The Washington herald., 1912-03-28
PINANCE REALTY

Railway preferred was the most ac-
tive stock at the meeting Of the WASH
ington Stock Exchange yesterday.
The selling started at - IL and adj
vanced by eighths until IS was reached.
At the close the bid was sI7-s and, the
asking price 8i-2 During the session
257 shares were traded.
The sale of an odd lot at 81 and a
quotation lot at G1-4 was the only busi-
ness done in railway common. The lat
ter figure Is a point and quarter more
than the last selling price Of record The
closing bid was ss7-s and the asking
price 90
The sale OF % shares at S. 1-3 was the
only business done In Washington Gas
stock. The closing bid was IS Ia and
the asking price.
United States Trust stock. which sold
at 1s5. was the only bank security which
figured In the trading. The selling price
Is four points better than that at which
the last sale Of record was made. and
two points better than. the bid OF the
day before. The closing bid for the stock
was 1s3 and the asking price 176.
Railway Is at sl-s and si-s and
Georgetown Gas warrants at s3-s were
the only bonds traded.
Scott to Go to Russia.
Former Senator Nathan B. Scott pres
ident of the Continental Trust Company.
win leave this city Friday for Moscow,
Russia. where he viii settle up the es-
tate of an American who died there The
estate Is a very large one. exceeding 81
10000 In value. 1t is necessary for Sem
ator Scott to qualify In the courts Of
Russia In order TO take over this es-
tate and have IL transferred to the Con-
tinental Trust Company for distribution
In due course to the heirs. all Of whom
reside In this country. Mr.. Scott win
probably be absent four or five weeks.
To study Banking Methods.
william C. worthington. cashier of
Merchants and Mechanics Bank, has
gone to New York to study methods used
by the larger financial institutions OF
branch banks.
Directors Increase Dividend.
At q meeting Of the directors Of the
National Metropolitan Bank yesterday
the annual dividend was increased from
8 to 1C per cent. This will mean that
hereafter the semi-annual dividend will
be instead Of 4 per cent The asking
price for National Metropolitan Bank
stock on the exchange yesterday was
Is. The bid was 20. At zl5 the stock
represents 4 2-3 per cent investment
To Lecture on Contracts.
Henry p Blair will lecture before the |
Chapter Of the American In |
stitute of Banking Thursday evening at |
the chapter rooms. LIZA + street north |
west. on Assignment and termination |
Of contracts-" This is the third lecture |
Of the law course Of the chapter.
Tobacco Company Bays Property.
The old property at s17 z street north
west has been purchased by the WASH |
ington Tobacco Company. which has /
been occupying rented quarters at Eighth /
and d streets since its former quarters /
In Pennsylvania avenue were destroyed
by fire last fall. The company viii erect
4 building for its use on the newly ac-
quired property which has a frontage
Of 90 IL feet and depth Of l59 feet
Business Properties Transferred.
Deeds were placed on record yesterday
several pieces Of valuable
business property which recently have
been sold.
The Hagner Building, 1213 Connecticut
avenue northwest was Transferred from
Walter r. Tuckerman to Garnett A.
Smith. The sale was made through the
office of Randall II. Hagner. who occupies
the first floor OF the building as his Of
fces. The price was withheld. Two
leeds. Of trust aggregating $4,000 were
lied with the deed Of transfer.
An old three-story dwelling at sS4 New
York avenue northwest was transferred
rom Charles o. Rice to Charles W.
King. jr-. who has purchased several
pieces Of property in this vicinity and
-emodeled them for business purposes.
Property recently acquired by Rudolph