The Washington herald., 1911-05-24
FINANCE AND REALTY

With only five commodities showing at
all on the sales record, and most Of these
in very limited amounts, the session of
the stock exhange yesterday paid trib-
ute to the effectiveness Of the weather
man. The five lines showing represented
only three companies, the Washington
Railway and Electric Company. the Capt.
tai Traction Company, and the Potomac
Electric Power Company.
Potomac Electric Leads.
Potomac Consolidated IS were the lead
ers in activity yesterday. Sales aggre-
eating $4,000 in face value were made.
the price remaining at the same level
100. Yesterday maintained the active in
terest that has been displayed for some
time past in these securities. buying be-
ing attributed to interests thoroughly
familiar with the property, who are in
the market for good securities making
such a return as this issue does at the
present price.
Quiet Demand for Traction.
Capital Traction. while not active.
mainfa aimed its good front 1t is notice
able that all offerings around 127h are
quietly absorbed. There is no question
that about 100000 Of the first mort
gage bonds now held in the treasury will
be pro-rated among the stockholders In
November, and this. together with the
fact that the stock is at the present
price, an income return of 4 3-4 per ent, is
probably the reason for the present sta
bility of the shares.
Interest in GraphOphone.
Some renewed interest was shown in
Graphophone preferred, and against bids
of %, free takers of this stock appear
to be in the market at Us. The market.
however. developed only meager offerings
at 2s. 1t is known that the company Is
doing a very comfortable business. but
whether this holds true to an extent
which would make the shares more valu-
able cannot be ascertained outside OF the
management, which is not disposed to
make public at the present time the fully
increased business of the company.
New York Runs Short.
From requests by large financial insti-
tutions in New York, for application
blanks to the subscription OF the new
Panama Canal bonds. it would appear
there is an unusual interest shown in the
loan irrespective of the fact that these
bonds are not available for bank circula-
ton. Local bankers reported yesterday
that they were inundated with requests
for these subscription blanks, which gave
out at the New York sub-treasury earlier
in the day.
Commercial National Elects.
At a meeting of the stockholders Of the
Commercial National Bank yesterday.
Wilton z. Lambert. w. H. Lynn, A. z.
Randle and John Poole We're elected di-
rectors of the bank. The first three men
were directors of the National City Bank.
which recently merged with the CONNER
cial National Mr.. Poole is at present
cashier of the Commercial National.
Judge Barber to Build.
Judge o. NJ. Barber. Of the new Gus
toms Court. is the latest Of the circle Of
jurists in Washington to plan the erec-
ton of q residence. Judge Barber has
purchased, through the Office of Thomas
Fisher & Co.. a lot 43 by 165 feet. on
Kalorama road. near the palatial new
Lawrence residence. He will erect
handsome detached residence. Judge Bar
Der paid about 81 foot for his new
property.
Few Attend Auction.
The four-story brick building. occupied
by the Postal Telegraph and Gable Com
jany, at 13i5 E street northwest, was
withdrawn from the bidding by the trus-
tees, after being put up for auction yes
terday afternoon. The auctioneers were
Thomas J. owen & Son. Because of the
heat 1t was impossible to attract the
degree of attention the importance of the
sale demanded. The highest bid was one
by Daniel Loughran, who offered $4,000
Twentieth Street Sale.
The three-story brick residence, 1929
Twentieth street. has been sold through
the real estate office of Shannon &
Luchs to R. A Maurer, who will occupy
the property as his home when entirely
completed. This Is one of a row OF
fourteen houses now being built by Mid