The Washington herald., 1908-04-21

Pursuant to notice given to that effect,
the stockholders Of the Traders National
Bank held a meeting at noon yesterday
to take action upon the proposed merger
with the Merchants and Mechanics Saw
ings Bank, as announced in The Wash
ington Herald several weeks ago.
The vote of the stockholders was IA
vorable to tfe merger, and this morning
the Traders National Bank viii pass out
OF business, and practically out Of ex-
istence. The principal Offices Of the B1er-
chants and Mechanics Savings Bank viii
open books IN the former Traders Ma
tional Bank, with a branch al Seventh
and G streets northwest
VIII Vote for Directors.
A meeting viii be held to-day Of the
stockholders OF the new institution for
the election Of directors. II is under
stood that the present directors Of both
Institutions will be elected 20 similar po-
sition.i in the new body They are as
follows:
Emmet L. Adams, Bert T. Amos. R. P.
Andrews, Henry p Blair. r. +. Burks,
A. d. Carpenter. Samuel d. Cole. L. n
Cook Charles W. Darr, r. A. Dore, c.
H Fred, Anthony Gaegler William A.
Gordon. Thomas p. Hickman. Eldridge
+. Jordan. George r. Linkins. Michael
G. Mccormick. T. II. Merrick, 2. J.
Nee, Owen owen. julius l. Peyser. Les
ter 3. Plat, A. D. Prince. William II.
Rapley, B. J. Smith. IT., Emanuel
Speich. James Strayer. Joseph Strss-
burger, Charles J. Walker Benjamin
K4roof7r,-ef VErCTf and a = Tauf-
Finger.
Immediately after the election OF di-
rectOrs by the stockholders. the board
viii elect officers, as follows:
Eldridge +. Jordan. president; Michael
G. Mccormick, vice president; julius J.
PeyseT. second vice president J. FendaIl
Cain, cashier; y. owen Thompson, as
sistant cashier William G. Worthington,
manager of the Seventh Street Branch,
and Irwin Owings, assistant manager.
stock Prices soar.
Business on the Washington stock Ex-
change yesterday was not in large vol
ume, it being found quite impossible to
/ bring out much stock though prices were
bid up 81 or 50 a share on the public
/ utility shares in the hope OF doing SO.
The sales were al better prices than
those that ruled last week
Washington Railway common sold at
/ 81. but NJ one time was bid up 10 50 when
/ il was found that no more could be had
al the selling price The preferred
4 sold from . TO rs, and was bid to 16iz.
I Gas brought 62l. on a 40-share lot, and
! apparently more would have been pur-
/ chased at that price and higher. Yester-
/ day was a good time to sell stocks but
/ the brokers on the floor did not have
/ them for sale, and the spectacular bids
went for naught. most Of the high ones
being withdrawn from the record.
Exchange Must Move.
The exchange received notice yesterday
that at the termination Of its lease on
May 81. the lsndlord would require the
/ room used by the stock exchange, on the
| third floor Of the Warder Building Il
was stated that the building would Ia
/ occupied by the government, and the eX-
change will be obliged to yecate before
the end Of next month. Several of the
brokers expressed the hope yesterday
that better room, and one with more
modern facilities. might be secured for
the use Of the exchange in the future.
/ Thomas l. Hume, president lof the ez-
change, and now president of Thomas l.
Hume & Co, started In business yester-
day on the first floor OF 1885 F street. He
reported last night a good days business
at the new stand.