The Washington times., 1917-01-18
LOCAL MARKET
NEUTRALITY-SUSPICIOUS.
IS FEATURE TODAY.
Quotation Lot Sells at 81 IL.
Both Sales Take Place After
Regular calI-Bond List Al
most Entirely Neglected.
American Graphophone Weak

Strength Of Capital Traction stock
featured an otherwise featureless ses-
sion of the Washington Stock Ex-
change today. A quotation lot Of the
stock sold at s4h, a quarter OF a
point above the last previous sale,
and a single share brought san. Both
sales were after the regular call.
During call the bid for the stock was
advanced from 81 to san, while the
offering was similarly increased to
SAN.
with this exception, there was no
evidence Of the demand of yesterday,
which resulted In fractional increases
In the bid and asked prices OF prac-
tically all the more active issues
Other stock sales were ten shares Of
Railway preferred at s2%, ten shares
of American Security and Trust Com
pany at 26Oh and fve shares of
American National Bank stock at 156.
The bond list was almost entirely
neglected, the only sales being a $500
Washington Gas 8 at 1861 and q
81 900 Potomac Electric consolidated
s at 1o1N.
The bid for Washington Gas stock,
which was particularly strong yes
terday, was lowered to 70h, but the
Offering price was held firmly at 72h.
Both the common and preferred
stocks Of the American Graphophone
Company were weak, the Offering on
the common being reduced from 161
to 159H. with 1881 bid, while the
preferred was offered at 15s, with no
bid.
Directors Of the Northeast Savings
Bank have elected officers for the en-
suing year, as follows: l. p. Steuart,
president; Victor n. Esch, first vice
president; Charles r. Talbert, second
vice president; w. R. Lewis, secretary
and cashier; Hubert Newsom, attor-
ney.
Clarence A. Aspinwall, vice presi-
dent of the Security Storage Company,
has been made general manager. He
succeeds Albert n. Read, president
since the organization of the company
in 1905, in the active management Of
the organization. Mr.. Read was re-
elected president. He was relieved
from the general management at his
own request.
Charles P. Ravenburg was elected
secretary and Charles w. Pimper was
elected treasurer. The recently elect
ed board Of directors Of the company
are c. A Aspinwall, c. J. Bell, II. F.
Blount. william ]. F1ather, Daniel
Fraser, Clarence F. Norment, and Al
bert n. Read.
At the annual meeting Of stock
holders Of the Equitable Life lnsur-
ance Company, the following trustees
were elected: William A Bennett,
George J. Bessler, Henry p. Blair,
Frank w. Bolgiano, Allen c. Clark, A
- L. n
ward e. Rapley, William H. Rapley,
NJ d. Rosenberg, Joseph Sanders, N.
H. Shea, L. c. Strider, ]. S. SWORN
stedt, and Henry K. Willard. The
trustees elected officers as follows:
Henry P. Blair, president; Joseph San
ders and william A Bennett, vice
presidents; Allen c. Clark, secretary;
NJ. D. Rosenberg, counsel, and Gilbert
A. Clark, actuary.
]. P. Morgan & Co. announce that
the new British loan to be issued here
will consist Of $3.50, ,000,00 5h per
cent notes, dated February 1, 1917,
800 ,000, 900 to mature in one year and
$3.50, 900 900 to mature in two years.
The statement issued says, in part:
THE British treasury has this day
authorized US to issue a new loan OF
the United Kingdom In the amount of
$3.50 ,000, 900, to be dated February 1,
1917, to mature as to 800, ,000, 900 Feb
ruary 1, 1918, and as to $150,oO0, 900
February /, 1919; to be secured by
the same geenral assortment Of high
grade collateral as prevailed in the
last United Kingdom issue; to bear in
terest at 81 per cent per annum; the
notes of each maturity to be converti-
BILE at par, at the option of the holder,
prior to maturity, into a 51a per cent
bond of the United Kingdom of Great
Britain and Ireland, maturing in
twenty years"