The Washington times., 1914-04-03
UTILITIES ISSUES
FEATURE TRADING
Capital Traction Stocks Are
Firmer, Rising Slightly After
The Recent Decline.

PUBIC ulllllltS SlOChS dllO JULIUS ds-cliii
were the feature of today's trading on
the Washington Stock Exchange, near
" all the interest of the session haV-
ing Centered around those securities.
The stocks of the Capital Traction
Company were firmer and rose slightly
after the steady decline of the last
several days. Sixty-six shares of the
stock sold at 1O2. which was from y 10
Il point higher than a majority Of
The recent sales AT the close the bid
price was 10l1S while the stock was Of
fered at 101%. The closing figures yes
terday were 1908 bid. with IO1I2 asked.
Tho per cent bonds of the Capital
TrGction Company also %ent up slightly,
following the appearance of a slight de-
mand. No sales resulted, however il
being evident that an effort was being
-aoo TO ascertain the strength of the
bonds.
Two of the $1,000 bonds of the Wash
irgton Railway & Eletcric Company
solo at 81. On the after ell, an ad-
ditional bond changed hand at that
figure.
Fen shares of Mergenthaler sold at
ia. District National Bark, two shares,
the only bank stock figuring in the
days sles. brought l42 a $1,000 bond
OF the Anacostia and Potomac Railroad
Company sold at par.
Railway common WIS stronger.
The American National Bank today is
Eorgeously decorated with large tags
bearing the inscription Boy Scouts of
America Colin H. Livingstone, vice
president of the bank, who is president
Of the Boy Scouts, today purchased
2no of the 50 cent tags, and had them
placed on the front of the building.
Rule for ad in type.
Ii is expected that the required papers
will be filed with the Treasury Depart
ment this afternoon. whereby the char
ter of the new Franklin National Bank
Tenth street and Pennsylvania avenue
northwest, will be issued.
Announcement was made today that
the firm of Bell & Co., for twenty-five
years one of the most prominent finan-
cial organizations in the District, is t.
retire from business May Is, after which
date no more deposits will be received.
Bell & Co. has been located at 1S25-1335
+ street northwest. The firm consists
of Charles J. Bell, George W. Brown,
and William ker. 1t is one of the
strongest private banking institutions
operating in Washington.
The company's customers have been
Informed that while the firm will cease
doing banking business May l5, it
will continue its firm relations until the
business is closed. Bell & Co. first was
s!lVania avenue northwest. Later the
company moved to 1906 G street north
west, and subsequently transferred its
offices to the present street site.
'harles J. Bell, president. also is presi-
dent OF the American Security and
Trust Company.
Tie different phases of negotia bility
was the subject of the address deliv-
cred by Alexander Wolf before the
Ia fWae- T.r.
OF Ranking, at its weekly meeting last
night. The lecture was one of series
on the law of merchants, which is being.
delivered to members of the Chapter.
The general fund in the United States
Practically all the 1900 crop-moving
money deposited with the national
banks last fall. has been paid back
This money. added to what is held by
the Treasury. may be used for de-
rosits with the new Federal reserve
banks, just as soon as they are organ
lied. The new law states that the re-
serve banks may hold Government de-
posits and act as fiscal agents for the
Goverpment. 1t is anticipated that this
money. added to the ca pital subscribed
by the member banks, will make the
new institutions. when organized. espe-
ctally strong and competent TO take
care Of the unusual demands of the
harvesting season this summer and the
movement of the crops in the fall
Protesting against the enactment of
certain antitrust legislation. and ask
ing for the cooperation OF trade or
ganiZations throughout the country in
the fight now being waGed by the Mer-
Chants' Association Of New York to de
feat pending bills. the association has
called on the Washington Chamber of
Commerce TO assist ii in its fight. The
law and legislation committee Of the
Chamber is considering the matter.