The Washington times., 1913-06-01
INLOCAL FINANCIAL CIRCLES
By GEORGE Il. GALL.

Although the Washington Stock Ex-
change held only four sessions In the
mast week. there was 90 per cent more
bond trading done than in the previous
week of six days. A total of $1,000
bonds were bought. as compared with
IA 600 The stock activity, however, was
below the average Of the preceding
week, the total for the four days be-
ing ST. shares, as compared with 1850
shares.
The CHIEF movement in bonds was in
Potomac Electric nsolidated 5s. Of
which &2o.0ee were taken at unchanged
ngices Chesapeake and Potomac Tele-
phone SIS took 5000 Of the business. but
the price of these bonds dropped to 100.
two points below the previous last and
Ia below the low price Of the year.
Washington Gas SIS also eased of to
ie7k. Q half point under the years low.
Washington Railway As recovered their
strength of two weeks ago and a 500
lot sold at s4h.
Warrington Gas again led the activity
in the stoak list. and out of the total
absorbed zss. The price also was a little
hruef at the end, though on the first
two days II softened.
Lanston weakened somewhat during
the week and soid down to ssh. though
District National was the only bank
etoek that came out, apd OF that only
hve shares were sold. The price was
two points under the low Of the year.
censiderable interest is being taken
In the annual meeting Of the George
town Gas Company, which IL to be
held tomorrow. The meeting 10 ex-
pscted to result In no change in the
ofnclal list. President Weaver has
consented to . Reelection, and that is
understood to be on the calendar. The
oirectors undoubtedly will also de-
ea.!s . dividend. but It's size 10 not
fAs annual meeting Of the franklin
he'd Tomorrow.
TIE next Treasury deposit Of Dis
trtet TAX funds will be made in the
Otstrlct national banks on Friday.
Si.06e.eee. and WIN greatly relieve the
etrinGsncy that has been occasioned
b. the heavy Withdrawals for tax
payneots In the past few days.
rhs yuns issue Of .,Digest Of Trade
cenditions" Just issusd By the Com
leScaal National Bank, takes . hope
fpt View Of the business situation.
Thar 10 nothing startling In the fact
that business 10 quiet" according to
the circular. The total figures for
business during the past sixteen
menths have broken an records for
conttnnouD progress and improve
mSaE Should the falling on IN buoi-
neae eeatinue at its present rate un-
tt1 geDeombef !, no one would be sefi-
ouely injured except those concerns
which ere over-extended. II 10 prob
a1le that the figures for this summer
YIN be sltghtly less than last. but the
G160roDce wtll be 10 small that the
0bstaatial business man need have
~ concern"
ooor.e B. Caldwell vice president Of
tie ContjnentaJ anc Commercial Trust
ana 0Ayines Bank. Of Chicago, tn an
Article b the IuvestcrT NaSasine for
nay pre61cts that in short dime many
ef the blue sky laws passed IN various
0tatso VIII be declared unconstitutional,
Or VII b repealed by those who pass
"a them.
7. a. WhslAn. r., OF the Washington
and Baltimore private banking firm Of
WheoeA. Duer Z Lanehan. has been
NAMED Q member Of the conamittee to
repreosnt the st. Louis ana San Fran
CISCO two-year per cent notes. due