Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-24
LOCAL FINANCIAL NEWS.

However the members of the stock ex-
change may be affected by the general
spirit of the season. which seems to be
to a large extent one Of buying. they did
not manifest anything of the sort at the
meeting today. In fact President Hume
had difficulty in arousing enough interest
or securing the attention of the brokers
sufficiently to get them to put in the figures
which makes the daily quotations.
In spite of the fact that there was good
attendance of the members of the exchange
the proceedings were mainly routine In
character and there was but little business
done. More interest was taken In seeing
that the usual Christmas present to the
employees of the exchange was made and
that each one who came In had called to
his attention the little box with slit
made in the top cover like a ballot Doxs
where the cash offerings were deposited.
When Mr.. Glover came in he was at
once vociferously invited to contribute. but
some Of the brokers who had been early On
the scene informed him that it was not nee
essary as William had put in for him;
The same thing happened to Mr.. tlDos'
but he was rescued by the same oblfging
chorus which shouted out that tom" had
put in for him.
The box was In charge of Mr.. Bell and
he saw to 1t that no one missed seeing It
and in this he was aided by practically all
the other brokers. so that Mr.. Hume ana
the call became a secondary matter How-
boys would call good deal of kidding"
and in this way some of the hilarfty OF the
season was given chance OF expression.
In general way the Christmas joy does
not find much Of response in the general
condition of the stock market. In the new
York market today-and the coEd1tlon there
has a large influence ~here-there was
further slump in prices and while latter
in the day there was a rally, still 1t was
what brokers call "a catfish rally what
ever that may mean, and so practfcaly
there was no change in conditions.
With a falling market In stocks there
come reports from all over the country
that Christmas buying has been unusually
large and in that respect the present sea
son is likely to be a record breaker. wash
ington is no exception to the rule and the
local merchants have had a good Christmas
season.
Prosperity with a large "P' seems to
continue to mark conditions throughout the
country and the tremendous use OF money
in all classes of business is assigned as a
reason for the scarcity of it in the STOCK
market and the high interest rates winch
prevail. 1t is the belief OF some students
of the situation that the new year Will Wit
ness change for the better and that with
the payments on account of interest and
dividends which are made at that period,
relief will come - to the money market
There is a difference of opinion as to the
time when this relief Will be experiences,
some placing 1t soon after the opening OF
the year and others later on.
In the meanwhile the richest man in the
world Mr.. Rockefeller. raises his voice in
warning and asserts I'VE are going en-
tirely too fast. We are taking advantage
of prosperity to be wasteful and extrava-
CANT We are not saving up for rainy
day
The Cleveland stock exchange has listed
the first five per cent bond pool certificates
of the Washington, Baltimore and Annap-
nIic trio EoiI
ond per cent bonds, the common stock
pool certificates and underwriting receipts
(i0 per cent paid in) and also the Baltt-
more terminal underwriting certificates
90 per cent paid in.)
The capital of the company is $3.50 600.
1t controls the Terminal Company which
owns the entrance into the city of Balti-
more The latter has bond issue OF
81, go, 900.
The entire enterprise is controlled by
Cleveland interests. 1t is expected that a
double-track line between this city and
Baltimore, with linz. to Annapolis, will be
completed by the LIST of July next.