The Washington herald., 1911-03-18
REALTY AND FINANCE

A short session Of the Stock Exchange
yesterday was marked py lsh' '9
in all securities listed.
Washington and Virginia Railway COM
mon. although inactive, proved itself un-
affected by the ruling OF the lhIeI sIa''
Commerce Commission ordering a reuuc-
ton in the single fare rate between WASH
ington and four small Virginia towns
this side of Alexandria. There were no
sales in these securities, but the bidding
price Jumped from 35s to 35A, and the
asking price from 25l4 to 81. Preferred
stock of that company dropped half
point in the bidding and advanced half
point in the asking price The de
cision is not expected TO affect the Wash
ington and Virginia Railway as much as
others, il the inferred strike at overcap-
italization becomes a policy or precedent
Washington GasligAt Company per
cent bonds were in evidence to the eN-
tent Of a 81 900 block that went for the
high price OF the day before, 1875 Two
blocks of Capital Traction IS. aggregaung
$500. eased down one-eiGhth of point
on the preceding day, going at lE!6.
Although unlisted. and debarred from
the board for that reason. the new per
Steamboat Company-$3n0 600 issued to pay
for the new steamer of the company
were in evidence. One bond sold for 10l
in a private transaction, and like price
was refused for another. with the ask
ing price advanced to 10l12.
At a recent meeting OF the-ooard Of di-
rectors of the Washington Mechanics
Savings Bank. the stock was placed on
a dividend basis OF per cent, to Ue paid
quarterly. the first installment payable
April !. The annual report of the officers
shows a large gain in profits and deposits.
The fonowing officers were elected:
Ezra 2. Gould. president; P. B. Ryon.
vice president; r. H. Bagby, secretary
treasurer.
Observation-Disclosures H. Acheson, r. H.
Bagby. George Hayes, William NJ. Dove,
Ezra Gould. Andrew johnson. jr.. Edward
F. PiCkford. NJ. D., Jesse B. X. Lee, John
p +. White. Edmund S. Wolfe, r. B.
Earnshaw. J. Chester Piles, NJ. D.,
Charles c. Love, P. B. Ryon, and Z.
Hume Talbert.
A question that may be settled at the
meeting of the Bankers Association, at
Rauscher's Tuesday night, and may have
some effect on the election, has to do
with the eligibility for election to Of
fce in the association. The body-that
part eligible to vote-is made up of one
delegate and one alternate from each
bank The meetings, however, are
largely attended by other officials of the
banks represented. and who take part
in the discussions and are on, supposedly,
A nonactive or associate membership
plane.
In several past elections, however, Of
icers have been selected from among
these nonactivc members. and the ques
ton agitating the minds of a number of
local bankers is whether these elections
are legal and void under the spirit or
letter of the constitution.
me lease of the United States Trust
from the Southern Building
Company, for the trust company's space
in the new Southern Building, Fifteenth
and II streets, is to run ten years from
July l, 1911, for total rental of 100000.
For the first three years $500 a year
is to be paid; for the fourth and fifth
years 5000 is to be the rent each year.
For the balance of the term an annual
rental of $11.6OO is to be paid.
The trust company has the privilege to