The Washington herald., 1913-03-07
Bank Profits.

I;r"m February % 1872 TO February 1.
1919. nearly a year. the Riggs National
Bank earned $ssi2."S1. Net funds increased
from SLICE 20S to $13,eo1,J.c' The bank
earned &c net funds. II. 10 per cent
on capital and surplus and 81. per cent
Oh capital
Tho Commercial National Bank earned
ss6,G6%l. Net funds decreased from s6,4l..-
aJG 10 S5.NH3. 165. Thr bank earned Is
per cent on net funds. ~ on capital
and surplus and l2.Si on capital alone.
The Farmers and Mechanics earned
FS9,12l. Net funds increased from $1,5Si.-
5I3 to S1f>9,,Hi Tho bank earned 2i2
per cent on net funds. .9l per cent on
rapital and surplus and 1j.16 on capital.
The Columbia National earned SCI. 80.
Net funds increased from s., $4,000 10
s.. 2.iS9. 90 The bank earned Ia on net
funds, 6i$ per cent on capital and
plus and 1l.JO on capital.
The District National Bank earned
sf2.223. Net funds incrca sed from 81. .5i22
80 TO S2.;I9.@A Tho bank earned @15 on
net funds. SCI per cent on capital and
surplus and los per cent on capital.
Bond Market.
Spencer Trash & Co. ir rheir March
circular have this TO saw of bonds:
Tho bond market during the latter
part al tn rl"nth showed substanti !
declines il rany ct IL" active issues
and very attic E!SInSiti"H an tine part
~ investors L" absorb low issues
ThcTt. MAS. how'''N "r. rs is usually th.,
case after a had break in the stock
market Il fairly good demand for sea
soncd railroad ana public service issues
This demand while not sufficient to
aisOrl, all OF the offerings, was 4. Potent
factor in preventing more serious re-
ccssions i'll prices. and If continued will
provide a market for new offerings Of
the better grades In this connection
the statement is r.ade that a food of
new bond issues are being held in re-
serve awaiting more favorable trend
in money rates, but while the trend in
toaning rates has been in the direction
pf easter conditions. bankers as a rule
20 not anticipate easy money until the
business and manufacturing worlds re-
fleet a more decided slowing up than has
yet been indicated
Local Securities.
The general trend Of the local market
was toward higher figures, with fair
trading. Prices were not exactly higher,
save on United States Trust shares,
which were ZIP 81 a share on sales
of so shares at 1S5. Commercial Ma
tional Bank stock brought 2O2 and
small sales Of Federal National were
recorded at 40.
Capital traction sold al ia, showing
slight recessional trend.
Railway shares, both common and pre-
,erred, are holding their own in good
shape. The former sold at s. and the
latter at IS Is. The common was up a |
point.
Lanston sold at So 7-sas6. with 217 the
.best bid for Mercerthaler Both the
bid and asked price of Washington Gas
stock was a fraction higher, S32saSS'i, f,
with buyers and sellers so far apart that |
transactions were impossible.
There seems to be limitless market |
Tor Railway As at So, with considerable |
coming on the market. Potomac Con- |
solidated IS steady at lo1. Washington |
Gas IS l99e,09iG.
Dividcnda.
The Norfolk and Washington Steam |
boat Company has declared the quarter |
y dividend of per cent, Pc yable April |
I to holders of record March 81 The |
books will be closed March 90 to April |
|, inclusive.
The Lanston Monotype Machine Com
eany has declared the o. lSlnl