The Washington herald., 1914-01-21
MESSAGE HELPS
STOCK MARKET
Presidents Address Favor
ably Received by Business
Men Over Country.
TRUST CONCERNS REPORT
Munsey and American Security Make
Statements-Federal National Bank
Celebrates First Anniversary.
By w. sTEALEY.

The New York Stock Market yesterday
closed strong.
After an easy period of declines losses
largely were made up at the close fol-
lowing the reading of the Presidents ad-
dress on antitrust legislation.
Steel, after falling to s. rs closed at
6 SIS Pennsylvania closed at 1ls L.,
one-half a point above the opening price.
Fractional gains were recorded all along
the line.
New York closely followed the lead of
the London market. where traders had
exhibited a cautious front, and the price
changes at the opening were confined
mainly to fractions. The undertone, how
ever, was strong throughout the morn
ing and early losses were more than re-
covered. The trading element on the floor
generally was disposed to take a bearish
position.
The action of the market did not ac-
curately reflect the favor in which the
Presidents message was received. 1t Is
felt that it fully assures the business
world of immunity from legislation of a
disturbing character.
Local stock Market.
Bonds continued to be the feature Of
yesterdays trading on the local stock
exchange.
Seven thousand dollars in Washington
Railway and Electric As sold at 50, and a
similar amount of Potomac Consolidated
5s at 100. One 500 Capital Traction S
brought los Is and Washington Gas
1OS SIS
Three shares of District National Bank
stock sold at liS a., two shares of Mer-
genthaler at 2l2 81, 80 shares of WASH
ingtou Gas IS 1-2. sixty shares OF Electric
common 50. and Is of the preferred at 80.
Federal Ono Year Old.
The Federal National Bank yesterday
celebrated its first anniversary. Presi-
dent John Poole was the recipient Of
many congratulations from friends of the
bank who called to wish the bank the
continued success which has character
lied its first years business The bank
offices contained many handsome floral
decorations.
Deposits yesterday aggregated $l.42l. .56i.
a gain of over $l32000 in three months
a paid in capital of 100000, and a surplus
of s125.00o. One year ago yesterday the
deposits amounted to Si91 ,9S2, showing an
increase of over $780, 900, a good growth for
a yearling.
The officers are John Poole, president;
n. II. Shea, vice president; c. b. Lyd-
dane. assistant cashier. and ]. j. Darl-
ington, general counsel.
The directors are Byron S. Adams. W.
A. Brown, John II. Clapp, Myer Cohen,
VIM. K. Cooper, J. ]. Darlington, VIM. J.
Eynon, Frank ]. Hogan. w. J. Lambert,
Ralph W. Lee, Arthur d. Marks, ]. ID.
Morgan, J. L. Newbold, F. B. Noyes, John
Poole. ]. b. Scott, n. H. Shea, and Leon
Tobriner.
Munsey Trust Report.
The Munsey Trust Company in its re-
port to the Comptroller OF the Currency
showing the deposits of the company at
the close of business January 13 places
them at s5,251.5S-
This includes the deposits of the United
States Trust Company. The deposits of
the Munsey Trust Company, independent
Of the United States Trust Company,
amount to s1,6Os. 402. The difference. S5.-
through the absorption.
On October p, the date of the pre-
ceeding call of the Comptroller, the de-
posits of the u. S. Trust Company
amounted TO ss,4O5.34 OF this amount
over $4,000 was in Christmas savings
which were paid out during the holiday
season. the total decrease amounting to
3, zS2, ,219
Under the law reports must be made
to the Comptroller within six days after
the call, today being ample time to
comply with the provisions.
The Munsey Trust Company today win |
mail checks to the several national banks |
OF the city, totaling $4,000. This is the |
repayment of 25 per cent of the 81, 0O0, 900 |
obtained from the government through |
the Treasury Department on November |
.. The securities deposited by the Mum |
sey Trust Company, as surety for the |
loan, amounted to S,5O.0O0 and the COM |
pany now will withdraw $4,000, or 25
per cent of its securities. |
American Security Meeting.
At the annual meeting of the stock |
holders of the American Security and |
Trust Company yesterday the old officers |
and directors were elected. The gross |
profits for the<gear were s5sa, ,2s, expenses |
saOS, ,164, net profits 1878 054. Nearly s1S7,- |
900 remained to the credit of profit and |
loss after paying the $4,000 dividend |
January 10.
The comparative statement Of assets |
and liabilities for the last two years is |
as follows:
ASSETS 1872 lsa
Loans ---.-......--......... s. sos lo3 g E,NN 8 |
Stocks and bonds S5S,el2 3.S2Gs z5 |
Bank building vaults. fur
niture, and fItures...... 5I,oo1oo 80 900 90 4
Oyerdrafts aal l6 |
Other real estate. 2,l536 B58 il |
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