The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-07-13

would greatly please the holders OF thu
old time investment stock, strong in the
confidence and faith Of Washington in
vestors of two or three generations
Strong parties are buying the stock
they must be strong financially to take
such wads Of 1t as have been fed out.
1t is good stock.
Moreover, Washington Gas has passed
through its difficulties. II gas is served
to the consumers of the city Of Wash.
ington below IS cents a thousand feet
IL will be by voluntary act on the part
of the Gas Company.
The appraisement to be made by the
District Utilities Commission. while II
may vary greatly from the work OF
Messrs. HUMPHREYS and Miller, is not
likely to be less than that made three
years ago-sl3,Ooo,0o0.
The fact that the Georgetown Gas
directors were forced to increase the
price of their product to 81 a thousand.
Is another theory that would seem to
confirm the IS cent gas in its fixed
position.
OF course theories go by the boards
when facts step in. 1T is going to 800
a share. II il does the parties behind
the movement will have demonstrated
their strength and increased interest in
the possible developments that are ex-
pected.
Mr.. Letter and family will start on a
tour OF the world IN September. He Will
not retire from the presidency before
going. and Mr.. Reside will not be
chosen president, but will be acting presi-
dent. Perhaps Mr.. Letter may retire in
February and perhaps not.
SIow-Uninteresti
1t was the old story over again, so far
as Wall Street was concerned.
Not enough doing in the two-hour ses-
sion to make it interesting. Prices a
little stronger, as a result of the better
outlook in connection with wars and
rumors of wars abroad. Forty thousand
shares Of stock traded in. Friday was
the dullest day in twenty-six years, but
there will be other dull days unless all
signs fail.
Half-point advances in the leaders
were in order. Most of the commission
houses are advising commitments on the
buying side only on recessions.
The dizziness in the market the past
week reflects the worldwide uncertainty
over the general money situation and the
disturbed political conditions in Europe.
While prices have dragged lower during
the week from these unfavorable market
conditions. il is noteworthy that the net
iossCs nun ; nave
been comparatively small in view of all
the circumstances, and also that there
has beer marked absence of any inn
po"tant selling pressure. Not even the
bank trouble. which developed at Pitts
burgh early in the week, showed much
new liquidation. 1t is this liquidated
of the general market, together
with the satisfactory outlook for an
other big crop of cotton and good aver
age crops of wheat corn. and oats and
the hope that the tariff bill will be passed
by Congress before September. l. so that
there can be revival of general bust
ness for the fall and winter, that furnishes
the most encouraging basis for the flu
ture. But. for the present, there are too
many uncertainties still hanging over the
market from the menace OF labor trouble
among the Eastern roads. and the dis
-urbance in Europe. and the tendency of
he hostile legislation at Washington. for
he expectation of anything better than
an irregular traders market within a
narrow range of prices from this level
Tor the balance of this month at lea st.