The Washington herald., 1907-09-25

Business on the Washington Stock Elk.
change yesterday followed the lines set
for several days past being in compare
lively small volume at advancing prices.
AS soon as the price is set and sale is
made on one Of the more active stocks.
such as Washington Gas OF Railway com
mon. the offerings are put up a peg, and
buyers desiring 20 obtain the stocks are
forced to give higher prices on each sub
sequent transaction. or at least from one
day To another. For ten days past the
local market has been a rising one on
all the principal stocks.
Transactions yesterday were $500 in
bonds and lisp shares OF stock.
Washington Railway and Electric COM
mon was the leader yesterday. Sales
started On with afty-share lots at %, and
sold in big blocks up 10 Sc. One 5J1-share
lot brought 25lz. and 200 shares We're sold
at s. After the stock had an been called
at these advancing prices. the bid sagged
back 20 35la where it was closed. . above
the closing on Monday. This is "a fair
illustration or the movement Of the mar
ket on other stocks where sales were re-
corded. Chesapeake and Potomac Tele-
phone sold a Few shares II %. Morgen-
thaler was strong az 2O5, and ~ shares Of
Lanston came out at llH.
Directors VIII Meet To-day.
Mitchell Mining became quite active
after call 800 shares selling at the recent
market price Of Ia. Il was stated on the
Exchange that the meeting Of the board
OF directors OF the Mitchell Mining Com
pany has been called az the offices of
the company for today. and il is eZ-
pected that some official statement in re-
gard to the affairs of the company VIII
almost Immediately follow.
Little interest in Washington Gas was
awakened until after CALL when one Of
the brokers. who said he must have some
of the shares Tor a. client, paid 20 for 100
Of them.
The bond sales yesterday were Wash
ington Gas Certificates az lHL
Announcement was made yesterday aft
eruoon that the hearing in the case Of
the Georgetown Gaslght Company Will
be resumed before Auditor Payne. in
Equity Court 80 . this morning at 10
August 90 give tile auditor ~ the Gas
light company an opportunity 20 compile
certain information which was lacking at
the time Il was stated yesterday Jhat
both sides % the hearing are now ready
10 proceed. and It is assumed that the
matter viii be settled whether the
Georgetown company IS 20 have permis-
sion % increase its capital stock within
a short time.
Washington Company Ia Follow.
II was further stated by those sup
posed 10 know something OF the plans
of the Washington G8sllgHt Company
that everything is in readiness 10 pro-
coed along the same lines with refer
ence 70 that corporation. and ii is fair
to assume that the present high price
Of gas stock is due 20 the confidence
the promoters Of the plan have in its
success.
Albion x. Paris departed from the
city yesterday % attend the exercises
connected with the unwilling of the
statue II William English, al Lexington,
Ind which viii take place next Sat
urJav.
The Iclg-expected census bulletin OF
the condition of the cotton crop for the
year ended August ! was issued yesler-
day and had little appreciahle effect
upon the market, except 10 add 10 the
ammunition Of the bears who believe
the yield Of cotton this year viii be well
up 20 the average.
The Census report shows 5,l.5.7N3 run
ming bales. taken by all American man
ufacturers. compared with AS2sy) bales
for last year. and 4so1.0ll bales con
sUmed. compared with 5.59.379 bales for
last year.
Manufacturers stock at the close Of
the year was So 27s bales, compared with
6SS.$l2 bales last year. and active cotton
spiudles were 25,242. 40, compared with