The Washington herald., 1917-06-16
In the World of Finance and Trade
GOOD MARKET OPENS
FOR LIBERTY BONDS
Par Freely Bid on Local Exchange.
Holders Ask More.

II you get tired Of holding your lib
erty bond and begin TO fear that you
may die before the expiration Of that
nfteen or thirty year period mention
you'n be able to sell your little bond
There's a market for liberty loan
bonds right here in the District, and
the fact was demonstrated at yester-
days session Of the Washington Stock
Exchange, when the new bonds were
listed Par was bid freely and a little
higher was asked, but no transactions
took place. So II you get tired Of
aiting for that bond to mature, take
II TO broker or a banker and he
quickly will dispose OF It to someone
on the exchange who has his eyes
open Tor GOOD safe investments.
Trading Dull.
Trading was CHARACTERISTIC yester-
DAY; II was a very boring, uninterest-
ms day. Capital Traction IS sold at
pin-saks stock at Bs, sparingiy.
There were no changes OF Importance
In quotations
Sales for the week totaled 5s7 shares
of stock. and bonds Of the face value
OF sf7,5oO.
The following ANALYSIS of the New
YORK market situation was received
ate yesterday afternoon by w. b.
Hiobs & Co., from s. B. Chaplin & Co.,
their New York correspondent:
With the aggressive campaign of
the last fortnight throughout Wall
street and the financial district for
noerty bond subscriptions having help
ed SO largely in making the issue
great success, attention Is now being
diverted to the money market and
the PROBABLE date when the decision
rom the Interstate Commerce Com
mission may be expected as to the
railroads getting most of the Is per
cent freight rate increase petitioned
Ior. In looking ahead these are the
Two most important factors to govern
the course of prices for security values
from the present level for the near
future.
Bull Market Discounted.
The sharp rise in the market from
Ine Dull Campaign of the last month
unoer the lead OF the industrial stocks
mas been considered by most traders
as haylng been a movement in antici-
pauon OF the successful outcoma Of
the governments bond issue and
therefore its bullish influence is re-
garded as largely discounted.
Is oeleved by those best inform
ed IN banking circles here and at
washington the total subscriptions
VIII exceed $500, 100000 and that they
10 hl6h as ucdEiy So,UyO,UUU,UDD.
This Is truly wonderful Accomplish
ment. But # must be Remembered
the country win have to prepare foe
another bond issue probably within IA
next six months aggregating S.O0Ol
OO0OOO to complete the total issue of
S,OO,Oo,O00 authorized by Congress.
For the present the financial dis
trict is more concerned about financing
the heavy July disbursements on in
terest and dividend accounts without
some furry temporarily in the money
market during that period and it so
happens IS per cent of the 81, 900, 900, 900
bond issue must be paid for on the
first installment on June 2S. That
amount will cover a total of $3.50. 900. 600
to be financed In conjunction with
about 800, 900 900 July l interest and
dividend payments. Therefore with
this menace Of tight money situation
ahead of the stock market for a time
il would be advisable not to under
take to carry more speculative hold
ings over this period than can be COM
fortably taken care of should anything
happen to cause a sudden sharp SELL
ing movement"