Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-10-01
A BIG JUMP IN GAS
NEARLY FIVE POINTS GAIN IN
ToDAY's SALES.

An advance Of nearly FIVE points was the
achievement of gas stock today at the
meeting of the stock exchange. This ad-
vance was q rapid one from the level OF
yesterdays bid Of TAN up to 70. and was
accompanied with all the hustle and ac-
tivity that usually marks an active day on
the exchange There was nothing like IT
shown in any other portion OF the list and
the entire spirit manifested has been alb
sent from the daily meetings OF the board
for many moons.
number Of the brokers appeared
anxious to buy and it was amid a clamor OF
voices that the rise was achieved to -
and then by rapid jumps to 79A when the
first sale of twenty-five shares was maze:
The bid was not resumed on that lever ana
several sales at 70 appeared TO cneck the
buying for lie time. 1t seemed at n!st
there was more stock at the latter price
than would be taken, but the seller turneo
buyer and one was ready TO take his
place.
Altogether some three hundred and fifty
shares were dealt in. and as there was
some intertrading among brokers that totai
does not represent the bringing out OF that
much stock. 1t was apparent the ADVANCE
made was considered quite sufficient Ior
one day and at the close the bid for the
stock was 70 and the asking price q haIt
a point in advance.
In fact, the principal buyer in the re-
cent movement in the stock was the
principal seller today at 70. and it was
his rather free offerings at that inquire
that seemed to check the course OK the
buying. However. it was subsequently
resumed. and fractional advances were
came bidder at 70.
The entire range OF the trading was
from 79s to 10. the bulk of the trans
actions being at the latter price
la
is due to the knowledge Of what Is pro-
posed to be done in the application 10
the District court for the right to make
a new issue Of securities based upon the
value of the property. Exactly what
this change will mean to the Individual
stakeholder, Of course, cannot be def,
nitely. at least generally: known until
the papers are filed with the court.
There are those who claim to have q
pretty good inkling of what Is going to
be done. and, of course. there are others
who are making as Intelligent guesses
as possible. and between the two the mar
ket is made for the stock at the higher
figures There is no limit set as yet
when this upward movement Will Do
checked, but 1t is evident large number
of the stockholders on this occasion, as
on previous ones taking their
chances of doing better by holding on to
their stock than parting with II at the
current rates.
1t is stated. however, that quite a good
deal of stock has been added to what Is
generally termed the floating stock, which
is the small proportion Of the entire issue
that Is available for market trading. 1t re-
mains to be seen whether those who sold
at the figures current in the last movement
of this stock. and the present one are go,
Ing to do better than those who have hello
on.
1t Is stated that complaints have been
made by some stockholders at the mystery
which surrounds the policy of the COM
pany in this particular and the absence OF
any exact. or, in fact, any Information on
this subject, at least in the possession OF
any one who speaks with authority.