The Washington herald., 1912-11-05
j Local Fi,lancial I matters.

vas u too stock soQonod ot that pS3oos
of1lpslly asaSsd then slumpsd and
touehsd lev stsr DE session at q - an
Snusuatiy large decline Of nearly. : Q
share Il iaaicatsd the fear Of the hold
en-. oe the sseeck Of fnss sugar. American
1nenrs rues ~ inySree ratio but to no
inhportant ransomt. because this COM
peny. would BE greatly benefited By the
removal OF tha duty.
Looking through the rest of the list.
stsel. csntrsi Leather. and many other
stechs drop1sd early. but in the last
che day Werer made. the market went
lnko, the met important Presidential
election IN sixteen years. erect and with
eeubdeaee Bcee or less supreme. Small
e6lns were the rule, with Northern Pa
ctnc. '0Fe0t Northern. Tobacco shares
and Biscuit especially. nrm and higher.
The action. q money in the New York
market Vas peculiar. It huctuated be-
TWEEN Ia and . per cent the inside
price at tbs close. indicating. perhaps.
the bsginning; OF the return flow from the
WsSt.- !. -.
Many small lots of stocks were sold on
the local market This was especially
true Of Washington. Railway and Elec-
tric preferred. q shares changing own
efshfp In: eight lots. The first sale was
s&t0 IL the last. At % -, indicating
the Mauidation by holders who do not
caro- to 90 any further into the absorp-
tion business, or Who have listened to
so-cslisd merger converse. Consider
abls stock was also taken In over the
counter at private sale.
The common shares Of Washington
Railway and, Electric actually held q
ahade preference. 1t sold at - to ss 7-S,
and the .nnal- transaction was three
shares 1t - "a
wasAinston Gas showed better tone. al
efough On limited scale, the price being
. 3-laB -
A feature wAs the sale Of American Sc
curfty and Trust 1t Sos Q new high for
the stock. Commercial brought s1 s-sa
Is IL
In all. saooo. face value. Of Risgs Build
ing Tong" s. sold at 1os S.
Traction bs were wanted at no IL Gas
= no
Capital Traction shares were offered at
II. With Ii the best bid.
The bid and asked price on GEORGETOWN
Gas shares g1ve no indication Of any like
hho0d Of sales on the local exchange
The best bid n 900 Q share; the aaking
pf1ca. Q4. Sales have been made within
Eixty days ~ high a. $50
~ A'cotrSSpOn0ehS asks this question:
In the event Of the washington Gas
Company distributing its holdings Of
9oorgetown 0as, what would be the mar
ket value of the latter the next day?"
We decline to make any predictions Of
this Kind. Nor 10 there the slightest prob
ability Of the distribution taking place.
u IL all right to speculate. II one wants
60. bot why ask others to speculate on
such blind possibilities?
Business IN Washington 10 At q stand
still. that is, financial ventures OF i'm
portancs. After the election" several
Projects may be advanced or they may
not. Bat II this time effort IN financial
circles 10 confined to . limited investn,~rt
demand and . little larger liquidation in
certain lines.
Money IL close enough, but still some Of
the trust companies seem to have sum-
c3ent to enlarge their loan items mate
rally II there were the right kind Of bor-
fowers.
Building operations on q small scale are
going on with . rush: foreign money
financed the new building for the De-
partmen. Of Commerce and Labor. Sew
eral fair-sised apartment houses await
the post-election season.