The Washington herald., 1911-09-29
FINANCE AND REALTY

A slight Improvement in both activity
and prices was noticeable at yesterday 8
meeting of the stock exchange. Some
securities registered fractional gains and
others showed a stIffening tendency that
was considered encouraging in view of
the recent continuous easing on in the
local market.
Consolidated per cent bonds met the
heaviest demand on the bond list, and
showed strength, selling to the extent OF
5000, worth at a range between 100 is
and 1003 3-8. Traction 6s also showed a
better tone, though the demand was light.
Bonds to the face value Of 5000 were
traded in of the security at 1101-2 and
ITO 3-S
Mergenthaler, whose steady decline with
the market has given risa to some nerv-
BUSINESS, also showed the effect of a
Strengthening influence. Mergenthaler
opened at 225 on a one-share sale, and in
the course of six fractions, most of which
were fractional, moved on range be-
tween 224 IA and 225, distinct element of
uncertainty being manifested. Lanston
held steady at 90, the closing price for
Wednesday, at which level twenty shares
changed hands.
Washington Gas was stationary. selling
forty shares at the Wednesday level OF
S61k United Savings. which sold ter
shares at 24O, and Provident Savings
which sold eighty-three shares at 9s
were the only banks to figure IN the
trading.
For the first time in months Emerson
Steam Pump IS, which sold around 8;
last winter, appeared on the sales record
yesterday. One 81, 900 bond was taken al
| 20.
brokers are inclined to believe that the
slight stiffening influence which has been
apparent in the trading of the last two
days contains something of permanency
and that liquidation will increase and
prices continue to improve accordingly
| 1t is not secret that the continued quiet
ness and listlessness OF the market was
| source Of no slight worry to many
| in local financial circles.
Col. smith Not in Jail.
Col. S. NJ. Smith, whose name has been
connected with the failure OF the Fidelity
Banking and Trust Company, at Blue
| field. w. Va. has been wrongfully re-
ported as being confined in Jail in default
of 5000 bail bond.
Mr. Smith announced yesterday that he
never had been in Jail, was not in jail.
and did not expect to be in Jail; that he
has already given 5000 bond for his ap-
pearanCe in connection with the bank
affairs, and was prepared to give bond
| in any sum.
Mr. Smith says that he will be able.
| when the case comes to trial, to snow
that he is entirely innocent of any
of the charges which have been pre-
| ferred against him.
Southern's Progressive Methods.
The Southern Railway Company an
H,g To or
increase its efforts to advertise the
Southeast in papers printed in the North
East. and West, and in Europe during
the year 19l1-1912. An advertising cam
paign of wide extent is being inaugural
ed which will put the resources and ad-
vantages of the Southeast for farm set
tiers, industries, and general investments
before millions of people in the most
convincing manner. Space will be used
in about 15O of the best class of Ameri-
can newspapers and periodicals and in
a number of European papers circulating
in England, Scotland, Holland, Germany,
and France.
In order to give the Southeast the ad-
vantage of wide advertising. the South
ern Railway system will expend a larger
amount in this campaign than ever be
fore. and to the end of securing the
best results a special advertising expert
has been employed who will give this
work his undivided attention. The adver-
tisements will be prepared in the most
attractive and forceful style. They will
tell Of the unexcelled openings for di-
versified farming. stock raising. orchards.
and truck growing, as well as the op-
portunities for manufacturing and the
profitable investment of capital in vari-
Gus lines of industry.