Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-06
Heard on Change

Although the weeks that have just closed
are officially known as the month of July
a period that is popularity supposed to be
about as dull in business way as any time
in the whole year-still there has been so
much going on at the daily sessions of the
exchange that there has not been the usual
chance for the exchange of other things
than stocks and bonds.
In ordinary seasons the call during the
month of July is rather formal affair, and
when it Is completed the record does not
show many transactions. Last year it was
much the same 1t is this year. the list
of shares sold of the various active stocks
and which was printed in The Star during
the week conclusively shows.
STILL when there Is not much doing, 1t
would seem that there would be more con-
versaton and chatting, but President Hibbs
no doubt has different view. as he finds
1t hard some times to make his voice heard
above the hum of the talk even in the
height of what is called the business sea-
son.
In spite of the calendar however, the
busy season is still in force in the stock
exchange, and the other day when the
president was trying to keep the trading
going he could not make himself heard be-
cause of the chat that was going on. Sing
ling out one of the offenders he said in
joking way: "Pn fine you dollar
The member addressed. in the same spirit
made a move to pull out his pocket book
and discharge the obligation on the spot
The president seeing an opportunity for a
sarcastic fling, exclaimed in apparent dis
may:
Don't do It, for then we will all have to
pay a death assessment.
The earliest printed list of local securities
and their current prices appears in connec-
ton with advertisement of John +.
Hebb. styles himself broker. In the In
TN nf Ion 4, thn fnI-
lowing. which Mr.. Hebb states will be cor
rected weekly
Bank of Washington, 32: Patriotic Bank,
81: Bank of Metropolis, 80: Franklin Insur-
ance Company, 10o; Union Bank of George
town, 40; Farmers and Mechanics Bank,
10: Washington Bridge Company, 40 to 50;
Eastern Branch Bridge Company. so. Rover
Bridge Company, 1l6; Cospordian 6 per
cents par; Cospordion per cents, So.
The prices of the United States Bank
stock, a branch of which was located in this
city, it is stated, regulated by the
Philadelphia market
The experience of the men who have been
active in the organization of the new ma
tional bank is that if they had doubled the
amount of stock for sale the capital require
ments called for, they would have no diff
Guilty in dsposing of it all. This has been
the experience of recent years, especially
In the case of the two banks that have
been started within the past two years. In
each instance there was demand for the
stock far in excess of the supply.
The belief that is thus Indicated in the
business opportunities for such institutions
is justified by the actual conditions. The
resources of the trust companies and banks
of this city were never as large at the pres
ent time, and 1t is also stated that the de-
mand for money is such that there is no
difficulty in finding employment for even
the enlarged amount available for local USE
The only question that Is a serious one In
starting bank is whether 1t will be posi-
bic to secure deposits in sufficient amount
to make business profitable.