The Washington herald., 1912-02-03
FINANCE And REALTY

yesterday.
! Capital Traction stock was quite ae-
tive on a declining scale. The selling
started at 122h, which Is q quarter point
better than the closing bid the day be-
fore The selling was done mostly by
one broker who disposed Of quotation
and odd lots from this level down TO
To- At the close quotation and broken
lots were offered at 1874. and ms was
the-best bid received.
Railway common took the opposite
course and advanced from 90 to s1h.
The asking price at the close Thursday
was 90 and the bid 5sz. The closing hg-
ures yesterday were SIS asked. and eo5s
bid. The closing selling price yesterday
was the highest level ever reached by
the stock. The trading totaled 40 shares.
Not much trading was done in3Raiiway
preferred. During call two ten-share
lots sold at eoiz. The same price was
paid for one share after call The clos
ing bid was 30. and the stock was sttIl
offered at soh.
The sale OF three quotation lots at sHk
presented the amounti Of business done
IN Wshinsgton Gas stock yesterday. The
bid remained unchanged, and the asking
price dropped an eighth OF a point,
The bond list was fairly active again
Railway Is sold 5000 at S. Potomac
Electric Con IS sold 5000 at Io1S, and
1900 at loih. Washington Gas 5s sold
at llO. and Capital Traction IS at 11oh.
. The quotations for Mergenthaler i'm
proved somewhat yesterday from the
lower level attained the day before The
bid advanced from 2ls to Z17Ik, and the
asking price frem 21sz 10 21sIa. The re-
covery was apparently due 20 the lack
OF selling orders. Ten shares at 2ls was
the only trading done during the session
LAnston sold quite freely at 81.
Despite increased bids no Graphophone
stock is being brought out Private sales
are reported TO have recently been made
at prices somewhat higher than the pres
ent bid price. The profit Of this company
during the year 1911 are reported 20 have
been over 90 per cent larger than those OF
the year previous. The greatest amount
Of business ever transacted by the COM
pany in one month was done during last
December. The January sales show a
3 per cent increase over the sales for
the same period a year ago .
Bonds Are Listed. d
change received notice yesterday that
$4,000 in Potomac Electric consolidated
5 per cent bonds had been listed for sale
The committee was also notified that
the Riggs Realty IS, numbered 1 to 800,
have been classed as short-tIme bonds,
and that those numbered above 800 will
hereafter be known as the longtime
bonds. A fund Of from $1,000 to $4,000
is set aside for the retirement Of these
bonds every year, and those which will
be retired first are the short-term issue.
To Take Southern Trip.
lean Security and Trust Company. Is
planning to take a Southern trip be-
ginning about February I5, which will
include a visit to New Orleans during
the Mardi Gras.
Gas Company Reports.
The annual report OF the washington
Gas Light Company. made to Congress
yesterday. shows that the Isl stock
holders Of the company, holding 10000
shares OF stock. received s6s4.OOo in divi-
dends during the year. There were 5s0I2
meters in use. the average candiepower
of gas furnished, 2-Ss, and the average
was $50. The company manufactured
2,6SL7s4 cubic feet OF gas and SOLD 2.z46y
cubic feet.
In the report the vaiue Of the plant,
exclusive Of working capital, Is stated
to be $l2.7S5,69.ls and the amount OF
paid-up capital stock to be yZ,6Oo.OO.
The name OF John r. Mclean, former
president of the gas company. does not
appear in the list Of stockholders. Mary
Letter is stockholder 60 the extent OF
z. Letter hold ten shares, and Joseph
Letter. the new president OF the COM
pany, has l,5lo
The annual meeting OF the stockholders
OF the Washington Gas Light Company
is to be held Monday at noon for the
election of directors. The polls will be
open from II o'clock until 1 p. m. The
board of directors, under the constitution,
will meet the following Monday for the
election of officers.
Realty Sales Reported.
The Academy of the Sacred Heart or
Mary has purchased the property on the
north side OF Park road, just west OF
Sixteenth street. which has been occupied
by that institution for several years.
1t was purchased from Johanna Schnei-
der through Simpson & Sullivan, real es-
tate brokers, for 81, 500. The property
has a frontage of about $50 feet, with a
depth of 100 feet The improvements con-
sist of a large brick building. occupied
by the academy, and a frame dwelling.
Through the same firm OF brokers the
academy has sold unimproved property