Evening star., 1913-12-06
LOCAL FINANCIAL NEWS.

Transactions in public utility bonds fea-
tured at the meeting of the stock ex-
change today. There was an unusually
good demand for the bonds, the buying
being done largely by the representatives
Of banks.
Washington Railway and Electric As
sold to the extent of ss,tvo at the uni
form price of so, and then the bid drop
ped to 1913. The asking price at the
close was S0A.
Potomac Consolidated os sold $4,000 at
GSA At the close the bid was 1856 and
the bonds We're held at 80. Capital
Traction 5s sold $500 at 10I1..
A sale was made in government bonds.
which seldom figure in the transactions
on the local stock exchange. A United
States regular 3 per cent bond of the
500 denomination brought 1O2-
An advance of 20 points in the bid for
Chapin-Sacks stock attracted consider
able attention, but no trading resulted.
For several days the quotations for the
stock had been 1863 bid and 200 asked.
At the close today they were $50 Did and
200 asked.
Railway and Electric common sold to
the extent of twenty-five shares at S61a
and two-share lot brought 81. The clos
ing bid was S6A and the asking price 81.
The asking price the day before was S.
Twelve shares of the preferred stock
sold at 81 and the bid for quotation lots
was S614 and 80 asked. Capital Traction
stock sold six shares at 112h.
Washington Gas stock sold at 81 and
S4L, which was the asking price at the
close, with S3s4 bid.
In the bank list three shares, of Union
Trust brought 132A and twenty shares of
National Metropolitan brought $50. This
price was bid at the close with none of
the stock offered.
The United States Trust Company has
through its board of directors issued
call for a special meeting of its stockhold-
ers, to be held at the company Office,
northeast corner of 18th and II streets
northwest. Monday, January >. 1914. at
4 pm. The call is 'for the purpose of
passing upon the action of the board OF
directors at its special meeting of No
vember 21 1913, in pledging the assets of
the company to the Munsey Trust Com
pany as security for guaranty by the
Munsey Trust Company and Frank A.
Munsey, that depositors in the company's
banks should be paid in full. If demands
were made, and in agreeing with the
Munsey Trust Company for fair and i'm
partial appraisement. of the assets OF
the United States Trust Company, and
a distribution of the stock of the
Munsey Trust Company as according o,s TO
plus interest at o per cenl,
90 the stockholders OF the United States
Trust Company, in proportion 70 thefr
interest in the net assets of the Unlted
States Trust Company, as so appraised,
for their stockholdings in the United
states Trust Company, and Tor the
transaction of such other business as
may come before the meeting.
The stockholders are also notlfied that
Tho annual meeting will be held Tues
day January IS, 1914, at pm, for the
transaction of such business as may
come before the meeting.
The formal proxy ACCOMPANYING the
notice designates Tucker Is. Sands, VIII
liam p Meredith and Bert T. Amos as
attorneys and empowers them to vote TO
approve and ratify the action of the
board of directors at its special meeting
of November II, 1915, as set forth In the
call for the meeting, and contains 1ur-
ther proviso. with the optlon Oh any
stockholder to receive cash instead OF
stock and all acts in consuinmation there
of -