Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-12-19
PRICE CONCESSIONS IN
BONDS ENLARGE SALES
BY I, A, FLEMING.

Today's session of the Washington
Stock Exchange developed willing
ness on the part of bondholders to
grant concessions in prices. and the
result was satisfactory in that large
number of buying orders were exc
cuted. total of $4,000, face value, of
bonds being purchased and sold.
Washington Gas 5s sold at 1865. a
drop of u from the last previous sale
made some days ago. Capital Traction
Js did not figure on the sales record,
but they were offered at 1861. with
1861 bid. as compared with 1861 and
10.. recent sales. Both these bonds
have been selling at prices entirely at
variance with high grade industrial,
utility and even municipal issues in
other markets, and the recession did
not bring them to low levels, the price
being relatively firmer than for other
bonds.
Potomac Consolidated IS opened a lit
lie frmer at 1913. and dropped to 1o1A.
u off from the opening. American
Graphophone 6s sold at 1O2, loss of Il
from recent transactions. These bonds
are kept at relatively low levels by
called at 100, although it is unlikely
that they will be called in the near fu-
ture. There is outstanding block OF
notes that will have to be paid off first.
In the stock list pronounced weak
ness developed in Lanston. which broke
to -, With 741s bid and 75l4 asked at
the close.
Public utilities were slow and nom
finally unchanged.
Bank shares featured at the session,
with thirty. shares of American Ma
fional stock at 1929 and 100 shares of
East Washington Savings at 1919.
Today's market indicated that there
is considerable money awaiting invest
uent, with buyers awaiting concessions
before they will make purchases.
In the Spirit of the Day.
Washington banking institutions are
giving bonus and salary increases to
their employees more generally than for
wears past. 1t has not been such q
very good year at that: the difficulty of
keeping money employed to the best
advantage cutting down the profits.
Most of the banks and trust compa-
mics have adopted a coin-holder for
customers desiring to give gold for
presents and have on hand a supply of
new gold coins
The Federal National Bank is in holi
day garb, being beautifully decorated
with wreaths. holly and other appro-
pirate floral trimming.
The Baltimore and Ohio Railroad
company started yesterday making
payments to all employees for the last
Two weeks in the month. that the
employees would have funds for Christ
mas. They also paid the annual PEN
sions to over 1850 employees.
Annual Election.
Stockholders of the Columbia Title
Insurance Company held their annual
meeting yesterday afternoon. re-elect-
ed the former board of directors. add
ing two names to fill vacancies, John
Edmund Cammack and James B. Mich
olson. succeeding B. H. Warner and
John Swormstedt.
Financial News
EDWARD y. Mclean has made appli-4
cation for membership on the Washing
ton Stock Exchange. seeking the trans
fer of the seat now owned by George
Howard, treasurer of the National Saw
ngs and Trust Company. who only
rarely attends the daily sessions of the
exchange.
The Security Savings and CONNER
cial Bank directors have declared a
dividend of I Y per cent, payable jan
nary /, books closing December 10.