday that
beginning tomorrow delivery on all
securities will be made daily at 100
o'clock instead of 2:l5, the time pre-
vailing for many years. The change
has been made on account of the new
2 o'clock closing of the banks. The
1870 rule will give holders of securities
an opportunity to place them in safe
deposit boxes before the banks close.
Saturday trading on the Exchange
opened with $1,000 Washington Gas
SIS, 1860, selling at 1101a. Washington
Gas IS. series B, came out at 1903.
After call, Anacostia g. Potomac r. R.
IS figured in two ST 900 sales at 1872.
On the stock side, 10 shares of Mer-
genthaler Linotype came out at 80,
unchanged from the last previous sale.
Annual Bank Meetings Near.
All the national banks in Washing
ton and several trust companies and
savings banks will hold their annual
meetings next Tuesday, January 8
In some instances, after the stock
holders elect directors for 1885, the
rrri1 MI of hv F.
ing officers.
The December 81 bank call by the
controller came as expected, and found
the banks here with slightly higher
deposits than they carried on the &C.
tober II call. Deposits are up nearly
$35, 100000 over the call on Deem
Der 81, 1888, a highly satisfactory gain
In IL months.
The year end call is always dated
on the last business day of the year
10 that the Treasury's records will be
complete as of the calendar year.
That date, however, is not compul-
sorry. and is never announced in ad-
vance.
A. B. A. Journal Cheerful.
The American Bankers Association
Journal, in pointing to important
progress attained in 1884, says:
In 1884 automobile accessory man
ufacturers increased their earnings by
nearly $50 per cent; electrical equip
ment by over 200 per cent; Office
equipment by over $50 per cent; chem
icals, A per cent; miscellaneous
manufacturing, Sc per cent, and nom
ferrous mining by over 200 per cent.
Fifteen oil companies changed a deficit
OF s6,s35, 900 into profits of $17,082,-
900; machinery manufacturers from a
deficit Of $1,564,000 to profit of $4,-
$1,000, and building materials, a
deficit of $2,947 900 to a profit of So
100000. Thirteen steel companies re-
placed a deficit of Sal, 100000 with a
profit of $12 100000. <....
Tobacco companies increased their
earnings 166 per cent. International
Telephone g. Telegraph changed net
loss of S239,223 in the first nine
months of 1888 to a profit of 81 ,457,-
1913 in the same 1884 period. Corpo-
rate dividends announced up to De-
cember l Appropriated $4,000, 600, 900,
as compared with $2,385, 100000 for
the whole of 1888"
More Dividends Declared.
Directors of the Washington Gas
Light Co. have declared the regular
quarterly dividend of 80 cents per
share on the outstanding stock, pay
able February /, to shareholders of
record January IS.
Directors of the Carpet Corp, food
distributing concern. with the head
office in Washington, have voted the
usual quarterly dividend Of rs cents q
share. It is payable January Is to
stock Of record January 9.