Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-04-14
QUOTATIONS HOLD.
NEAR 1885 PEAKS.
ON D. c. { XCHANGE.
Volume of Trading Light, but
Prices Maintain Recent
Strength.
WASHINGTON GAS 6s
ARE TRADED AT 104
City & Suburban Railway First IS
Reach SO, Highest Mark in
Many Years.
BY EDWARD C. STONE.

While volume of trading was light
on the Washington Stock Exchange
yesterday, quotations were highly in
teresting and maintained their recent
strength, closing the week near 1885
top levels Business opened with
$500 sale in Georgetown Gas Light SIS
at Ill, within half point of the
years best price.
Washington Gas 6s, series B, re-
corded $1,000 sale at l04, equal to
the high for the year and up a quarter
point from the last SALE These bonds
have recently been unusually strong.
City & Suburban Ry. first SIS came
out on the board in a $1,000 transfer
at IS, a new high mark for the present
year and also over long period of
years. The quotation was full point
above the last previous sale. The
bonds closed with IS bid and 81 asked.
Capital Transit stock went contrary
to the bond market trend. In small
lot sale the stock dropped to 1912 for
the first time this year, off half a
point from the previous 1885 low mark.
1t compares with a high of 261a.
Transit closed with 10 bid and 20
asked. While this stock has worked
lower in recent market sessions, the
bonds. known as Capital Traction SIS,
have been advancing steadily into new
high ground, reaching par few days
ago.
Business on the Exchange held up
well during the week. Lanston Mono
type stock changed hands freely be-
tween SOS and so. More sales of
Mergenthaler Linotype were registered
at 80. Washington Gas Light stock,
following the recent regular quarterly
dividend declaration, moved at 5814.
Potomac Electric Power 5la per cent
preferred commanded ia and the 6
per cent issue shifted ownership at
Ill.
Washington Gas IS, 1850, were in
demand at 11512 and Washington
Railway & Electric As brought 1881.
Several other issues added to the
weeks good sized total in sales. For
the first quarter of this year sales
were well ahead of transactions in
the first three months of 1884.
d. C. Bankers in Augusta.
The delegation of Washington
bankers, Robert v. Fleming, Victor
3. Deyber. George o. Vass and Edgar
e. Mountjoy, are in Augusta, Ga,
today to attend the opening sessions
tomorrow of the Executive Council
of the American Bankers Association.
About $50 bankers are expected at
the Spring meeting.
Several prominent New York bank
ers were aboard the special train
when it passed through Washington
early last evening. Among them were
James c. Perkins, chairman of the
board of the National City Bank:
William c. Potter, chairman of the
Guaranty Trust Co.; J. Stewart Baker,
chairman of the Bank of Manhattan
Co.; Winthrop W. Aldrich, chairman
Of the Chase National; Frank M.
Totten. vice president of the same
bank, end the official staff from A.
B. A. New York headquarters.
At Augusta tomorrow the day will
be given over largely to committee
meetings. Pending legislation before
Congress is expected to make the
Spring meeting one of the most in
teresting in years.
E. c. r. Laidlaw, head of the New
York Stock Exchange firm of Laidlaw
81 Co. and Manuel j. Johnson, one
OF the firms partners, were visitors
in the financial district yesterday as
the guests of G. Bowie Chapman. man.
ager of the company's Washington
ONCE. They also attended the Grid
iron Club dinner last night.
Mr.. Laidlaw expressed optimism
over the outlook for the stock market.
He said there is a distinctly better
feeling among many members of the
New York Stock Exchange. The
coming expenditure of such huge
sums by the United States Govern
ment is one of the factors causing
more cheer in financial circles. The
recent expansion in trading volume
indicates that the brighter prospects
are arousing financial interest among
both investors and spectators.
While Wall Street brokers have been
intensely interested in the contest
over the presidency of the New York
Exchange, they have not let this in
terfere with keeping close tabs on all
the business barometers. Mr.. Chip
man shares much the same views as
those held by the members of the firm
Il am especially bullish on the outlook
tor silver" he said yesterday
Cleaned in Financial District.
The gain of 1.8 per cent in sales in
Washington department stores in
March over March, 1884, was the best
showing in the Fifth Reserve district.
The April figures are sure to be coed
as the late date for Easter has brought
q great deal of business forward into
the present month.
Sales of general merchandise in
small towns and rural areas for March,
1885, were about % per cent higher
in dollar volume than for March, 1884,
and los per cent above March, 1888,
when the lowest point during the last
six years was reached, the Department
of Commerce reports.
Deposits in mutual savings banks of
New York State increased approx
mately $50, 250,000 in the first quarter
Of the year, the total standing at
49,, $685. 54 March 30. according to
the Savings Banks Association of the
State of New York. Compared with a
year ago, the gain amounts to more
than $62,00O,000.
The Virginian Railways pamphlet
report for 1884 shows net Of $3.50 a
share on the common stock against
500 . year ago.