The Washington herald., 1912-02-02
FINANCE EAND REALTY


A higher level was reached by Wash
ington Gas stock at the meeting OF the
local stock exchange The selling started
at 81. and after falling 70 S3S. then ad-
vanced 20 SIS. The closing bid was
81 is. and the asking price 81 S-S
The only business done in Railway COM
mon was the sale OF 100 shares at 595s.
The preferred stock sold after call at so'i
and at 90. ~
Capital Traction stock sold from 1225s
to 1225 for odd lots after call
In the bond list Riggs Realty IS were
the most active. These bonds sold at
100 and 1O5K fer $780,
Capital Traction IS were fairly active at
11Oiz and I0l4.
Mergenthaler sold on a declining scale
yesterday. The selling started at Z19 and
closed at 2lsi$. After call IL rallied to
H7
Trust Company Opens.
The new Continental Trust Company
opened its doors at 1905 G street for the
first time yesterday morning at o'clock.
In less than an hour from the time the
receiving tellers had taken their positions
several large deposits had been recorded
in their books. During the day the heads
of many other local financial institutions
called at the new bank and wished the
officers and directors success with their
new venture.
At the close Of business yesterday after
noon 1t was announced that the deposits
for the day had exceeded $4,000. A
large proportion of the sum was savings
deposits.
The president of the company, Nathan
B. Scott, and the vice president, Charles
W. Warden. were kept busy responding
10 greetings and welcoming all who came.
The banking room was newly decorated,
and flowers and foliage plants empha-
sized the character OF the occasion.
Syndicate Purchases Land.
A sale OF suburban property involving
about $4,000 was consumated yesterday
when a deed was placed on record trans
ferring about twenty acres OF land ad-
joining Massachusetts, avenue, just be-
yond Arizona avenue, from Charles c.
Glover to a syndicate Of wealthy busi-
ness and professional men, who have
formed themselves into the Massachusetts,
Avenue Realty Company. 1t is under
stood that a number OF elaborate subur-
dicate and for the market will be erect
ed on the newly acquired ground.
Henry Spencer, vice president of the
Southern Railway: John F. wilkins, Muir |
ray A. Cobb, John p. Story, jr., and
the Rev. Henry Ward Denys are some |
of the members Of the proposed sub |
urban colony. |
II is the purpose Of the members OF
the company. according to Mr.. Story. at |
once 20 start the construction of three
or four houses, each costing from $1,000 |
to $4,000, and surrounded by from one |
to two acres Of ground. Especial atten- |
tion is TO be given TO the landscape ar |
chiteCture.
The sale of the property was made |
through the Office Of Story & Cobb.
Bank officials Hold Reunion.
a number of officials Of some OF Wash
ington's most prominent banking insti-
tutions met at the residence OF Maurice
cashier of the Anacostia Bank,
H4 Tenth street southeast, Wednesday |
evening and looked back over the years
that have intervened since all of them
entered the service OF the National Capital
Bank in Pennsylvania avenue southeast,
when II was founded in 1889.
They were George o. Watson. cashier
OF the National Metropolitan Bank and
president Of the Anacostia Bank; II. H
Mckee. cashier of the National Capital
Bank: W. F. d. Heron. assistant treas
urer, Union Trust Company; John NJ
cashier Bank of Commerce and
Percy Thompson, secretary and
treasurer Harry wardman Company, and
Otterback, cashier Anacostia
Bank.