The Washington herald., 1907-09-20

bunlLtoe WIS actieIs prices We're a
shade better. and the tone Of affairs bet
ter on the Washington Exchange yes
terday than al any time since the scat-
tering OF brokers for their summer vaca-
tions. This appearance Of optimism was
not measured by the number of trans
actions, but in the interest shown ia
business, the large attendance OF mem
bers and the strict attention given 20
different phases Of the market The
transactions were $500 in bonds. and
ZAP shares Of stocks. ?, 100 Of which were
Mitchell Mining.
With the exception of the last-named
stock. 800 shares Of Washington Railway
tai Traction . per cents there was no
disposition to part With securities, beyond
scraps and small lots
Traction shares Stronger.
II was noticeable that the traction
shares We're stronger yesterday There
were no sales in any but Railway com
mon. and these started strong at s.,
selling up TO 35H. and higher bids made
for large blocks. II was made evident
that any amount Of the shares would
have been taken If they had been for
sale. This bidding up Of the railway
shares. coming after long season Of
duilness. where many attempts were
made 10 buy at lower figures. proves
that # these stocks are 10 change hands
it must BE- at higher figures.
The big sales Of Mitchell Mining re-
suited from throwing upon the market a
big block Of the stock held by local
speculatOr who had grown weary Of
waiting TO realize upon his holdings II
was taken by one broker. and bids made
for more az the same price. I.25 a share
Whether there viii Doe fuyther unloading
Of Mitchell in the light Of recent dis
closures into the affairs of the company
remains 60 be seen.
Temporary President Elected.
Though George Mitchell has been sup
planted I'm the presidency 0f the company
By the proprietor Of the National Park
University. at Forest Glen. Md. who is
temporary president. f is among the pos
sIbiHJies that Mr.. Mitchell VIII stir up a
contest for the supremacy. which might
eventually land the company In the hands
Of a receiver. II is hoped. however, by
the board Of directors that peaceful pos
session may he given 20 the company's S
property. and that affairs may be settled
without long litigation or serious trouble
The suppianting of Mr. Mitchell. fl is
said. has been brought about by methods
which extended q him every consider
alton which could be accorded the
founder OF the company. and il Is thought
by many that he will quietly withdraw.
taking his place as a minority share4
holder and await the rejuvenation OF the
company
II Is understood 10 be the intention OF
the board of directors 10 elect a perma-
nen: president and reorgauize the board
as soon as affairs reach a state where
such action can be wisely attempted.
Demand for Trust stocks.
Trust company stocks were in good de-
mand. and several small orders were
.hIled at good prices. United States Trust
stock sold at %. with offerings at par.
The prediction was freely made yester-
day on the Exchange that Washington
Loan and Trust stock would receive an
S per cent dividend, probably at the next
dividend period
Edmund S. Wolf, one OF the obliging
clerks Of the American National Bank
Will wed Miss Alice E. Johnson, at the
Central Presbyterian Church. next Satur-
day afternoon at > o'clock. the pastor Of
the church officiating The bride is the
daughter of Mr. and Mrs. J. AlJheus
Johnson.
The Washington Chapter of Bank
Clerks. Of which Mr Wolf is an active
member. VIII participate in the festivi-
ties. as will Mr.. VOLTS fellow clerks at
the American National Bank. and a rep
resentation from the Washington Me
chanics Savings Bank, of which he is
a director. will also be on hand 10 give
the young couple an appropriate send-off.
II is understood that the bride viii be the
recipient Of some very handsome presents
from these three organizations with
which her husband -to-be is associated.