Evening star., 1923-07-30
LOCAL EXCHANGE
TRADING IS VARIED
Prices Unchanged or Slightly
Lower-Many Bankers Are
/, Taking Vacations.

Well varied trading. with selIins
practically restricted to singI,
transaction in each issue. at prices
unchanged TO slightly lower, was the
tone OF the market on the Washing.
ton Stock Exchange today.
Capital Traction was slightly easier
at par, thirty-five shares selling AZ
this figure. This security close +
weak, with 9sA bid. On the other
hand' Washington Railway and Elec.
tric preferred was unchanged at -
nfty shares changing hands. but
closed slightly stronger with - hid
and TN asked.
railway common again broke into
the sales column with three share =,
3d. and Lanston was weak at - Al
which figure one share changed
hands. Riggs Bank stock sold
the extent Of Ave shares at 654, bg,
the rights OF this institution ad-
vanced to s. bid Commercial Ns-
tional Bank brought 142.
But one sale was recorded on m.
pono side OF the market, $1,000 RAN
way per cent issue selling at H.
Good Fall Trade Predicted.
speaking OF the business situation
IN the United States, the Mechanics
and Metals National Bank Of New
York, in its August letter TO cus.
toners. says in part
Activity continues TO be an our.
standing feature of trade throughout
tne country. but lately this activity
1I,a has assumed more restrained pace
mere mere IS now under way an adjust
if,c
buyins consistent with the norma
needs OF the American people.
Ihough 1t is still to be determinsy y
now far the recession has been sea.
70 fundamental changes in the con
ditions which govern the broad
swings Of prosperity, the movement
70 cate has not caused any wide.
| spread alarm concerning the imme.
date future. With domestic condi.
tions for the most part essentially
sound. with production we'll main
| tained in most lines. with no signs
or any considerable unemployment a
wage recessions, with commodity
| speculation restrained, with no awk
ward accumulation of goods and with
the requirements to be filled of more
\ than 100.000000 OF the most favored
people on the globe, the bushes,
prospect for the balance of the cur
rent year continues TO be regarded a,
distinctly hopeful"
Business Quiet in Capital.
Washington's banking and Other
! financial business is experiencing
| perhaps the dullest time In history
| The exodus of leaders in these line.
! has been particularly heavy durins
| the recent past. and the percentage oi
| absentees from the city at the present
| time is unusually large.
| The situation is the most TRANQUIL
of my recollection" said one leadira
banker this morning in discussing tbs
| condition.
Return From Convention.
| The rear guard OF the local dele.
cation attending the recent conven.
! ton of the American Institute oi
Banking answered the roll cali II
| their respective institutions this
morning. This group enjoyed a post4
J convention tour through Canada fol.
lowing the completion of their
| charges at Cleveland Mr. and Mrs
Edward McQuade were included in
| the number.
! Personal Mention.
| Richard W Hynson. manager ot
the local office of the National CIV
Company, will start on "A months Va
| cation the latter part of the week
| w. A. Bennett, vice president oi
I the Bank of Commerce and Savings
is touring the west