The Washington herald., 1913-03-06

Ing was the weak opening and the strong
closing OF Railway common. At the
opening 80 shares sold at 81. Later on.
and with nothing between" sixty-two
! shares sold at s. and there were bids for
more stock. In the meantime preferred
was steady at IS lass IA
There were no sales Of Washington
Gas except one share at Sc. but there
were bids of S. II with none offered
under s. L. The usual bid for an un-
obtainable quantity of Georgetown Gas
was made, $l60 for $500 or 3,4So shares.
The latter quantity represents the hold
ings Of the Washington Gas Light Com
pany: an independent pool controls about
800 shares and there isn't much more
unattached"
Bank stocks attracted considerable at
tention. United States Trust was fea-
ture, 100 shares being marketed in 10
share lots at rs, with an early sale at
13s. Commercial National brought 2o3
and 2O5. Union Trust, 1856.
Gas IS sold at 100: Potomac Consoli-
dated IS were wanted at 10i IA. while
Railway As at IS were readily salable.
Trust Companies.
The trust companies in the United
States have a vast treasure in their GUS
tody, exceeding in value $35,00o00O,oo 900,
which is more than one-fourth the en-
tire wealth of the country, more than
one-half the wealth of all corporations in
the nation. and $1I,0oo.000,0oo more than
the combined banking power of all the
national and State banks I'm the United
States. More than S. 600 of this
amount represents the value of estates
ana trust funds turned over by tndi-
viduals. In only three instances where
trust companies have failed during the
past fifteen years has there been any
loss of trust funds. In each case the
amount has been Insignificant.
The average patron of a bank or trust
company little knows the multiplicity of
services performed by trust companies.
and how great Is their Influence for good
in a community. Besides safely handling
trust estates. they manage property COL
lcct rents, and attend to insurance premi
ums. They act for fraternity, social, re-
ligiOus and benefit societies, as treasurers
and custodians. They take over insolvent
concerns as receiver and liquidation
agents. They often manage running bust
ness or manufacturing concerns, and by
able mana cement put them on a solvent
and paying basis. They are appointed
by Federal courts to take charge OF the
affairs of hankrupts and they see to II
that all parties concerned are impartially
recognized i'll the distribution of assets
These and many other valuable services
into the every day life of individuals and
meet the requirements OF business estab-
lishments or corporations, and as the
public comes more and more to recognize
and appreciate these services, the trust
companies come more and more to NIL
that place in the community TO which
they are entitled by virtue of their varied
forms Of usefulness.
VI. 4 NJ. Earnings.
The business of the Merchants and
Steamship Company. moving to
both Northern and Southern ports
touched by the company. was exception
good, and the traffic continued
heavy throughout the entire twelve
months.
1t is expected that the stockholders
will elect the retiring board Of directors
of the company. No other important
items of business will come up for the
of the stockholders at the
meeting.
No plans have Yet been announced by
the Merchant and Miners Transportation
Company regarding the Panama Canal
traffic but 1t is believed that the company
will participate largely in canal business.
and that ample provision will be made
in due time to handle all traffic that
might be offered.
Bond Award.
Messrs. Strother. Brogden & Co. and
John D. Howard x Co, Baltimore bank |
nrs. have been awarded $4,000 of the per
rent bonds Of Talbot County. Md. A num- |
bcr of Baltimore houses were bidders on
the bonds.