The Washington times., 1911-02-21
GAS SHARES FIRM
AND ACTIVE AT 50
Insurance Company Sold,
Commercial Bank Adopts
t-Sharing Plan.

Washington Gas shares came to the
front again today after their old time
manner. They not only commanded the
greater part of the attention of the
session, but the total sales recorded
reached 1000 shares, including one 500
lot that was quickly absorbed when
offered. There was only one price,
so a share, a slight advance. The
of the market for the stock
was the point worthy of comment.I
Half of this amount OF stock thrown
on the market during the last few
days might have broken 1t for a point
or even a greater loss, but the con-
stant efforts of would-be buyers to
cause a reaction having failed they
met the price and absorbed the stock.
The close was 79B bid and so asked.
A few more days with so many buy
ing orders scattered around the room,
would probably absorb the floating
orders at that limit and enable high
er figures to be stablished.
The bonds were also in good demand,
the usual price of ITO being well main
tanned.
The market showed a much larger ag-
gregate of transactions than have been
recorded for some time. Next to Gas
the common shares of the Washington
and Virginia Railroad Company were In
high favor, and very active at 3lA, with
a close at 81. Small sales of railroad
preferred were made at Sc.
The first sales of the Bank of Com
merce and Savings shares, since the
change of name from Dime Savings,
were reported at y.
In the bond list Potomac Consolidated
lnI OLD IL
vance. and $4,000 face value Gas SIS
at 10.
Owners of 1900 shares of the capital
stock of the Commercial Fire Insurance
Company have signified their willing
ness to accept the bid of a syndicate
for their holdings on. the basis OF SIZE
a share, and deposited their stock with
the District National Bank in accord
ance with the terms Of the agreement.
In turn the syndicate has deposited
with Robert n. Harper and w. F. Hoge,
as trustees, the sum of $4,000 cash 10
pay for the shares as they are present
The stock must be paid for on or be-
fore the second day OF March. This
large sum will be distributed within the
next week and will probably find its
way into reinvestments in local Sc
curities within the next few days.
1t Is not known whether the buyers
of the 1900 shares will consent to pur-
chase additional shares of the Com
mercial Fire Insurance Company stock
or not, the time for deposit having ex-
pired.. The business will continue as
usual, and the holders of the other
1000 shares will, Of course, participate
in the profits.
Application for a charter for the Mer-
camille National Bank will probably be
filed today, or at the latest tomorrow.
The directors of the Commercial Ma
tionaI Bank at recent meeting decided
to put into effect the principle of proht-
sharing with the officers and employees
Of the bank.
At a dinner given by the bank to Its
entire force at the Commercial Club a
few days ago, the plan was announced
by the officers and enthusiastically re-
ceived by every one present. While the
details of the plan have not been made
public, II is known that 1t is on a most
liberal basis.
This proposition is an entirely new
feature in Washington banking. 1t has
been tried elsewhere and proven an un-
qualified success, having as its object,
Of course, the making Of every officer
and employe of the bank feel that he is
a partner in the enterprise and that
aside from his salary there Is an addi-
tional compensation to be paid him,
thus developing in every one constant
study of the business with a view to
an economical administration with
higher efficiency and a large volume of
business.