The Washington times., 1913-06-08

New York stocks were not the oniy
Issues that suffered during the las,
week The extent to which stocks and
bonds listed on the Washington Stcck
Exchange were affected is shown oy
the fact that ont of the eighteen ISSUES
traded in only three showed higher
figures than the preceding week; twelve
sold at lower prices, and of these, seven
recorded new lows for the year.
Capital Traction. District National
Bank. and Washington Loan and Trust
were the only ISSUES to snow gains
New low figures were recorded for
washington Gas SIS. Anacostia and Po-
tornac Railroad SIS, City and SUBURBAN
Railroad SIS. Washington Railway
Washington Gas, Mergenthaler, ana
Lanston.
volume of bond trading, s45,boo, as COM
pared with $4,000 the previous week
and so. coo the week before. but the total
sales Of stock was only 96l snares
comparing with S72 in the four days iast
week and $50 two weeks ago.
washington Gas continued to lead the
trading activity, a total of E4 shares
coming out. An unusual volume OF TINS
stock came on the market late In the
week and forced the price down TO S2s,
Ia under the previous low OF the year.
The stock recovered somewhat yester-
day and sold at S, but there was much
An of the Washington Railway issues
slumped, the common stock losing SHs
The chief bond trading was in Wash
ington Railway As and Potomac Eiec-
tric Consolidated SIS.
Three washington corporations hold
their annual meetings this week, the
Merchants Transfer and storage Som-
pany. on Tuesday, and the First Nd
tionai and Commercial Fire insurance
companies on Thursday.
Secretary william Jennings Bryan
Will speak Thursday at the annual con-
vention of the New York state Eank-
ers Association at Ottawa on THURS
day.
The washington banks are having
new homes built for their occupancy,
the Security Savings and Commerclai
west; the Park Savings Bank. at Ken
yon and Fourteenth streets northwest.
and the Home Savings Bank, at Eightn
and II streets northeast.
The Security, Washington's youngest
banking institution. which Is now oc-
cupyine temporary quarters at sS3
Ninth street. Is making q modern ano
attractive banking house out OF the
structure at the northeast corner OF
Ninth and G streets. The architects.
MiIburn, Hester e. Co, under whose
direction the new building Is being
erected, expect to have the bank ready
for occupancy by the end Of the month.
The entire first floor is being remodeled
for the bank, while the whole building
VIII be changed to conform to the style
OF the first story, making an attractive
Improvement.
A new building of brick and stone,
two stories and basement, is being
erected for the Park Savings Bank.
which is now located In the Arcade
building. II will be occupied about Sep
tember 1. The bank will occupy the
first foor and the basement. while the
second floor is TO be hall with ante
rooms.
The northeast branch of the Home
Savings Bank is expected to occupy its
new building by July l. This is one
story building to be used entirely by
the bank.
The New York stock market has
keenIy Interested local investors during
the past week. Middendorf. Williams
& Co, Baltimore bankers. In their
weekly review, take hopeful view OF
the situakiOn. They say:
''rhe ordeal through which the nnan-
easj wsril Daasd this week may prove