The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1920-12-30
ACTIVE SESSION
INDUCED in ON
LOCAL EXCHANGE
w. B. & A. Stock Energies
From Long Period of
Inactivity.
RECEIPTS CALLED IN
Houston Asks for so; Int.
Finance Stockholders to Meet;
District Cuts "Melon."
RECEIPTS CALLED IN

Some of the heaviest trading OF
the season manifested itself on the
Washington Stock Exchange yester-
day morning, Unlike most previous
sessions. selling did not confne IT.
self to a favored group of securities
but was well variegated- Further
evidences of selling for tax purposes
cropped out, particularly in Column
bia Graphophone common stock.
shares Of the Washington, Balti-
more and Annapolis Railway were
traded in for the first time in several
wears, il was officially announced.
Fifty shares of the common was dis
posed of at IL, while 100 shares OF
preferred found its way into the
sales column at 81.
Columbia Graphophone common
stock. as the market leader, had no
real competitor. Six sales aggregat-
Eng 500 shares were traded In at -.
Railway preerred stock was sold TO
the extent of thirty-four shares at 5l'
fifteen of Washington Gas at SSfs ;
q ten Of Washington Loan and Trust at
169; ten of Continental Trust at ITO;
ten of Washington Loan & Trust at
asa; 1--WE Of Lanston Monotype at
75h, and four of Mergenthaler, one
I
shares at 11sa.
OCapital Traction registered an ad-
vance OF u a point in sales totaling
fdeprteen shares, four at So. while the
remainder were closed at S2is.
The bond list was exceedingly
quiet, $4,000 Railway general 6s at
s1h being the only issue to show
activity.
For a change. no trading was in
dulged in after call.
Washington's newest investment
house that of VIM. A. Read and Com
pany. located at 1874 Fifteenth street
northwest, reports moderate activity
in trading. although to date much of
their time has been taken up in re-
newing acquaintance with their
heretofore mail clients"
Stockholders of the International
Finance Corporation will hold their
annual meeting at IL a. m January
4, at the Alexandria National Bank
in Alexandria, at which time direc-
tors for the ensuing year will be
named.
officials of the Lincoln National
Bank yesterday advised that J. Ham
mond Wetzel. receiving teller. who
has been confined to Georgetown
Hospital for a long time with ty-
phoid fever, is now rapidly regain
ing his health.
Directors OF the Washington Rail-
way and Electric Company held their
regular weekly meeting yesterday
afternoon at the company's Offices.
when nothing but routine business
was transacted
According to advice received from
the American Bankers Association
with headquarters in New York, the
forty-seventh annual convention will
be held at Los Angeles. Cal. the
week commencing October 2. 1921
The spring meeting of the execu-
tive council of the association will
be held at Pinehurst. n. C.. the week
commencing May l. it was also an
bounced.
At a meeting of directors of the
District National Bank the regular
quarterly dividend of per cent was
declared payable on January 3.
Secretary Houston has called upon
banks having proceeds of the sale
If Treasury certificates of December
Is issue to pay into Federal Reserve
ranks per cent Of this funds bal
ance by this morning This, in addi-
ton to the recent call on the banks,
will represent s177, 900. 900 already
called in from the December Is issue