The Washington herald., 1912-02-18
FINANCE And REALTY

The washington Railway and Electric
issues occupied the greatest amount OF
attention at the meeting OF the local
stock exchange yesterday.
The 4 per cent bonds OF this company
were quite active at S6 IA to s. 3-s. Thir-
teen thousand dollars in the bonds were
traded during the session.
The feature OF the meeting yesterday
was the advance in the price for the
common stock, which reached y IA,
from an opening OF y. thus establishing
a new high record. During the session
275 shares were traded. most OF the buy
ing being done by the broker who has
been active in accommodating this stock.
At one time he bid as high rs u for
the stock but afterward withdrew this
figure. The closing quotations were
n l-2 bid and q "a asked. After cali
the broker offered the asking price for
the stock, but failed to bring about any
trading.
closed at SO 3-s, after 1s5 shares had been
traded. The closing quotations were
/ % IA bid and 90 1-2 asked. The day be-
fore the figures were s27-s and 50 Is,
respectively.
The sale of 10 shares at Ia I-2 was the
only business done in Capital Traction
stock.
Washington Gas stock sold again at
s. for both odd and quotation lots The
Gas bonds sold 5000 at 11o1-2.
Insurance Company Planned.
Announcement has been made of the
organization OF the First National Fire
Insurance Company OF the United States,
a corporation with s1.OO0oOo capital stock.
the central of1ces OF which are to be es-
tablished in this city. The capital stock
value, which will provide both the paid
up capital stock required BY the Federal
Incorporation law, and will give the COM
pany a paid-up surplus equal to the capl-
tai stock. which will be sold throughout
the United States. The company when
organized, will be in every sense ma
tional concern and will do business in all
the leading cities. While several men
prominent I'm local financial circles are
among the promoters OF the company.
only a small part OF the stock will be
held here.
The organization committee consists of
the following members: Justice George
Z. Atkinson, OF the United States Court
of Claims; Justice Ashley NJ. Gould, OF
the District Supreme Court; Charles r.
Carusi. lawyer; Robert n. Harper. presi-
dent OF the District National Bank; FL
bridge F. Jordan. president OF the United
States Trust Company and vice president
OF the Commercial National Bank: Will
lam II. Ingersoll, OF Robert Il. Ingersoll
& Bro. watch manufacturers; Howard c.
Shober, auditor OF the Interior Depart
ment. and Robert ]. Wynne, former Post
master General. These, with others. who
will be announced later, will constitute
the board Of directors.
Six Houses Sold.
Sales Of six houses which were con-
summated during the past week were
announced yesterday by the n. L. Sans
bury Company! as follows: To DR.. ]. r.
Walton. s222 Nineteenth street north
west: price, $500. To G. o. Nichol, 321s
Nineteenth street northwest: price, !
$500. To Joseph ]. Pohlmann, 3i1 Nine |
teenth street northwest; price. $50. To
Mrs. Mary n. McNew. 3617 Observatory
circle: price withheld. To Mrs. Maud A. !
Leech, us Second street northwest: price. |
s. 500 To Cyrus F. Logan, 122S Critten- !
den street, Saul's Addition; price, $3.50 |
This firm also reports the sale Of six |
lots In Sauls Addition. |