The Washington times., 1914-02-28
BANK STOCKS ARE
ACTIVE ON CHANGE
Washington Loan and Continen-
tai Trust Shares Feature
Trading.
By GEORGE H. GALL.

Trading on the local Stock Exchange
was in fair volume today. Bond trad
ing amounted to $500, and there were
siXty-two shares OF stock sold. Wash
ington Loan and Trust stock came out
n greater volume than usual, twenty
fve snares selling at 30. There was
only maderate inquiry for more Ma
tional Metropolitan Bank stock, and the
bid remained at 100, though none was
offered.
Two $1,000 Washington Railway As
sold at S-a, and $1,000 Of the bonds at
s2!a. One $1,000 Columbia Railroad s
Fer cent bond sold at sl6pls; one Sl,00o
Capital Traction per cent bond sold
at 1GSit. and a $500 Washington Mar
ket 8 per cent, 1916, bond sold at 95.
A quotation lot OF Continental Trust
stock sold at ll9. Another small lot
nf Capital Traction sold at the un-
changed price OF 1l0; ten shares Of
Railway preferred sold at 81, and z
shares OF Washington Gas at AA.
ness due to the cold weather the busi-
ness and financial situation for the
week has continued favorable, accord
ing to the reports of the mercantile
agencies. today.
Bradstreet's says in part as follows:
Basic developments continue favorable.
notwithstanding the fact that heavy
snowstorms and low temperatures dur
ing the forepart of the week hamper
ed trade, curtailed traffic and DELAYED
mail matter. In consequence of these
apparently adverse developments, house
buying did not expand to the degree
expected. Thanks to cold weather. rail-
way tonnage is heavier. Money is
easier, commercial paper meets with
free purchases, but collections do not
improve to any extent. Buying is largely
to fill nearby or spring requirements.
Road orders are Of favorable propor-
tions, though cut down somewhat by
the poor conditions for travelling. All
business Is under way.
Business failures for the week end
ing February rs were $50. which COM
pares with 316 last week. 272 in the like
week X 1d,o Of 1913 ass in 1872 2'S in ISL and
r. q. Dun & Co.'S review is in part
as follows:
Severe storms restricted new busi-
ness in many sections of the country
this week. The intense cold and heavy
snowfall stimulated activity in season.
able merchandise at retail. but the in
terrTpton to general trade was sufi-
cient to retarG distribution consider
ably: The upward trend Of the COM
modify markets. however. was not pro-
nounced- Reports from the leading
centers continue optimistic in tenor.
The retail demand for shoes and rubber
goods has broadened materially. On the
Olner ndnQ DuECnaSeS OIL ieatner are
confined mainly to immediate needs, and
trading in hides las diminished some
what There is no essential change in
the textile situation, but some cotton
mills require additional contracts to
keep machinery running. Conspicuous
strength is manifest in wool
The lessened activity in iron and
steel Is attributed in q measure to the
snow storms and low tempera lures as
well as to the fact that r.earby re-
quirements are pretty well covered Ad-
vices from the Pittsburgh district in
dicate that the leading plants are run
ming at approximately 50 per cent of
capacity. bur conservatism is shown
where forward purchases are concern
ed"