Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-11-14
GAS STOCK GOSSIP
Sensation of Yesterday On the Stock Elk
change Not Repeated.
Comparatively Small Dealing Today
Preparations Said to BE Made
for Coming Contest.

The slight furry in the Washington stock
exchange which was occasioned yesterday
by the selling of an unusual quantity OF
gas stock was not continued today, and
the transactions in this security were very
slight. Only fifty shares We're sold and the
price obtained was 5612, advance OF
three-eighths of point over the selling
price at the close of yesterday. One hun
dred shares were offered at 5612, but were
withdrawn, and 81 was offered for one
thousand shares without takers. The trans
actions in this stock were closed with J62i
as the asking price.
1t was regarded as significant by some
that the seller of the day was the buyer of
the bulk of the 2,450 shares which were
sold yesterday, and it was stated that the
seller of these shares expressed his willing
ness To-Day to buy back all the stock at
5Gla.
These two latter circumstances con-
tirmed in their opinion those who believe
that the movement in the stock market
or yesterday was merely an attempt to
raid the stock. Others, however, still hold
to the theory that the stock sold was a part
of the three thousand odd shares which,
it is understood were bought last spring
by syndicate when the prospects were
promising. of the deal for the sale of the
company going through, the purpose being
to secure the difference between the then
pTeNdlllHS market price ana the price Oh
fered to stockholders for their stock, which,
it will be recalled. was 500 per share. AS
the deal did not go through the stock re-
manned on the hands of the syndicate. Ac-
cordins to this view the syndicate holders
are now unloading, although the margin
of profit, if any, Is very slight.
Probable Contest for Supremacy.
The interesting question also arises-Who
was the purchaser of yesterday. This
is a nv
who discuss this subject, although they do
not claim they have any definite knowl-
edge. According to such authority, the
purchasers of the stock sold yesterday rep
resent one of the parties now in the con-
test which, it is said, has already been in
augurated to determine whether the pres
ent management of the company shall be
continued for another year.
1t is asserted that Mr.. Bullitt of Philadel-
phia, or his representative, may now own
that stock, or that the representative of
the people opposed to Mr.. Bullftt and MS
friends. and no name is mentioned in this
connection, may have secured the stock
1t is further stated that a canvass has
already been begun by both parties to secure
proxies from the local stockholders, to be
used at the coming annual election of Off
GERS, TO be held in February next. 1t IS
understood that the two parties are formed
mainly on the same lines that caused the
division Of opinion on the question of the
sale of the stock of the company
At that time, owing ma,ay to the CO.
OPERATION of stockholders in Philadelphia
and this city, the requisite amount of stock
was not secured, and the deal fell through
1t was stated then that owing to the prom
inent part taken by Mr.. Mclean, the pres
iGent IF the company, in this transaction,
and by Mr.. Bullitt. one of the directors
and Of other members of the board, it was
the purpose of those opposed to the sale to
bring shout, If possible, at the next annual
election, a change in the personnel of the
board OF directors. It is now said that
steps have been taken to carry out this
program, and that it is to be vigorously
opposed.