The Washington times., 1905-12-31


tary. Thomas l. Hume, He is now serv-
ing his fourth term. and the Office be-
longs TO him as long as he cares to fill
it. The emoluments are not large and
the work-and on occasion there is con-
siderable of it's a labor of love. but
good secretaries are scarce and Tom
has such n large interest in the success
of. the exchange and so enthusiastic over
its future that he is willing TO put aside
personal Inconvenience for the general
welfare. Some day he will be invited to
step up higher and then the board will
lose good secretary, though it will be
equally fortunate in getting a good man
I'm the higher Office he will be called
upon 10 fill
He has been member of the ex-
change for more than Eve; years. and
has become quite a factor in the trad
ing. ranking well UP among the leaders
in the amount of business done and
handling several large deals with an the
ability. and care of a tried veteran.
His specially has been '.options," and
in The buying and selling of them his
bank account has without doubt re
ceived some large additions.
The family register marks him up to
thirty-two years of age, ard he claims
to have the finest lot of boys and girls
that any man was ever blessed with
He is the author of manual of stocks
and bonds dealt in. on the exchange
which has received much commenJation.
The announcement that the GRAPHIC
phone Company would double its cap
ital by the addition of s.. .0o0,o0 of com
man stock. came as chill TO local
brokers. Flattering reports have been
frequently received OF the tremendous
Increase of the business which was as
sumed 10 mean consequent larger prof
its and the hearts OF many who had
heroieally waited through long years
for some return on their Investment,
had been filled with. Joy at the frui-
tion ef their long delayed hopes. The.
recent buying has been of a character
to give announcement to holders and
the taking of large blocks by people
who ought to know was taken as an in
dicatien OF better things to come. The
news nipped several eyanescent booms
In the bud. and as stated by prominent
banker. 1t was another case of the COW
that gives a good pail of milk and then
Kicks, 1t over. Still this has happened
several times before
Augustus Crane, jr., the well-known
banker who has but just recently re-
turned from New York after a visit Of
several days. is not at all disturbed by
the manipulation of money rates he saw
there, but comes back enthusiastic over
the prospects for 1906. which he predicts
will be the greatest year in the history
not only of the stock market. but of
the country at large. sTa5a-s
a consolidation Of all the railroad
companies together with the Gas and
Electric Light companies of the District
In the near future. is the prediction Of a
well-known banker who has been heav-
ly interested In all Of them for years.
stilson Iiutchins. after long absence.
was present at the session Of the Stock
Exchange on. Thursday. but took no
part in the proceedings. In other days
MS visits were occasions of rare delight,
rs his humor was of the sparkling kind
good temper. And then, too, he was
good trader in MergenthaIer. which has
II late been stale, fat, and unproftabIe
II. c. Grove. the popular manager of
be Graphop1one Company's office here,
IS quite enthusiastic over an advance
repor; OF the business OF the company
Tor the present month. which is the
greatest I'm fits history. The local office.
while not large oneS makes a good
showing +-@ &
George l.. Edmunds, the manager of
he branch house of Violet. Atwood &
20, which has but recently been estab- |
ished here, is a Washington boy who
shortly after leaving Georgetown Col |
ege went to New York and soon fell
lpon pleasant places. He returns after
everaI years absence and is glad 10 be |
Jack again 10 the old town. His friends !
AVE given him a hearty welcome.
The present net earnings of the Nit
hell Mining Company are stated TO he |
bout s45. 900 month. and deducting s22.
90 for the dividend there remains a |
monthly surplus of SO, ,eoa Before April I
the addition of $50 tons daily capacity |
O the smelter will be In operation and I
re output correspondingly increased. A /
lividend OF 1 per cent-the first one /
be paid IN January, and It is 1
expected 20 continue monthly thereafter. !
The par value is 80
Reports from the Electric Light Com
amy are TO the effect that notwith-
landing the constant introduction OF /
ew machinery IL Is impossible TO keep
- with the demand upon them and
arge additions to the plant are soon
o be made. The published report that /
new company is talked Of cannot be
ra ced to any authentic source.
William j. Fiather presided over the
essiOns OF the stock exchange on the
lst two days and although he made
igorcus efforts to get business was not
ntirely successful. The persuasive quail
les OF President Hibbs We're needed
nd besides he struck bad days with
honey rates In Now York ruling at 100
er cert premium,
Trading between some OF the younger
lcmbers of the stock board is received
nth smiling incredplity by the older
raiders who have in their salad days
lade the same efforts 10 create interest
nd thought they were too we'll dis
uised 10 be apparent to observers. Oc-
asionally some one cuts in with real
usiness and the youngsters have TO
Ike their medicine. which TO their credit