Evening star., 1924-08-28
TRADING IS STRONG
ON LOCAL BOARD
Extra Holiday Also Voted at
Session-0ther Timely
Financial Notes.
BY CHAS. II. sHAEFFER.

Members of the Washington Stock
hxchange today voted themselves an.
extra holiday, and will stand sus-
pended beginning tomorrow until
Tuesday, September 2.
Inc action was taken following A
general vote for and against tomor-
ro" adjournment, the majority ex-
pressing preference for the ad-
dltlonal day which can be devoted 10
the original three-day holiday which
| inciudes with Monday, Labor day No
sessions have been held on Satur-
day during the Summer months
Exchange Trading Strong.
Prices on the local board again
| showed a strong tendency, with the
| investment side of the market in the
! preponderance. Gas SKIES of 193s
| sold 2 points above par, with Rail
| way SKIES of 1888 selling at SO. Cap
ital Traction tives brought 9734, and
City and Suburban fves selling al
| S2A. Wardman Park Hotel skies
were traded in at 80, and Railway
! fours at 75.
Capital Traction carried the ma
! jority of stock sales, so shares OF
| this issue selling at 92A, slight
rise from the previous sale. Rail-
way common was firm at 751a. as
was Lanston. at Il.
MONDAY ls bank Holiday.
The Washington Stock Exchange,
! all local banks and exchanges and
| financial institutions throughout the
country will remain closed next Mon
| day, Labor day
| There has been no effort in New
York for an extra holiday, as in the
| past when that holiday falls either
on Friday, Saturday or Monday. This
Is, perhaps, due to encouragement
| over the repeated refusal of Stock
E&chanse officials to grant the peti-
| toned leaves. But one extra holiday
In recent years has been granted,
that being the Saturday after Ne
| mortal day
Hallway Seeks Bond Issue.
| The Virginian and Western Railway
| today asked the Interstate Commerce
Commission for authority to issue
| $l.3o2,OOo of first mortgage per cent
| 50-year gold bonds
! The proceeds will be used IN re-
| imburse the roads treasury for money
| expended in the construction of II
| miles of road from Pierpont to Glen
| Rogers, w. Va. The issue will b.
soid TO the carrier at 95 per cent OF
par, and will be disposed of by that
! road at the same figure.
| Former Teller Promoted.
| John i. Mallery. formerly note
| teller at the Riggs National Bank.
mas been made manager of a branch
| of the Mercantile Trust Company OF
! California, in San Francisco. accord
/ ing 10 adviceS received this morning
| Record Car Loadings.
! The largest number of cars for any
one week this year were loaded with
! revenue freight during the week end
/
S52,SSS. the car service division of the
American Railway Association an
| nounced this morning This was an
; increase of 1880 over the week be-
| fore, all commodities, with the ex-
ception of coal and ore showing a
gain compared with the preceding
! Greatest gains were recorded in
miscellaneous freight, grain and
! grain products and merchandise, and
less than carload lot freight.
Car Shortage Secuted.
| Increasing signs of considera bly,
| enlarged business volumes this Fall
| have given rise to rumorS that a car
| shortage is bound to result.
In this connection the Brookmire
| Economic Service, while continuing
to predict better business. states this
| possibility is entirely remote. They
| point out that there are at present
| $4,000 idle cars and that even during
| the peak of car loadings last year
! no congestion developed, in spite OF
the fact that new high records were
being established weekly.
W. r. & r.. Checks Out Soon.
| Stockholders of the Washington
| Railway and Electric Company will
| receive s1S1.500 on September l, this
sum representing the quarterly divi-
| dend of IA per cent on the $1,000
900 capital stock
The stock has been a market
| favorite now for many months In
| fact, its seemingly inability to soar
! above established levels is a distinc;
| puzzle to those familiar with the
/ company's affairs Its yield at the
| present market figures is above Il
per cent and when its tax exclusion
| features are taken into consideration
the return is materially more.