The Washington herald., 1913-02-11
ASDIRECTORS
ELECT OFFICERS
Same Board Chosen to Serve
for the Ensuing Year.
Letter President.
NEW YORK MARKET DULL
Rebellion in Mexico Serves to Un-
settle Stocks and Prices
Remain Sluggish.
NEW YORK MARKET DULL
BY i. A. FLEMING.

At a meeting of the directors of the
Washington Gaslight Company yesterday
the same officers were elected as those
serving last year. This was easily fore
sIiadowed by the elections to the direc-
torste last week. While certain rumors
made it appear that the directors were
not in sympathy with the management
OF the company, whatever differences OF
opinion may have existed were all
smoothed out yesterday. and the ticket
OF reelection went through without a
hitch
It is understood that the main differ
ences between the Washington Gaslight
Company and the Georgetown Company
have been patched up, and that the
Washington company will furnish gas to
the concern over Rock Creek at a NOM
inal figure, as in the past. Whether this
will obviate the necessity for a new
plant for the Georgetown company Is not
announced. but it is quite evident that
activity in that direction was a potent
factor in bringing about the truce be-
tween the companies.
Does Not Affect Stocks.
The stock OF neither concern reflected
what was going on under the surface in
any unusual activity on the local Stock
Exchange. The Gas shares were simply
firm. with small sale of the stock of
the Washington company. Other trading
was in small volume at current prices.
The directors of the Emergency Hos
pital Corporation have decided to take
the property at I'LL and 1713 New York
Avenue Northwest for a consideration
OF $4,000, considering that the best Ioca-
tiOn offered for the new hospital With
the purchase OF the land by the cor
porat'on. it is expected that Congress
fG4 rar;fh
81 suitable building for the purposes of
the institution.
Robert Neill. of Batesville, Ark, has
"een appointed national bank examiner
Mr.. Neil is about twenty-nine years OF
age. and has had eleven years of banking
experience as houkkeeper, teller. and as
s'S'ant cashier. with the First National
Bank, Batesville Ark
View York Market Dull.
The Now York market was again ar
2 standstill yesterday. with a small
volume Of business and insignificant price
changes. II looked for a time last week
as If the short interest, which most peo-
PIE think exists. was being put to flight
They looked over their shoulders, how
""er. and saw no one chasing them. so
they stopped covering. and the market
has not in the least changed its char
a"t"r. Underlying conditions are not
sU"G As to make anybody desire to enter
int" any aggressive campaign for a rise
and outside OF little rallies, on the short
Interest. there is nothing on which to
buy stocks
The extreme ease in money is near
ing an end, and We are reminded once
more OF the weakened condition of bank
reserves all over the country. which has
been shown in all the reports to the
Comptroller OF the Currency for the last
year. by the easy way in which the re-
serves N New York banks decline at a
time of the year when they should be
plethoric.
The revolt in Mexico is the most i'm
pOrtant news. Intervention is now con-
sidered more probable than ever before
Financiers express divergent views as to
the likelihood of favorable outcome
The Union Pacific dissolution seems to
be settled and set for February "a for
the official ratification. There is reported
an increase in the idle car surplus of
SSH in the delayed report. Berlin eX-
poets an early end to the Balkan war.
Foreign markets were depressed, and
the lower opening was credited to re-
awakening of the bearish activity in the
shares most affected by the Mexican re-
volt.
Stocks of railroads and industrial prop
critics operating in Mexico gave way alb
r1ptIy in spots. Strained relations be-
tween the Eastern railroads and their
frernen and the depletion Of bank re-
serves also furnished ammunition for the
bears.