Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-06
PURCHASE Of BANK
SAID TO Be PENDING
Reported Tenth Street Branch of
Trust Company May
Be Sold.

| 1t was reported today on good author
ity that negotiations for the sale Of the
10th street and Pennsylvania avenue
branch of the United States Trust Com
pany, which was absorbed several monthe
| ago by the Munsey Trust Company, have
| been in progress for several days and
| that there is every indication they will be
| concluded in the near future. The iden
| tity Of the prospective purchaser is being
| withheld for the present
1t Is also intimated that the negotia-
tons also cover another of the branch
banks formerly conducted by the United
States Trust Company. There have been
several conferences between the parties
interested in the transaction. it is re.
ported. and the details Of the proposed
purchase are said to have been submitted
to the controller of the currency for his
approval.
A furthe advance was made in the
stock on the stock exchange today. The
broker who has taken a prominent part
in recent sales of this stock advanced the
bid from 1856. the bid of yesterday, to
19S in an effort to bring out an offering
under 205 For single share he offer
ed to pay 1870. The last sale of the stock
was at 1876.
Trading on the exchange today was
fair considering the small number of
brokers present. Activity was about
evenly divided between the bond and
stock lists.
Washington Gas bonds sold $4,000 at
1O71s to 1O7s4, and more were wanted at
the latter figure. The asking price at
the close was los. Capital Traction
IS sold $500 at 100 and Railway and
Electric $ sold $4,000 at 49,
Sales Of Railway and Electric common
stock aggregating seventy shares were
made at S71s, and then the bid dropped
to 81 with the asking price point
at 81 and s7h Washington Gas stock
sold to a limited degree at SAY.
d. Fulton Harris has been appointed
general agent of the New England Mu-
tual Life Insurance Company of Boston.
Mass, in charge of the Washington
office.
Mr.: Harris has been connected with
the insurance company for eight years.
and for the past two years has been
the junior member of the general
agency firm of Wilson & Harris. the
senior member being Franklin P. Will
SON. MIR. Wilson is to retire from the
active duties of the agency. but will
continue to represent the company at
the local office.
Howard s. Reside, who recently gave
up the active duties of vice president of
the American Security and Trust Com
president of the Washington Gas Light
Company. was invited to the home Of
Charles ]. Bell, president of the trust
company. last night, presumably to dis
cuss taxation problems. When he ar
rived there he found that. all OF his
former associates at the bank had gath
cred there to congratulate him upon his
twenty-five years of service at the Amer
lean Security and Trust Company and to
wish him success as president of the gas
company.
In behalf of the employees of the trust
company, Mr.. Bell presented Mr.. Reside
with an appropriately engraved loving
cup. He complimented Mr.. Reside upon
the record which he made during his
quarter of a century of active service in
the institution. A tribute to the work of
Mr.. Reside also was made by Corcoran
Thorn, vice president and trust officer Of
the company.
In recognition of Mr. Resides inter-
est in base ball, and particularly as a
tribute for his having organized, man
aged and personally backed the trust
company base ball team, a chorus sang,
Take Me Out to the pall Game" Mr.,
Reeside sang solo. Theodore How
ard and Benjamin F. Depenbroch told
amusing stories and a quartet, con-
sistine of Martin West, Theodore How
ard and Percy and Harry w. Finney,
was kept busy until a late hour