Evening star., 1916-10-24
LOCAL UTILITY STOCKS
IN BETTER REQUEST
Price Levels Show Slight Recessions
=: and Are Attractive to
xA Investors.
BY I. A. FLEMING.

There was a distinct and positive i'm
provement In the market for local In
vestment securities, as indicated ov
the comparatively active demand for
the various issues. on the Washington
Stock Exchange today.
Values were without important
change. but the levels were apparently
satisfactory to buyers and a very fa1f
amount of stock changed ownership.
Capital Traction shares sold at "a,
very slight recession; Railway aho
Electric preferred was taken freely al
So and there was a good business III
Washington Gas at II.
Mersenthaler Linotype shares were
firm. selling at 16i to 1s4%. Lanston
was nominally steady
In the miscellaneous stock list trans
actions were recorded in Norloik anu am
washington Steamboat shares al ioV'
and block of 100 shares or Colunlpia
title Insurance sold at 5A.
A ouotation lot of American security
and Trust stock brought 2el. ,oe
Capital Traction 5s were nrm at ioe'
t;raphophone IS sold at lo2es'
Bankers' Association Election.
Az the annual meeting of the Dis
sr,ct of Columbia Bankers Association,
held last evening, John Poole. presi-
dent of the Federal National Bank was
chosen president for the ensuing year.
coming up In rotation from the first
vice presidency.
Corcoran Thorn. vice president OF
fine American Security and Trust Com
pany. was elected first vice president,
and A. G. Clapham, president OF the
Commercial National Bank, was CHOSEN
second vice president.
Unanimous recollection was given IN
compliment to Edmund S. Wolfe, secre-
tary, and a. S. Gately, treasurer, OF the
association.
election of the council of administra-
ton. a number of ballots being neces-
sary before the choice was finally set
tied, as follows: Robert n. Harper. NJ
%. Rosenberg, John 3. Cochran and
George r. Linkins the two last named
being new >members of the committee,
giving Representations to the Franklin
National Bank and the Security. Saw
ings and Commercial Bank. respec-
lively.
Annual reports were presented by w.
T. Galliher. retiring president. on be-
half of the council of administrations;
by H II. Mckee. for the legislative
tective committee and by CorcoraE
Thorn for the committee on bad checks.
E s. Wolfe spoke on the Kansas City
meeting of the American Bankers As
ISOLATION
The association unanimously approved
Of the reelection of Capt. James F.
Oyster as a class B director of the re-
gional reserve bank at Richmond.
An audit committee was elected, con-
sisting Of John Riordan, Joshua Evans.
5r.. and w. w. Spaid.
During the year much important
work has been performed by the vari-
Gus committees. especial attention
being paid to efforts for the amend
ment of the Clayton act relating to in
terlocking directors-with success: to
the proposed Intangible personal prop
erty tax before II became law, and to
Its amendment later on: to extension of
credit knowledge and to bad check
legislation.
Al the close of the meeting Presi-
dent W. r. Galliher spoke at length on
the results Of the year: the interest In
the meetings: the Kansas City conven-
tfon, etc. and then introduced his sue
cessor John Poole president-elect. to
the meeting. Mr.. Poole predicted
successful year and spoke in his usual
happy vein.
Application for membership was re.
ceived from the Anacosiia Bank and
also from the Merchants Bank.
Last nights meeting was one of the
best attended OF the year Just ended.
there being twenty-four banks repre-
eented.