The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-04-26

Mitchell Mining attracted most atten-
ton on the Washington Stock Exchange
yesterday. There was an urgent call for
it OF sh and the stock not being avail
able several options were taken al 4
on sixty days time. Washington Rail-
way and Electric preferred also showed
some activity sales being recorded at
S0ls-
James NJ Green. one of the popular
young members Of the exchange, who fell
aud broke his leg several weeks ago, APP
peared ON the exchange yesterday and
was warmly welcomed by his associates.
Among real estate men and others the
custom Of certifying notes given IN con-
nection with deeds Of trust is regarded Us
a special advantage 10 those who may be
called upon to handle such paper. BY
fact of the registry of such notes they
cannot be duplicated or otherwise mis-
used, as It is said they have been in the
past This system Of certifying trust
notes was adopted about three years ago
by 3. +. Saul & Co. in their real estate
operations. and later was taken up by
some of the title insurance companies.
and is now abouJ to be generally adopted
throughout the city.
An authentic history of the New York
Stock Exchongs has recently been pub
hshed, giving the facts regarding its
origin about thirty years ago. describing
the methods pursued IN Wall street and
telling how the various branches Of the
business In speculation is carried on.
The book was written by S. A. Nelson.
Well-knOWn writer on financial matters
connected with WaH street.
Opinions on the New York Market.
G.. Bowie Chapman. Of T. r. Chapman
6 transactions dwindled consider
ably and trading was Of "a highly profess
slOnal character. After an Irregular open
ing the market declined quite rapidly
then became intensely dull In the after
noon some recovery took place under the
lead OF Union Pacific. hat final prices, save
on that stock. failed 10 show advances
other than small fractions. Judging from
the tactics displayed in handling the
market during TIE past few days. il looks
as though aH effort was being made, paa-
ticuiarly so n times OF greatest dizziness
10 advance prices Of a few Of the leaders
win a VIeE apparently Of selling stocks
on the up track. / think h Is well TO bear
this in mind, slipping out of long stocks
as opportunity presents Itself
Benjamin Woodruff. Of Post & Flagg.-
This has been another day of duh and
professional trading The market started
somewhat heavy. and showed q reaction
airy tendency during most OF the day. II
rallied IN the afternoon and closed with
out material clange. Union Pacific and
Reading continue 10 be the leaders of the
market. and apparently there has been q
good accumulation Of both stocks. Tile
buying of Reading makes it look as IL
there might De better prices III prospect
there is practically none. Reports Of
damage % the winter wheat crop con-
t.nuc. and doubtless this particular plant
ing is not coming through we'll OF all
the crops, however. it is the one that
can be most readily replaced when the
difficulty occurs SO early In the season,
and 10 is not. therefore. a matter of seri-
Gus Importance Nevertheless. IL gives
the impression Of a rather bad start 10
the crop season. and this tends 70 cau-
ton the stock market. Money remains
easy. and better conditions in this re-
spect are rapidly developing abroad The
Bank Of England rate WAS reduced to-
day to { per cent which brings back
more normal conditions than have existed
in the London money market for a long
time past Retail business continues
active and orders En- the steel trade are
said 10 be fully up to the mark. The
market seems 10 be good trading affair
Tor Tho r1rae1rf 90