The Washington times., 1905-12-31
HEARD ON 'CHANGE AND STREET

49,
having wire connections with the larger
market. Greene Copper has furnished
the greater part of the dealing and
now that Mitchell Mining is listed here
there is strong hopes that 1t will become
active enough TO make the trading
profitable.
| People who ought to know are prompt
in denying the story that the Old Do
minion and Great Falls Railway Com
pany will not be an applicant for a
charter for a scrosstown line shortly
after the assembling OF Congress IT.
as they say. any arrangement has been
| made, they are not aware OF it. and IT is
a matter of surprise that 1t should be
so without knowledge to them. The
Capital Traction people appear serene
and undisturbed. and are ready TO go
ahead and build as soon as a charter Is
granted them. In the meantime the
street" is filed with rumors as to the
outcome, while the residents along NJ
and other streets are haunted by the
possibilities OF violent disturbances TO
their peace and comfort The Washing
ton Traction people are reported 20 be
saving wood and saying nothing.
Howard S. Reeside. the recently elect
ed treasurer of the American Security
and Trust Company. is wearing his new
honors gracefully and has already given
ample proof of the wisdom of his selec-
ton. Having served as assistant treas
urer for several years, he was well
equipped for the higher place. and his
promotion WAS a welI-merited recogni-
tion Of a good oficIa!.
Among those who have followed the
course Of Gas stock for the past three
months there is a strong suspicion that
the tactics pursued at present are rather
10 get the price OF the stock down than
70 sell IT. 1t is an open secret that the
selling has been for the account of a
high official of the company. and 1t is
now believed that he would be willing to
restore his holdings at a lesser price
than they have been so successfully
marketed for. There is also a feeling
that the action OF the Chicago Gas Com
pany in reducing the price of gas there
10 80 per cent per 1000 feet may be used
as an argument before Congress for like
consideration TO local consumers.
1t is stated by well informed people
that the gross earnings OF the WASH
the present year will run close to a
quarter of a million dollars in excess
Of that of 1904 and that the net earn
ings will be about half as much, which
excess is equal to per cent on the
common stock. This does not include a
liability Of some sixty odd thousand dol
lars brought over from last year and
which has been paid of out of earn
ings- A continuation of this improve
ment in earnings for two years would
mean an amount equal to per cent on
the common stock.
There has been some talk of listing
the stock of the East Washington Saw
ings Bank, as there appears from fire.
.quent advertisements in the daily papers
20 be some held for sale purposes. The
very limited amount of trading in the
stock OF the savings banks already
listed, however. is not considered a Ia
Yorable argument for the extension of
the list.
At near the close of the call on yes
terday G. Bowie Chapman, who came in
late 10 attend the session. was received
with tumultuous applause and was vo-
ciferously called upon for a speech. The
exchange was rather in the mood for
llilafity than to give earnest attention
tc business, and after persistent efforts
Bowie was finally brought 20 his feet
and in few well chosen words, which
dropped from his lips like diamond dew
drops from the petals OF an open flower,
he extended the congratulations of the
season, wishing each and all the heart
lest wishes for a happy and prosperous
New Year, with an expression of his be-
lief that the year to come would bring
10 the members of the exchange a con-
inuation or the generous prosperity
which had been vouchsafed during the
year now closing. And then, with the
standing on his forehead
from the effort, Chip" resumed his
seat.