The Washington herald., 1913-03-15

thaler, 2l3. The regular dividend was
declared on Lanston. A little Gas sold
at s5h.
Ten shares of Federal National Bank
sold at 139
Potomac IS, first mortgage issues. sold
at 10S, and Riggs Realty IS Qong at
lO2A.
Extra Dividend.
The Farmers and Mechanics Bank, OF
Georgetown, made glad its shareholders
by declaring an extra dividend OF per
cent April l to shareholders of record
March 20 This is taken to mean more
liberal policy hereafter toward share
holders. r.
Skiing Ii Up. ..r
W. B. Hibbs & Co. say: The special
session of the Senate probably will come
to an end Saturday and the elder states
men be given a vacation until April q
when the new Congress will meet In
extraordinary session to take up the
tariff bill.
In the new Congress the Democrats
will have a clear majority in the Sen
ate of six, with two vacancies from
Illinois yet to be filled. Six is safe
working majority in the Senate on all
strictly party questions, That majority
will be swelled by accessions from the
Progressive Republicans on questions OF
general legislation of progressive
nature.
But when it comes to division on the
tariff. with local interests in conflict, all
bets are off. The Progressige Republi-
cans cannot be counted upon to follow
the Democratic flag of tariff for revenue
only The conservative Democrats. itch
ing for a little more protection. although
ashamed to acknowledge it. will he very
solicitous lest low rates may not pro-
duce sufficient revenue.
so that tariff bill. in its policies, Is
likely to be as variegated as Joseph s
coat of many colors.
During the interim before the return
of the solons. President Wilson will
bone up on the tariff and dispense a
little patronage pie
Wall street.
From an active. easier market. with a
turn in the last hour or two, the market
turned stronger. moderately active, and
fractionally higher.
The possibility ot an early settlement of
the Union Pacifics troubles. with its big
line Of Southern Pacific stock. was a
market factor and the fact that but
about a 81. 900. 200 decrease is expected to-
day in the bank statement. rather than
s,oo0oOO. as at first expected. also had a
helpful influence.
The liquidation abroad is growing less
and buying is expected before long as
conditions become more settled.
The gains in the leaders overcame the
losses. hut that was about all, though
there was a net 5-S improvement in
Reading. l." on Steel common, 3 on
Liggett and Myers Tobacco, and 2l-2 on
500 Line.
Southern Pacific was a point off. Net
~ a aSneri1lIV iu1nnTfanf
To Increase Capital.
The Fidelity and Deposit Company of
Baltimore will increase its capital stock
from $}.GG0.uO0 to s5.OSo,OtH if a plan now
being considered is approved by the
board of directors.
The proposition is to capitalize 5000
O0o of the sS.ntN.O60 surplus. which plan.
il adopted. will give the company the
same aggregate capital and surplus as
at present, but to carry out the PROPOSE
tion the latter item will necessarily be
reduced TO S,1S.oN.
II is proposed further to distribute the
proportion of one and one-half shares for
each two shares they now hold.
Last December the company increased
its capital stock from s2.0I0.n00 to 5000,
CO. IN order to pay for the stock of the
American Bonding Company, which it
absorbed
As a further step in the proposed new
financial plan. il is understood that
when the full capital stock of S.e0oC is
issued the dividend. which is now l6 per
cent, will be reduced to 10 per cent The
return to stockholders at par on this
basis would be III. per cent. or ~ per
cent more than they now receive.
With a capital stock of S.GH00S the
Fidelity and Deposit Company would
rank with the largest institutions of its
kind in the world in point Of Capitaliza-