Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-02-03
NEW HIGH RECORDS
|NLOCAL MARKET
Heaviest Trading So Far
This Year-Bonds Retired,
Financial Notes.
BY CHAs. p. sHAEFFER.

Higher prices. two new high levels
and the greatest volume of daily trade
recorded on the exchange this year
featured today's market on the Wash
ington Stock Exchange
Second National Bank stock, a very
inactive issue, today was traded in
for the first time in months. 10
shares selling at $50. It was recalled
by ola traders that 10 or Is years
ago this stock, then outstanding to
the amount of S225.O0O, sold around
todays figures. which, however, es-
tablished new peak on the present
capitalization Of 100000. Merchants
Bank and Trust Company rendered
itself likewise prominent five shares
changing hands at l3s, or III points
higher than the previous peak.
washington Railway and Electric
stock issues were strong, the common
seilns at 1o1 and the preferred at
~ Capital Traction recovered to
sZh early, but later lost the advant-
age and sold off to 92b and 92A,
81 shares changing hands Riggs Ma
| tional Bank eased off several points
10 323h on sales of five shares, but
National Mortgage and Investment
preferred, was strong at its high
level, 9i2. Lanston Monotype sold at
1914 and Il, the trend being upward
while Mergenthaler was fractionaIly
uLueI IFS year best mark, selling at
III and 1907.
Bond trading took in the majority
or utility issues, with transactions
! restricted. Gas 5s brought SO and
| 99A, while the 6s of the company
| sold at 1919 to 1925. Railway gen
eral 6s sold at par and a half. and
Capital Traction IS brought 99K.
Land Bank Hends to Meet.
There viii be an annual conference
| of presidents of all point stock land banks
| of the Federal farm loan system in
this city on Thursday and Friday of
| this week. The meeting was called at
| the instance of the Farm Loan Board.
Matters of vital Importance will be
| fully discussed and definite conclu-
| sions made thereon with the view of
| inducing a more complete understand
| ing and developing a fuller co-opera-
ton of all those charged with the re-
sponsibilities Of the activities of the
| banks.
| The system comprises IL Federal
farm loan banks and SIS Joint stock
! land banks, the latter group having
resources of approximately 100000
600.
| w. r. and f. Retfrex Bonds.
The Washington Railway and EIec-
trio Company yesterday completed re
tirement of s1,S5000O Metropolitan
Railroad SIS, dated February 2, 1895,
! and maturing in 80 years.
The transaction was effected at the
Baltimore Trust Company, Baltimore,
the trustee
Japanese Banker in City.
| Matsuzo Imoto. affiliated with thc
| Hokkaido Colonial Bank of Japan. IS
making the rounds of local financial
! houses. with the view of familiarizinE
himself with banking instructions o.
this country.
New Canadian Offering.
A syndicate composed of Dillon
Read e Co; the National City Com
pany. Guaranty Company of New
York: Lee. Higginson & Co.: Harris
Forbes &. Co.; Bankers Trust Com
pany, White, Weld &; Co.; Continental
and Commercial Trust and Savings
Bank, First Trust and Savings Bank,
Chicago, and Illinois Merchants Trust
Company, is today publicly offering
s35, 900 of Canadian National Rail
way Az per cent guaranteed gold
| bonds.
The offering is divided into
SIS. 900. 900 Canadian National Rail
way Company f1ve-year bonds, due
February Is, 1880. and $4,000, 600
Canadian Northern Railway Company
10-year bonds, due February Is, 1885.
Bank President in South.
r. Golden Donaldson, president OF
the Commercial National Bank, &C
companied by Mrs. Donaldson and
daughter Ruth is sojourning at Palm
Beach until April 1.