The Washington herald., 1911-06-03

1t was concentrated market on the
local exchange yesterday noon. compared
with the diversity Of the previous days
And It was largely due to the activity oi
Washington Gas, which emerged from
the Quietude Of several days. only to sur.
prise traders with its steady advance
and the large number Of shares that
changed hands. Still. there were both
time and opportunity for trading in other
securities and the general good tone OF
the market was preserved.
Gas Activity.
Washington Gas began to come out
early at IS 5-S. and for time holders
were not particularly anxious to let go,
But the bids were SO persistent and
takers were SO numerous that 1t was not
long before the stock loosened up, and
buyers were ultimately obliged to take,
perhaps, more than VISA at first antici-
pated. The bid price was steadily ad-
vanced from the opening Of IS SIS. through
,8 3-4 10 So IA.
Many Shares Sold.
No fewer than 76S shares went at the
opening price. and go shares went at the
top price. Rumors explained the activity
as pointing strongly to a merging of the
Georgetown Gas Company's interests
with those OF the Washington Gas Com
pany as solution of the problem or
supplying cheap gas throughout the city.
The steadiness of the buying. the guam
titles taken. and the rise In the bid price
are all taken to indicate that some
strength was behind the buying.
Whole Market Active.
tiv,o the h,,uipO covforod an
the one stock to the exclusion of others.
During the whole period securities were
bought and scld, but not with the same
freedom as was the Gas Stock Capital
Traction Is brought liz 1-2. while the
stock brought 12s Potomac Electric So
brought los 1-2.
Railway Securities.
Washington Railway sold steadily at
Is. at which price four blocks OF twenty
five shares each changed hands. The pre-
ferred stock sold at So.
Bank stocks.
United States Trust opened at Il6 at
which ten shares were sold, and the price
advanced Y on the sale Of another block
Of ten. National Union brought 5-S at
which 100 shares were bought.
Other stocks.
Mergenthaler was the only typesetter
stock sold. and ten shares went at 225.
Norfolk and Washington Steamboat So
held at 1N.
Realty Dealer III.
Charles p. Stone, president Of Stone &
has not been able to come to
-. -a.~ a.. ..,,ore1 <Say. ava 4. po< 49,
pected to be about until the latter part
Of next week He>has been laid UP with
an attack OF mumps.
Building RemodeIed.
The former home Of The Washington
Herald. In Fifteenth street, was placed
n the hands Of the contractors yesterday
Tor complete renovation. by ]. +. Hen
trick and Charles F.. Norment. When
completed Mr.. Hendrick will have suite
,f offices on the main floor and the entire
building is to be modernized.
EnlaF9es HIS site.
william Watson Lawrence enlarged the
lite of his new ssso.ooo residence. over
ooking Rock Creek Valley. by the pur-
.hase Of two lots, fronting 1os feet on
Belmont road. The purchase was made
through the Office Of Nicholson & McCor-
nick. acting with Swartssll, Rheem &
aensey. The price paid IL said to have
,een $17500.
New Dwelling sold.
The new dwelling at 80 N street north |
vest owned by Robert A. Zachary, was
old to BENJAMIN Whips for $500.
through the Office OF Nicholson & Nc
,ormick.
Postal Savings Bank.
Since the establishment of postal saw
ngs banks In third-class post-onices |
throughout the country have met with |
he postal authorities will test it In = |
rst-class post-ofhce. and that Washlng-
On Will be chosen for the purpose No
efinfte confirmation OF tho rumor 10 OBJ
ainable ct tho Post-onics Department
ere.
sale conARnea.
The transfsr Of the thrse-story and
siiar building. ~ Tourtsenth street
prthwsst was conhrrned yeetorday hyi
,cord Of dssd- Thee peamtnos wefo ~ I
nifty bought By Wss. Yolid who ID I
Inds TO remodei the structnre for bual-
- pprpooee and apastlnauts T6e sn1e |,
- Hade ~ Chafieb 8pt1y. aeting 1or |
= etone estetA
oSs4 ~ TSsnsusy.
lesas1y two 6lllido 1l1I11s = ~ ~,
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