The Washington herald., 1907-04-10
LOCAL FINANCIAL GOSSIP.

!
Operations on the Washington Stock
Exchange yesterday were up TO the usual
animation of the week, and resulted in
placing on record a. good volume Of
trading The railway shares were a lit
| tie more active. Capital Traction was
marked up a point from the selling price
Of the previous day, and Railway com
mon came out strongly at 1914 up to Il
Following the lead of Monday, Mergen-
thaler was again on the list for the laTg-
est sales Of the day. The selling price
OF about ninety shares was around 2o6i4
and those having the stock declined to
bulge from th figure on the most active
bidding below IT, Considerable interest
was manifested in the source of the stock
which has been dumped on the market
within the past two days, but so far no
satisfactory explanation has been made
public. The broker bringing It in keeps
his own counsel and is wary TO get the
best obtainable price for It, AS yet It
is not clear when the bottom OF the bar
rel viii be reached. Up 10 date nearly
200 shares of what has been considered
in Washington a gilt-edged security have
been sold.
Other trading was Of a fragmentary
character, in small lots and pretty well
spread over the list.
Greene-Cananea was yesterday listed on
the exchange in place Of Greene Copper,
by action of the governing committee.
At the annual meeting of the stock
holders Of the Washington Merchants
Savings Bank. IA Alexandra. yesterday.
the following board Of directors and off,
GERS was elected for the coming year.
Ezra Gould. president; H. X. Daugherty.
vice president; r.. II. Bagby. secretary
treasurer; Joseph ID. Sullivan attorney;
Il. 5. Wolfe, auditor. Directors Mortimer
d. Aches0n T. II. Bsgby George Hayes.
II. X. DaugheTty. William NJ Dove.
Henry c. Enrich. Joseph D. Sullivan.
Ezra Gould, Andrew Johnson, jr, Jesse r.
h. Lee, Charles c.. Love, p. b. Ryon.
Charles II. Squier. John p. F. White. T.
b Wolfe. and John Scott Johnson.
Opinions on the New York Market.
6. Bowie Chapman. of T. r Chapman
q Co.-"The market was more restricted
to-day. and, with the exception Of some
show OF strength in the early morning.
prices sagged continually There was an
almost complete absence of news until
the receipt Of Washington advices that
the Interstate Commerce Commission
would endeav0r 20 force z. H. Hartman
through the Federal courts Of New York
state TO give answer 10 certain questions
unanswered In the hearing here On this
the market declined more rapidly. so THAI
the closing is generally lower than last
night g. An exception must be made OF
american Smelters common, which was az
all zines strong ana closed higher. The
professional and technical market CON
tnues one in which the insiders seem 70
be awaiting developments. In view of the
situation ] would not advise taking on
long stock, except as the reactions occur
Benjamin Woodruff, OF Post & Flag
In the early hours to-day the market
was strong, there being heavy short COW
ering again and considerable activity In
the afternoon there was q turn in the
trend Of sentiment OF a report that Mir
Hartman would be compelled 10 answer
the questions which he refused TO answer
al the hearing in New York ] fail to see
why this should have any particularly
terrifying effect on the market. The FIRST
Hartman inquiry brought out such start
ling disclosures that il was really the
starting point of the panic, although cor
unued high money and the persistent at
taeks on all corporate interests were the
fundamental reasons. Now, we know an
that Mr.. Hartman has to tell, except GER
tain details ia regard 10 his personal
profits. and as I believe every one has
pretty much made up his mind In regard
TO Mr. Hartman, one way OF the other.
anything which comes out can hardly
cause much surprise or have any marked
effect on prices either way. We have had
a steady advance since last Wednesday. |
ten points ia Union Pacific, for instance, |
and equally extensive gains in other
stocks, 50 that a reaction was naturally /
In order. / believe that stocks are apt
70 be somewhat soft tomorrow and per-
haps the next day, when the market may /
turn for another rally. The selling to-day I
was not particularly impressive, and /
looked like the putting out of short 1
stocks"
S. II. Agnew, Of Henry Clews & Col
While the market displayed considerable /
strength In the early hours the upward 4
was confined TO a few stocks /