The Washington herald., 1911-04-14
FINANCE And REALTY

In final spurt before the three-day
adjournment, yesterdays session of the
stock exchange developed into a reg
ular field day with bank stocks leading
in the activities. Ten stocks appeared
securities.
Only one bond sale appeared in the
record, a 5000 transaction in Columbia
r. R. 5s, in which the price was 101is.
Banks have been figuring with ever-in-
creasing prominence in the trading, and
the securities have been moving about
with noticeable celebrity Of late. This with
recent private transactions and rumored
or actual changes of management dem
onstrates the interest of the investing
public in the banking business generally.
Evidently. bank investment as a policy
looks good.
Second National. District NATIONAL.
United States Trust. Riggs, Farmers
and Mechanics, and Union Trust all fig-
ured in the sales yesterday. Seconds Ma
tional which is believed to have figured
in a number of large private transac-
tions of late, established a new high
mark at 10, at which price thirteen
shares were sold. Riggs, which broke
into the sales column Unexpectedly few
days ago, again figured to the extent of
two ten-share lots. the price being the
same-S0o. One lot of Union Trust sold
at 143
Gas and the two type machine stocks.
Mergenthaler and Lanston, led the mar
bet in, ix-rxy uyh lad
market alone one day last week, and
sold up an entire point to "a. opened at
that figure yesterday, and sold up to e4ls.
Gas was quoted ex dividend, but in
cash sales, which carried with them the
dividend distribution of $40 a share
sold at an advance over Wednesdays
high-water mark. 81. Cash sales brought
S2is and S213. while regular sales brought
Slis and aA
m point of activity, and was bid up from
21S to HS94, which price was well main
tanned
A new issue of capital stock, equal to
10 per cent of that now outstanding, was
authorized at a meeting of the board Of
directors Of the Pennsylvania Railroad
Company in Philadelphia Wednesday.
The issue is authorized, according TO the
resolution, Ito provide the necessary cap
ital for substantial additions. better
ments, and improvements to and in the
company's railroads, equipment, property,
and facilities. and the funds necessary
to meet maturing obligations of the COM
pany and for other proper corporate pur-
poses" and will be outstanding at the
close of business May ). 1911. The fol-
lowing manner OF disposal is directed by
the resolution: The privilege of sub
ScribinG for said stock at par. so per
share. between May 81 and June 5. 1911.
inclusive, on which latter date the privi-
lege will cease is hereby given to stock
holders as they shall stand registered on
business May s 1911. to the extent Of 10
per centum of their then respective hold
ings."
Benjamin T Pillow. secretary of the
Melton Construction Company and secre-
tary OF the Builders and Manufacturers
Exchange, is in Richmond. 1t is under
stood Mr.. Pillow is looking over the
field with a view to establishing a joint
Office for the Melton company.
exports of the United States in March.
1911. just completed by the Bureau Of Sta
tistics of the Department OF Commerce
and Labor. shows exports Of s16l, go, ,5s3,
against s143, ST. .S57. in March Of last year:
imports. s139.o44,73s. against SIG. 800, 4S5, in
March of last year.
Willige. Gibbs. & Daniel. real estate
brokers, have sold for Charles J Walker
lot &c in square 1895. improved by premises
72S Park road northwest. The property
is one OF the row of attractive new dwell
ings recently completed by Mr. Walker
on the north side of Park road. between
Georgia and New Hampshire avenues. 1t
has six spacious rooms and reception hall.
and is conveniently arranged and hand
somely decorated throughout. 1t has a
frontage of 20 feet, by uniform depth of
S. feet. to a rear alley. II is understood
that $3.50 was paid for the property
which will be occupied by the purchaser
George w. Thomas