Evening star., 1925-08-15
D. c. STOCK MARKET
IMPROVES STATUS
Large Increase in Exchange
Business of Record Since
Year 1925 Opened.
BY CHAs. p. SHAEFFTR.

The Washington Stock Exchangs,
thus far in 1925. has eHaeed much OF
the jocular embellishments formerly
directed toward It. and has blosSonned
forth as an honest-to-goodness meet
ing place for the exchange OF Sc
curities.
Reason for this changed attitude
lies In the enormous activity conduct
ed there during the first 28 weeks of
this year. The activity. in turn. results
from the attractive speculations and
investments offered. the spirit OF thrift
which has been inculcated in the pub
lie and the gradual cultivation of
Washington and vicinity 10 home
grown products. All these has con
verted a verbal rodeo into a stock
exchange that takes It's rank with
any city of corresponding size in the
country, and has created such de-
naand for memberships that thcre is
now waiting list, In direct contrast
to the chairs that went begging only q
short time ago.
Total of 5s,577 Shares.
Records show total OF 5s,5T7
shares of stock have been excha nSed
on the local market thus far this year,
as compared With only 23.sz9 on the.
same date last year. This gain Of
35,748 Is paralieled by the bond List
which. to date, shows face value ex,
changes Of 81 ,419, 100, as against only
VI ,09l 100 for the same period of last
year. Not to be outdone the unlisted
department shows l ,2o2 stock trans.
actions this year, to date, as against
| only 453 for the same 2s weeks of
| last year.
Last year Railway common proved
| the most popular utility issue on the
| list. closely followed by Railway pre-
-
Ihe lead this year has been taken by
Capital Traction. OF which s.o43
shares have been publicly traded in.
Then follows Gas with 7.15o shares
Lanston Monotype with 5.5s2 shares
and Railway common with 4.054.
| In the bond list compilation this
years lead has been taken by Railway
| General SIS, which were not even
among the leaders in 1924. Railway
consolidated As, last years big bond
favorlte. are now running in second
place, while Gas SIS are third favor.
| ties.
Fewer Failures in L. s.
A considerable decrease in the mum.
Der OF failures in the United States
is reported to r. G.. Dun & Co. this
week, the total being 519. This is
| 43 less than the number last week
l q
year ago.
All sections Of the country show
decreases in comparison with the re
/ turn for last week, and also for this
week of 1924. OF the current weeks
| failures, 179 involve liabilities Of
more than $1,000 in each case, which
| compares with POI similar defaults
/ last week and 195 a year ago.
| Owing TO a decrease at New York
/ City. the increase in baniA clearings
this week for the country as a whole
| is smaller than in recent weeks. lead
{ ing cities reporting an aggregate Of
! s7.750, $50 900 TO Dun's Review. This
! is 2.3 per cent more than the amount
| for the corresponding period Of 1924.
| whAgU@e there was a gain last week
! Of SIS per cent.
| Personal Mention.
| Howard NJ Cool, director of the
local Better Business Bureau. Is taking
a two-week vacation at Virginia Beach
Fernand Petit cashier Of the Cit
zens' Savings Bank, leaves Monday
for a two-week motor trip into Canada