The Washington herald., 1907-09-27

Washington Gas was sold yesterday at
10 on the Washington Stock Exchange.
setting the price on a new high level
for the present movement. On regular
call there was considerable Offering OF
the stock at this price. but only two
quotation lots were taken, one other be-
ing sold at "A rs
1t was made fairly evident yesterday
that several holders of shares are ready
10 part with them at Is, really the die
tated price for stock, If the buyers want
it. apparently they can have it.. or could
have had Il yesterday. The knowing ones
say this IS the high point for bidders on
the stock, and It was thought by some
OF them yesterday that probably an ef-a
fort would be made TO hammer down
prices a few points before making pur-
chases.
Such A proposition comes AT a bad time.
The hearing In the case Of the George
town company Is just completed. with
arguments set for October 4. and the
general opinion Is that the company Of
the West End has made a good showing
Of its assets, all Of which will constitute
a strong reason for the court to decide
In its favor.
Washington Company Ready.
with the Washington company prob
ably ready to duplicate the performance
Of the Georgetown company and make an
equally good showing for an increase Of
the capital stock. the conditions do not
seem favorable for a bear movement in
the s2iares. quite 70 the contrary the
ideas Of all are toward higher prices
Mitchell Mining yesterday developed
strength, selling in &-share lots az $50
and $l.67 a share. This was apparently in
sympathy with the higher quotations on
the New York curb and IL is Interpreted
here 10 mean that the preliminary work
Of the directors In the organization Of
the company is passing off smoothly.
The volume of business on the exchange
yesterday was contracted, being Sl.00J
in bonds and 325 shares OF stock
Bank Observes Anniversary.
The eighth anniversary Of the Home
Savings Bank was celebrated yesterday,
the officers receiving the congratulations
Of their friends and the patrons Of the
bank. From a statement issued by the
bank it appears that the deposits on Sep
tember .. 1850. were S9.072. and yesterday
they were $lsl5,7ll, more than Z2 times
the original deposits.
In addition 90 its great expansion IN
the eight years OF its history the bank
has built the handsome banking house
and Office building, part Of which il Oc-
cuDios. at Seventh street and Nv York
avenue. and two branch banks. one In
the northeast and one in the southwest
section Of the city.
The officers are 3. T. Saul. president.
Brice J. Moses, vice president; Alex ).
Clarke, secretary. Howard Moran. treas
urer. and Michael J. Colbert attorney.
Bucket shops Seek New Field.
The solution Of the bucket-shop prob
lem In Washington seems 10 have solved
itself in several OF the brokers joining
the Consolidated Stock Exchange, IN New
York, and continuing in business, some
going 10 Baltimore. out Of the jurisdiction.
and a few shutting up shop. Il is under
stood that the cases before the court will
come to trial in the present term of
court probably before the Christmas hou-
days.
Indications are apparent IN Wall street
that the scare about copper metal has
spent itself. as announcements were made
yesterday in all the letters from broker
age houses that the metal men were out
for new stocks Of copper, and everybody
was hopeful that prices would soon ad-
vance again. Now the talent are wonder
ing what the big spectators viii do next
as an excuse 10 keep down l5ug-over-
due bull market.