The Washington herald., 1914-03-05

STOCK MARKET
in BETTER tone
Prices Higher in Wall Street,
Bethlehem Gaining Three
Points.
BETTER LOCAL TRADING
B. & o. Economizing on Printing.
c. & o. May Issue Notes
Instead of Bonds.
BETTER LOCAL TRADING
By w. sTEALEY.

The New York Stock Market yesterday
took more favorable turn. The list
generally showed gains, Steel closing at
Is Is. Reading at 1s6, Copper at I4s-As
Can at 30, and Great Northern at 12s
Bethlehem Steel common closed at II IL
a gain of nearly points, based on rumors
that the forthcoming report VIII snow
% per cent earned on the common after
the payment of the preferred dividend
The preferred advanced 21-2 points.
The most disturbing feature ahead OF
the security markets Is the Mexican
situation. Recent developments in this
connection have caused a general feeling
of anxiety over the possible development
of some overt act, forcing the govern
ment to change its policy and intervene
Should anything transpire within the
new few days to indicate peaceful So
luton Of the complicating features such
as the Benton incident now being agitated
here and abroad, the market is in a better
position than it has occupied for some
time to respond to such bullish in
fiuences, especially in view of the con-
tinued abundance of cheap money for
speculative and investment purposes
Local Stock Market.
In both departments Of the investment
market the Washington Stock Exchange
yesterday showed improvement. Bond
sales amounted to $500. and there was
trading in seventy-five shares of stock.
Two $1,000 Metropolitan Railroad IS sold
at 1O5 IA. one 5000 Of the same issue at
los L.
One $1,000 Washington Gas brought
107 "a. one 1O7 SIS, and two $500 IS 107 5-S.
\ GEORGETOWN Gas $500 certificate brought
1O5. One $500 Riggs Realty Qong) was
scld at 102 1-2
In the stock list fifty shares of Rail-
way common brought 81 S-4. five shares
of Washington Gas s41-4, and twenty |
shares of Continental Trust 10. |
Bond Markets Position.
Investment bankers say that the de-
mand for securities which was SO en-
thusiastic I'm January has to a large ex-
tent subsided. But in their opinion this |
is not entirely to be regretted. The pace
set in January was too fast, they say, to |
be maintained without causing stringency. |
The slump is believed to be temporary,
and the market will be all the better
for the rest. There does not appear TO |
he an unusual amount of capital unem- |
ployed, and this is regarded as a sure |
index that busi:-ess is holding its own.
Otherwise there would be more idle capi- |
tai seeking investment. AS prices of good |
Dor DIS have advanced from to points, |
in 7estors are disinclined to climb for
them and slit L reaction in values
would not cause surprise.
Railroad Printing Economy.
One Of the effective means of econo-
mixing practiced by the Baltimore and
Ohio Railroad Company is in the operation
OF a printing department, fully equipped
and employing 100 printers and other men
who receive the standard scale OF wages
paid in all job Offices.
In the last annual report Il was stated
that Office supplies, stationery and print
ing cost approximately $4,000. Office sup
plies and stationery involved an expense
of only 10000; the printing department,
with its own expenses, was involved In
the rest of the sum, but through the
operation of this department the COM
pany is being saved much heavier ex-
pense.
Financing of c. & o.
1t is probable that an announcement
will be made within the next few days
of the plan on which officials of the
Chesapeake and Ohio Railway Company
and their bankers have been working
for taking care of the two note issues
that mature next June and for supplying
a comparatively small amount of money
for improvements of various kinds. While
no official statement was obtainable yes
terday, the indications were that the
company will not sell a block of bonds
as was expected until recently. but that
an issue Of notes will be put out instead.
Pennsy's New Method.
The Pennsylvania Railroad System has
adopted a pleasing way of sending out
announcements concerning promotions
and appointments. These occurrences
now are chronicled in a neat pamphlet,
accompanied in many instances by photo
graphs Of the men appointed or promot-
ed. and then sent broadcast to those in
terested. This makes a convenient and
impressive way of announcing the
changes made and also gives other en-
ployes and the public generally an idea
of what the individuals names look like.
Stockholders OF the First National Fire
Insurance Company will be asked to ap-
prove an increase OF the capital stock
from $1,000 900 to s1,50o,00o.
Alexander Wolf tonight VIII lecture be-
fore the Washington Chapter American
Institute Of Banking on Negotiable In
struments.''