Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-16

1t would not be very much out Of the way
to give as an explanation Of the lack Of
interest shown n the trading at today's
meeting OF the stock exchange that the
minds OF the members were absorbed In
real estate deals. for all OF the three trsn-
sactions in property that have bear an
nounced during the past week az occurring
at and In the vicinity of 18th and II
streets have been made by members Of the
exchange.
Or course. the names OF those said to have
taken an option on the old church property
were not given. but the genera, idea is that
the principal member OF the syndicate t-,at
Is popularity supposed to hold such an
option is also o member u the exchange,
although he never attends the daily meet
ings.
In addition to the deals referred to above
1t is also stated that options have been
secured other pieces OF property and
that those who are active In that sort Oh
transactions are also on the board II Is
likely that more deals would be made IL
1t were not that the owners OF the prop
erty along street and IN the vicinity have
increased the figures that were placed on
their holdings as soon as they heard OF
the sale OF the Colonial Hotel, and so It Is
likely there viii be lull In further active
dealing II Is not uncommon for ten and
fifteen thousand dollars to be tackled on to
the prices of property so that any further
sales would be on an advanced basis.
What has been done thus far In securing
of property Is believed to be for the pur-
pose Of extending the business section OF
the city and naturally the members of the
board are interested in anything of the
kind.
The actual trading at today,s meeting of
the board did not amount to much except
10 nr.A ~ TO- n~~A 49, t,<a
the marketing of large block of the per
cent bonds of the gas company. amounting
In all to about $15.oo0 and II was supposed
that these formed part Of large block
which has been referred to several times
as about to come on the market. In dis
posing of the lot the prices went OF some
what, but only fractienally. to 1O4A.
A broker evidently had about 200 shares
of Firemen's Fire Insurance Company
stock for sale and managed to get rid OF
1t all at fractional figures above % Owing
to cross-tradiug the total of the dealing
in this stock ran up to about double thae
amount.
trading In the preferred stock OF the Wash
ington Railway and Electric Company, with
the exception of the sale of fo-share lot,
which brought 90h4. notable as being the
highest patd for this stock for some time
past and, in fact. since the decline set In.
Telephone stock. for some reason, was in
demand, and IN consequence an advance
was made in the bid price OF nearly
point and a half. This bid was made TOR
twenty-five or Atty shares and such lots
were to be had at an adanvce of half
point over the bid, which was SO.
The change in the bid price for Mergen-
thaler about represents the amo'snt OF the
dividend. for the payment of which the
books have just been closed.
A new storage company has entered the
field, having erected a large building on u
street near 18th street The new concern
is known as the Fidelity Storage Company.
of which Mr. Justice Brewer Is president
and Mr. James l.. Karrick Is treasurer and
manager The capital stock is 100000, and
the amount spent on the purchase OF
ground, which is sufficiently ample to allow
for future growth and enlargement and in
the erection of the building is $250eO0.