The Washington times., 1934-03-13


tations on approximately so Sc
lected stocks, giving an approXi-
mate idea of what's going on on
the floor in New York.
This happens only when the
stock ticker gets five minutes
behind, which is quite frequent
when there is active trading.
Not Used Yet
Since the boards have been
installed here, however, none of
the board watchers have seen
the bond ticker take over the
burden.
The reason? Local brokers give
many. Some say labor troubles
are brewing and the market is
stagnant. Others, though, contend
it's that bill to regulate the stock
market exchanges.
Local firms which have installed
these robot machines are Clark,
ChildS & Keech, E. A. Pierce &
Company, j. S. Bacje & Company
and Auchincloss, Parker and Red
path.
All the brokerage boys, however,
are expecting the market to look
up as soon as the regulatory meas
ure is reported out. The House is
expected to get the reported bill,
much revised, by Thursday.
c. Shelton Buchanan, one of the
customers men at the swanky Of
fice of Hamphill, Noyes & Com
pany, is looking forward with
much pleasure to the threatened
visit Of friend.
Mr.. Buchanan, Buck" to every
one who knows him. received a
letter today advising that his
friend j. H. Lewis is coming to
town in Cherry blossom time"
Mr.. Lewis is statistician for the
Goodbody Company, which closed
its offices here several weeks ago.
When that office, which was alb
Sorbed by the Hemphill- -Noyes out
fit, was functioning, Mr.. Lewis was
a frequent visitor. Now his visits
are anticipated by his friends.
He'll probably visit with Mr.. Bu-
chanan.
While on the subject of Mr..
Buchanan, who is quite young
man, at that, it might be well to
state that he is chock full of
anecdotes about incidents in q
brokerage house where he former
" worked.
One of these is so rich it's
worth repeating.
It seems that in those days the
brokerage establishment, which
is located on the ground floor of
one of Washington's Fifteenth
Street buildings-that is, north
west, of course-a number of loaf
ers who never bought a share of
stock in their lives, decided that
the place was a great spot to
loaf.
One man invariably brought
his lunch with him in a paper
bag, arriving around 9 o'clock.
After watching the board start up
after 10, this parsonage always
went to sleep, slumping in his
chair.
At noon, some kindly soul
would nudge him to awaken him
so that he could see what the the
market was doing at that crucial
hour. The man always awakened
with a start, opened his sack, ate
his lunch and then returned to
the serious business of wooing
Morpheus.
Three o'clock, closing time,
rolled around. The man still
Slumbered, so someone invariably
stuck cigarette to his collar.
Always it was celluloid, and i'm
med1ately it began to smoke. The
man awoke, eXtinguished the
Smouldering blaze, and walked
out with much dignity.
That procedure was followed
seven times, and then the loafer
sought other quarters.
And that's the yarn, except we
miss Mr.. Buchanan's inimitable
style in recounting it.
Clarence F.. Burton, president Of
the Washington Mechanics Saw
ingS Bank, sat in his office at the
Mt. Vernon branch today and de-
MED that he had ever been a |
divorce lawyer in Reno.
Mr.. Burton said:
I'm a member of the bar Of
Nevada, the District of Column
bia and the United States Su-
preme Court, but have never
practiced-in fact 1 have never
tried a case"
He told Of one instance when
he was residing temporarily in |
Reno when he accompanied a
Washington friend to court. The |
friend desired that Mr.. Burton |
represent him in the matter, but
Mr.. Burton declined, saying:
81 don't practice law and
particularly 1 don't handle di-
VOrce cases."
And he added:
II never will"