The Washington times., 1913-08-28
FAIR TRADING ON
LOCAL EXCHANGE
Efforts OF Broker Keep Buying
on Upward Trend During
Session.

Despite the fact that there was hard
" quorum at the session of the Stock
Exchange, the volume OF trading would
have done credit to the aVarage mid
summer day The interest i'll the list
ed securities. however. did not reach
point beyond the filing of orders
stage.
The efforts of one broker kept buying
on the upward trend. His absence
probably would have resulted in ses-
sion void of anything even resembling
trading.
hallway preferred and Continental
Trust stocks We're the features. In all,
100 shares of Railway preferred changed
hands, at IS, S1%4, and S1la Efforts TO
purchase more of this stock on the
after call at existing ngures. failed. =,
There were 80 shares OF Continental
| Trust sold at ll5.
OF the type machine stocks, Lanston
was the only one to invite trading. Tine
interest which has Centered around
Mergenthaler for the last two weeks,
was absent today. Fifteen shares of
Lanston brought SIP Mengenthaler
advanced half poinL, however. with
no sales recorded.
Three shares of Union Trust changed
hands at 49,
A meeting of the officers and directors
of the Arlington Hotel Company. tile
organization which planned to erect
6.UOO,COO hotel on the site of the old
ArlIncton, will be held in New York
some time next week, ii is understood.
at which time plans for the futur" oi
OF the company will be discussed. k.N-
cavating work has been at a standStlll,
| pending legal complications, for weeks
1t is Understood that a plan Will be
presented to the officers and directors
whereby work can be resumed by Octo-
| Der /
! Already. something like $1,000 Of
Washingotn's allotment of the crop
moving funds has been palced in Wash.
! ington banks. The remaining part OF
! the 500 O0O which Secretary McAd)o mas
I assigned TO the Capital will be iorth-
| coming during the next few days:
| As stated in The Times YESTERDAY al
I deposits will be payable on demand. n
! less otherwise directed, the funds whlcfi
the Secretary of the Treasury is deposit
| ing in the banks of the country VIII ne
! repaid as follows: Twenty-Five per cent
| on December Is, . per cent on January
| Is. 1911; q per cent on February To- l9li'
anT q per cent on March l, 1914.
! SelWin TAFT, special representative
! Of the Treasury, and the committee from
the Washington Clearing House Asso-
| ciation, consisting of George w. White.
A q Clapham, w. T Galliher. Robert
| \. Harper. and J. c. Eckloff. have been
| going over the paper offered the Gov
! ernment as securities by Washington
! banks for the Government deposits to-
| day. AS soon as this is passed upon
other deposits will be made by the
| Treasury.
/ The Washington Stock Exchange will
adjourn after Fridays session, till next
| Tuesday. the brokers desiring to take
| a holiday over Labor Day. The Satur-
day holidays will continue through Sep
| tember.
The first bale of new spot cotton OF
| this season, marketed at the Huntsville
evchange today, brought T. cents. ac-
cording to dispatches from the Alabama
CITY, received in Washington.
W. T. Galliher of the American Ma
tional Bank. and John Poole. of the
Federal National Bank. Washington
delegates to the American Bankers Ac-
sociation. at the Chicago convention.
will return to Washington tomorrow.