The Washington herald., 1910-10-13
LOCAL FINANCIAL GOSSIP.

Certainly not from any desire to trans
act business. yesterdays session of the
Washington Stock Exchange was held
merely 10 follow established procedure.
The few brokers present sat through the
call with scarcely an interruption. and
had 1t not been for the stagnation OF
the preceding summer months new low
record for volume OF business transacted
would have been established.
The quotation board showed little
change after the close Of the session.
Two sales were made in the bond list
one on call OF $500 of the Washing
ton Railway and Electric at 63A, and
81 600 Of the same after call at half
point drop. There ives no change In any
OF the other railroad bonds recorded, ez-
cept for a fourth point raise in the ask
ing price of Capital Traction IS.
Gas bonds held firm at the Same quota
tlons as the previous day. In the miscel-
laneous bond list there were two changes.
neither OF them having. however. any
special significance. The bid for Poto-
mac Electric consolidated IS raised a
fourth point over the previous day. with
the asking price firm at 1904 The BID
on Potomac Electric Light IS dropped
half a point, with the asking price hold
| ing at 10
Public utility stocks showed little
change. The bid on American Telephone
and Telegraph rose full point. but there
we're no offers. Offers on Washington
Gas were at a fourth point drop from
the preceding day. with the bid remain
| ing the same Mergenthaier Linotype
rose from 2l9lk 10 220tk long enough 10
/ have a two-share sale recorded, and
then dropped back to 1884. with the
ofrer al 22i Lanston Monotype dropped
/ fourth point on the preceding days
| bid. with the offer the same.
There were but few changes In quota
tons on national. savings, or trust COM
pany stocks. One broker raised his bid
on Farmers and Mechanics National FIVE
points. but the offer held at 800 Ma
tlonaI Savings and Trust offers were
raised ten points. but there was no change
/ in the bid. Bid on Union Trust rose a
half point, but there were no offers made
No changes were recorded in the savings
| list
! In the fire Insurance stocks there was
la manifest attempt 10 secure little
trading. but all Efforts or both holders
and prospective buyers were without
avail. National Union rose on bid 10 7%,
and the offer dropped from 70 S&. but
( there was no trading The same was true
/ in Columbia Title Insurance. Bid opened
at As. with the offer at SIS. with no re-
suits Miscellaneous stocks showed no
} change. except for the bid Of on Graph
/ ophone common 10 keep II on the board
As a result OF error in placing the time
( for the closing OF the transfer books OF
the Washington Loan and Trust Com
pany. yesterdays financial gossip made IL
appear that there was a four point al
vance on a ten-share sale. The books,
/ however. do not close for some days yet.
/ and the purchaser. therefore. receives the
benefit OF the Sl25 per share quarterly
dividend.
/ Returning from the bankers convention
/ recently held IN Los Angeles, Vice PTesi-
/ dent Father yesterday gave an interest
I ing account OF the work accomplished.
/ Special trains were run 20 the coast from
several sections OF the country, and there
were about 400 bankers in attendance at
the convention. Attempts were made 70
bring the next convention 10 Washington.
but the matter was not definitely decided.
! The Comptroller OF the Currency yes
terday issued a charter 10 the First Ma
tional Bank OF Marcellus. y. Y, which
was organized with a capital stock OF
/ t25.000 and Of which J. c. Parsons is
/ president; F. ". Knapp. vice president,
and e y. Burgerstock, cashier.