Evening star., 1925-03-11
RA|LWA STOCKS
MAKE NEW HIGHS
Common and Preferred Sell
at 1O7 and 83--Other
Financia! Notes.
BY CHAs. II. SHAEFFER

Inspired by it's speculative merits.
local traders sent stock issues OF the
Washington Railway and Electric
Co further into new high territory to-
day, the common netting an advance
OF lk points to 1o7, while the prefer
red sold upward to SO.
Both issues were strong throughout
the session, a paucity of available
shares being plainly evident An Of
Ter OF 106 found but 10 salable shares.
like number being all that was
available when the bid price was
advanced an additional point. The
preferred issue rose accordingly. II
shares in odd lots selling at 81, fol-
lowed bby a 10-share sale at go
Lanston Monotype retained its re-
cent strength, 120 shares resulting in
haif-point gain to S3h. Washing
ton Gas sold at 60A, and Capital
Traction at s2A. American Security
ana Trust Co. paralleled it's highest
nsure, 32419, on sales of 10 shares
ana Continental Trust Company
brought Sc. Columbia Title Insurance
sold to the extent Of s5 shares az 81.
and National Mortgage and Inyes.
ment' preferred. was unchanged ar
.SA.
stolen Securities Listed
thrust at traffic in stolen securi-
ties IS being made by the National
surety Co, which is mailing to bank
ers and brokers throughout the coun-
try a pamphlet containing LIST of
securities which have been stolen dur
ing the last few years and never re-
covered. accompanying the pamphlet
are heipful suggestions for protection
OF securities during transfer, and
warning that stolen securities should
not be purchased or accepted as COL
lateral
The surety company listed approx
lmately 100000 in stolen securities
all Of which have been paid to the
reported owners
The company offers to lend to it's
clients, free of charge, one of its pat
ent steelmesh safety vests, in which
securities are secreted in a steeI-lined
inside pocket
Thinks President Strong in West.
Peter A. Drury, president OF the
Merchants Bank and Trust Co, re
turned yesterday from an extended
trip through Arizona, California and
Washington State. He spent Consid-
cradle time in Phoenix, Ariz., where
his son, Leo K. Drury, is engaged IN
the real estate business. Father and
son later motored to San Francisco,
Los Angeles and Seattle.
From my observation, President
Coolidge has the confidence of the
entire West" said Mr.. Drury. There
was not q person with whom ! talked
who was not enthusiastically for the
President and his policies. This can
have but one effect-the stabilization
| of business throughout the West ard
| the Nation as well. II was the most
remarkable demonstration of conf
dence that have ever witnessed, and
big things may be expected to han
pen in that section of the country
in the next four years"
RIGGS Dividend Action.
The recent rise in stock OF the
Riggs National Bank was partly e.
| planned by the declaration of an extra
| dividend of l per cent in addition 20
the regular semi-annual disburse-
| ment of 6k per cent, both payable
| on April 10 to stockholders of record
March 81. Directors also authorized
the transfer of $25 900 to the institu-
tons surplus fund.
The Riggs Bank is virtually on 2
dividend of Is per cent annually. The
definite rate is per cent semi-an-
nually, but the extra of l per cent
was first paid last October, and earn
ings of the institution are more than
sufficient to warrant its continuance.
"stock Dividend Arrives.
A stock dividend not on the "bi :
Il
erable comment in the local financia
district this morning was that paid
yesterday to Albert p. Madeira, mem
| Der of the firm of John L. Edwards
& Co.
The youngster. feminine in gender,
! adds considerable heft to the Madeira
resources, 1t is understood.
VIII Speak in Cleveland.
Joshua Evans, jr.. executive vice
president of the District National
Bank, will be the principal speaker
at a joint meeting Of the Better Bust
ness Commission OF Cleveland and
the Cleveland Advertising Club on
March Is.
Mr.. Evans will speak on winning
and holding the public interest in
| the better business movement
Bank Director Home.
| Clyde e. Asher, director OF the
! Liberty National Bank, has returned
! to Washington after a ive-week vaca
| tion spent in Cuba and at various
points in Florida.
NEW FINANCING ALLOWED.
/ IEp SEv CTTv NJ 7 Norcb II