Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-06-10
HEARD ON CHANGE

Another uneventfui week on the local
exchange is the record OF the past six days.
The quotations on the list have been sup
piled regularly each day. but the variations
made have been very slight. SO that the
figures remain practically unchanged. In
other words, while there Is no demand
there is also no pressure to sell. which
leaves the market stationary, as far as
prices are concerned.
This simply means that as far as BUSH
ness Is concerned there is nothing going
on in the local stock market, and this con-
dition therefore does not have any Sig
nifcance, apparently, such as is sometimes
the case when there is a scarcity of money
or some other reason for keeping people
out of the market. At this time there seems
to be nothing the matter except that no
business is being done.
Perhaps similar condition in the larger
market of Wall street has something to do
with the state Of things here 1t Is not
uncommon for one market to effect the
other. and when business Is lively in New
York, then it is not unusual to find good
deal going on here. Some OF the wise
financiers, or at least those who talk or
write for the newspapers, explain the pres
ent inactivity in the stock market. or what
is probably the same thing, the absence OF
the public from the daily skirmish for Sc
cGrltleS, by asserting tndt lneFo may De u
cloud or two in the dim horizon Of the fu-
ture.
Just at present money is in fair album
dance, as shown by the moderate interest
rates, but then these forecasters say what
will be the condition when ii comes to
supply the funds that will be needed to
move the crops. beginning some time IN
August. 1t is argued from this that II
would be just as well to prepare now for
possible emergencies and not tie up too
oh tty,til ftrttr oaCc
At the same time the business condition
of the country is said to be substantial. and
people generally are making money. This
describes very fairly the local conditions,
and 1t is probably due to tt that during the
period of inactivity locally there have been
SO few changes made in prices
The market has held it's own remarkably
we'll. and that in itself Is a pretty good
proof if any was needed of the intrinsic
merit of the securities that are found on
the list of the Washington Stock Exchange.
1t Is predicted by some, however, that
there is going to be a renewal of active
trading before very long and in spite, too
of the fact that the calendar indicates that
tie season for getting busy is over for the
time, and that the annual vacation period
is at nand.
According to the current political gossip
in New York state, Mr.. Frederick c. Ste
vens the president of the Commercial Ma
tional Bank Is headed for a seat in the
National House of Representatives The
people of the District have some interest
in this gossip, for in the event he is elect
ed it might be said, without too close ad-
hesion to the strict meaning of the term,
that they would then have local repre-
sentative in the lower house. Mr. McDer-
mott, the president of the Washington
Railway Company. is now member Of the
House, so that as Mr.. Stevens is identified
with local interests. it may be said that the
District will have two representatives in
Congress