The Washington herald., 1911-04-01
REALTY And FINANCE

The longest and liveliest session of the
stock exchange in weeks was held yes
terday. Prices were strong, and trans
actions exceeded in the aggregate those
of any day during the week. Brokers had
orders to fill, and showed a disposition
to get together on prices. Railway
stocks rested, and quasi-sensational ac-
tivity was left to other lines Of securities.
The call consumed within a few minutes
of an hour. and by the time the after
call .'bickering'' had quieted sufficiently
to permit Of closing, it was 1:30 o'clock.
Lanston led the activity by sound
margin, jumping from the bid price of
Thursday, SO, to 81 at the call. and NOV
ing about at the rate of So shares, of
which all but the last twenty were sold
at the advanced price. The last batch
brought 1875. 1t is understood most of
the buying was for the filling of one
order.
Washington Gas was stronger than ii
has been of late, and after call sold up
to 1875 for quotation lots, with so paid
for a lot and for a fractional lot of two
shares. There were a number of 1873
bids that passed unanswered. and holders
asked more confidently for so.
National Metropolitan Bank got into
the limelsht and took second honors for
activity. One hundred and four shares
changed hands, the first hundred selling
in quotation lots for -. while the frac-
tional sale brought three points better.
Union Trust, quoted ex-dlvidcnd, eased
down considerably from Thursday s
prices. Thirty-three shares changed
hands, the price receding by eighths with
| each quotation lot, the final thirteen
shares selling at 142. Little stock was
| offered.
Second National, which has borne the
brunt of the rumor output of late be-
cause of alleged large private transac-
tions in its stock. received some atten-
ton. but attempts at trades fell through
| for no plainly evident reason.
| Virginia was unusually
quiet: no strong demand OF offerings. 1t
has been rumored the recent persistent
rise was aiming at the 10 mark or above.
| The bid price was 81. with S7i, asked
| for the common stock. with no great
! anxiety either to buy or sell apparent.
| Fifty shares of preferred were sold for 81.
The WASHINGTON and Rockville RAILWAY
| Company, which has been ordered to put
! into effect a reduced tariff schedule b.
the Maryland legislature. was placed in
| tn" hands of a receiver yesterday at suit
| of the parent organization, the Washing
! ton Railway and ElI~tric COMPANY.
Judge Morris. in the District Court Bal
| timore, appointed George WecmS Will
lame, OF the firm of Marbury & Cros-
nell, receiver.
With two new realty firms announced
and a record dav in building permits,
the real estate field was unusually ac-
NE yesterday. Thomas H. Banes. VINO
Tor eight years has been associated with
Percy II. Russell in the real estate field,
announced the opening Of his own office
? 9E; 6 street northwest. Two we'll
krOwn real estate operators, William A.
Craig and DIR. Arthur G Merriam, an
nounced a partnership, under the firm
rame Of W. a. Craig < Co. They will
open offices to-day on the ground floor
OF the new Equitable Building, sic Four
toenth street northwest. Mr.. Craig has
for three years been associated with the
firm of HeiSkell & McLerdn, having had
charge Of the exchange department. His
new partner is a retired physician, who
recently has been managing a large es-
tate.
Permits for the construction OF twenty
seven new houses in various parts of the
city were issued at the Municipal Build
ing yesterday.
James p. Schick. who for the last four
years has been associated with the real
estate firm Of Moore & Hill. Inc. has
entered the practice of law with Wilson
& Barksdale, attorneys. Mr.. Schick is a
graduate of Georgetown.