Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-24
HEARD ON CHANGE

The past week has been productive of ne
special developments that have changed the
general situation. For the most part the
slackness In business continued and buying
was reduced to minimum An advance In
the Capital Traction stock, rejecting the
favorable arguments that have been made
to eliminate the only rival for cross-town
privileges was about the only thing of IN
terest In the street railroad securities.
For change there were no new rumors
affecting bsnk stock, and in consequence
the HIST remained without any material
change The American Security and Trust
Company took possession of its new home
and the stock of the National City Bank
was listed on the exchange.
A further addition to the number of Sc
curitTes on the board of the exchange was
made when the stock of the Mitchell Min
Ing Company was given place. There is II
disposition to add to the number of stocks
and bonds now listed. but the only thing
that stands in the way is to find what will
be real addition. or in other words. will
take place In the list Of active securities.
The latter is not as large as 1t Is thought
the funds at command and the energies OF
the brokers could properly attend to, and
there is no doubt that from time TO time
additions will be made. The enlarged bust
ness now done is attributed not only to a
growing confidence in the substantial value
of local securities, but also in the increased
amount of money that is seeking invest
ment.S
The growth In collateral loans in the
banking business in this city is one OF the
signs of the time, and is an indication not
only of an enlarged business, but also of the
increase in the banking resources of the
city. The competition for accounts among
the different banking institutions is not as
sharp as was the case some time ago.
Which Is attributed to the growing volume
of the nEUney that now finds It's way to the
institutions This Is only another phase of
the growth of the city, but It Is also an
evidence that the bankers are awake to the
situation
At one time some friction was developed
between some of the brokers and those In
control of the banks growing out of what
was looked upon as unnecessary curtailing
OF loans, due to an apprehension of the
possible conditions during the recent tight
money market This tension seems to have
relaxed somewhat since then, and there is
less talk heard Of going abroad for money
accommodations than was the case. There
has been, however, no change in the money
rate, which continues at and per cent
There is belief that the future Is to dis
close important changes in the relations of
the traction companies of the city and also
of the lighting companies. Exactly what
these changes are to be, Is, of course, up
to this time largely matter Of conjecture
but those who own the securities-and 1t
may be said for good proportion of the
latter there are none on the list that are
more strongly held-are curious to find out
what is going on, II anything.
People who like to make a turn in the
market and find that early information is
likely to be of service In this particular are
also curious on this point. To these and
other more or less disinterested inquirers
there is nothing that is very definite vouch-
ed just at present. The principle of pub
hcity does not seem to be recognized to any
extent In practice, whatever the theory
may be, and SO stock holders as well as
outsiders are kept in the dark while the
magnates, as is believed, are fixing up
things behind closed DOORS