The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1914-07-06
MARKET IS MARROW,
ORDERS ARE SCARCE
Commercial National Bank
Stock Busiest Today-Corby
Company Issues Bonds.
With the market narrow and but few

With the market narrow and but few
orders on the floor. trading at to-
days meeting of the Washington
Stock Exchange was dominated by the
activity of Commercial National Bank
stock. There was q good demand for
| this stock at 1873, fraction above the
| recent bid price. and one broker
secured 100 shares at that figure. The
transactions were confined to two
brokers, and the one buying continued
to bid at 1873, but there were no fur
Their offerings of stock at that price.
The only other stock transactions re-
| corded were two shares Of Mergen-
thaler Linotype at 214h, and two Of
Capital Traction at SO. The bond
sales consisted Of two $1,000 Wash.
sza to s2x; $3.50 worth OF Capital
Traction IS at los; a 81, 200 Potomac
Electric Power Consolidated s at s9h.
and q $1,000 Chesapeake and Potomac
Telephone s at los.
The Corby Baking Company, a Del
aware corporation. has completed ar
per cent bonds. This corporation
corby Bros. on Seventh street. and
corbs tssir T Ssfi estate
and baking plant to the company,
American Security and Trust Com
pany to secure the bond issue. Four
hundred $1,000 bonds will be issued. Of
which thirteen viii be retired an an
last twenty three viii mature.
The annual stockholders meeting of
the Commercial Fire Insurance Com
pany will be held on Thursday after
noon, at which. In addition to select
ing the board Of directors for the en-
suing year, the shareholders will de-
termine whether or not the capital
stock Of the company shall be reduced
by one-half az has been proposed by the
officers Of the organization.
There Is now prospect that contest
will arise In this election for the con-
troll of the company, similar to the one
which marked the recent annual meet
ing of the First National Fire Insur-
ance Company, another local organiza-
affiliated with the Commercial through
interlocking directorates.
A stockholders' meeting. organized In
New York. and which il said to be
headed by A NJ. Best. OF that city, has
circularized the Stockholders. asking
Hudson. Christopher Schultz. Thomas
Brady. william Otis Badger. jr., all of
New York, and Robert H. MCNEIL. Of
this city.
The faction that at present controls
the management Of the Commercial had
Ashley NJ. Gould, Of the District Su-
preme Court: Justice George w. AtlSin-
son. Of the United States Court Of
Claims: Robert N. Harper. Bates War
rem. and E z. Jordan. Robert r. Tut
tie, president Of the Commercial, said
TODAY that there were already on file
proxies representing more than 5000
Of the 5000 shares OF stock which are
made out in the name Of Justice Gould
and his associates.
Recently Justice Stafford. in the Dis
trict- Supreme Court, on petition OF
group OF stockholders of the CONNER
cial. restrained the holding of the an
nual meeting for one month in order
that full opportunity might be given to
shareholders to investigate the condi-
ton OF the company and determine
whether there is justification for the
proposed stock reduction.
The United States League of Local
Building and Loan Associations will
hold its twenty-second annual meeting
at the Raleigh Hotel on July q, Is. and
.. An attractive program OF entertain
ment for the visitors Is being arranged
by officers of the building association
council of the District of Columbia, and
several special committees. Those in d.
rect charge of the latter work include
James F. Shea, Albert Schulteis, Charles
f. Benjamin, julius A. Maedel, R Har-
rison johnson. James Morris woodward.
c. Clinton James, Charles II. Kindle,
Wharton z. Lester and John shugrue.
Sightseeing automobile trips a boat
ride to Mt. Vernon. and a reception at
the White House, X President Wilson
be in town at the time are among the
principal events which the committee
has In view.