The Washington herald., 1912-02-22
FINANCE AND REALTY

Railway common established new
high level at the meeting OF the local
stock exchange yesterday, when It sold
at 7sE. At one time during the session
the bid for the stock advanced as high
as 7nk without bringing out any stock.
The closing quotations were % bid and
7ft asked.
railway preferred sold from % down
to s2si, which Is a slight decline from
the figures OF the session the day pre-
closing bid was s2H and the asking price
sz5s.
Railway Is sold again at ss1i.
odd and quotation lots Of Washington
Gas stock sold at ssk. which is a slight
advance over recent figures. At the close
the stock was to be had at SSa, while
the bid remained firm at S4.
Potomac Electric consolidated IS were
fairly active again at l0laI Washington.
Alexandria and Mount Vernon IS sold
at -.
Company Issues Statement.
stockholders Of the American GRAPHIC
phone Company have received state
ment Of the business OF the company TO
December 81, 1911. which sets forth that
the net earnings from all sources were
sac, $685. As against a surplus January
], 1911, Of S963, ,37s2 q, the company Janu-
ary /, 1912, had a surplus OF 800, 0,Sal.S
VIII Build Theater.
A deed was placed on record yesterday
transferring property recently acquired
by Miller Brothers at FT-421 Ninth street
northwest, adjoining the Imperial Thea
ter, TO the District Amusement Com
pany. The consideration was $4,000 sub
ject 10 a deed OF trust of $1,000. Miller
Brothers are the principal owners in the
company, which now owns
and operates the Leader Theater, in
Ninth street II is understood that
theater will be erected on the recently
transferred property.
Buys Large Tract.
A large tract OF land in Wesley Park,
near Forty-seventh and Albemarle
streets, has been purchased from Galen
L. TAFT and others, trustees, by Andrew
Curly. The consideration In the trans
action has not been announced.
Buys Home. -..
The two-story brick dwelling at Sl
street northwest has been sold
by Shannon & Luchs TO Elmer Corbln,
whd will use the property as his future
home. 1t is a modern, up-to-date build
ing, which has recently been put up by
& Shannon. Inc. The consid-
Grafton in the transaction was $500.
Sales Are Reported.
wiIIett & Reinecke Company report
that they have sold for Mrs. Isabella NJ.
Parker to P. Julian Latham, property
500 Park road northwest. This is
one Of the new eleven Colonial houses
the Soldiers Home. 1t con-
tains six bright rooms and bath, hot
water heat, all up-to-date conveniences.
This property sold for about $500
They have also sold for Victor E. John
son to r. E. Pairo, property g New
York avenue northwest This Is two
story and cellar modern press brick
bath. furnace heat, all modern improve
ments II is understood that this pro-
perty sold for about $500.
Assurance Company Formed.
The officers of the company having
been elected. and ofices having been
opened in the Colorado Building. the
National Assurance Company, a Sl,ooo,
300 corporation. which has been in the
process Of organization in this city for
nearly a year, Is now ready to begin
business.
The company will distribute its stock
throughout the country, but the manage
nent Of the concern will be almost en-
tireIy in the hands Of local financial
men. The stock will be placed on the
market at SO a share, OF which SO is TO
be applied to capital and SO TO surplus.
The officers Of the company who have
lust been elected are II. Bradley David
son. president; Justice Thomas H. Ander-
,on, OF the District Supreme Court, vice
president; EIdridge E. Jordan, president
of the United States Trust Company
and vice president Of the Commercial
National Bank, vice president; William
]. Eynon, secretary of the Board of
Trade. secretary; Frederick p Lilley,
son of the late governor of Connecticut.
.rea surer; William A. Sheehan. assistant
secretary, and Wade II. Ellis, former
Assistant Attorney General Of the Unit
ID States, and r. Golden Donaldson, d.
-ector and general counsel OF the United
States Trust Company, general counsel |
The directors chosen were the officers
together with A. Lisner, pro-
,rietor OF the Palais Royal; Harry Ward |
nan, builder; former United States SEN !
ltor Richard r. Kenney, Of Delaware; |
Harrington Mills, and Harry N. Selyage, |
!, New York laUyer