Evening star., 1922-06-05
LIVELY TRADING IN
| LOCAL SECURITIES
Railway Stocks and Bonds
Higher-PIan Closing Sat-
/ urday Nights-Notes.
BY i. A. FLEMING.

It was a regular field day on the
Washington Stock Exchange today.
with a larger volume OF business. a
more diversified trading list and de-
c:dedly strong undertone i'll both stocks
and bonds
Utility shares were the leaders, and
utility bonds as well. with the shares
of the Washington Railway and El"c-
tric Company moving to higher levels.
much better held in the preferred
shares than in the common
Railway common opened a. a new
high on this movement, IL. ami reacted
under offerings TO 4"'s' the closing S1 1I'.
The preferred stock was decidedly
strong. at 10+2. also new hl2h i"r
this movement Capita Traction
shares were active At 9NSs I" 9Ni2
the closing being tirm. l.anst"n
shares sold only sparinGly, but they
CommerciaI National Bank stock
brought 40.
Bonds lively, prices strong, with
sales of Washington Gas IS at +9H4
~ per cent notes of the same com :
pany lOiI2: Capital Traction IS
strong at 9Si. Railway Is. q = ,
general mortgage SIS "t the SANE
company, %. and Potomac t"nS"Il-
dated rs, 96.
Stocks and bonds that dId not
also firm as Will be seen by study
of the quotations.
Summer Adjournment.
Movement has started among the
banks in the business district 1" Sc
cure Saturday evening closing during
July and August. up To III" first Mon.
day in September. Manaser Price ~
the savings department Of the Lincoln
National Bank undert"ok tn" getting
of signatures 1" closing aSrt' men
last year and was very successful.
This year the United States Savings,
Home. Northwest and S"IlthWest
branches OF the American security
and Trust Company. the SrNcutn
Street Hamilton Savings, standard
National, Mount Vernon savings
Commerce and Savings. Lincoln Ma
tional. Security SAVINGS and COM
mercial. Franklin National, American
Commercial Savings aud The seventh
Street Savings banks have all agreed
to the program and VIII remain closed
Saturday nights during July and
August. inclusive OF Labor dtN.
The two Georgetown banks have
gone them one better. in that the
Potomac Savings Bank and the Farm
ers and Mechanics National Bank
have agreed 20 close tor saturday
nights. June II to September II.
Greene Cananea.
Greene Cananea Copper reported a
deficit of s24S6.091 for the year 1921
as compared with profits of $l.12 q
share in 1920 and S6.S1 a share in 1918
The company made II savage
cleanup last year reducing inventory
by S5.525.o96 and sustaining a loss
through a shut down for the greater
part of the year of S4a3 oS9.
At the close of 1915 this company
had a working capital of 10000 O0G
of which $4,000. 900 was in cash. Wirh
the end of 1921 the working capital
was s4.335,729. ald cash amounted tC
s1.2s2.s0s
The company has made many I'M
provements of late. a million dollars
expenditure being contemplated oil
which sssS,4o0 has been paid for.
A few years ago Washington in
vestors were quite largely interested
IN Green Cananea and It was at one
time listed on the local stock ex-
change list.
Armour Big Bank Investor.
J. Ogden Armour Is now the larg-
est individual holder of bank stocks
in Chicago. he holding bank shares
of a value of s5,106.2oo, distributed
among ten banks.
Norman W. Harris own stocks of
the value OF s4,174.3oo. chiefly in the
Harris Trust and Savings Bank.
Miami Corporation. handling the
investments of the Deering estate,
comes from, fifth to third place. with
the Marshall Field estata owning
s2,6s4.000 stock, F. W. Rawson, So
$4,000. and E. H. Gary. 4.s91 shares
in the Continental Commercial Ma
tionAl Bank