The Washington times., 1901-07-21
LOCAL BUSINESS GOSSIP.
The Annual Vacation Fever Depict.
ing the r Street Ranks

| The annual vacation fever has f Street
| in its grip and few firms anywhere in
| the street can boast of more than one
| member at his desk. Business is dull and
| the weather is sultry. Those that have
not yet gotten away are making prepara-
| tions. President Mclean, of the WASH
| ington Gas Company, is at Bar Harbor
for the summer. Mr.. Poor is at Mar
ragansett Pier. Mr.. Orme will go to
Rehoboth Beach early next month. Mr.
| Whitwell is a Gloucester, Mass. Receiver
| McDermott, of the Washington Traction
| Company, will divide his time between his
home at Belmar, n. j., and his office
here. Secretary Lackey will spend a few
weeks at Seabright, N. ]. President
| Dunlop, of the Capital Traction Company,
has returned from stay at Warm
| Springs, Va.
Crosby S. Noyes is at Poland Springs,
Me. The Kauffmannvfamily Will. as usual,
| spend their vacations in New Hampshire.
| Stilson Hutchins will return from his an
nual European trip shortly. He will spend
few weeks in New Hampshire later in
the season.
George Bloomer. the broker, will go to
Atlantic City this week. He expects to
be away several weeks. When he re-
turns his partner, Mr.. Williams. will go
street railway and Potomac water power
man, is spending his summer in Alaska
for his health. Simon Wolf is spending
"a month at Atlantic City. His partner,
Mr.. Cohen, will leave for the Catskills
early in August for several weeks stay.
Lewis ]. Davis is spending the summer
at Hot Springs, Va, with Mrs Davis.
w. A. Mearns has had one short vaca-
tion, but will spend longer one at Sara
toga later with Mrs. Mearns. A. X. Par
ris will go to Westerly, r. l.. early next
tral National Bank. will spend a portion
of the summer at Greenbrier White Sui
phur Springs President Parker. of the
Metropolitan Bank, is spending his vaca-
ton at his old home, Bellarb Farm, In the
Juniata Valley, Pennsylvania. President
Emery. of the Second National Bank. will
spend a part of the summer in Ulster
County, n Y. with his family. Myron
NJ. Parker will spend a portion of the
summer fishing in Maine. George w.
Brown, of Bell * Co, Will go TO Atlantic
City in a week or two. President Steli-
wagen, of the Union Trust and Storage
Company, is at Poland Springs, Me. Pres
ident Glover of the Riggs National Bank.
is in Europe and will remain there until
will go to the White Mountains later in
the year MIR. Flather is at Poland
Springs.
The local stock market was closed yes
terday for the Saturday holiday that is
made the rule during the summer. The
market of the week was dull, but prices
were, on the whole, satisfactorily strong,
I'm view of the absence of so many of the
brokers and investors from the city, and
the recent weakness in the New Nork
market which nearly always has Il sym
pathetic effect on local securities. There
has been an advance in Mergenthaler to
lbs and this gain was, in fact. the most
important of the week. The stock is now
selling at a higher price than at any
time heretofore since the reduction of
the dividend to 10 per cent per annum:
Lanston stock also has been strong, and
on Friday especially there was an appar-
emily good demand for it at 1ila and liss,
half a point above the level of week
ago.
Graphophone common stock, on the
other hand, has exhibited the tendency
so marked recently to get to lower level.
1t may be pointed out that this stock in
the last year or more. during good times
and bad, has gone down in price as stead
lily as any security ever did before. The
recession has not been sharp or sensa-
tional In any way, but 1t has been won
derfully persistent. A block of 200 shares
was sold on Friday at 8. The best bid for
the stock was So.
A tumble occurred in the selling price
of City and Suburban stock on Thursday
and Friday that bordered on the sensa-
tional. On Friday 1t was offered at II,
or a trifie less than a quarter what the
syndicate paid for 5000 shares two years