Evening star., 1915-01-09
BROKERS INTERESTED
IN MONDAYS SESSION
Trading in Local Stocks Will Be Re-
sumed After Five Months
Closure of Exchange.
Controllers New Ruling on Bank
Reports-Day and Week
in Bonds.
BY I. A. FLEMING.

Much interest attaches to the reopen
ing of trading In stocks Monday on
the local exchange. Members OF the
exchange do not look for any pressure
to liquidate. While there has peen
no regular market for stocks on the
local list since the closure July 3V' theFe
ha. been an over-the-counter move
ment, so that these has been a fairly
good understanding of values. The
limitations of the minimum price
schedule do not permit of transactions
on change in one or two STOCKS. ou'
othervise the prices are not prohibi-
tive.
During the long interim OF closure =
there has been a gradual reduction OF
loans secured by local STOCKS as "
lateral. SO that bank loans are To-Day
well protected.
Annual meetings of local corpora
tions are scheduled for the immediate
future. Capital Traction sharehoioers .
meeting Monday, all the banks IN tne
national system and many otneIs Ias =
day, Washington Railway ana Eiee'iie
shareholders week hence.
Annual reports will be watched WIFI
considerable interest. The year 19i4
was not an especially prohtaole one III III
business: traffic on the street rallways
although the fact that two subsidiary
companies heretofore in the non.pay-
ing list have been made to conirapu'e ito .
TO dividends would seem TO Indicate d
growth in passenger earnings.
The Washington Gas Company share
holders will meet the first Monday IN
February. Sales OF Illuminating Ina1 tin same ane
economies that have been put in prac-
tice should enable the company 10
show larger returns for the year.
No one is looking for any rush to ac-
cumulate securities until such time as
there is more assurance as to the future
The start has been made, and in salts
factory manner. but the future Will de-
pend largely on the development OF busi-
ress conditions and the progress OF the
war abroad.
Controllers Ruling.
]. SHELTON Williams, controller Of the
currency, has waived the signatures OF
directors of banks to statements forward
ed in response to his call for state
ment at the close of business December
81, 1914, if delay is necessary to obtain
them, and cites the penalty clause of
800 a day fine for delaying in forward
ing reports to his office. If directors do
not sign the report a fully signed docu-
Eent must be forwarded later on. More
over, 1t Is necessary for the banks In
reports one to the controller and another
, in duplicate to the regional bank OF which
II Is a member.
Local Bonds.
There was scarcely any interest in
the bond call today on the local ex-
change, only two sales being made, one
a bond of the Potomac Electric Com
pany at los. and the other $500 bond
of the Capital Traction Company at
lot.
- The investment demand continues
fairly good. but the offerings are by no
means large.
4 For the week ending today. the total
bond sales were s30.700 face value
and in every instance the closing price
was at the highest point of the week
+. Washington Railway 4s were the lead
E. ers with sales Of $4,000 face value at
81 to a close at S1A; Potomac Con-
: solidated 5s were second in Importance
with $4,000 traded in, with Capital
Traction 5s. $4,000 at 107, third in in