The Washington times., 1913-08-04

RAIL WAY STOCKS
ACTIVE IN CAPITAL
Bonds and Other Securities
Occupy Entire Time on
Washington Change.

Railway stocks and bonds, and bank
stock in large quantities. occupied al
most the entire time of the Wash
ington Stock Exchange today. In
varying quantities, and almost con-
tinuously from the very beginning,
the securities and paper of these cor
porations and institutions were bar
tered in. Activity that would do credit
to the busiest Of seasons characterized
the session. Returning from two or
three days vacations, the brokers
were in a mood to trade, and they did.
At the opening of the session, one
broker threw upon the market $500 5
per cent bonds OF the Capital Trac-
ton Company, whicn he offered at
109. These passed unnoticed. Fol-
the Washington Railway and Electric
Company were offered, $1,000 going at
say.
The activity that has followed Capital
Traction stock for week was in evi-
dence today. In what seemed to be un-
limited quantities. one broker placed
this stock on the market. The opening
price was lis bid, 116 asked. In broken
quantities. sixteen shares brought n5B.
More than 100 shares then were trans
ferred at. y of a point less, and nine
teen shares in broken lots then were
purchased at 1151z.
In certain quarters the common stock
of the Washington Railway and Elec-
trio Company was In demand. There
were but three shares sold, however,
these bringing 90, although the stock
was the subject of much discussion.
Thirty-two Railway preferred were sold
at S.
Bank stock was active. and the paper
of banks not heard from In weeks
brought good figures. Thirty shares of
NnIa Matt hrn 1rh or1d
United States Trust stock also was in
deman, seventy shares being sold at fig
ures ranging from l3S to 136. The clos
ing quotations were 135 bid. with $50
asking price.
On the after call ten additional shares
of Federal National brought 135.
Thirty-seven- shares Of Gas were sold.
Mergenthaler was firm.
President Woodruff spent the day out
Of the city, his seat being taken by
Secretary Walker.
President Daniel Willard, of the Bal
tinore and OHIO, passed through Wash
ington last night on his way to Balti-
more from an inspection tour of the
lines of the Baltimore and Ohio, and
the Cincinnati. Hamilton, and Dayton
system. The inspection was begun July
IL, and established a record, both with
regard to its thoroughness, and the
llIIle III WHICH II Was Iuduc.
My trip was primarily one of inspec- |
tion," Mr.. Willard said, but my judg- |
ment is that business is in a normal |
state at the present time and that 1t is |
on a sound basis / believe II will con-
tinue along this line, for / observe no
signs of depression for the future with |
conditions as they are In the section of |
the country through which the inspec- |
ton OF the Baltimore and Ohio system |
took me 1t would not appear unreason-
III
healthy Improvement but on the other |
hand there was nothing to justify a |
prediction of an abnormal increase in |
business during the coming months. In !
the territory served by the Baltimore !
and Ohio lines, the prospects are ell
couraging, and our company is handling /
its full share Of trafSc. The Baltimore |
and Ohio and its subsidiary lines are in |
good shape to handle business. The
improvements which were started some /,
time ago have practically all been COM
pleted.
In the central West crops are good,
which is always an encouraging sign.
The harvest has brought forth a plenti-
fui yield, particularly with regard TO
wheat, oats and other crops. The corn
and hay crops will also be good. from
present Indications. Stock is also in
good condition in the territory through
which l have travelled and large herds
OF cattle, sheep and other animals were
10 De seen everywhere. l think that on
the whole the farmers are having a
good year."
The annual meeting of the stock
holders Of the Potomac Insurance Com
pany Of the District of Columbia, Is
being held this afternoon. A board oil
directors will be elected, which will con-
stitute the principal business
The banks of the South. West, and
tfh mill fAI al
he Treasury McAdoo for more than
50, 10000, which he has announced will
,e placed at their disposal for the NOV
ng of crops.
Alexander II. Mccormick, jr, who re-
emily purchased the seat of Thomas I.
Hume on the Washington Stock Ex-
,hange for $500, was a visitor at to-
lays session. Mr. Mccormick will open 3
brokerage office in Washington soon.
Chicago Grain Market.