Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-01
WANT MORE INTEREST
/ IN THE LOCAL MARKET
Governors of Washington Exchange
Appoint Committee on Promotion.
Larger Listing Sought.
Railway As and Mergenthaler Shares
Lower-Other Securities Steady
and Unchanged.
BY I. A. FLEMING.


The Washington Stock Exchange will
move into it's new quarters, in the Ma
tional Savings and Trust Company
new building, within the next thirty
days.
The board of governors of the ex-
change has entered upon a campaign
for furthering the interests of the or
ganization. for a larger membership
and for larger trading list.
To advance these ends Allan E.
Walker, r. c. Claughton and Eugene
E. Thompson have been appointed a
special promotion committee. with the
governors a unit back of them. in an
effort to enlist more interest and more
trading at the daily sessions.
The governors feel that the removal
to new quarters will attract a larger
daily attendance of spectators, proba-
bly, of members also. and that with a
larger and more varied list investors
might find opportunity for larger pur-
chases.
Bonds Were Favored.
On today's session of the exchange
bonds were favored. Washington Rail-
way and Electric As were of u to II
of point. selling at sou to sou. A
small bond sold at the close at S01s.
Washington Gas IS were firm at
1855, and Riggs Realty IS, long term
maturity, sold at 1.o1 a
There were a number of trades in
stocks. generally of small lots. Capital
Traction sold at sss: Washington Rail-
way and Electric preferred a S3A, and
Mergenthaler at 1853, the latter s.
point decline from yesterdays sale.
with 1852 the closing bid.
Arlington Fire Insurance sold at 10.
and later a quotation lot sold at 81
These were the first transactions in
months.
The annual meeting of this company
Is to be held in the near future. when
the bid of Rozier Dulany for the COM
pany's building will be acted upon.
Other important developments are said
to await this meetings action.
Local Bankers in New York.
George W. White. Charles E. Howe
Albert S. Galley. Edmund s. Wolfe, w.
". Spaid and Harry ". Haynes, local
bank officials, were among the out-of-
town guests last Saturday night at the
dinner of the New York Chapter. Amer
lean Institute of Banking.
Mr.. White was the guest of the Irv-
ing National Bank, and the others
guests Of the chapter and the Broad
way Trust Company. The New York
Chapter has 1900 members, with 500
members in the educational course un-
der direction OF the Columbia Univer-
sity.
Senator Owen was the chief speaker
at the dinner. his subject being the
land bank bill which is now before
Congress.
Richmond Regional Bank.
The February bulletin of the federal
reserve boards gives the earnings of
the Richmond regional bank for the
fiscal year 1915 as $314,S50. Current
expenses were s91.s1s and the net earn
ings S233,331. The profits from bills
discounted totaled s312.so7.
Condition Of the Treasury.
The condition of the Treasury of the
United States yesterday was: Net ball
ance in general fund, $111,1f6,S14; to-
tai receipts. $2.3s9.307; total payments,
s2.570.31s.
The deficit this fiscal year is $4,000
295, against a deficit of $65,159,23l last
year. exclusive of Panama canal and
public debt transactions.