The Washington herald., 1911-08-23

Railroad Company that its policy Of re
FINANCE AND REALTY
A slight rally yesterday brought SOM
relief from the excessive calm that ha
enveloped the local stock market for tn,
past two weeks, but the relief probabl.
will be only temporary. 1t is not be
neved to be indicative of better condi
tions Immediately. No permanent re
uewal of activity is now expected be
fore September 15.
General Tone Good.
The increase in volume at yesterday.
session of the exchange showed tha
many securities that have been sulkine
of late and keeping religiously out of the
sales record have plenty Of strength
The general tone of the market yester
lay was good, and advancing price:
were the rule. The demand was fair
out with no apparent desire on the part
If holders to unload in a hurry.
Investment Money shown.
Investment buying ruled the session
With bonds favored. In this respect the
session did not differ from others. prac-
tcally all the buying of late having been
for investment with bonds most active
Bond Prices Advance.
There was a general advance in bond
prices Gas IS. which have held at liz
for months, sold to a face value OF
Of hat
$500 bonds brought ITO 1-2 and Ill. Po-
tomac Consolidated IS moved up to 102 Is.
a fractional gain over an old level.
Steamboat IS went up to los, and Rail
way As were strong and steady at S.
and IS 1-2.
Trading Was General.
There was something doing in every
department. Public utilities, banks, in
surance, and typesetting machine stocks
all got a taste Of the awakening. Ian
ston was the market leader, selling 16O
shares, all but the first ten Of which
went at 95 The first transaction was at
IS Is. Lanston was the only stock 10
register more than one sale. Twenty
five shares of Gas went at IS IL: ten or
Commercial National at 200: ten of United
States Trust at 120; ten of Franklin In
surance at IS; 40 4-10 Of Graphophone COM
mon at 4, and 10 $40 of Graphophone pre-
ferred at 20 1-2.
Newlands Behind Bank:
Information, supposedly from an au-
thoritative source yesterday placed Sena-
tor Francis G. Newlands, of Nevada, at
the head of the new national bank plan
ned for Washington, which, as exclu-
sively announced in The washington
hn ho Nk q l.
most entirely by Senators and members
Of Congress.
Senator Newlands already is large
stockholder in local financial institutions
besides being heavily interested in real
estate and suburban properties in the
District.
With Congress away it is understood
the selection Of the site for the new bank
will be announced shortly. At present
valuable Seventh street corner is under
consideration, and while the purchase
has not yet been made. it is understood
that this corner will in all probability
be selected as the site for the bank. II
he Seventh street corner is selected, the
present Improvement will be torn down
md the erection of a handsome bank and
,ffice structure will commence at once.
1t Bank Clerks Convention.
Alonzo Murray, Comptroller of the
Treasury, and E. B. Vreeland. vice
chairman Of the currency commission
that bears his name, will be speakers
IT the convention of the American In
,titute of Bank Clerks in Rochester next
month.
Buys for Investment.
Mrs. Minnie Mohl has bought from
Edwin Dulin the two story new brick
building at 1o25 Twentieth street north
west, for $500. This is one Of three
buildings recently completed, all of
which have been disposed If. The sale
was made through the office Of Shannon
& Luchs.
More Iron Ore.
Figures just made public by the United
State Geological Survey shows the pro-
duction If iron ore for 1910 as 66sSs. 734
long tons as compared with 51155, 437
long tons for 1903, an increase Of 5.734,297
long tins, or 11.H per cent. This refers
only to iron ore used in blast furnaces,
and does not include that used for fiux-
ing precious metals or for the manu-
facture of metallic paint.
The value OF the production in 1910
was s14o 7S5, ,6U, against sl09, ,964, ,s03 in 1909
Burchard, a geologist Of the survey.
Several Properties Sold.
Harry v. Bouic & Co. announce
the following sales: The new store and
hve-room fiat at COS Eighth street north
east, about to be erected by Lewis H.
Emmert, for Johan c. Kondrup, with a
rental value of $500 year, was sold to
local investor for 5000. The build
ing viii have a store on the first floor
and hve-room fiat with porch on the
second floor.
Mr.. Bouic also announces that his
company has sold two OF the new houses
completed by w. c. Blundon In Adams
street northwest. The price in both
transactions was $3.50
New Amusement Park.
The new park to be established by the
Lakeside Park and Amusement Com
pany 10 located Just west OF Bladens-
burg. on what Is known as the old
Carleton Mills property. It embraces an
proximateiy seventy-eight acres of roll
ing ground. with natural lakes and
brooks.
Tho property !. reached over sh.|