Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-07-25

this city is one of the termini OF that water
way. While of course IL is possible that
1t may be the intention to make use OF the
bed of the canal as a roadway for a steam
line and abandon its use a canal. still IL
Is thought IL is not at all unlikely that the
canal may be continued as SUCH The sup
position of a change is based on the posi-
bility of the canal changing ownership. but
the attempt to bring that about may have
another motive. 1t is pointed out that IL IL
believed the Baltimore and Ohio railroad
virtually controls the canal and has done
so for some years. and yet ii is still operat-
ed a canal.
The canal strip is not regarded by some
as desirable steam railroad route and IL
Is thought its control by the Baltimore and
Ohio was due to the liability of the prop
erty falling into the hands of interests not
In harmony with that company. some
what similar motive. Ii Is thought not i'm
probable. Is behind this recent action Of
the Wabash Company. For. with the ad-
vantage of the possibility Of succeeding in
the attempt to get hold of the water way
the Wabash may be In better position
to deal with the steam railroads controlling
the terminals i'm this city I'm regard to Its
own entrance here. There is no doubt in
the minds of well-informed men that IL Is
the ultimate purpose of the Wabash to
come to this city and 1t is not believed that
II will be satisfied with a terminus other
than that of the union depot.
Provision is made in the recent legisia-
ton for the use of the depot and termi-
nails in this city by all steam railroads
entering this District II the Wabash
gets control of the canal IL can of course
use its bed to bring a line into this city.
But there Is no reason to believe the COM
pany could not get authority to con-
struct road from any point along its
main line, which is the Western Mary
land route. now being connected at Cherry
Run with Cumberland. From the main
line a road could be built to this city. and
with the permission of Congress entrance
could be secured into the District, and
existing law gives the right to the use OF
the terminals now being built.
The securities of the Washington Rail-
way Company attracted the largest share
of attention at today's meeting of the
stock exchange. and constituted the main
proportion of the aggregate of sales
made.
There was only one bond for sale. at
7sA. and when that was secured and re-
peated bids failed to bring out any more
on that level the bid advanced to 1914.
and $1,000 bond was obtained at that
Price. The bid then returned to 7S%
where it remained. The asking price
was 10.
After CALL however, a bid of 1871 was
made for $1,000 and this was followed by
bid of 1874 for $4,000. and a sale Of
the last named amount followed
The bid was repeated without result.
and then 7Sts was bid for $4,000 or $4,000
A bid or 1SA was then made for $40. 600
which was offered at 7S7s. and the lot was
taken by the broker who offered IL for
sale.
A marked advance was made in the pre-
ferred stock of the Washington Railway
Company. AT the last meeting of the ex-
change % was bid and 81 was the asking
price. Today fifty shares sold for 81. The
bidding advanced to 81 before any OF the
stock came out. and then two lots one OF
twenty and one of fifty shares. were Sc
cured at 81. After this trading 100 shares
were bought at Gin by the broker who Of
fered the stock for sale
At the close 81 was bid and 61h was the
asking price.
were offered at 1O4. The best bid was l0sx
There was no offering Of 81 600 bond less
than los.
There was no change in the quotations OF
American National Bank stock az the bid
was 40 and the asking price 145. The an
nouncement made public on Saturday OF the
terms upon which the new shares OF stock
were to be issued had no effect apparently
on the market.
One hundred shares Of gas stock were Of
fered at 60 without elicitinE a bid Mergen-
thaler at one time was offered at 17bh, but
there was no trading. At the close the bid
was ITS and the asking price 175E.
After the sale Of 100 shares Of Lanston at
s% the bid was repeated. but there was no
stock for sale at less than 0.
Today's Government Receipts.
National bank notes received today: for
redemption. 81. 4a3 217: government receipts
from internal revenue $3.50 100; customs
1889: miscellaneous. $1OOS69. Expendi-
lures, $2,21O.0OO.