The Washington times., 1911-05-24
WASHINGTON GAS
ONLY ACTIVE STOCK
ON LOCAL MARKET
Was Also Strong, Selling to
80 l-2-Mergenthaler
Higher.

Washington Gas was again the only
stock in which there was any activity,
| and even here but moderate trade was
| reported. Another advance to s9k oc-
| CURED and this time maintained. The
i Street Is inclined to be bullish and ex-
pect highest prices to be passed basing
the opinion on the character of the buy
ing which is generally termed good. Ac-
cording to reports the theory Of mel
| ons,'' cts, or in other words the reason
for the recent advance lies in the theory
that the Government will some day buy
the property now known as the West
Plant, covering a number of blocks at
Twenty-sixth street and the river. Then
the Georgetown Gas Company will buy
the Washington Gas Company, and
the real work OF financing the latter
will be undertaken.
Mergenthaler sold up to 224% on good
earnings. Metropolitan National shares
brought 2221s for a 10-share lot and 30
for small lots. Commercial National
was the only other bank appearing on
the sales list, 22O the price.
Graphophone preferred, Is.
Only one bond issued figured in the
days transactions, a sale Of Gas SIS ~
no
1t is probab that the per cent
bonds Of the Riggs Realty Company
will soon be listed on the local Stock
Exchange. The issue is an even million
dollars. and the bonds are considered
high grade and especially desirable.
They cover the property between the
southeast corner OF Fifteenth street and
Pennsylvania avenue and the National
MPfTnn0lif1n H.
proposed improvements, a large modern
office and theater building. These bonds
were sold to syndicate, composed of
the Union Trust Company. Bank of
Savings and Trust Company and Amer
tcan Security and Trust Company, each
taking $200, 200. They have sold at pri-
vate sale at 104.
change will give the market another
high grade issue that will find favor
with Investors.
On the Philadelphia exchange yester-
day the common stock Of the Washing
ton and Virginia Railroad Company sold
up to 80.
A. G. Plant & Co., bankers have Sc
cured lease on the basement and main
floor Of the building 1415 G street
northwest. These quarters were for
nerly occupied by the West End Bank,
the international Banking Corporation,
Harper 6 Co., and the District Bank.
Washington's first arcade is now be-
ing constructed through this building
and II will be continued through the
Evans Ruilding to New York avenue,
connecting the G street financial dis
trict with the Fifteenth street banking
section.
The side of the arcade Will be finished
on the east with marble slabs. on the
west with marble slabs and plate glass
A. G. Plant & Co will have a main
entrance from G. street and two en-
frances from the arcade. It is an es-
pecially desirable location for the FIRMS
business, one Of the entrances from the
arcade being directly INTO the custom
ers' room. The firm is the Washington
correspondent Of Bache & Co.. Of New
York city. one of the oldest Of the New
York Stock Exchange houses.
Tho owners of the Bond Building have
proposed To lower the entrance to IA
Fourteenth street northwest tc side
walk level. and make other improve
rlcnts in the property for the Citizens
Savings Bank. The latter institution Is
now a tenant Of the Bond Building, but
the quarters are entirely too limited for
the growing business. The directors
have decided not to buv at this time.
and are now considering the tender Of
IA Fourteenth street. at present occu-
pied by A G. Plant & Co.