The Washington herald., 1912-04-24
PINANCEAND REALTY


There was another good day for bonds
on the washington stock Exchange yes
terday.
Potomac Electric IS were the best SELL
era During the session $4,000 in these
bonds changed hands at 10TH, representa-
tives OF banks being the buyers. Poto-
mac Consolidated IS sold S.ooo at leex.
Anacostia and Potomac Railroad s. sold
1900 at 100 Railway Is brought 81 for
1,5OO and sex for s1.oOo Norfolk and
Washington Steamboat s. sold $500 at io6.
washington Gas IS showed the greatest
strengthen the bond list, selling $500 at
iiOss.
Railway preferred was fairly active at
o. Railway common sold in limited
a hundred share lot of Lanston sold
at IS
The sale OF fve shares at I5s1s was the
only business done in United States Trust
Company stock. The selling price was
the bid at the close. The asking price
was i7o.
At special meeting Of the stockhold-
ers OF the United States Trust Company
yesterday the issue Of $4,000 capital stock
was authorized. The total capital stock
stock viii be offered to stockholders at
t150.
The bid for Union Savings Bank stock
dropped from 2eS TO 40 The asking price
remained firm at go. Citizens Savings
stock sold at 10.
Charles A. DouEIas to Lecture.
Charles A. Douglas will deliver a lee
ture on Negotiable Instruments and
Their Execution" before the Washing
ton Chapter Of the American Institute
on Banking tonight. The lecture will be
the seventh Of series on law given
under the auspices of the chapter. Here.
Thursday evening Of each week.
Committee MeetInEs Announced.
There win be a meeting of the COM
mittee on public health OF the Board
Of Trade Friday night. The arrange
ments committee for the annual shad
bake viii meet tonight.
Realty Committee Meets.
A meeting Of the special committee
Of the real estate men. appointed to
draft a form Of constitution and bylaws
for the realty association. was held yes
terday afternoon in the ONCE OF James
F. Hood, in the American Security and
Trust Company Building.
John L. Weaver, chairman ofrthe COM
mittee. laid before the committee the
constitutions OF the associations of Chi
cago. Seattle, Kansas City and Des
Moines. and one prepared for new as
sociations by the National Association
OF Real Estate Exchanges.
Biz Loan Recorded.
A loan Of i75,oOO to Harry wardman
and Thomas Bones to build an apart
ment house at the northwest corner Of
Fourteenth and Fairmont Streets has
been recorded. II was made through the
ONCE OF Swartzell, Rheem q HenseyI
Company, and is for three years at Sl1
per cent.
Bank to Receive Deposits.
The Treasury Department viii place
100000 surplus tax oney with ma
tional banks Of Washington in three
equal instaIlments. May Is. =. and =.
Appointments will be made upon the
relative amount Of individual deposits
plus trust company deposits. Funds wiz
be recalled % per cent on July Is and
August Is; 10 per cent, September IL.
and 10 per cent thereafter. monthly. uns-
I'll repaid entirely.
The department has decided TO charge
national banks, designated as deposit
tories of government funds. . per cent
interest for the million dollars. deposited
with each national bank, to make good
the title. Banks are given to May s to
accept their allotment OF tax money.
While surplus deposits are rather ex-
pensive these days. II Is not probable
that any bank VIII refuse its allotment