The Washington herald., 1912-01-18
FINANCE AND REALTY

4
systems were fairly active At the meet
ing Of the Washington Stock Exchange
yesterday
Railway common sold at So. which is
a half point lower than the price OF the
day before. Odd lots brought b9 l-2 Just
before the close an offer was made TO buy
or eel the stock at So. The closing ask
ing price was 50 s-L
Railway preferred sold at S5-s and
IS s-I. The stock was still offered at the
latter price at the close. but the best bid
received was SS1-2.
Capital Traction stock was fairly &C
tive at 124 and 124 81 The supply at that
level was not absorbed and in hopes OF
brfning. about further trading the stock
was offered at I23 rs for both quota
ton and a hundred share lot. The best
bid was 123 l-2.
An advance was recorded in the quo
tations for Mergenthaler. The bid went
to "a is. and the asking price "a Ia
Sales were made at 224 and Is for odd
lots. Lanston sold at 81 1-2.
The stock of the Citizens Savings Bank
sold at IL. which Is a higff record. The
closing bid was Is and the asking price IS
Discuss Inaugural Date.
A personal letter from Representative
r. s. Henry favoring a change in the
date for the Presidential Inauguration
was read TO the exchange yesterday by
Charles c. Glover. The letter called at
tention TO the resolution now on the cal
endar Of the House, which has behind II
the unanimous approval OF the committee
The exchange will take action by adopt
ing resolution, which was directed to be
prepared, indorsing the proposed change
from the 9Th OF March to the last Thurs
day in April.
storage Company Elects omcers.
At the annual meeting OF the stock
holders of the Security Storage Company
yesterday directors were CHOSEN as fol-
lows: c. A. AspinwaIl, Charles ]. Bell,
Henry F. Biount: william J. Father.
Henry Hurt, Clarence F. Norment, and
Albert NJ. Read. The directors reelected
the following officers: Albert NJ. Read,
| president: C. A. Aspinwaii, vice president;
Charles p. RavenburE. secretary, ana
c. w. Pimper. treasurer.
The net earnings of the company for
| the year ending December 81, 1911, as
given In the sixth annual report OF the
corporation. were $55,Og9S5. DIVIDENDS
| paid $4,000 Number OF shareholders,
40. The corporation Is largely owned by
interests prominent in the American Sc
curity and Trust Company.
VIII Visit south America.
Accompanied by his wife and several
friends. Henry F. Blount, vice president
OF the American Security and Trust
Company, will sail from New York Sat-
urday on the steamer Blucher for Buenos
| Ayres.
It is the intention of mr. BIount ana
| his wife TO leave the steamer at Buenos
Ayres and cross the Andes, keeping on
TO the Pacific coast to the Chilean city OF
Valparaiso. There they will reJoin the
steamer and round the Horn again.
The steamer will touch first at the
Port Of Spain. then on down. touching
at various points. through the Straits
OF Magellan, and up 10 Valparaiso. The
return trip will be maze via the same
route, save that the party will visit the
Panama Canal. In all eighty days will
be required for the voyage
In the party viii be Mrz.aGraves and
| daughter. Mrs. Daniel Clark ana daugn-
ter, and Miss Baker, daughter OF DIR.
Baker, superintendent OF the Geological
1 Park
VIII Lecture on Loans.
]. wohnsiedIer, OF the loan depart
ment of the National City Bank. OF New
York. will address the Washington
Chapter of the American Institute Of
Banking tonight on the subject OF
/ Loans and credit" BY operating in
the field of credit banks perform their
most. important service 10 the public.
Mr. wohnseidlsr will not only dwell on
i the Importance OF his subject to banks
| and the public generally, but will also
tell just how the various classes of loans
are handled in the biggest bank in the
| country.
New Crop-reportInE system.
Secretary of Agriculture Wilson has
| announced an important innovation to
the crop-reporting system by the De-
partment, which is the Quantitatlve in
terpretation of the figures indicating
the condition OF growing crops for
which estimates are made at the close
OF each year. The significance Of the
change of figures from month to month
/ of the growing crops involved has been
shown by their translation or interpre-
tation into figures indicating the yield
OF such crops as promised by the con-
| dition reports.
Before such ofHcial interpretations
were made, the condition figures were
subject, in the past year, to many diff
| ferinK interpretations, both by private
and commercial interests, some OF
which were undoubtedly made for spec
ulative purposes. the idea being to in
| fiuence improperly the course Of prices.
Since the Official interpretations have
| been made, during the past year, the
private interpretations have practically
ceased, those emanating from this bu-
| reau being accepted in practically all
| quarters as the fairest and most au-
thoritative figures possible to be based
on the condition reports.
Accidents Are Lessened.
BY the installation OF protective de-
vices the Pennsylvania Railroad has de-
| creased the number of serious Injuries
to employees in its shops by more than
s. per cent from January TO November
Of last year, according to statistics
just made public. In recognition of this
| work the American Museum Of Safety
will present a medal to that company as
tile American employer who, in its Judg-
ment, has done the most for the pro-
lection of the lives and limbs Of his
workmen by means of safety devices for
dangerous machines and processes"
In the fall of 1910 experts from one OF
the large accident insurance companies
were employed, and, accompanied by
inspectors of the motive power depart
ment, Inspected all Of the larger shops.
Following this safety committees were
-n-H-