The Washington herald., 1912-01-26
FINANCE AND REALTY

FlNhNUE AMI MALL
The volume OF business transacted at
the meeting Of the local stock exchange
yesterday was quite small. The prices
were for the most part on q slightly low
er level than what has been ths case dur
ing the past few days.
washington Gas was the most active
from the point of sales. The trading
started at s. and then fell OF 10 Ssh. The
closing bid for the stock was S3ss. and the
asking price. sHk.
The decline In the prices for this stock
IL attributed by many persons to the bill
introduced in Congress, which II passed
would bring about reduction in the
Five shares Of GeOrsstown Gas stock
brought 1I6
All Of the traction stocks were quoted at
lower prices. Railway common sold at
5s5k, while nineteen shares brought 5ok.
The closing bid was ssH and the asking
price 59x.
Railway preferred sold at q during the
call and .afterward nifty shares were
traded at s1E.
No business was done in Capital Trac-
ton stocks. The closing bid was 122l5 and
the asking price, lSIh
There was no trading in Citizens Saw
ings stock. The best bid was Ib1l for ten
shares. Such a lot was offered at 1G
The closing bid was IL and the asking
price Is.
The day previous the bid was 1s and
the asking price M. The decline in the
quotations may be considered as a refiec-
- Nha 0f ~ hnaFA ~ &
rectors In declining 10 merge with . trust
company now in the course Of formation
In this city.
Charter In Granted.
A charter TO transact business In the
District was yesterday granted the new
Continental Trust Company by the Dis
trict Commissioners, following the pre-
sentation by representatives OF the or
ganiEation of information which showed
that the proposed capital Of 81, 600 900 and
a surplus Of 100000 had been fully sub
scribed.
The Continental Trust Company Is the
institution organized by former United
States Senator Nathan B. Scott and his
friends and business associates.
The officers Of the institution will be:
Former Senator Nathan B. Scott, presI-
dent: Charles W. Warden, first vice
president; w. 7. GaIliher and Bates
Warren, vice presidents; Charles A.
Douglas, general counsel. and Frank 8.
Bright. trust oficer and secretary. The
directors will be elected within q day
or two. and then the ofiicial slate as
outlined above.
Former Senator Scott said yesterday
morning: Our capital has more than been
subscribed. and 1 am much pleased with
the outlook. We probably will be ready
to do business early In February. The
ONCE force has been engaged. and the
banking room is ready for the opening" :"
Marks Elected Director.
Arthur D. Marks. business manager of
the Washington Post. was elected to the
directorate Of the company at the an
nual meeting yesterday. Mr.. Marks sue
ceeds r. II. GoldsborouEh, who recently
resigned from the board
John R. Mclean was reelected presi-
dent Of the company; Edward Mclean,
secretary-treasurer. and John r. Nc
Lean, Edward Mclean, John =. WIZ
hns. Wilton J. Lambert, and Arthur d.
Marks elected members Of the board Of
directors
At the conclusion Of the meeting the
officers Of the company stated that the
Washington Post has not been nor IS II
ent ownership to William Randolph
Hearst.
Report Several Sales.
The MandIer Company yesterday re-
ported the sale OF the Isabella apart
ment house, at 1874 Eleventh street
northeast, to the Capital Realty Com
pany for p. ]. Jordan. for 81. 900. The
apartment Is a four-story building.
This company also reports the sale of
four Of the five houses recently finished
by 7. T. Lewis at Hall place and W
streets northwest. Martin Gerlng pur-
chased the corner house for $500. The
others were purchased for $3.50 each by
Martin ScranaKe, Mrs. Mary Heiston.
and DR.. A, d. Jacobson.
Two lots containing an acre and a
quarter in Woodbridge were sold for the
Capital Realty Company for 1900. and
two lots. $50 by 30 feet each, in Rhode
Island Avenue Terrace, were sold to
Clarence E. Smell for 10 cents a square
foot.
new six-room house at 2S Elm
street northwest was sold for r. s..
Wolfe for $500.
VIII Present Petition.
A petition, signed by the taxpayers and
voters of Bethesda and Potomac dis
tricts, asking that they call a special
election TO decide whether the two dis
tricts shall be bonded for the $4,000 to
pay part OF the expenses OF building
boulevard from Chevy Chase TO Great
Falls, about nine miles, will be filed with
the commissioners OF Montgomery
County next Tuesday oy the Chevy
Chase to Great Falls Land CORPORATION