The Washington herald., 1911-04-05
REALTY AND FINANCE

Fluctuating between s01s and sou, but
always showing a bullish tendency,
Washington Gas led other securities in
point OF activity at yesterdays meeting
| of the exchange. Nearly 800 shares
changed hands, of which 1872 went at
SOS. Sixty-nine shares were sold for
So1s, and twenty-five went at S0A, the
closing price. fractional lot brought 81.
The ups and downs of Washington Gas
in the last two weeks have been the
cause of no slight comment on and off
the exchange Following what was prac-
tically a deadlock, about two weeks ago,
with 50 asked and 1875 bid, active buying
brought the price down gradually until
1t touched 1885. Last Friday the market
stifened, and in the last three days the
stock has advanced steadily. Yesterday
was the first time the advance was
marked by free buying.
After several days of nonproductive ac-
tVity in shifting the figures on George
town Gas, fifty-nine shares of the stock
sold yesterday after call at so the best
price the stock has reached in more than
two years. Three sessions of the ex-
change have seen the breach between
rowed more than thirty points and yes
to-day an advance of five points on the
bid and lowering of a little more than
one point on the asked price brought
about a sale.
With large attendance Of brokers
and fair gallery. yesterday brought out
something of interest to all on the ex-
change. 1t was one of the best days,
generally speaking. in weeks. The aggre-
gate of sales was heavy and the trading
general The buying in the main was
the reinvestment of April dividends and
interest money
The bond list claimed its share Of the
general activity. Gas Us. Potomac EIec-
trio IS, and the new bonds of the steam
boat company were in good demand and
Inquired conspiCuously in the trading. The
steamboat securities. which have only
been listed three days, but have figured
in private transactions for weeks sold
at lc2l2. Including after call sales, 81. 900
in Gas bonds changed hands, selling
Universally at 10.
WaShington-Vi Virginia slunbcred on
The sale of lot in Ninth street near
New York avenue, improved by a one
story building. was reported yesterday
by stone & Fairfax. The purchaser
local business man, proposes to keep the
property as an investment. The price
paid was so foot
The following officers and directors of
the Columbia Insurance Company have
been elected: President. William f. Ed
monston: vice president Frank J. Lewis:
secretary. Louis r. Peak: assistant sec
rotary. F. IT. Ridgway: directors. Wat
son F. Clark. a. T Coumbe Robert D
Weaver. Albert F. Marsh. William f.
Lewis. Frank McClelland, and Frank p.
ReeSide.
The three three-story residences at
2FG-S-1O Fourteenth street were Dur
chased yesterday by Rignald w. Beau.
vice president of Moore 6; Hill The pur-
chase was made from AuIick Palmer and
Mrs. Kate c. Hayden. Each OF the lots
Is IS by rs feet, and the purchase price
was 5000. Mr.. BealI intends TO expend
800 in remodelling the old houses into
stores and apartments
Charles W King. jr.. local builder,
has purchased a lot IS by f46 feet on !
the north side OF X street, between |
Twenty-tifth and Twenty-sixth streets. |
II" intends to erect a warehouse upon |
The site
He has also bought a,713 square feet !
If ground with a frontage of eighty-two |
'eet on the south side OF I street. be-
.ween Twenty-ffth and Twenty-sixth |
streets, upon which he will erect six |
houses. Both purchases were made
through Stone & Fairfax.
Percival D. Emmert and H. V. Bouic
lave purchased plot of ground having
ninety-foot frontage on T street north
west, between Seventh and Eighth
streets. They will build seven stores on
he property. 1t is also their intention
o erect four stores on a piece of prop
.rty with a fifty fOur-fOot frontage,
which they have purchased on the south
ide of L street. between Vermont ave-
Tue and Ninth street. The total cost Of
he building operations will amount to
2, 200.
Tho proposed banquet for real estate |
.ealers and others interested in local
ealty matters continues TO grow in ia
or among real estate men. Charles W.
fairfax, member OF the firm of Stone & L
fairfax, remarked yesterday that one of
he chief advantages to be gained from
UGH an affair would be the bringing
oSether of real estate men who are in
crested in distant parts of the CITY 1t
would, he said. give them a chance to
ak over improvements and possibilities
f development in their different Sec
ions.