The Washington times., 1913-02-07
FEDERAL NATIONAL
STATEMENT SHOWS
STRONG CONDITION
First Statement of Commercial
National Since Split Also
Shows Strength.

The first statement Of the condition
of the new Federal National Bank. In
response to the Comptrolier's call as
of February 4. shows resources Of H.
2SS, 7sla and deposits of $752, 2,Sls.B. The
capital stock paid in $3S6. .S72.40 and
surplus $s6, ,7ls.10. The undivided profits
are $5lS.12 II is interesting 10 note that
only $7s5.?S Is set down for furniture
and fixtures and nothing for banking
house.
The Commercial National Banks
statement, the first nee the organiza-
ton of the Federal, shows resources OF
s., lis, ASP, as compared with the last
posits February i were si,s2i, ,o6i.s4. as
compared with S.172,66S on November
rs. The deposits on February and s
were about 500, 900 in advance OF those
on the 4th.
JonIifion in their statements publish
ed today.
Georgetown Gas stock. said to be a
quotation lot, was offered today on
the Washington Stock Exchange and
quotations, which have long been Lack
ing, were supplied. The bid for the
stock was finally marked up at 81, with
l35 asked Twenty shares of WASH
ington Gas sold at S5h.
Another stock that long has been
shares OF Greene-Cansnea sold at 81
The demand for Washington Railway
As was met. and after S,000 OF the
bonds had been sold at sih another
tan Bank stock came out, twenty
shares at 205i. and six at 2c5.
A special meeting OF the Baltimore
clearing house was held yesterday to
consider the question OF naming an ex-
a WaGf1lnRf0n
banks jointly. This as a matter which
has been under consideration by the
clearing houses OF the two cities for
long time. As the question Of the
proper diySSCSI of the expense, the
duties of such an examiner and other
matters of detail enter into such mu-
tuality of interests between the banks
OF the two cities, no definite settlement
was reached. President Waldo New
conner was authorized to appoint q COM
n ittee Of three to take the question
under adyisement and report to a future
meeting. He will name this committee
In a day or two. when ii will begin Its
work.
The dividend on Consolidated Coal
Company stock will be raised from a
per cent basis to a per cent
basis in April, II reports In fianan-
cial circles be true. The company now
pays IA per cent quarterly, and. accord
.nent win be IN per cent. The company
is realizing almost record prosperity,
and there does not seem to be any
doubt OF Its ability to increase the divi-
dend.
A general meeting of the stockholders
OF the company has been called for
February Is, to act on the proposition
OF increasing the capital stock by
s6,l9o,5o0 and also to approve the action
Of the board in authorizing an issue OF
9. S.5O0.0O OF ten-year convertible 6 per
cent notes. The meeting will also con-
sider any other business which may
ditional stock Is to take care of the
convertible feature of the notes jlst
authorized. IT will bring the tolal
capital of the company to $3l, ,1S0 500.
For the purposes OF the meetin the trans
fer books Of the company will he
closed from February Is to February
10.
The showing of the Seaboard Air
Line railway for the last quarter OF
the first half of the current fiscal year
Is decidedly more favorable than II WIS
for the three months ended with Sep
tember
Whereas the figures for the first
quarter showed that the company lack.
ed $3S, ,I72 OF earning sufficient to pay
the periods proportion OF interest on
the adjustment mortgage bonds, this
deficit was wiped out In the three
months ended Decembe: 81, and The
surplus reported at the end Of the first
half of the fiscal year was short O
little more than $40 600 of being enough
to pay interest on this Issue of bonds
for the full twelve months.