The Washington herald., 1907-11-24
AWAIT TURN OF TIDE
Washington Brokers Expect
Better Prices.
LOCAL BUSINESS IMPROVING
Trading Yesterday Was I'm Small
Volume at Slightly Better Prices.
formation which ArOuses "A Much
More Confident Feeling.

Trading yesterday on the local exchange
was OF piece with that Of the last three
weeks, in small volume. and differing only
in better prices for most OF the stocks
and bonds placed on record. Capital
Traction bonds to the amount OF s. 100
were sold at 10. nearly half a point
above the last recorded sale. Stock 10
the amount of Do shares was sold. 90
being Mitchell Mining, which went AT -
MergenthaIer sold at 1898, and some Of
the storage stocks were called Tor and
sold at good prices.
Trading remained in fractional lots,
but there was a distinctly better feeling
shown yesterday. due possibly to encour-
aging news from the New York market
which at noon was up from one TO three
points all along the line.
Expect Rise In New York.
1t is being noised about in the chan
nels where secret information regarding
stocks Is carried among borkers that a
good rise is imminent in the Wall Street
market. Well informed brokers IN Wash
ington are looking for better showing
during the coming week. They say that
unless something unexpected happens
the bears will have the time OF their
lives before next Saturday night
Some Of the pessimists do not take 50
rosy view OF the situation, declaring
that at intervals Tor three or four months
operators in Wall Street have sent out
similar announcements, only to have the
market respond feebly to the efforts OF
longs 10 carry ii up. Some Of these men
say they will wait until about Tuesday,
and then, II the market is on the run, II
| viii be time enough 10 get in.
Notwithstanding this conservative
view Of the situation. there are those who
| are 80 hopeful that they can hardly wait
/ for the opening Of the market next Mon
I day. feeling so sure that the tide his
really turned that they are ready ID
plunge. like a race-track novice on hun
/ dred-to-0ne shot With this UndercurrenJ
of interest I'm affairs i'm Wall street things
/ yesterday were looking up in Washington
stocks. and t. would not De surprising Il
| the deadlock between buyers and sellers
might be broken next week and some
/ OF the waiting public utility stocks. bank
shares. and bonds find a market at bet
ter prices than have prevailed for sew
eral past weeks.
Think the Tide Has Turned.
Brokers who insist that the turn of the
tide has come base their confidence upon
The action OF the New York market since
| last Thursday. They say there has been
quiet accumulation Of stock az the
low figures by interests who know be-
| forehand Of the expected rise. They de-
clare that the trading for three days has
: been by professionals. who do not take
/ over stock for investment but for specu-
latlon. and these brokers assert that q
deeply LAID plan has been about completed
/ 90 rout the shorts and carry the market
! Up % higher figures.
The prophecy Is given. as Il comes from
more or less confidential sources in New
| York. for what ID is worth. amounting as
/ II does 10 advance confidential iuforma-
ton that some excitement is pending in
/ Wall street within the next few days
At a meeting OF the directors Of The
I Federal American Banking Corporation
yesterday il was decided TO open Tor
/ business in the Offices Of the company
/ Twelfth and q streets northwest. on De-
/ cember l..