The Washington times., 1913-05-15
Brisk BOND BUYING
ON LOCAL EXCHANGE
Investment Business Better.
National Banks Get Million
of Government Cash.

Brisk bond trading was the feature of
today's session of the Washington Stock
Exchange, $a0G09 worth being sol1.
Washington Railway As were soft again
Ss,Oop Potomac Consolidated SIS at l0l.
5000 were obta ned at an eighth less.
making a new low level for the yea.
A block of sI0,ooe OF Capital Traction 5s
: suid q; lcs5,. The other sale was of
,lOe0 potomac Consolidated SIS at lel.
Capital Traction stock remained at
about its recent level. sever snarss SELF
ing AT III ana ~ snarIs al l ia. .
More American Security * trust 500
at 3D and Mergentnaler sold ut 2Aoi1 foi
tsn shares af,er Il. mad been paid tof
twelve.
The national banks of Washington to-
day received sl,Uvl,v0 in cash nom the
Treasury Department as the first de-
poeit of tax money that has beeh COL
Iscted by the Collector of Taxes and
turned into the treasury. The million
was distributed in ratio proportionate
to the amount of inolriduaI deposits
SHOWN at the Aprii call.
The Iron Age says in part today:
The steel trace is iifore impressed with
the rate at which new business is fail
ing on and is more concerned with the
outcome of present tendencies. There Is
the view that fresh buying movement
IL to be expected IN the third quarter
through the release OF business now held
up by tariff and other uncertainties. and
that II will help to maintain present
prices for rolled products. On the other
hand is the growing feeling that lower
values are to be look ed for and that
buyers will be disposed for some time
10 shorten their contract periods and to
specify with less freedom
--------
The Potomac Realty Company. organ
lied about ten years ago for the pur-
pose Of buying. improving. and selling
real estate, has been absorbed by the
Real Estate Trust Company. The stock
holders of the Potomac company ex-
changed their stock at above par for
stock of the trust company. With the
transfer goes improved and unimproved
property. the latter chiefly in the vicin-
ty Of Sheridan circle. to the amount
OF $500, 1000
Among those interested in the Poto-
mac Realty Company were Col. Frank
George Howard. Thomas Hyde. and
John F. wilkins. The company mas
been highly successful Among the
houres IL built and sold are the re- l.
denee Of former Attorney General
residence on New Hampshire avenue
formerly the residence of George VAN
derbilt. and large residence on Rhode
Island avenue occupied, until recently.
by r. Golden Donaldson and sold again
by him. AS a result OF the transfer of
interest. Colonel Denny will be actively
connected with the trust company.
Recently enacted legislation in New
York. New Jersey. and Pennsylvania
Will cost the Pennsylvania railroad
81. lS9, ,065 annually, or the income upon
nearly sA, 900 600 Of capital, according to
estimates just completed by the COM
pany. The total expenditures by the
Pennsylvania incurred on account of
new laws. Federal and State, governing
railroad affairs from August I, 1906. to
January 1. 1913, was $40, ,936134.
In Pennsylvania. the extra crew law
costs $555. .0e5. and the semi-monthiy pay
bill will cost s275,c00 a year. In New
York the extra crew law will cost $10l 16o
a year. In New Jersey, the grade cross
ing BILL II literally enforced. would cost
the railroad over $60.O0o.60o But aside
from that. the serli-monthly pay bill in
that State costs $4,000. the extra crew
law te1s.Ss0. and the drinking water law
SIS 600 a year.