The Washington times., 1913-06-28
LAST SATURDAY
SESSION ACTIVE
Washington Gas Again Leads
Local Market - District
Bank Issues Pamphlet.

The last Saturday session of the
Washington Stock Exchange until next
October today resulted In a good volume
OF business, with Washington Gas again
leading the interest. There was plenty
Of takers Of the stock when 1t was Of
fered at S6aA, and 150 shares went at that
price. Then there was non to be had
under 81.
sonnel of the Washington Gas Light
Company has been made. The company
has employed T. R. Beebe, an expert in
the development of the commercial end
OF the business, to take charge Of that
phase Of the company's activities. With
the the addition Of new and thoroughly effi-
cient managers. the company is placing
itself In position to push its business
on modern progressive lines.
Gas and Capital Traction bonds were
both stronger on the exchange today,
los being the last price for the former
and 109 for the latter.
Outside of SO shares Of Columbia Title
insurance. which sold at 6k. there was
little else Of interest In the days trad
The enterprise of a washington bank
er. Robert N. Harper, president Of the
District National Bank. is responsible
for the first issuance Of the complete
text OF the currency bill as 1t was in
froduced In Congress. together with
views T,s pro and con from authoritiss.
Bank the bill. In pamphlet form. was
sent this morning to all the banks of
the city, New York city, Maryland.
Virginia. North Carolina. Philadelphia
and st. Louis. The pamphlet also con-
tains the address of President Wilson
istration; the views of Congressman
Glass, Secretary Bryan, Senator Burton
and Senator Cummins.
The mercantile agency reports today
are fairly satisfactory. r. q. Dun says
in part:
There has been some slackening In
retail trade, the usual summer dullness
being reported at many points. hut
wholesale distribution continues In fair
volume. As for some time past. buyers
conf1ne their operations mainly to actual
needs, the fast approaching completion
Of the new tariff naturally resulting In
a wholesale conservatism in this respe,:t.
Crops. now entering upon their most
critical period. have passed another week
with no serious loss from their previous
satisfactory condition. although reports
indicate some deterioration In spring
wheat. An improved sentiment vas
manifest in the securities markets
abroad. largely on the prospect Of a
satisfactory conclusion OF the important
financial settlements at London Ind
Berlin.
Railroad gross earnings for the first
three weeks OF June showed an increase
of 81 per cent, as compared with ti,e
corresponding period a year ago. Bank
exchanges for the week made a gain
Of per cent over last year. and were
81 per cent greater then in 19l1.'
Bradstreet's says in part as follows:
Business holds UP remarkably well,
notwithstanding that the midsummer
season for inventorytng is approaching
Crops returns. as a whole, are favor
able. especially as regards winter wheat,
cotton. and corn: consumption OF mer-
chandise 10 heavy. stocks are light. busi
ness on current account is larger than
seasonably normal. and trade In pig
Iron has Improved, thanks to very good
prices.
1T is becoming more and more evident
that stocks are very short, and the wis
dom of merchants who have 30 long
stayed out Of the market or purchased
sparngly is being questioned. for II Is
becoming certain that there viii be q
good deal Of hunting for desirable grades
of goods wanted for distribution with
in the next few months.
Business failures for the week end
ed June % were $50. which compares
with rs last week and 23s a year ago.
What Is regarded today as the pleas
ATTEST outing ever had by the Wash
ington Chapter, American Institute Of
Banking, was enjoyed by the members
on the eleventh. annual excursion yes
terday. Nearly 1000 Joined IN the trip
to Marshall Hall.