Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-12-17
FINANCE LOCAL AND OTHERWISE.

tire directory being reelected as fol-
lows: William H. Burch, Alex S
Clarke, Anthony Gaegler. John b
Geier, J. P. Hermann, r. H. Johnson
c. kattlemann, William Miller, Howard
Moran. John Fl. Rupert, B. F. Saul
w. f. Shannon. James F. Shea and John
Shughrue.
The directors organized with the
same officers for the coming year: B.
F. Saul, president; James F. Shea, vice
president: Alex S. Clarke, secretary
Howard Moran, treasurer; r. G. Addi-
son. jr., and E. E. Swan. assistant treas
urerS.
The past year has been one of the
most successful of the many prosperous
years in the history of the institution,
both in the increased depositors and
The directors declared the usual semi
annual dividend Of per cent, payable
January +.
The Slump in Wall Street.
There is no question but what the
security situation has been clarified in
Wall street during the past week, a
condition which commission houses
forced to a conclusion.
They are burdened with stocks carry
they could say would induce a liquida-
ton on lavish lines, and. fearful that
they would be caught in a smash, they
undertook the remedy-calling margins
right and left and much heavier than
usual-and it worked
Back in 1901. when the New York
market was extended to the limit,
much as it was ten to fifteen days ago
John w. Gates, at the head of large
commission house in Chicago. closed
out the business forcing customers to
take their lines of long stock to other
houses. because they would not liQui-
date, and he dreaded that which he
feared. And it came a little later. fol-
lowing the advance in Great Northern
shares to $1,000 for a few minutes and
The peace rumors aided the liquida-
ton, but they were not wholly re-
sponsible by any means. Local repre-
sentatives of New York houses have
been predicting for weeks very much
lower prices and welcomed the excuse
that clarified the situation
Conservative men are now placing in
vestments far, far away from the war
babies" which are not as popular as
they once were.
Local Securities.
Will De JdHudIy 3 DclOIc Tile
Washington Stock Exchange will be in
its new quarters.
Perhaps. now that SO many Washing
tonians have been forced to take losses
on Wall street, there may be little bet
ter support given to the big bargains from
an interest and dividend standpoint on
the list of the local exchange.
There is no opportunity for speculation,
unless some new specialties are listed, but
there are bargains apparently as attrac-
tive and with measure of safety back of
them, as anything on the New York
board-Capital Traction at 50, Railway
common at so to 81, the preferred around
81 -, and Washington Gas at II, on the
bargain table, paying to S y per cent,
and safe as the future of the National
Capital.
Lanston Monotype officials hold that the
per cent dividend is certain, made so
by increased earnings and a foundation
in the demand for casting machines-and
it is around rs.
These are the great bargains on the
list Some day the atmosphere of the
local utilities will be clarified and these
prices will look decidedly cheap.
UnQuestionably the slump in Wall street
was somewhat responsible for the weak
ness in locals last week.