The Washington times., 1913-09-05

Trading on the local stock exchange
this afternoon was brisk, comparative
ly, considering the season and the dull
ness which has had the market in its
grip for so many days. The feature OF
the day was the bidding up OF the price
Of United States Trust Company.
bid of I25 brought out an offer Of ten
shares which was taken by the bidder.
W. B. Hibbs. after which Mr.. Hibbs
asked for more at the same price, then
bid I26. and finally offered 1S7, after
which he took the lid off. and said he
would buy at any reasonable price.
Even this failed to bring any offers
whatever, from which IT may be taken
that the price was materially advanced
by the days transactions. or certainly
as long as the stock has the support of
Mr. Hibbs' clients. Lanston Monotype
was also put up, twenty shares of II be-
ing sold. after considerable Offering and
bi6dingf, at 50, considerable advance
from the bid price Of yesterday. and
also on the bid price on the regular call
today, this sale being made after the
regular call
Ten shares of District National Bank
stock were sold at 145, on the regular
call, after which forty shares Of Citi-
zens' Savings Bank, the institution which
will be absorbed by the District National
after September %, were offered at 2l.
ten Of which were taken following the
closing of the regular call. The other
thirty were again offered at 81, out
brought no buyers This position leaves
District National a little high in com
parison TO Citizens Savings, the COM
parative prices under the exchange prop
osition being 435 for District as against
40 for Citizens
President Charles J. Bell Of the
~
pany went to New York today on bust
ness.
Arthur Plant, who has been in Allan
dc City on a vacation. went back on
the floor OF the Stock Exchange today.
While Mergenthsler Linotype was eN-
dividend today. there was only a slight
drop in the bid price.
More than 100 bank clerks will be
the guests Of the local younger set"
OF finance in this city September 16
when the young bankers will be on
their way to the annual convention Of
the American Institute of Banking,
which conVeneE in Richmond, Va, Sep
tember 17-1s.
The visiting fnanciers will be taken
to Mt Vernon in special trains in the
morning, and in the afternoon will be
taken over Washington in automo-
biles.
On the receiving committee are: W.
w. spaid. of W. B. Hihbs & Co, chair
man: r. B. DeyereauX, president Of
the local chapter; Joshua Evans, jr.
A. B. Claxton, Z. s. Wolf, c. L. Eek
loft, and F. G. Addison. At o'clock
the party will resume its journey
Southward. REINFORCED by the Wash
ington delegation
That more than half of the stock 81
the Georgetown Gas Company Is AT
present owned by the Washington Gas
Light Company. despite the efforts Of
the Public Utilities Commission TO sena-
rate these corporations. is revealed by
the report filed with the commission
by the Washington Gas Light Company.
showing the securities held by that
corporation. This follows the Senate
resolution inquiring if anything had
been done 10 separate the two comna-
nies, passed early in the week
The Washington Gas Light Company
owns $3.50 shares Of the Georgetown Gss
Company. The report also shov"s ;hut ,
the Washington Gas Light Company
also owns 4s7 shares OF the Montgomery
COUNTY Gas Company