The Washington herald., 1908-02-04
LOCAL FINANCIAL GOSSIP.

Business on the Washington Stock EX-
change yesterday was conducted appar-
entity under considerable stress. judging
from the trouble experienced in getting
hold OF stock which was wanted. The
session was much longer than usual, and
President Hume worked hard to bring
buyer and seller together. resulting in a
fair volume of transactions, which were
81, 200 In bonds and 81 shares Of stock,
Peculiar tactics seemed to be resorted
20 IN the sale OF about 100 shares OF Wash
lngton Railway and Electric preferred
In the first instance fifty shares of the
stock were sold at e51z. Then the stock
was bid ND and down and sideways, the
bias several times passing the 66 mark
Finally, after the patience Of nearly ev-
erybody was exhausted, the remaining
shares were sold and recorded at 66,
though at times the bid was above that
figure
same Tactics In Gas stock.
Almost the same thing occurred in the
case Of Washington Gas. TWO sales Of
Washington Gas were made at 6Sls and
6Sil on the regular call. after much dick
eTing for higher prices. After call the
stock was taken up again, and bid up
from about &c 10 60 where a fifty-share
lot was sold. All this time the official
bid price remained at 69is-
II is seldom that the local market has
exhibited such wide range OF prices,
and the situation is hard 10 explain. as iu
each instance yesterday the stock was
sold at a lower figure than the highest
bid. with the exception Of the fifty shares
Of Washington Gas al 20.
Forty shares Of United States Trust
stock were sold after much the same
beating about the bush and knocking
down OF the former bid prices.
Much interest was taken yesterday In
the published list Of the stockholders OF
the Washington Railway and Electric
Company, Surprise was general that the
stock was so widely scattered among
Washingtonians In small holdings. The
list showed twelve persons With LOCO
shares and over. while the vast major
ity of the stock is held by men and WON
en- who have less than 100 shares, most
Of them less than fifty shares each,
Loeb the Largest single Holder.
The largest individual holder Of RECORD
( is William Loeb. with 400 shares; thf
/ next largest. Washington A. Roebling
with 4500. W. B. Hibbs d Co. have 49,
/ 5St shares, and ". b. Hibbs individually
/ 434; +. G. Stevens has $685., jag $. Per
klns holds ~ trust 1906. George a Web
her has $50, Ward Theron, 1855, an,
/ George Truesdeu. 25l1 George II. Har
ries has 1,S1, Clarence NOrment. II1l. anC
/ Crosby Noyes, 1900. Two others have
/ goo each. and these constitute what may
/ be called the big holders Of the stock.
! It was remarked yesterday that IL wa,
now easy 10 see how difficult il had beer
! for any person or number Of persons I,
gain control, even by gathering in proxies
/ II was inferred from a study Of the lis
/ that control was not located anywhere
except in the mass OF stockholders il
/ Washington who would DE influenced
largely by the future good conduct Of M
managers OF the company
/ At the annual election Of the Wash
Iington Gaslight Company yesterday th
old board of directors were elected. an.
at a subsequent meeting Of the director
tho old officers were chosen for the III
suing year. The directors are: John X
Mclean chairman. john McIlhenny
! George T. Dunlop, r. IT, G0idsb0rough
and Milton +. Allies.
The Bankers Association Of Washing
ton viii hold SIS annual meeting and ban
quet next Thursday evening al Rau
scher's