Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-07-27
LOCAL FINANCIAL NEWS.

There was not much Of interest today at
the meeting of the stock exchange. 1t
was noticeable. however. that some
orders for bonds required the going to
higher levels than have prevailed of late.
One instance was in Capital Traction
bonds, where III was paid for one bond.
and the broker. wanting another one. was
obliged to raise the bid to the same level,
and then did not get what he wanted.
bond of the Washington Railway
Company sold also for a better price than
has Of late been recorded. when SOA was
paid. and that was the bid for more. 1t
seems to be the impression that the lot
OF bonds which came on the market re-
Gently Is not vet exhausted.
Fractional lots of the preferred stock
sold at higher figure than has been
quoted of late in connection with this
security. and q quotation lot Of fifty
shares brought SIN.
The advance in prices in the stock mag
ket is illustrated by the average price
of railroad stocks. which has passed be-
yond the level that existed last year just
prior to the beginning Of the late financial
panic. The recovery, therefore. In this
particular. has been complete.
In some quarters this is regarded az
foreshadowing a corresponding improve
ment in business. Up to the present time
the recovery in the stock market has
gone on at faster rate than that OF
business in general.
The abundant rains Of the past few days
are factor of importance In any esti-
mate Of the financial and commercial situ-
alton, because of the beneficial effect on
the crops. The latter give promise of
abundance and with that assured, the out
look in all directions is considered as
much brighter.
Some of the members OF the stock ex-
change have not taken their annual out
ings. but it is expected by some of them
to devote what remains OF the summer
season either in whole or In part to that
purpose. OF course. there are some who
stay at home In the hot season and 60
away later on to hunt or to fish, or
merely to loaf.
Mr.. Green belongs to this class, al
though not to the species last mentioned
He takes weeks of in the fall and the
spring. when the hunting IL good about
his place in North Carolina.
Mr.. Flather leaves this week for Po-
land Springs. where he has been in the
habit of spending portion Of each sum-
mer
Unless there is something worth while
IN the way Of an extended tour Mr.. Hurt
prefers to stay at home, and there Is
wnere he Is usually, except when the ex-
change meets.
Mr.. Easterday has not yet taken his
departure for the rest and change which
ne usually seeks at this period of the
year. but he has plans for the balance of
the summer which will take him away
from his accustomed haunts.
With his motor car Mr. Halstead has
more imam a speaking acquaintance, and
while he may be said to be in town. and
is Tor the most part yet is also far
away. only last week he made a trim
covering about thousand miles.
Mr.. Moses is lingering in town. but he
ls booked for a period when golf can
become his principal occupation. and NOT
merely side issue with business
MT Norment IL at home. but goes down
the river occasionally for q weekend holt
Gay Mr.. Thornton. who liz associated with
Mr. Norment and Gen. Harries in the ac-
tive management Of the Washington Rail
way and Electric Company, will soon be
due to return from Europe
Mr.. Hfbbs is in the city, as he was
last year and the year before In fact.
II mas been SO long since he was away
from business for holiday purpose that
the record OF 1t has been lost. He has,
however, his country place near Leesburg
Mr. Bell has arranged for holiday to
be spent in the woods, where he will get
as near to nature as Is possible with a
due regard to having some regularity in
meals
Mr.. Paris is to be found in his accus-
toned place. which is likely to know him
for some time to come.
1t Is probable Mr. Mearns will lend his
presence to the Adirondack region this
summer. He has been there before and
the mountains are used to him.
Mr.. Hume has not separated himself
from his usual activities, but when he
does there will be a noticeable lull.