The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-10-26
LOCAL FINANCIAL GOSSIP.


and trading brisk from the first tap OF
tho gavel to the close Of the hour yes
lerday's session OF the Washington Stock
Exchange showed a final record closely
approaching the normal The aggregate
total for the stock list was 1856, marked
advance over the transactions OF the
previous day. and ahead Of the record for
the same day last year.
The bond list tradings totaled 81 900 In
four securities, two of which had lain
dormant for many weeks. Bidding was
spirited IN several others of the bond list
ings. and while the transactions In them
selves were not impressive, II may be
said that a general upward trend is evil
dent.
Traders are generally optimistic regard
Ing the present status OF the exchange
listings The opening OF the fall was GER
tainly not impressive. many sessions
merely serving little more than TO drone
through the call. Days on which me total
transactions Of an exchange in a city OF
the size of Washington do not go above
twelve in the stock list and 800 in bonds
cannot be explained by declaring them
periods OF momentary stagnatfon.
Such a session as yesterdays therefore,
not only reflects the true tone OF the
market here. but serve 70 instill conf
dence In prospective investors as 20 the
expectations OF disposing or their hold
ings without delay should they wish TO
place their money elsewhere.
Washington Gas was easily the largest
trader OF the day. In total, 2S0 shares
changed hands. or a fraction more than
two-thirds of the grand total for the ses-
sion. The market FOR Gas was well sus-
tanned. The close OF the trading in no.
wise indicated that the supply was ex-
hausted. The first six lots sold. aggre-
eating $50 shares. went at ISL, when
three lots jumped the fraction TO Is. and
= for fve-share lot After call fifty
shares went at the old price.
The bidding continued at this figure,
with no offers The holders eventually
demanded the IS. but the fractional diff
ference prevented any further trading
Certificate IS sold to the sum of S4oO at
an eighth above par, but there was little
additional demand or offer.
The bond list transactions were inter-
esting, in that two securities hardly no.
ticed for months suddenly awoke to par
ticipate in the trading, Washington Mar
ket Cold Storage 5s sold In the sum OF
1850 az half a point below par. and S. 600
Emerson Steam Pump 6s brought 50 in
each of the three transactions. The 1927
and 1917 Washington Market 5s were
listed in the bidding for the first time
IN several weeks. par being BID for each.
Holders offered at ga and Ga. respec-
lively.
The type machine stocks held up fairly
we'll No Mergenthaler was sold, al
though the bidding was brisk Several
brokers offered 22il5 for the stock and
one rose TO rs. but the holders showed
the asking figures up 10 226. and no trad
ing resulted. As predicted in this column
some days ago, Lanston is steadily gain
ing Ia activity and the quotations would
have held up we'll yesterday had il not
been for considerable amount OF the
stock being thrown on the market with
out more than ordinary demand
AS IL was. the stock sold in several lots
at SIS, and the half. with a ten-share lot
at S.. Toward the close OF the session,
however. the bidding fell down 10 IS,
with the offering al a hale point above
The general impression remained that
the next few days would see both type
machine stocks reach higher figures than
have SO far been recorded.
Bank stocks were active throughout
the session. although few sales were re-
corded American National sold In two
lots OF ten az 10, with the closing bid
point and half below The stock was
offered at the close at 10 On CONNER
cial, one broker ran the bid from l95 ND
10 200 without results. and the closing
quotations were at the old bid figure.
with the offer at 993.
At a recent meeting Of the Mutual Pro-
tective Fire Insurance Company OF the
District Of Columbia the following Off
GERS were elected: James G. Hill. presi-
dent; Claudius b. Jewell, vice president.
James Z. Fitch, secretary and treasurer,
and William A. Johnson. assistant score
taTy and treasurer. William A Johnson
was elected a trustee 10 fin the vacancy
occasioned by the death Of James L. Nor
ris.
An application was made to the Comp
trolleT or the Currency yesterday by c
D. Foss. jr.. OF 1924 Chestnut street,
Philadelphia, and other citizens Of Phila-
delphla, to organize the West PhlladeI-
pild Ndlohdl BANK, Win a capltaI STOCK
OF S20o,0o0 The application was approved.
The Comptroller OF the Currency an
nounced yesterday that the Fort Pitt
National Bank, OF Pittsburg which was
placed in the hands OF a receiver De-
cember 7, 1907, had not only paid creditors
in full, with interest but the stOckhOld-
ers having continued the receivership to
liquidate the trust Will now receive 10
per cent on their claims. or approximate
w S1OOOOO