Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-07-13
LOCAL FINANCIAL NEWS

The recent announcement that a charter
had been taken out under the incorpora-
ton laws of Virginia for the right to
build either a steam electric road from
Winchester to this city has given rise to
fresh discussion of the possible railroad
development in that section of territory
contiguous to the city. 1t is realized now
very clearly that the new highway bridge
over the Potomac, which Is to be located
just north of the site OF the old Long
bridge. Is to become an important center
OF travel. Just how important IL is i'm
possible to predict with completeness 1t
Is. however, evident that as the new
structure is to be entirely free from
steam railroad tracks and is to be avail
aoie TOT the use OF electric railroads that
II is likely to be used by lines that are
projected or are already built
There is an intimatiOn that possibly the
rams church railroad, which Is now being
| extended north with the ultimate purpose
OF reaching Fairfax Court House may make
| the new highway bridge It's city connec-
| tion. as we'll as the Aqueduct bridge as at
| nus at the Aaueduct bridge will be aban-.
| doneG. only the possibility is pointed out of
uuiiZlng what some regard a more di-
| rect route to the city. AZ far as Its char
tered privileges are concerned the new
| road now being built from the Aqueduct
| bridge to Great Falls could be extended
along the Virginia shore to the new bridge
| II that should seem desirable
AS an extensive freight yard Is to be To-
Gated in the vicinity OF the south end of
the present Long bridge that locality will
become center of a good deal of railroad
activity. and as the largest single industry
or the city, the making of bricks, is already
located there, 1t is concluded that the in
crease in the facilities of communication be
tween this city and the Virginia side of the
Potomac which the new bridge will afford
will give that section business as well as
residential value that 1t never before pos
sessed.
The bulk of todays trading at the Wash
ington Stock Exchange was confined to the
bond list, and while no marked changes
| were made. yet the higher prices which
have been attained recently were main
tanned.
The first bonds the list were those Of
the Capital Traction As. which were Of
fered at 1071s and two lots of $1,000 each
were taken on that basis by the broker who
offered them for sale. Yesterday the bid
| for these bonds was l07.
$1,000 bond of the Columbia railroad Is
| could be secured. Yesterday the best bid
| was 1851, while the asking price was lO7
and one $500 lot sold at 120. the price OBJ
| tanned yesterday. After the trading 1874
was the bid. while the asking price was l2l.
The upward tendency in Capital Traction
stock which has been a noticeable feature
| for several days past continued today. Only
| one 1Ot was TRADED out the price So
cured namely, 12315. was a higher level than
has been reached by this stock for some
time past After the sale the bid was 123S.
with the asking price at 1884,
After call this bid was renewed without
result and a bid of l23 made for 100
| shares.
After call broker made known that he
wanted to buy ten shares of Second Ma
| tional Bank stock, and he bid TAT. and then
subsequently he increased his bid a half
point. No stock, however. was offered at
less than 1881.
1t is not believed that there is any sig
nificance to be attached to the fact that
the broker who wanted the stock was the
same one who bought on the exchange the
other day all the Bank of Washington
stock that was for sale at price.
One hundred shares of Potomac Fire In
surance Company stock was sold In lots OF
/ twenty-five shares each. and that bid
continued after the sales. but there was
no more stock to be had at that figure. nor
was any stock offered at any price.
Eight and one-half was bid for fifty
shares Of Lanston and 81 for 100 shares
while the stock was offered at O. There
was no trading except the purchase Of
twenty shares at S1a.
After call ia was bid for Mergenthaier.
and the stock was offered at 174h but
without result. During the call ten shares
went for 174h.