Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-14
LOCAL FINANCIAL NEWS.

No disposition was shown at the meeting
today of the stock exchange to do any
trading until the common stock of the
Washington Railway and Electric Com
pany was reached. The bond list was
passed over with only a perfunctory nam
Ing of the figures. and while changes were
made they were without consequence,
The longest pause was made on the bonds
OF the Washington Railway and Electric
Company, and while the separation of the
bid and the asking price was only an eighth
or point. yet It. did not have the effect of
inducing buying and selling In fact. this
has been the condition with that particular
security for some time. 1t has been stand
ing around 81. with tendencies slightly in
an upward direction, for some time
AT the same time the current talk ia that
ponds that pay per cent and are issued
py company that Is paying 5 per cent
dividends on the preferred stock. to say
nothing OF what the earnings are said to
amount to toward a dividend on the COM
mon, ought to sell at a better figure than
about 81. However. the same thing Is said
about the preferred stock.
The latter was offered for sale today at
93, but the best bid was half point
lower. and no particular effort was made
TO get nearer and there was no trading.
little better was done in the common
stock. and what Is more all the sales were
on an ascending scale, as the range was
from 45f< TO 43ee Only little over TWO
thousand shares were sold. not counting
ten days option on one hundred shares that
went after call for 43A.
This the bid for option on five
hundred shares, but without result There
seemed to be some curiosity to know what
would be given for options. bid OF Al
was made for six months option on 1--WE
hundred shares. but no such option was or
fered.
At the close the bid was 4a1a and the
asking price 43 *.
There was no stock of the American Sc
curity and Trust Company that was for
sale today at lees than 200. The bid did
not rise higher than the level of yester-
day. which was 2S6, and so nothing was
done.
There was practically no change In the
figures for the stock Of the Union trust
Company as compared with those OF yes
terday. The bid was 144 and the asking
price was a quarter Of a point higher.
An advance was made In the bid for the
stock of the observation-disclosures and the
Farmers and Mechanics Bank Of some
two or three points, but in neither case
was stock offered for sale, and so nothing
was done. No change was MADE IN 'he
figures Of the other securities in this list
Some fractional lots OF gas stock sold
for COY and then the bid rose to 6oss. ana
the asking price was an eighth in advance
The bid was finally withdrawn and ~
was substituted. A change was made In
the asking price.
Lanston was dealt in to limited eN-
tent, but the sales were made on a de
scent1ing scale from 1875 to 1914. until. al
the last the bid was Is and the ASKING
price 15k.
The common stock of the Graphophone
Company sold for and SIS. and at the
close 5 was bid and SIS was asked. Inc
preferred stock sold on range of from
9as to 9h.
The statement Of the bank clearings TOT
the week ending today and the corre-
spending week last year is as follows:
Clearings. balances.
19O5-$5 72S. 1910 SI l6SS rs
1901 4, 202 SO565 6l2 767l3