Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-08-28
LOCAL FINANCIAL NEWS.

AS the first of September will be here
the early part of next week it is expected
by some that the summer dullness will
turn into a season of renewed business
activity. There is no doubt there is a basis
for such expectation. as that conven-
tional date marks the close of the annual
summer vacation period 1t is, however.
the experience of those who are in a posi-
ton to know something about the current
of business that the return to the usual
conditions of activity is rather deliberate,
that is to say If the starting point is the
first of September.
In other words. the end of the holiday
season seems to have been advanced farther
along than was the case a few years ago.
and is made to include practically the whole
of September.
About the middle of next month will wit
ness the home coming of families whose
children attend school. yet many people stay
away and apparently seem to think that
the extension of the vacation period is
necessary procedure. OF course. some
business matters are deferred until their
return. and thus it happens that the actual
proportion of each year when it may be
said that business is going on here with
the usual volume Is much less than 1t has
been.
In other words. 1t is thought that the
summer season is being added to at each
end. This does not mean that everybody
Is out of town. as the phrase goes, but
only that goodly number of those who are
active spirits in the life of the city are
either not at home are not inclined to be-
gin an active campaign.
The banks of the city realize the influence
of the time of year. as do nearly all in the
various lines of business. 1t may be said
that in the opinion Of some the general vol
ume of business shows an increase as COM
pared with the corresponding period of last
year. This is thought to indicate that the
various interests of the city are expanding
and this condition of business in the dull
season is merely additional evidence lead
ing to that conclusion.
Mr. Myron NJ Parker was at the ex-
change today. He expects to leave tomor-
row for Atlantic City. He intends to re-
turn to his summer home at Camden, Me.
AS usual Mr.. Parker spent some weeks
this summer In the extensive preserves in
Canada which are controlled by the club
of which he is a member. He enjoyed fine
sport in fishing for salmon and landed a
number Of large specimens.
There was practically no business to be
done on the exchange today, and the result
was that the chairman. Mr.. Father. made
the entire circuit of the board in the call
with hardly an interruption. In order to
have a record of quotations without waste
of time he made the bid and then the offer
for each security as it was reached. Ordi-
having some stock unloaded on him. but to-
day there was apparently none that could
either be bought sold.
There was evidently demand for the
bonds of the Washington Railway Com
pany again today. as has been the case
for some time past and as a result the
prices advanced. The purchaser paid to-
day TN and 72b which is above the recent
range of prices for those securities As
they pay per cent AT so their attractions
as an investment are the chief feature of
the buying.
A small lot of twenty-five shares of
Washington Gas was wanted and the stock
was secured at 5912. That seemed to be
the extent Of the market for gas
There was apparently no demand for any
other security in the list at least no bust
ness was done in any other