The Washington herald., 1913-08-05
RAILWAY STOCKS
feature MARKET
Capital Traction Sells Freely
at l15H Bank Shares
Attract Attention.
NEW YORK MARKET RISES
Prices Buoyant On Weather Report,
and Generally Favorable
Political News.

o0o OeuS1Auy EAvVtSUS
Political News.
Railway securities were the feature OF
the Washington Stock Exchange yes
terday. and with considerable sales o
bank shares a good record of bushes
was the result. Trading started will
Railway per cent bonds, which wer,
sold at s2Is. with a larger demand thar
could be satisfied with the securities Of
fered.
Capital Traction stock, which enjoy t
something of a furry last week. wa.
Eext in evidence with recorded sales Of
rs shares. all of which was offered by
single broker, and bid In at 1l5!s e
ll5ls. The stock was easily absorbed i,
the figures bid, with 40 apparent effoit
to beat down the price. WASHINGTON
Railway and Electric common broush,
3. and the preferred s., both of which
sold in small quantity
Three quotation lots of Federal Ma
fiona, Bank were offered at I35js and
were later bid in at lS5A to I35. After
call ten SHARES more were sold at 10
United States Trust also had an iE-
hing. several quotation lots being taken
on a falling scale from i34 to 133. ard
hack to ia for the last lot Gas came
GU AT MS TO Ssi.. and Il few shares Of
Aergenthaler completed the days busi-
ness. selling at 2lca
At meeting of the stockholders of the
Potomac Insurance Company yesterday
the following directors were elected -
serve Tor the ensuing year:
Charles w. Fairfax, Jesse L. Heistcr
Charles G. Hood Georp. Howard
Charles Z. Howe. Rawlins Hume. Geur;e
j.. de Geofroy. F. Norris Miller, b. Ncr-
MS Miller. Thomas Il. Moore, r. +. Cairo
George w. White, Walter Z. Wilson, and
:. r. RosenthaL
The directors will meet on the third
Wednesday in August 10 elect officers
lor the year.
Ncv l,rI S,.Iu ,
DurlhS the morning the New York
s'oeh ihafhet was dnil ana heavy. with
me siihiest volume "f business seen III
recent months. 100 shares being the
e.u 10 noon Duflhs this Time pii"es
=, sti'iol'erE UT receded sHSntiE.
- - .,.,' were oi,ered: ana THESE
sfr'id ~, ausoIoeu' beirs were
I3tent In a. I
ten,nt ,,,, "a -. anu VI. no' =,
s:das saen,.d ,o,,ai,t on
ann In fact ,ha a., e n.a "es
stocr u.s., ooi "as oaie ot
tidt response 10 any movement would
ro,,rentr,tad IL, H. ~, ,sn. ,s was
cess sItu,t;op and the ron S,ua,;or al
the stock si,rptiop uore liz faxar.,Ire
10 a rise. Vet tn. ,ttit,,Lc nf hrII tr.,d.,s
MIS- conservative. md they exbfhitcI No
intention of forcin, matters in any Dc.
gree.
Around the noon aour il vas apparent
that the market news was favcra ole and
business hC' ame mole active with hard
eninS prices. From that time on the
market gained slowly. closing strong
with most S;ucks 1T the highest for, tn.
day Active stocks gained from halt
4 point 10 a point G.rd a half, and the
average closing record was about q
point above SATURDAYS close.
Ccppers Were strong on the advanc-
ing price of the metal Erie stocks
were again active with renewed strength.
Canadian Pacific gained full point on
the transactions for the day. Union
Pacific rallied more SLOWLY and did No,
get hack. in fact, all of the early loss.
Amalgamated Copper added IS points
TO the opening price. Steel common
gained half a point from the lowest
Tor the day. SHELTERS gained 81 and |
the upward swing was seen through |
put the list.
VI
In an interview appearing in the cur
rent circular of the National City Bank |
of New York, a. Barton, Hepburn dis |
cusses the bond market as follows:
THE government is engaged in a deli |
cate and difficult task in seeking to
revise our credit and currency system,
and is entitled to great indulgence and
support SO far as the proposition it NAV
eventually bring forth may be worthy