The Washington times., 1913-08-01
LIGHT TRADING ON
CAPITAL EXCHANGE
Five Per Cent Bonds of the
Norfolk and Washington
and Railway, Pfd., Lead.

For the weeks closing day, the board
was an unusually light one on the
Washington Stock Exchange. While
interest in various securities was mani
tested throughout the session, actual
trading in large quantities was lacking.
1t was something of a disappointment
to the brokers, as many had come pre-
pared to transact much business, but
found purchasers few and unwilling
to trade.
The per cent bonds of the Norfolk
and Washington Steamboat bonds, and
sixty-five shares of Railway preferred,
constituted the sales made during the
regular session. while Gas stock and
that Of the Capital Traction Company
represented the transfers On the after
call.
Some Gas 5s were offered at the open
ing of the session, but no interest was
taken in them. This was followed by
with similar fate. Potomac IS, the
feature of yesterdays market, were
passed. Some bidding was made on
Railway preferred, which resulted in
the placing Of sixty-fve shares at S
The five shares of Gas brought IS;
ten shares of Capital Traction sold for
lie, and a similar number at 1854. A
Norfolk and Washington bond brought
los.
national bank examiner for several
years. a part of which time was
spent in charge of this District, has
resigned fro"1 the service of the Gov
ernment TO accept an executive po-
sition with the Fidelity Trust Com
pany. of Baltimore. He will enter
upon his new duties August Is. In his
new post. Mr.. Ham will have general
supervision over the banking depart
ment of the trust company. The exact
title he will hold has not been de-
cided.
Mr. Ham was appointed bank ex-
aminer under Comptroller Ridgely
about ten years ago and in that po-
sitiOn has filled some of the most i'm
portant assignments. 1t was he who
discovered the Irregularities of Penn
broke W. Pitt in hypothecatinC bogus
gain bills Of lading with Baltimore
banks. He was one of the examiners
selected to investigate the affairs OF
the defunct Ftrst-Second National
Bank of Pittsburgh which recently
went to the wall. and has performed
similar service in various parts of
the country.
Press of business. which makes it i'm
possible for him to attend the meetings
OF the board OF directors of the Wash
! ington and Southern Bank, is respon-
sible for the resignation of Robert ].
Wynne as a director from that organi-
zation. Mr.. wynne is preparing to make
an extensive trip through the North
west in the interest of the Commercial
ard First Fire Insurance Companies,
after which he will sail for Europe, to
be absent several months.
At a meeting Of the directors of the
bank. yesterday afternoon, the resigna-
ton was accepted, and Henry B. Ter
rett, wholesale grocer at $50 Louisiana
avenue northwest was elected to sue
ceed Mr.. Wynne.
Washington fnanciers say that the
announcement of Secretary of the Treas
ury McAdoo that a large amount of
cash is to be placed at the disposal of
the banks Of the South and West for
crop moving purposes, will have a fav-
orable effect on the market This is in
keeping with the previously announced
intention of the Secretary Of the Treas
ury to facilitate the financing of the
crops.
Off to his farm and his mint patch
at Leesburg, Va, w. B. Hibbs, of W.
B. Hibbs & Co. left Washington this
afternoon. and will spend the week end
at farming. He will return to Washing
ton Monday