The Washington herald., 1922-08-31
FINANCIAL
new HIGH MARK
Local Bank Issues Set
New Record-Market
Is Strong.

Trading in the local stock ex-
change yesterday was not confined
to the usual favorites. Inactive is
sues were resurrected and the trad
lag was brisk
National Savings and Trust Com
pany shares reached a new high for
that stock. selling at 2s5. The Com
nlercial National Bank shares again
reached their high for the year by
selling at $50.
The prediction made yesterday by
traders that the loss in net earnings
of. the Capital Traction Company
would not affect the stock was con-
frmed when several odd lots of that
eompany's stock sold at 1O3% and
i04
sWashington Gas was firm at 5sN.
while Washington Railway and
Electric common sold at Sc.
Several edd lots of real estate
Title Insurance Company. stock were
traded and the prices tended to
show the strength OF the market.
The first lot was sold at llOA. the
second at liz. the third lot brought
Ii5 and the final lot i2o.
There was little trading in type
settlers, ten shares of Mergenthaler
selling at 154%.
Steel Merger.
A rumor- was current in banking
circles yesterday to the enect tnaf
the Federal Trade Commission was
about to make a report on the MO
ale Republican, Steel merger.
Although trade commission omcials
stated that there was nothing FOR
publication at this time, IL was In
dicated that early Developments are
expected
Food Exports.
According to the Foodstuffs Divi-
sion OF the Department OF Com
nerce the exports of principal food
stuffs from the United States for the
month of July and the seven months
ending July are characterized by
general decline in the exports of
msat and meat products for July.
and for the seven months period,
compared with the same period last
year. tendency which has been
noted for some time.
There has been a large increase
for the past seven months which
has been continued through July Of
coarse grains, namelv. corn and oats.
with considerable increase in ex-
ports of rye. IL is probable, the
division says. that the very low
price Of corn and oats in this coun-
try is the main factor in the In
crease of exports of these two
grains
The department reports relatively
low wheat exports for the past
seven months compared with re-
cent years. although still in excess
of, the prewar period
Most OF these adjustments are in
accord with what has been antic-
ipated in the trend Of fo0dstuffs
trade and they indicate in general
the slow return to prewar condi-
tions. which should be expected in
the export trade with Europe, the
Commerce Department Foodstuffs
Experts stated.
The following is a list of yes
terday's sales On the LEGAL exchange:
Commercial National Bank, 10 at $50.
National Saw and TT Co, 10 at 29J. 10
at .95
Mergenthaler Linotype. 10 at 154N
AFTER CALL
capital Traction. o at 1O3a., 10 at 105Is.
at IO4
washington Gas 7lss, $1,000 at 1O5li.
SiUO at lOj.
commerrisI National Bank. / at $50.
Washington Gas Light. l at so, Is NJ
ST.. 10 at sos - at so.
Commercial National Bank. at $50.
Wash Ry and Elec As. $1,000 at IS.
Wash Ry and Elec com, at 50.
Real Estate Insurance Co., at 1l0A
} at liz. at 1l5, l at 100
Wash Ry and Elec com. - at SO.
Money. call loans. and per cent.