The Washington times., 1912-04-14

It's activity and strength has heipsd TO
make the market very interesting and
when it stopped short ten days ago az
the Street. It's recovery 20 S2h and
steadiness e. that fgure followed. and,
ihsn yesterday turned to 81. az which.
On the face OF Il the. selling Was by
There was a handsome proflt in every
record, as the stock was large accumu-
lated all the way up from the 40s.
whether the movement is at an end or
with the negative @ OF the hen proposition as
the view of the majority ~. *tfnX
In the meantime Washington Cas-
Which mas been acting rather slowly
and sieepily. despite the strongest IN
side Information on the growth OF btisl-
ness generally, and especially In day
light anent the range, has begun to 'at4
shares offered one day at So on change.
was snapped up. Yesterday several
hundred shares were taken, and the
price advanced to ss& rrhaif:
y reasonably safe to say that.
should Washington Railway advance 10.
witntn speaking distance of the S9H
high or Gas to the sfh OF the pre-
wad of stock waiting for the, buyers--4
and yet both may pass these records,
and do It easily, with a little persistent
The rest. OF the market doesn't seem.
especially interesting, nor does Il war;
rant comment Bank shares are acting
Well, and bonds continue In fair de-
| rnand. s',, -EI-E stS fia
cali Is about due from the Comp
troller's office. -
'The Business Almanac, r,ubiisheiyt5
doubleday, Page q Co. being given
generous circulation by legitimate stock
and bond houses of the metropolis, Is
the investor and the broker as well Ias
Tor the speculator--and its sphere. a not
confined to New York city but to the
entire country. -
Between. its covers one finds the
| records Of scores and hundreds OF
fraudulent companies In q mining asfd
other enterprises formed to separate
the money and its owner=lists rof con.
Germs debarred from the mails, as well
be eschewed. ~ 9T2r
vice regarding real estate boritIs, banks
| and banking obligations investments
generally, customs and practices in7the
| marts OF the world. records OF crops
and metal production, bond 7record of
the various railroads, and practical In
| formation of value to every man irteF-
ested in anything of a financial nature
| here ls one quotation from the at
nanac relating to the will of the bread
:" ." Much of the fault lies with
the maker of the will. A, fpnd, the In
trusted to the discretion of any ene
| without some definite Instructions. The
gtst of these instructions should be as
. follows:
"No stocks OF any kind must be
bought with this legacy. @ - .,.
| NO real estate purchased, save as
"The investment must be restricted
to first mortgages on real estate, not
to exceed go per. cent Of the market
value OF the property; to bonds secured
railroad or industrial. Of long standing
| and good reputation; to municipal bonds
I'm the State in which the testator lived;
to deposits in stipulated banks in the
! same State; to certain other securities
specifically named In these instrue-
| tions." 1~.eyi- 2 5stsS-
II this advice were generally followed
modest estate. The injunctions miglst
be made much stronger, where the -edu-
cation Of children Is to be considered
i When small estates require such con-
sideration, and they certainly do, II is
vastly more important that the ad-
\ ministration Of large estates should not
be entrusted to private individuals
pany that '.goes ON forever. There are
few wills made under the trust COM
pany provision that will not bear the
test of the limelight in court
i Witnesses are always at the com.
Il mand OF the trust company, Its at
4 torneys are the best, its methods must
be right. it's knowledge of values ae-
curate and in the District of yColunbie,
the security deposited with the Comp
i troller of the Currency must be more
Il than sufficient to guarantee trusteeship.
Il . ss " -sSzI a.
/ No new trust companies national or
II State banks organized In the District
last week. Not much actual news of
any kind. ,fas%1