Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-21
HEARD ON 'CHANGE.

The firSt-of-the-year elatiOn over the good
business of the preceding twelve months
and the rejoicing over the figures that were
the biggest yet has not entirely subsidized.
The annual meeting of the clearing house
took place during the week and in addition
to the election of officers, the totals for the
past decade so were brought together,
showing the volume of business that had
passed through this modern device for do
ing great deal of business quickly and
Well
According to these figures not only was
the past year the greatest ever known in
the history of the clearing house in the
amount of business done. but it was about
forty millions grea er than was the case
during the preceding year. Ten years ago
that is, in the year 1S95-the total clearlngs
reached nearly one hundred millions and
the two-and-a-quarter millions of the past
year give a pretty good idea of the growth
of the transactions through Washington
hhancldI institutions IN the past decade.
Figures, however, are only useful as helm
ing somewhat to give a clear idea of condi-
tons as well as to bring out in a measure
that such conditions actually exist Every
body in business knew pretty well from h,c
own knowledge of what was going on with
MN what the records of the clearing house
would show before the official report was
made.
With a good year behind and the inores co
In resources which that afways MEANS
there is every prospect that the coming
months VIII prove equally productive.
Inc project of forming lunch cIuh :,
winch good many members of the ex
change are Interested, has not been aban
doned, as the search is still going on fnr a
snltahie place. The latest location sug.
sesteq IS tne Top moor of the building which
the Metropolitan Bank is erecting On 15th
street between and G streeIs WIN. is
wanted Is top floor of some building With
IN easy reach and amid surroundings that
are suitable for such an Organization
Inc habit of taking lunch In the ,,ts
die of the day is so common that ,aar1r-
every one IN business makes Soma a ~
rangement for that function In large
~ t1,,, OF instances but very little time
Is gwen up to it. and in others as noiint
as an hour is not considered a vast Ia
the latter cases the lunch time IS of.an
mace M an opportunity for the considerable,
can be given to IL than at anv o+be M
Rod in busy day. Pe
al me same time there are those who
mo that they are abusing their stomach
by the noon meal, either by eating TO-
Iast. making their bill of fare too haaI,y
or through eating indigestible food, II
i Is ati.e EVIDENT that man cannot eat
\
business place and do good work: and So
unless one can take an hour or so AT the
midday meal he would better be contend
with light repast
sort OF lunch club has been formed
among the members of the exchange. who
are found each day in the cafe of VIII
lafd $. But 1t Is only by chance that they
All go at the same time, and SO a mora
aehhlte arrangement which would be
brought about by a club, would no Doubt
be agreeable TO every one.
AS the business increases and becomes
more important there is no doubt an Eff
tort VIII be made to start here In con-
nection with the exchange, a clearing
hoase- where the representatives of the
brokers can meet each day and exchange
the securities which have been bought
and sold ana thus do an amount of BUSH
ness In Il short time that Row requires a
good many legs and good deal OF time
TO do
The. principle Is just the same as the
clearing house for the banks. Formerly