The Washington herald., 1912-03-22
REALTY

United States Trust stock was fairly
active again yesterday on the Washing
ton Stock Exchange, the selling ranging
from 15ok to 150iz. At the close there
was stiil good demand for the stock
at 1904, but the lowest offering was ut
l75.
washington Gas stock sold at Sc. which
was the asking price at the close. The
bid was So. Gas bonds sold at 1loH.
Traction securities were inactive.
Capital Traction stock sold at 1z3k for
an odd lot. The asking price for quota
ton fots was 123. the lowest level that
has been reached In the recent move
men;.
Odd lots Of Railway preferred sold at
s2h and s2S. No business was done in
railway common. which was offered at
7Sls. The bid was It's
Riggs National Bank stock sold at 5S5.
an advance of three points over the last
sale of record. Although no oficial an
nouncement has as yet been made, 1t is
freely predicted that the present divi-
dent Of 20 per cent will be increased 10
on a 4 per cent basis at co.
Dividends Are decreased.
Notice was given of the increase in
the dividend Of the American Security
cent by the announcement OF the pay
ment OF a quarterly dividend OF . per
cent
In the same way the increase in the
dividend OF the Security Storage Com
pany from to 10 per cent was shown
by the announcement OF the quarterly
dividend OF 21k per cent.
Ofer to Bondholders.
Notice was given through a letter
from the Washington Railway and Elec-
trio Company that an offer had been
made TO the holders of the $4,000 per
cent bonds OF the Brightwood Railway
Company to pay the issue which ma
lures next October in cash, or with the
Washington Railway per cent bonds
at IS.
Key Residence sold.
A deed was placed on record yester-
day transferring the residence of Albert
l.. and Grace n. Key, at lTI7 street
northwest. to Woodbury. Blair. trustee
for< Mrs Rosamond :. EuStis.
The property has a frontage OF forty
seven feet and a depth OF III feet. and
is improved by a handsome residence
containing about fifteen rooms. There Is
a large private garage in the rear and
a yard on one side OF the house The
consideration was not announced. The
property Is assessed at about SIOUO.
Buys Dupont Circle site.
The sale Of the residence OF owen r.
Adds at l347 Connecticut avenue. which |
is at the southeast corner OF Connecticut
avenue and Dupont circle. became known |
yesterday when a deed transferring the |
property to Z. Olivia johnson was placed |
on record. The sale was made through |
the ONCE Of Story & Cobb.
II is reported that the residence which |
now occupies the property will be torn |
Down and branch bank for the United
States Trust Company erected IN its
place. When asked about the sale yes
terday, Eldridge E Jordan. president OF |
the trust company, acknowledged the
property had been acquired in the in
terests OF the bank, but stated that no
definite arrangements had been made re-
garding the erection of a branch institu-
tIon.
No consideration was mentioned in the
is understood that the price was about
S52.0 .0OO 1t is assessed at yzs,OOO. The lot
has a frontage of seventy-five feet on
Connecticut avenue and a depth varying
from eighteen TO forty-eight feet.
Report Sale of Row.
The sale OF the row OF eight two
story six-room houses at the south
west corner of Fifteenth and 4 streets
northeast was completed yesterday by
Shannon & Luchs. The corner house was
sold for $3.50. The others were sold for
,975. The row is being built by Mid
daugh a. Shannon, ana Will not be COM
pleted for about three weeks, although
all Of the houses have been sold. Tney
were all purchased by buyers who will
occupy the houses.
Branch Track to Bureau.
To facilitate the handling Of the large
Will be used in the construction Of the
new Bureau Of Engraving and Printing a
railroad track is to be run from the
freight yard at the foot Of
Fourteenth street across the street into
the vacant ground just south of the
bureau building site.
A number OF sidings will be laid in
the lot and several. large derricks will
be constructed so that heavy stone and
other material can be taken with ease
from the cars and placed on wagons
10 be hauled to the point Of operations
where wanted.
Peyser Lectures on Contracts.
Julius L Peyser, vice president of the
Merchants and Mechanics Bank, lee
tured before a meeting of the Washing
ton Chapter Of the American Institute of
Banking last night on The validity and
OF contracts at the chap
ter rooms, 1214 F street northwest The
lecture was the second OF a series on law
subjects held under the auspices Of the
chapter.