Evening star., 1915-05-22
BANK IS PLANNING TO
REMODEL ITS BUILDING
National Savings and Trust Com.
pany Plans Big Improvements
and Enlargement of It's Home.
Local Securities Closed Slow, With
But Light Trading-Treasury
Statement.
BY I. A. FLEMING.

The National Savings and Trust Com
pany has finally decided on the remod-
cling of Its bank building. the chief
feature Of the plans being the addition
OF fifty feet to the east Of the present
home. now occupied by tho west half of
the Lehman building.
1t Is expected that the Improvement
will cost about 3e5o.ooo and that the
work will be completed about July /.
1916.
II was the intention Of the directors
Of the corporation. when the matter
was first taken in hand, to erect a new
marble front structure. but these views
have been modified. The general style
of architecture of the present building
will be preserved. with the entrance to
the banking room as at present. The
entrance to the upper floors will be on
18th street. north of the present en-
trance on that street.
When completed the banking room Of
the company will have width of about
rs feet and will be one of the most
spacious in the city, A new safety
deposit vault will be constructed in
the basement of the east half OF the
building. while the present vault. for
the reason that its location would in
terfere with the entrance to the build
ling will be lowered to the basement
and will be used for storing silver. etc
AS contemplated some months ago. it
was expected that a homo for the
Washington Stock. Exchange and the
local clearing house association would
be provided for. in the plans for the
new building, but there will be no
rooms available for these organiza-
tions in the remodeled structure.
The president and trust officers will
have their private offices on the west
side of the banking room. while the
operating department OF the bank will
be on the east side. A handsome and
large rotunda has been provided for.
Treasury Condition.
The condition of the United States
Treasury at the close of business yes
terday. was:
Net balance in general fund. S14.-
1o1.e3s.
Total receipts. 32,477.5ss.
Total payments, $2.422,34
The deficit this fiscal year is $106.-
s33,s76, against a deficit of s40.317, $50
last year, exclusive of Panama canal
and public debt transactions
Local Securities Slow.
There was but little doing in the
Washington security market today. the
week closing slow. with slight recess
sions in the bid prices on some stocks.
but with no important changes in the
list For the week 1000 bonds, par
value, were traded In. and 1873 shares
OF stock, with Capital Traction the
leader, furnishing 552 shares Of the
total business
The bid price on the latter stock was
lowered to 81, at which price thirteen
shares were sold, but there was none
offered at the close under ss.
washinston Railway and Electric
slightly lower bid prices. A sale Of
Lanston stock at 60k was made, the
only one Of the week.
Potomac Consolidated IS were slow
and easier at 1908 to 1904.
Financial Notes.
The United States Realty and I'm
provement Company for the fiscal year
ended April 80. 1915. showed gross
earnings of 32.s04.5os. as compared
with $3.419.609 gross in the previous
fiscal year. Surplus after payment Of
all charges and interest for the fiscal
year was 3sos.13s, equal to 4ss per
cent on the stock. a. compared with
SIS per cent in the previous year. The
company has a surplus of $1,066,l77
The George H. Fuller Company, one of
the subsidiaries of the corporation. did
sls,233,4S9 worth of work during the
year. and has $11.i9s.o12 orders on its
books.
The net earnings of twenty five
former Standard Oil companies report
ing for the year 1914 show a loss in
earnings of ss3.164.400.
Standard Oil Company of Ohio has
declared the regular per cent divi-
dend. and an extra distribution Of like
amount.
American Agricultural Chemical Com
panys earnings are not likely to fall
under 7.0S per cent on the comm on
Stockton the year 1914.
Call money in New York yesterday
was low, at 1 per cent. last loan at 2
per cent.
BurIington's loadings for May have
increased per cent
Enormous increase in the production
Of alcohol is reported; not for its
usual consumption. but for use in the
manufacture Of powder. The output of
three distiiling corporations for the
next year has been placed.