Evening star., 1940-03-05
Utility Bonds Reach
Best Marksin Years
On DC. Exchange
Stocks Also Register
Notable Price Coins
In Recent Trading
BY EDWARD C. STONE.

while various stocks have also made
an extra good showing.
Leading the bull market" have
been Anacostia & Potomac River
r. R. IS, which opened the week
at 103, the highest mark in many
years; Capital Traction SIS, which
moved at 100as, the best quotation
in years, and City g. Suburban R. R.
first SIS, which crossed 1886 in a
recent trading session. Here, too,
the bonds had not sold at that high
price for many years
Potomac Electric Power first 3As
recently sold at 109, Washington Gas
Light first SIS jumped from 12434 to
128 and Washington Railway Elec-
trio Is made a new 1910 high marx
by moving from 108 to 100, the
strength in all these issues causing
much comment among members of
the washington exchange. Capital
Traction bonds continue to return
the highest yield, now slightly
under per cent.
Capital Transit stock touched IS
this week for the first time in many
moons. Selling at So, Norfolk e.
Washington Steamboat stock yields
$50, the best return among the util-
tiles. Other very strong issues in
clude Potomac Electric Power per
cent preferred at 1855, 5l2 per cent
preferred at lis, and Washington
Railway & Electric preferred at 116
Other firm issues are washington
Gas common, selling around 28l2,
Gas preferred at 1O7, and Washing
ton Railway & Electric common, last
sale at 300.
Bank stocks have been firm so far
this year Liberty National selling
at 1865, Riggs National common at
275, National Savings e. Trust at
1876, Washington Loan & Trust,
247l2, and Bank of Bethesda at 35.
Other issues have yet to record their
first 1910 sale. Mergenthaler Limo
type has been the most active mis-
cellaneous issue, now selling around
Is.
Gas Light Net Up 7,4Ss.
.. The monthly report of the Wash
ington Gas Light Co., filed with the
Public Utilities Commission today,
shows operating revenues of
$1,112,811 for January this year.
compared with 1903, ,257 for January
a year ago, an increase of $780, ,554.
resulting from the larger volume of
gas sold. Operating expenses, in
cluding taxes, amounted to S809,011
in January this year, an increase of
$l87, ,632 over January, 1899, due
principally to the production and
handling of the greater gas output.
Incorporating income this Janu-
ary shows an increase of S7,318,
amounting to $11,899. Interest
charges this year were $74,496, a
slight increase over January year
ago, and the net result from Janu-
ary's operations was net income
of $241,203 this year, compared with
$213,715 in 1899, a gain of $27,488
The company reports gas sales of
1,734,880,000 cubic feet in January
this year, an increase of 383 .097 900
cubic feet, or % per cent, over Janu-
ary last year. largely due to the
colder weather this year. There
were 158,897 meters in service on
January 81 this year, gain of 4,526
over the same date last year.
The report also shows that the
company expended approximately
$4,000 in January for extensions to
Its property to care for the service
fe6llirennpntS Nf cnStnnoprc
Financiers Back From South.
Hilleary G. Hoskinson, one of the
vice presidents of the Riggs Ma
tional Bank and former president
of the District Bankers Association,
Is back at his desk after a five
weeks vacation spent at Miami, Fla
Despite bad weather earlier in the
winter, Florida has enjoyed one of
the best tourist seasons on record,
all the hotels being crowded to the
limit, he reports. Had the weather
been more favorable the resorts
would have been unable to take care
Of the rush.
j. Thilman Hendrick, senior part
ner In the brokerage firm of w. B.
ago from a visit to Miami. His
brother, David Hendrick. another
partner in the firm, is still enjoy
ing the Southern breezes.
Waller on Savings Program.
Wilmer j. Waller, vice president
and cashier of the Hamilton Ma
tional Bank, will take part in the
program at the Eastern Regional
Conference on Savings and Com
mercial Banking, at the Waldorf
Astoria, New York, this week. He
will speak as member of the panel
discussion on Savings Deposits
Control" The discussion takes place
at o'clock Wednesday.
The conference opens tomorrow
and continues through Friday.
President Robert NJ Hanes of the
American Bankers Association, will
open the conference and preside at
the general sessions.
Among bankers planning to at
tend from Washington is David
Bornet, vice president of the Ma
tional Savings g. Trust Co.
United Air Lines established an
other new passenger traffic mark in
February by flying an estimated total
of 1854, 100 revenue passenger miles
for a gain of 66 per cent over the
5,628,531 revenue passenger miles
flown in February, 1899, it was an
nounced today by R. w. Ireland,
general traffic manager The Feb
ruary figure represents an all-time
high for the month.
r. Ward Magill, president of the
Kansas Milling Co., Wichita, has
been elected president and chair
man of the board of the Millers Ma
tional Federation, national associa-
ton of the our milling industry. the
Washington Office announced today.
During the past year he has been
chairman of the Finance Committee.
Today's Trading on Exchange.