The Washington herald., 1911-03-19

Local securities moved around without
much excitement and with comparatively
slight tangible result at yesterdays meet
ing Of the Washington Stock Exchange
There was considerable doing in small
blocks in the course Of an uneventful
session.
There was some attempt to get in line
for the SSO0,00o issue of per cent bonds
of the Norfolk and Washington Steam
boat Company, which as yet are unlisted,
with several apparently eager TO buy in
small lots at l01 and one holder asking
l2. After some little pickering 5000
went at 1o11S. Two bidders went after
another $1,000 for the same price. and
after the close the toss of a coin set
tied the sale. after one had raised his
price to 101 5-S too late in the transac-
ton to count.
Washington Gas stock held strongly
at so, and two fractional sales were made
at that price There was a good deal
for sale with the bidding at 70 7-S-a rise
of Is over the bid price for Friday-but
the sellers held out for So and further
prospective sales were not consummated.
From the general tenor Of recent activi-
ties in Washington Gas stock, it is be-
for investment purposes.
There was considerable nonproductive
activity in Railway common, Sc being bid
for any part of 1000 at the close, with
none offered. Washington and Virginia
Railway common showed some little ac-
tivity, and eased down slightly. Two
twenty-five share blocks went at 3511, a
decline of 4 from the bid price Friday.
when, however none of the stock changed
hands. Three more blocks of twenty-five
shares went for Is less, and the closing
price was 352s bid and S51s asked.
The bidding on Georgetown Gas during
the call of the list, after jumping l point
from Fridays closing price, at the open
ing rose another point to So, with none
offered. Twenty-Five shares were de-
manded. This is the highest point reached
by Georgetown Gas lately, and is another
step in a steady rise which began at 50
the first of the year. 1t is supposed the
maturing plans for the extension and i'm
provement of the company's plant are
responsible for the upward tendency of
the stock.
1t is understood that money for pro-
posed improvements will be rdlsed by
an issue of bonds. The company now
has outstanding $1,000 in per cent
bonds, which are at a premium of 1OS.
1t is believed the new issue, IL one is
decided upon, will be offered to stock
holders at par.
The ordinary receipts of the Treasury
yesterday exceeded the ordinary disburse-
ments 0ess repayment OF unexpended
balances) by S1.S25, IS, bringing the de-
icit for this month down to $616, ,797 81,
and for this fiscal year to $i,414 1000.
The $4,000 issue of per cent bonds
by the Potomac Electric Power Com
pany, which has not been formally an
nOunced on the exchange, is believed to
have been bought intact by a syndi-
cate, which took the bonds over at par
and interest, less l per cent commission.
The rumor that the Bank of Wash
ington would move uptown and occupy
offices in a new building, to be erected
for the bank by the Arlington Fire In
surance Company, was again in evidence
and again promptly and vigorously de-
MED by the banks president.
1t is believed the Washington Clear
ing House Association Bankers Associa-
tom will vote to entertain the Ma
tionaI Monetary Commission at a dinner
some time this spring, when the ques-
ton is brought up for consideration at
the annual meeting at Rauscher's Tues
day night The monetary commission is
to convene in this city shortly.