The Washington herald., 1907-10-15
STOCK PRICES RISE
Healthy Reaction Takes Place
in Local Securities.
GAS ADVANCES TWO POINTS
Is Expected to File Petit
fiOn in Equity Court This Week.
RumOrs that II viii Be Contested
FierceIy by Government Attorneys.
metropolitan Bank Moves.

Better prices. better trading, and bet
ter feeling prevailed. yesterday on the
Washington Stock Exchange. The prices
Of last Saturday were in many cases at
the lowest level of the year. and a re-
action was natural 1t came with
bound in some issues, notably Washing
ton Gas, which recovered two points
from Saturdays sales in a few minutes
The transactions were 5000 in bonds and
Isl shares of stock, 90 Of which were
Washington Gas shares.
II is understood that the local gas COM
pany has its petition about ready for
presentation to the court. and that the
document viii be fled within a day or
two, 1t was announced last week thai
the petition would be fled yesterday. but
at the last moment there were some de-
tails In the showing which it was thought
best TO fix up before going into court
Outsiders stili Want stock.
The fact developed yesterday that out
side interests, while feeling that the best
of the cream has been taken from the
milk, they are still anxious to get a p0r-
ton Of the supply before the proposed
distribution is made. If the court grants
the necessary permission to increase the
capital stock.
Some Of those who have watched af-
fairs in the Gas situation carefully for
the last two or three months are Of the
opinion that the washington company
will not have so easy a time Before the
referee as the Georgetown company had.
This opinion Is based upon certain ac-
tivities exhibited by the attorneys OF the
District OF Columbia and the United
States at the hearings Of the smaller cor
poration before Referee Payne. These
persons pretend 10 believe that the at
torneys were simply saving wood in the
former hearing, and that they will spring
several surprises when It comes TO the
Washington company, which will hamper
its attorneys. and possibly affect the de-
cision OF the court in an important de-
gree.
It Is well known that some OF the d.
rectOrs OF the local company are only
half convinced that the best course ito
pursue is TO carry the affairs Of the cor
pOratiOn into court. fearing that oppO-
nents TO the plan OF increasing the stock
viii bring in evidence which will rob the
corporation of half its ammunition in
making an impression upon the court as
TO the value OF It's assets. Anyhow. Il is
said, the gas company will have a mgeh
harder JOB on its hands 70 prove the wis
dom Of the increase OF the capital stock
than the Georgetown company had.
Metropolitan in New Quarters.
The National Metropolitan Bank was In
its new building at the beginning Of bank
ing hours yesterday. and all through the
day, until long after 3 O'Clock, the bank
ing room was filled with friends Of the
bank and It's officers, who called 10 look
over and admire the new facilities, 70 con-
graduate President Parker and his fellow
officers, and to express good wishes for
the future. Thoughtful friends had sent
IN flowers 10 the officers of the bank. and
with the new appearance OF everything.
the banking room, was more Ike the re-
ceptlon parlor in a costly mansion than a
staid bank. the guardian OF millions Of
dollars of the peoples money
President Parker was happy yesterday.
he said he had looked forward a long
while 70 getting into the new bank. and
while he had watched the progress OF the
building at every step. the finished bank
was little better than he had antic.-
pated. Mr.. Parker said the banks Off
cials were deeply appreciative OF the good
things the press and callers at the bank
had said about the institution.