The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1911-03-24
REALTY AND FINANCE

The activity of Union Trust stock was
one of the features of yesterdays meet
ing of the stock exchange. This COM
modify, which generally figures in the
| trading only to the extent of a few
SHARES, was moved to change hands in
small blocks to total of sixty-six shares
The prices ranged from 1884, to 1s and
! closed at H31s. The activity was accred-
tied to a desire on the part of investors
| to take profit on the recent good advance
| in this stock.
Trading was fair in the aggregate.
There was no especial activity in any one
security.
Virginia common. which has been ven
sought after in the last two weeks, and
advancing steadily, made a strong show
ing. The high price of Wednesday-91z-
was paid for rs shares in blocks OF
twenty-five. after spirited bids and cross
bids. The final sale-a block of twenty
five-brought the high-water price OF
361t. No great anxiety to turn loose the
stock, even at the 3611 mark. was mani
tested. and a bid of $685. preceding the
364 bid but from another source, brought
no tangible results.
Gas IS were in good demand all over
the room during the call, and at that
time a bid of 110Is brought a 500 trade
to the book. The asking price was 1l0A.
at which point 81 900 changed hands after
call.
Capital Traction is were steady at 1214.
at which Sl,JOO worth was sold.
There waS sIioht chance anoa-,,t II,
the Gas stock situation. Stock was IN
good demand at a recession from the
deadlock asking price of 80 and 3 shares
were sold at 1875. Fifteen shares changed
hands at 81. The old bid and asked
prices remained steady.
Potomac Insurance, another security
which figures but seldom in the trading.
sold for 30 to the extent of so shares.
with the asked price for more remaining
at IS.
The excess of ordinary receipts over
for yesterday was 81, 40. 1880. This gives
an excess for the present month of 81 &c.,
5lI66.
Representative II. B. Vreeland, Of New
York. of the monetary commission, will
speak at the banquet of the Richmond
chapter. American Institute of Bankers,
April in Richmond. He will talk on the
Aldrich plan for monetary legislation
Lee MCClUng. Treasurer OF the United
states, will address the same body that
evening on Banks and the Treasury"
A number of members of the local chapter
will be guests of the Richmond bank
clerks on that evening.
Much satisfaction is expressed in local
financial circles over the action of the
District Bankers Association in indorsing
William J. Flather, vice president of the
Riggs National Bank, to succeed William
V. Cox, president of the Second National
Bank. as a member of the executive
council Of the American Bankers Assoc
citation. The resolution indorsing Mr..
Father was presented by Mr.. Cox and
was unanimously adopted.
The usual semi-annuaI 10 per cent divi-
dend of the Riggs Bank was announced
at yesterdays meeting of the stock ex-
change The notice stated that the di-
rectors of the bank had ordered that $780,,
coo be added to the surplus, bringing that
fund up to $4,000
notice was read from the governing
committee of the change that an ad-
dition had been made to the number OF
Potomac consolidated 5s on the list, as the
$4,000 recently sold by the company to
syndicate had been included in the
amount listed on the exchange.
Application to list Aiken Rail-
way and Electric Corporation 3 per cent
gold bonds on the local exchange is ex-
pected to be made by Redmond & Co.
in the near future. The bonds cover
the electric light and street railway COM
panieS in the city of Augusta, Ga, an
important railroad center. and one of the
largest inland cotton receiving cities in
the United States More thRn 5000 peo-
pie are said to be served by the Angus
ta-Aiken company.
Washington Title was stricken from the
board of the local exchange yesterday by
order of the governing committee because
of lack of transactions. 1t is said A num-
Der of other securities are marked for
similar treatment.
The regular meeting OF the District Rail-
way Commission yesterday was postponed
until o'clock this afternoon.
The usual quarterly dividend OF the
Security Storage Company at per cent
was announced yesterday.
The new Norfolk and Washington
Steamboat bonds, which have not been
listed on the exchange, are still advanc-
ing steadily. Yesterday $1,000 were sold
at 21f, with 21s asked.
The annual report Of the Bell Tele-
phone Company. which controls the Ches-
apeake and Potomac Telephone Company,
and released for publication yesterday,
contains more than usual of interest to
Washington. The parent company not
only promises no opposition to the crea-
ton of a public service commission in
the District of Columbia. but voices a
virtual Endorsement of such bodies
The report says of public control COM
missions:
Public control or regulation OF pub
lie service corporations by permanent
has come and come to stay.
Control or regulation exercised through
such a body has many advantages over
that exercised through regular legislative
bodies or committees. The permanent
will be a Quasi-judicial body
1t should be made up of members whose
duty it will be, and who will have the
desire. the time. and the opportunity, to-
familiarize themselves with the questions
hafOre them II ShOuld onfv