Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-01-25

Tho suggestion was made by President
McDermott Of the Washington Railway
Company at the conference last week with
representatives Of citizens associations on
the line Of the Brightwood railway that one
method Of securing q better schedule would
be an increase in the fare.
1t Is also understood that Mr.. McDermott
has said privately that 1t may be necessary
to place the road in the hands of a receiver.
This latter course has been pursued thus
far In the case of only one of the roads con-
trolled by the Washington Railway Compa-
ny. and that is the City and Suburban road.
1t Is not stated that any definite conclusion
has been reached in regard to either of
these courses, but that they are mentioned
as possibilities in the future policy of
those in control of this property.
Stockholders of the Greene Consolidated
Copper Company have received notice of
a meeting to be held in New York city the
10th of next month for the purpose OF
voting on resolution to increase the CAPT.
tai stock from 81 100000 to $S,640,oOO. II is
understood that the new stock. when is
sued. is to be offered pro rata to stock
holders at par.
A good deal of interest was aroused in
local financial circles over the announce
ment that came over the stock wires that
Judge -Grosscup. in the United States dis
trict court in Chicago, today decided that
council to reduce the price of gas to 40
cents was not enforceable, for the reason
that the state did not delegate to the city
the power to regulate the price of gas
The bill to give authority to the Old Do
miniOa and Great Falls railroad Company
to build a street railroad across the city
from the AQueduct bridge to the union sta
ton. via NJ street and New Jersey avenue
is still before the District Commissioners
having been referred to them by Congress.
1t is not known that any change in the
route, as proposed in the bill. has been de-
termined upon. although 1t is understood
that an argument against the use of NJ
street has been made. based on the fact
that it is now thoroughfare for fire
gines and for other reasons.
The bidding on Gas stock at the meeting
of the stock exchage today was entered
into with caution, probably suggested by
the uncertain movements of the past few
weeks. The first bid was 80 and then the
price slowly advanced until 81 was bid, and
after considerable uncertainty, the stock
was offered at 90 The bidding still con-
tiued upward. as there seemed to be no
stock for sale, and 541a was bid and no
one was hurt.
Fifty-four and one-eighth was ventured
for 100 shares, and there was still nothing
doing The ascending tendency still con-
tnued until finally the broker who has dealt
most largely recently in this security. bid
55ls for 100. and the first sale of the day
was recorded. The bid was repeated and
no stock coming out the price was ad-
vanced to 55A. At length the 100 shares
were offered at So. and the same broker who
had just bought 100 shares at 55h made
the sale.
The bid then fell of to J5lt. with the ask
ing price at 81, but there was no more trad
ing done. The stock showed a gain of
points over the closing bid on Saturday.
but there was evidently none on the market.
Washington Railway bonds were offered
at 16A. and two lots were sold and the Of
fer was repeated without result. The bid
then made was 16ss. but there was no more
trading.