The Washington herald., 1912-01-05
PINANCEAND REALTY

The meeting OF the local stock exchange
yesterday was the most interesting ses-
sion that has been held by that body for
many months. 1t was interesting for sew
eral REASONS. The attendance was larger
than usual ana the amount Of trading
done far exceeded the records Of any
session during the last several months.
There was a good demand for many
stocks, and in one instance the prices
paid established a new high record,
The buying was mostly OF the invest
ment nature. the recent January disburse-
ments being responsible.
The common and preferred stocks OF
the Washington Railway and Electric
Company claimed the greatest amount Of
attention. The common made new
high record, touching 551-2 from an
opening OF s. Ia The buying was mostly
done by the broker who has been active
in accumuleting this stock for several
weeks past. After 80 shares had been
traded at Sc 10 the price then rose to
So SIS. The prices then increased by steps
OF one-eIghth OF a point in each instance
until 50 1-2 was reached. After 81 shares
had been sold the bid for the stock was
50 and the asking price So 81
The preferred stock was more active
than usual and sold at a slightly higher
level than was the case the previous day.
The sales ranged from s. SIS to s. rs, two
loo-share lots being sold at the former
figure. At the close the bid was IS 1-2.
are a quarter point better than those Of
the day previous.
During the regular call very little busi-
ness was done in Washington Gas stock;
sCles being made at prices which were
slightly lower than thoSe of the previ-
Gus day. At the close the bid was 20 Ia
After call the stock resumed its former
level, when sales were made at 90 1-2 and
90 "a.
When Georgetown Gas was called II de-
veloped that there was a five share lot
to be had at us, which was the selling
price OF a quotation lot the day before
The best bid received for the stock was
100
There were several sales OF Capital Trac-
tion per cent bonds at Ill, 5000 OF the
bonds selling 1t that price. Other bonds
which figured in the selling were railway
Is at s. 5-S, Potomac Electric cons. IS at
lO1. and Telephone IS at 10l L.
Lanston stock was stronger and more
active than usual Sales were made at
90 IL and 90 5-S
EastwicIk becomes Manager.
Announcement was made yesterday that
Maj. P. G. Eastwick, who has for many
years been connected with the Interna-
tional Banking Corporation. is shortly
to become manager OF the local branch
of that institution. He will succeed Al
fred g. McGrath, the present local man
ager. who 1t is understood will be ap-
pointed to an important post in connec-
ton with the banking corporation in
New York City.
Mai. Eastwick is well known in the
banking circles Of both the United States
and foreign countries. He has been con-
nected at different times with the branch
es Of the International Banking Corpora
ton In Panama, Manila, San Francisco, |
New York, and London. He was formerly
manager Of the Panama and Manila Of |
fceG.
Resigns from Board.
Thomas B. Huyck has resigned as q |
director of the District National Bank. |
The vacancy thus caused on the board 1
will be filled at the coming annual cleo /
ton Of the company.
Bank CIearfnEs show Increase.
A new record for bank cIearings for 1
was set Monday when the
total amounted to g, zoe 600. The average \
are about $1.oOo.OOO less than 1
that amount
Changes In Bank officials.
Private advices from Wilmington. Del.
announce that at the annual election of
the Security Trust and Safe Deposit
Company. the oldest banking Institution
IN Deleware. John S. RosselI and l.
Scott Townsend were elected vice presi-
1ents of the institution. Both men are
well known in Washington banking cir
lies.