The Washington herald., 1911-04-07
FINANCE AND REALTY

"A field day for investment buying
summarizes the session of the stock ex-
change yesterday. Reinvastment of April
dividends and interest continued to play
leading part in the trading. The ac-
tvities were general, with no particularly
heavy trading in any one security.
One OF the features was the sale of
American Security and Trust Company
stock Ten shares sold at 2ss, one point
higher than the bid price Wednesday
fractional lot of five shares brought
z8h.
There was an advance in American
National stock. The bid price Wednes-
day, when the stock was quoted ex-
dividend, was 1Ss. Yesterday ten shares
sold for T14, with more offerings at H.
Commercial National registered a sharp
advance. Ten shares sold for 1g7, and
1S71e was offered for more stock. On
Wednesday 1856 was the bio price.
The advancing strength of Gas was
still in evidence, and 40 shares sold uni
versally at S01s. The last few days have
furnished further evidence of a bearish
contingent in Gas, and which appears to
be fighting an advance on every eighth
Continued outside investment demand,
however, seems to bring in enough new
business each day to sustain the strength
OF the stock, and as result there has
been an advance OF nearly one point in
the last week
The activity in United States Trust
was one of the features of the session
After twenty-five shares, in three lots,
had sold at lis, the price for two addi-
tional quotation lots was boosted 4 in
each sale, bringing the closing price up
TO 1lS14. the bid price for Tuesday.
Gas IS were in good demand, and bet
tered the price in the selling. $500 worth
of the bonds selling universally at 110b.
The price for several days has been a
Nat 1l0
The failure of the Biblical dove to re-
turn to the ark from its third trip could
hardly have been more welcome to the
imprisoned voyagers than the warmth
and. sunshine of yesterday was to Wash
ngton's real estate brokers. Four days
OF drizZle put the brokers in a state bor-
dering on despair, and threatened Seri-
Gus inroadS on the record breaking early
spring activities. A continuation of yes
terday's balmy sunshine promises to pave
the way for still greater records next
week.
John J. Watson, of Baltimore, repre-
senting a syndicate OF Baltimoreans, has
arranged to purchase the Hotel Johnson,
at Thirteenth and f streets northwest,
and to spend in the neighborhood Of
$4,000 in remodelng certain parts of the
structure. a handsome dining room will
be installed on the first floor. and the
basement will contain a grill room and a
Fergola room.
Zepp Bros, builders and real estate
brokers, have started work on the erec-
ton of sixteen new houses on their sub
division in Pleasant Plains. The houses,
which will be of unique design, will in
clude two stories and attiCs. and will
have six rooms on the first two floors.
a complaint from the Randle Heights
Citizens Association regarding the car
service between Seventeenth street and
Pennsylvania avenue northeast and the
section represented by the association
was considered BY the District railway
commission at yesterdays meeting. The
complaint was against the alleged scar
city Of cars on the part OF the line. 1t
was reported that since the filing of the
complaint several additional cars had
been inserted in the regular running
schedule, and this Improvement. together
with the added accommodations to be
found in the summer cars shortly TO be
put into operation, will okviate the diff
Guilty. the commission decided. The as
sociation will be so notified
The District railway commission is
considering number of important mat
tiers at present but the point where
definite action can be announced has not