The Washington herald., 1912-01-17
FINANCE EAND REALTY

Prices for railway common dropped
back half point at the meeting Of the
local stock exchange yesterday. The de-
cline was due to the fact that the urgent
upward bidding for this stock which has
been Characteristic of the meetings of
the exchange for several weeks past let
up suddenly.
Sales yesterday during call and after
ward were at 5s5k. While the stock was
freely offered at this price. less than
500 shares were traded. At the close the
stock was still to be had at 5s1a. and the
best bid recorded was 59
Railway preferred stock sold again at
sSl4. only q small amount of business
being transacted. The closing bid was
ssiA. and the stock was offered at sSS.
Washington Gas stock was neglected,
The best bid was Sc, ex dividend. The
asking price advanced to S.
Clearance Banks Announced.
OF the two trust companies now in
process OF organization, the Continental
expects 10 begin business in the building
at 14o5 C street the first of the month.
Arrangements have been made 70 do its
clearing business through the American
National Bank. The Munsey Company
VIII get going about the middle OF next
month, and will clear through the Com
mercial National Bank. II win be located
in the Munsey Building.
Commerce Record PubIIshed.
The foreign commerce record of the
calendar year 1911 so far as II relates to
total imports and exports, was yesterday
completed by the Bureau OF Statistics of
the Department of Commerce and Labor.
1t shows imports, s1.5se, ,ss1 ,ss1, a larger
total than in any year except 1910, which
showed 1856. .s4. Isl as the value OF i'm
ports. The exports OF the calendar year,
1911, were valued at S2,092. .S75,1a, larger
total than in any preceding year, and
considerably larger than the total OF 81
923. .426. aO5 shown by 1907, the former high
record year in exports The excess OF ex-
ports over imports in the calendar year
just ended was S559, ~, $50 a larger ex-
cess of exports than in any year since
1905, when the total was $536. 900, 900. while
that of 1900 was s6I9. 100000. The dutiabIe
imports were S7Ss, ,4s1. o25 in value; those
free Of duty. S7S4. 450.S36, the share en-
tering free OF duty being 5LS2 per cent!
The total commerce. imports and exports
combined, was $5,625 ,3o5. .o02, against S3,-
AZ. Is. .o65 in 1910. the former high record
year in total trade.
Wants SIandamus Issued.
The Royal Life Insurance Company of
the District yesterday petitioned the
District Supreme Court to issue a man. |
damus directing George V. 1ngham, sup |
OF insurance of the District. |
to grant a license TO the company to
business in the District.
Bank Examiners Instructed.
Comptroller of the Currency Murray |
has sent a circular of instructions 20 |
national bank examiners. directing them
70 discontinue the list of banks the ex-
animation of which is overdue. Instead.
certificate will be required from the
Examiner, stating that every bank in his
district has been investigated. The rule
# the Comptrollers office, Mr.. Murray
Iays, will be that every bank must be
when due.
III any examiner cannot keep his work
rom falling behind" the circular says,
then his district will be cut down to
uch proportions as will enable him to
make the examinations on time, or an
ther will be sent into the district TO
lelp keep It up to date.
Mr.-Murray has also a regulation pro-
ank desire to appeal TO the Comptroller
rom the decision OF a national bank
xaminer, the examiner must be present
t the hearing Comptroller Murray IS
nxious to find a qualified bank officer
n New England for appointment as ma
lonal bank examiner in that district.
ir. Murray desires to locate a bank pres
lent, vice president, cashier. or assistant
asher. between the ages OF twenty
light and fifty, who wants the position.
he candidate must take an oral and
'ritten examination on general banking
lws and methods before a committee ;
{ five experts representing the Treas
ry Department.
This is the first time that the Comp
roller has ever obtained a bank exami- :
er in this manner. Heretofore, such
ppointments have been made upon the
OF members OF Congress
lr. Murray is anxious, however, to as
ertain whether the new method viii be {
Iccessful in obtaining satisfactory can
fdafaa !