The Washington times., 1913-02-16

I last night report today that they
i found the occasion so interesting that
ington. Most of them got back to
town about 4:30, this morning.
The changes on the Washington Stoci
Exchange for the week have been Sigh,
and unimportant. except for the activity
in Washington Gas. The announcement
OF Mr.. Letters proposed resignation
and the agreement among the directors
to the program gave an enlivening i'm
pulse to the securities. This resulted
In the sale Of 41s shares of the stock
at solid prices. and the sale Of large
number Of the bonds.
Washington Railway common made q
s3 points lower than the high and y
lower than the low up 10 this week.
Lanston also made a new low. 81, by
dropping u point.
But one stock not previously dealt in
this year came out, East Washington
Savings Bank. Twenty shares were
sold at 15h. There was no change In
to q week ago.
J. Selwin TAFT. president Of the Wash
ington and Southern Bank. the local
member of the Investment Bankers
Association Of America, has received
word to the effect that the next annual
convention OF the association. which
will be the second, will be held IN Chi
caSo in the latter part Of August. when
a number of subjects Of vital interest
to bankers and investors VIII De con-
sidered.
The next meeting OF the board Of
governors of the association Will be
held in St Louis in June.
The association has just issued and
sent to all its members q neatly
bound volume containing the proceed.
ings and other particulars Of the nrst
Convention, which was held In New
York last November q and q, -.
: ARRANGEMENTS have been completed by
President ]. NJ. Fitzgerald. Of the West
ern Maryland Railway Company, for
the installation on the entire western
MARYLAND system Of the latest improved
system of telephone train d!spatching.
The work of installation will be begun
The telephone method Of dispatching
trains Is fast superseding the old Morse
system Of telegraphy on the railroads
. Greater safety and , eiacienex ~ are re-. .ns ne
the employment Of the telegraph. Dis
patchers and trainmen. II Is declared
are thus brought into closer and more
constant touch with one and another
and communication can be obtained
much more quickly. instead OF the en-
ployment Of exchanges, the system will
be operated bv switchboards at the side
OF every telephone, 50 that connection
can be gained directly. obv'atins. INC
necessity of calling on an exchange for
connection and thus saving time and
insuring more accuracy In getting" the
person wanted.
The record of the output OF munich
pal bonds for January shows that
more securities were sold in that month
, than In any corresponding month since
1895, with the exception Of January.
1911. when the city Of New York put out
$50 900 600 issue.
Total municipal longtime bonds is
sued in January Of this year amount
ed 10 $50, SAP 927. IN addition to which
$40. 900. 900 short-term notes were negoti-
ated, making a total Of S70S429N.
Among the larger issues OF the month
may be noted city of Rochester. N. T.,
, Sc IS, 900 41s's on a 40 basis; Massachu-
sets, $5.i97. 500 as, on, z3.S3 basis: Mis-
souri,. 5000. 0oo 31a per cent State capital
bonds. which were sold on commission.
and Port OF Seattle. wash. H,o0o.0Oo
In contrast with this excellent record
Of municipal sales Is that OF railroad
and Industrial bond transactions OF the
New York Stock Exchange during last
! January. which were less than in any
corresponding month since 1887, with the
exception OF January. 1907.