The Washington times., 1912-01-18
VERY ACTIVE TRADE !.
IN RAILWAY ISSUES
At HIGHER PRICES
Preferred Finally Awakens
and Touches 90, Moving
From 80.

1t was decidedly active dag n, local
securities. Eight-tenths of the business
was in the common and preferred
shares of the Washington and Railway
Electric Company. The insiders evil
IDENTIFY concluded that it was not just
the proper thing to boost the common
without giving the preferred any atten-
ton and they took hold OF this today
for an advance of la or from a closing
yesterday at SSss to 80 for the high point,
the range todav being 50 to 90. The
common was also given a whirl and
here the advance was from 5sk to 59t4.
and a closing at SOY.
There was heavy selling of both issues
but the stock continued to SELL the ac
cumulation being of the kind that
sweeps the board. All Information at
hand Is to the effect that the common
is earning better than per cent, nearly
s. 1t Is just within the possibilities that
the shareholders are going to have an
extra dividend from the decreased capi-
talization of Potomac Electric-there has
been no information and the idea Is
nothing more than a possibility. But
the stock was sold and the big prices
made many an old time shareholder
happy.
Gas sold sparingly at ST. This is an
ex-dividend. Lanston brought 9lh@
9lSs. Commercial National Bank brought
i9I.
CAPITAL Traction sold at le4 Riggs
5s l03
TIE Continental Trust Company, IN
process CT organization. has bat one
meits were made today Whereby tn,
Continental Trust Company will be-
come the tenant of the proposed Inter
state building. main floor on street,
adjoining the American National Bank
on the west, having a frontage of sixty
feet with a good depth. This VIII Sivc
the bank desirable home with Oct ober,
1872, and in the immediate neighhor-
hood Of its ally and friend, the Ameri-
can National.
Mercantile Bank.
Application has been made by tie
Provident Savings Bank for change
of name. the one desired being the
Mercantile Bank of Washington. The
institution is operating under an
Arizona charter end the authority for
change of name is expected in the
1t is then intended to increase the
capital stock of the institution from
100000 to much larger sum-
The change of business location has
also been considered and site prac-
tically agreed upon, II 1t can be ac-
quired right. There are strong
enough men interested IN this BANK
| to take hold of 1t and give 1T strcNg
position among the fiscal institutions
| of the city. 1t Is understood that
these matters depend only on the
| change of name.
New Bank Officers.
James l.. Karrick. late president Of
| the United States Saving Bank and
George E. Slaybaugh its cashier, have
| retired.
| The directors met yesterday and
| elected the following officers: w. II.
Cooper, president; James M Baker,
first vice president; Daniel Thew
Wright, second vice president; Wilbur
Fl. Zepp, cashier; James NJ. Baker, jr,
| assistant cashier.
w. H. Cooper. the newly elected
president, is well known in financial
circles and comes Of a family OF OF
| bankers, there veing six brothers
actively engaged in the banking
| business, each brother being the
president Of one or more successful
| banking institutions.
He has strong connections in the
| Carolinas, Tennessee and New York.
and is a man of large experience.