Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-12-19
LOCAL FINANCIAL NEWS.

1t is expected the decision in the case of
the railroad right OF way at Great Falls
will be rendered by the Virginia railway
commission after the holidays. The Old
Dominion Railroad Company wants to build
its line over Land owned by the Washington
Railway and Electric Company at Great
Falls and as both companies have the
night of eminent domain and have failed to
come to an agreement the matter has been
referred to the commission.
Monday next will be observed as a
legal holiday. and on that day the banks
VIII be closed. As Christmas which is n
legal holiday. falls on Sunday this year,
tne toiiowing day is selected. as is custom
airy in such cases.
A large steam turbine. which was at the
st Louis exposition and was purchased by
the Potomac Electric Power Company, will
reach here some time next month. and its
installation will be completed by the LIST OF
March This will be the second steam tur-
pine IN operation In this plant. 1t will
greatly increase the capacity, which is need
ed In order to keep up with the growing
consumption.
The trading In the securities on the
bond list at today's meeting of the stock
exchange was not large, but prices
showed an Improvement those
quoted on Saturday The bid for Wash
ington Railway and Electric bonds rose
to "a y, which was the asking price on
Saturday. The Offering was 81
me bid of 1861 for Capital Traction
ponds was renewed. the bidder express
ing his willingness to take SIC 900 at that
figure. One hundred and eight was bid
for $500 bond. There were no offerings.
One hundred and eighteen. and three
fourths was bid for Metropolitan Railway
os. and three lots OF $1,000 each went at
that figure. the buyer stating that he
would take $4,000 at that figure. There
were no more bonds for sale at less thar
11s1z
There was a fair demand for gas certif
Gates, and at advanced figures. The bic
rose to 121as. and the asking price was 121lz
Two $500 bonds were sold at the latter
price. At the close the bid was 12tk and
the asking price 122
A better price was bid for telephone
bonds. as buyers were willing to pay lo6is
The lowest asking price was 1o'.
But little interest was manifested in Capt.
tai Traction stock. The bid was 13al2, q
half point less than the bid of Saturday
The asking price of 40 was the same.
Some trading done both in the pre-
ferred and the common stock OF the WASH
ingtop Railway and Electric Co. The
prices obtained for the preferred showed
an advance of more than a point over the
bid price of Saturday. The bidding began
on the level of that days record which
was S3Ia, but soon advanced. and a sale or
fifty shares was made at S4ss. After call
two similar lots went for 80 and one Tor
S43s.
The common stock sold at 2Sl4 during the
call and after the call, while sixty-day op-
tions were dealt in at 2Ss4. Saturday the
bid for this stock was -.
But little was done either i'm the trust
company or bank stock list. After call
three lots of ten shares each OF American
Security and Trust Company stock were
sold for 227 and 2262.. There was a slight
recession in the bid for Union Trust ana
Storage Company stock. Three shares or
Farmers and Mechanics Bank stock which
were offered for sale brought 80. The
bid for ten shares was 300.
Ten shares of Riggs Bank stock were OF
fered at COO. The best bid was 3S6.
There was a slight advance i'm the Did
for Metropolitan Fire Insurance Company
stock from 20 to ia. but there was no
trading, and the lowest asking price was %
Gas stock sold at a better figure than was
the case Saturday, and ten shares brought
84h At the close the bid was "a and the
asking price 64%.
After call 100 shares of Greene Copper
sold for 20. During the call the bid was
25k and the asking price 264. There was
no trading I'm Lanston. The bid was l2H
and the asking price 127s.