The Washington times., 1914-03-19
STOCK EXCHANGE
WITHOUT FEATURE
Local Securities Show No
More Activity Than New
York Stocks.
By GEORGE H. GALL.

Trading on the local stock exchange
today was featureless and in small vol
, ume. Bonds to the amount of only $1,000
and stock to the total of only forty
six shares were sold. There was no i'm
poftant change in prices.
The bond trading consisted of 81, 500 of
Washington Gas SIS at 107b; $3.50 of
Riggs Realty Qong) SIS at 102h, and
$1,000 of Potomac Electric Consolidated
| SIS at 10Oas
The largest sale Of stock was of
twenty-five shares Of WaShington-Vir-
Einia preferred at s.. Six shares of Mer-
gentaaler sold at 2l5h, and Is more was
paid for another six shares. One share
OF Lansttn ex dividend sold at SAY
Seven shares OF Union Trust sold at
1871.
showed 1888 tons Of cotton seed
crushed and to be crushed from the
crop of 1913. compared with 1873 sos for
1872. Total linters for crop Sc9, ,0l9 bales
for 1913, compared with 602,32i for 1917.
The National Bank of. Washington
has declared the regular quarterly divi-
dend of per cent, payable April /, 10
holders Of record March q.
The building committee of the Ma
tional Savings and Trust Company will
meet tomorrow to consider plans for
the banks new building. President
William d. Hoover returned today
after a weeks attack of grip.
The second lecture In the series On
the law Of negotiable Instruments will
be delivered by Alexander Wolf Lefore
the Washington Chapter. American In
stitute of Banking. at the regular week
" meeting at 1914 F street tonight at s:15
o'clock.
Realization OF hopes for renewed ac-
tivity in the steel trade is deferred
according to the weekly review CT the
Iron Age today. which says, in part, as
follows:
THE hopes of the steel trade have
centered OF late in the renewed activity
which has always come with the ad-
vance of spring, but their realization is
deferred. The railroad situation is
charged with upsetting the calculations
for 1914 that up to a month ago seemed
better in iron and steel than in most
other industries.
While the rate AT which specifications
arc coming in promises the continuance
of the present scale of mill operations for
n few weeks. II is evident that early
April must bring larger buying if curtail-
ment is to be averted. There are also
involved some contracts for second quar-
ter delivery made at 81 a ton higher than
the basis OF current shipments. Specifica-
tiOuS will not come forward on these if
other mills are then selling at lower
prices, and the tendency Is now admit
tedly that way.
''Ir the absence of rail buying. the
outlook for plate and structural tonnage
is doubiy important. Shading of prices
appears in both these lines and particu-
larly in Eastern territory mills have
found ii necessary to go to 1.15c. Pitts
burSh, to meet prices called out by de-
sirable business. Bars have shown rela-
lively less weakness than plates and
shapes though some concessions have
been made on contracts for concretere-
enforcement
Construction work is rather more
Plentiful. In the Eastern district a
total of 1900 tons was let on contracts
averaging less than go TONS save for
one building calling for 5000 tons. In
Western territory 1900 tons Is reported
let, including 1000 tons for the Lumber
Exchange building. Chicago. and 3,450
tons for the First National Bank at
Minneapolis.
Car buying for the week has been
quite above the average-a total Of s. 22JJ
placed. of which 3.375 were for the
Southern railway and 1000 for the St
Louis Southwestern. The New York
Central is about to buy $500 cars: the
Central of Georgia. $50: the Illinois Cen
tral. ZOO to $500: the Bessemer and
Lake Erie 1900: and the Duluth. Mis-
sabs and Northern. 1000"
later report says that the New York
Central is to buy between 5000 and
1000 cars instead of $500, as reported
to the Iron Age.