The Washington herald., 1911-03-30
REALTY AND FINANCE

Although not as lively as on Tuesday,
local securities attained a fair degree
of general activity at Yesterdays meet
ing of the Stock Exchange. Trades
Were not unusually large. individually,
or in the aggregate. but n tendency to
watch for developments in the various
lines that have attracted the largest
share Of attention in the last month
was evidenced by the members
Slowly but noticeably Washington
Gas is pulling below the 50 mark. SEEM
inEly as the result of quiet but per-
sistent pounding. For several days the
former 1875 bid had been the asking
price for what few shares were offered
below 81, with no greater activity at
lower figures. Another slight recession
was brought out yesterday to the OK
tent of 100 shares. which sold at 1874,
This figure held as tho asking price.
moreover, and tho bid price registered
as low as 7f's. The strained selling re-
Gently is taken as an indication that
holders who had expected a rise over
30 TO result from tn" breaking Of the
1850 deadlock. have tired or become
discouraged. and are wiling to let 30 at
small concessions.
Virginia common, which has been
carefully sustained and regularly ad
vanc"d by bids from certain quarters.
held steady. but was not as active as
usual. Fifty shares sold at 81. the
price paid for tho last lot Of twenty
five shares sold Tuesday. At that s"s-
sion zoo shares changed hands at prices
that advanced by eighths from sc Z
to 81.
Five shares OF Railway common sold
at the high mark of 81. after which a
lot of 30 shares went at a recession of
on" point-36-the selling price of
Tuesday.
During the call. Railway preferred
sold ten shares at S9l,. and after call
a block OF five shares went for -.
National Bank Of Washington led the
activity in bank stocks, selling at FL
and 2I02t. after considerable picker
in-" and cross-questioninS as 10 offers
for blocks OF 100 shares. one broker
acquired ten shares for the higher price
and subsequently sold it back al the
lower figure to the member from whom
he had acquired it
Bonds were quiet and steady Trac-
ton - We're traded in a: IL Railway Is
ri S5i4. Potomac consolidated ~ al 100
and Chesapeake and Potomac u at Ioi
It is expected Washington will be
named in the next batch OF postal saw
inSs bank designations TO be sent out
by tho Postmaster General Mr.. Hitch
cock recently ha> named Z rty-fOur addi-
tlonal depOsitorI-s in as many States and
Territories.
National banks in all sections Of the
country. except in N" Western and
Pacific States. have ma le gains in loans
and discounts during tho last month. ac-
Cording to tn" results sent in following
the call issued recently by the Comp
troller OF the Treasury.
With a session which lasted until s
@ clock Yesterday evening. the currency
commission Of the American Institute
Of Bankers concluded its conference with
the National Monetary Commission The
fourteen out-of-town members will have
left for their homes before noon to-day !
II i understood the various conferences /
we're most harmonious. and that the A.,
IDEAS Of the currency commission will |
r" adopted to a large degree in work |
IN the proposed AIdrich currency legis- |
Ia ton.
1t was generally admitted yesterday
that IarS" blocks Of Second National /,
Bank stock recently have been acquired !
by three w"ll-known local business men !
and shat an invI-orated pole may re- |
suit II IS understood tho NV powers !
will work in harmony with the present !
officers OF the institution.