Evening star., 1925-03-16
TREASURY BALANCE
BOOSTED BY LOAN
Today's Offering Adds Sum
of S137,701, ,6Oo-Riggs
Bank Stock Jumps.
BY CHAs. p. SHAEFFER.


Net balance in the National Treas
ury is being augmented today to IN.
extent Of si37,70l.600, payable by the
banks Of the country on their recent
purchase of the initial Offering OF
Treasury per cent bonds. These
bonds mature on December 10, 1854
with redeemable privilege ten
years earlier.
The total Of this bond loan allotted
amounted to s75s.T4S. 500, consisting
Of s532.230 900 Of exchanges, with the
remainder in cash. The sum of s6S.-
o5o,ooO, or % per cent of the in
itial offering, remains with the banks.
exclusive of the additional Offering
which was closed but few days ago.
Riggs Up 10 Points.
| An abrupt advance OF more than
| 10 points TO 547st. establishing z
| new high level, on the part o! stocf.
or the Riggs National Bank, was the
| outstanding feature of trading on
the local market today. This issues
advance has been the wonderuent or
! the specially" list on the Washing
ton exchange during 1925, recording
an advance of more than 10 points in
| less than three months, il havinE
! opened this year at SOC. Il is said
I BY the bank officials that earnings
entirely warrant the advance
! No cessation In the firm tenor Of the
! Washington market was evidenced
| lavorite issues sold at or near the
! high prices Of the year, while Amer
| lean Security and Trust Company also
registered new peak at 526i. on 2
| lO-share sale.
Lanston Monotype was again rather
/ heavily traded in at the years hIGn
! figure, total of $50 shares changing
| hands at 50. Msrgenthaler, selling
! dividend and IL per cent extra,
! brought 1874
! Railway common had 10-share ez-
| change at los. with the preferred
selling at So. Gas was pegged at 60,
as was Capital Traction at 9o9+, sell
ing / q per cent ex-dividend
Subscription Books Closed.
! Dillon, Read & Co. announce the is
sue of $S,375, 900 OF Philad eiphia Rapid
Transit Company per cent gold
| bonds, due March I. 1852. has all been
sold and the subscription books
closed.
| E. II. Rollins &, Sons Blyth. Witter
& Co; Eastman, Dillon & Co; the
Federal Securities Corporation and II.
! II. Byllesby & Co, Inc, are Offering
d new issue of s6,0oo,o00 of National
Public Service Corpo ration trarne 20
be presently changed from jersey
Central Power and Light Corpora =
ton) 3o-year SO per cent sinking
fund collateral trust gold bond.
series A, due February l, 1875, a
s7i5 and accrued interest, to yield
about SO per cent.
The borrowing corpora ton, throucI
local operating companies, Furnished
electric light and power, gas or wste~
service TO 1sl communities in NeE
Jersey. Pennsylvania, North Carol:rE
and Florida.
Program at Institute.
The schedule OF the weeks acti7.-
ties OF the local chapter. Americ4
Institute OF Banding, follows:
Tonight. Bond Issuance" by T =
Donohue. before the Standard haukin.,
class; Tuesday, accounting class viii
hear Joseph K. Meyer on Single
| Entry Bookkee ping; Wednesday. =
B. Dickey will lecture on "Negotia-
| tion" before the negotiable instru
ments class; Thursday. "ReconcilinE
/ Accounts s-Accruals." by Z. II. Thom
son, before the elementary banking
class, and the class IN public speak
ing and debate will be conducted by
Rufus Lusk in the Washington Stock
| Exchange rooms; Friday, +. ]. Dono-
hue Will conduct the review pre-
paratory to examination In the stand
ard economics class. and lecture on
Commercial Credits will be given
by r. Gordon Finney in the credits
class.
Lois A White, chairman OF the
woman's committee, has called a
meeting Of her committee for We'd
nesday evening, o'clock, preceded
by dinner at the General Federation
OF Women's Clubs. The business
session OF the committee immediatelE
follows the dinner.