Evening star., 1922-10-05
COMMON
WAS AGAIN ACTIVE
BY 1. A. FLEMING.

There was a big broad market for
local securities on today's session of
the local exchange. both stocks and
bonds moving freely and holding de-
cfdedly firm as to price despite the
larger volume of business transacted.
For the first time in some weeks
railway common came to the front in
manner that might have suggested
registration at the Shoreham of the
New York conspirators. who would
acquire controls through certain
we'll defined and controlling block of
stock held by a coterie Of banks.
In all $50 shares of the common
stock Of the railway company, sold all
at 6SA. A few sales Of the preferred
were made at 77&. Capital Traction
easing, however, from 102h to 102 and
coming back to 1929, with 130 shares
changing hands.
Washington Gas was also wanted.
while Lanston was strong at 80A and
the bid price on Mergenthaler was ad-
vanced to 1877. with 169 asked.
American Security shares sold at
284. and the bid price of Federal Ma
tional was advanced points to 100.
Capital Traction IS were the lead
ers in the bond sectioH selling freely
at 99h to 80. one-half point from the
high Of the present movement.
|. Potomac Is. 991a; Is. 107k, with
Washington Gas 5s. 95A.
There were other stocks and bonds
on the list that were firm, with a lit
tie disposition toward higher figures.
Personal Mention.
Will w. Spaid of w. B. Hibbs & Co.
returned this morning. He will stay
SctS rnln b SrN
to New York for weeks rest. w. B.
Hibbs will hold down the Spaid desk
in his absence.
Telephone Earnings Increasing.
The general increase in the tele-
phone business so far this year has
been very remarkable, and the prom
ise for the future of the utility is en-
couraging.
Seventy-one companies making re-
turns to the Interstate Commerce
Commission for the month of July. re-
port an increase in>operating of ST.
$4,000, while operating revenue for
the first seven months of the year
showed an increase of $25.418,0O0.
The recovery in every line of en-
deavor in the public utility field has
been decidedly marked and these in
vestments, SO poorly rated during the
war. have come to the front again in
splendid shape.
Gen. II. c. Marshall, Jr.
Gen r. c. Marshall. jr., who was
yesterday elected a director of the
Merchants Bank and Trust Company.
gave twenty years service to the gov
ernment in the Army. June 26. 1918.
chief Of construction. He was IN re-
sponsible charge of all building con-
struction by the War Department in
the United States and insular posses.
sions. involving an expenditure OF
$500 900, 900 for cantonments, supply
bases for the Army. aviation fields,
roads, hospitals. camps. schools. etc:
He is q holder of the distinguished
service medal of his government.
Bank Dividend Declared.
Directors of the Metropolitan Ma
tional Bank yesterday declared a
semi-annual dividend Of per cent,
payable October Is to shareholders
Of record October 5.
Busting the Standard OIL.
These days Of fabulous earnings
and extraordinary dividends by a
dozen Standard Oil companies make
glad the shareholders, who recall how
solved" and millions of dollars scat
tered from California to New Jersey.
Never was there more prosperous
upTooting of so-called evil.
Omeers Of the A. b. A.
John H. Puelicher. president Of the
Marshall & Ilsley Bank, Milwaukee,
president: Walter H. Head of the
Omaha National Bank. vice president.
and William E. Knox. Bowery Savings
Bank, second vice president.
Too Delicate n Subject.
The question of removing the head
quarters of the American Bankers
Association from New York to Wash
ington is entirely too delicate a mat
ter to broach to the convention at
this time, when the bankers Of New
York are working overtime in ex-
tending hospitality to the bankers
Just the same Washington wants
the headquarters Of the A. B. A.
This is the logical location, the
home of the Treasury Department
and the seat of the government