Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-13
LOCAL FINANCIAL NEWS.

The common stock of the Washington
Railway and Electric Company again opened
up strong at today's meeting of the stock
exchange. The figh point reached yester-
day. which was 30. was made the starting
OF the bid, and there seemed to be quite q
demand for 1t at that price.
When It was found that there was no
stock for sale at that price and that 1t was
to be had an eighth of point in advance
1t was taken as offered. which proved to be
one 50-share lot snd two 100-share lots.
The bid then advanced to 39,s. and the
stock was to be had at 39ss. and then at
$685. Quite lively demand was developed
for options, and the bid for them was S9h.
were sold at that figure, the sellers in sew
eral instances buying the stock at 393s.
In this way the trading In the stock was
increased, so that some 2.3OO shares repre-
scented the aggregate of the transactions.
A lowering In the asking price to 1914
was made, and a sale was effected at that
figure.
There was more stock to be had on the
same terms but the bid did not rise above
3'h. couple Of 5OO-share lots were taken
at 391s and 81. The closing figures were
3Sa4 bid and 39A asked The trading was
more generally distributed than sometimes
happens and it was evident from the ready
market for options that brokers have an
idea that the stock Is scheduled to 20 to
stii better figures at this time.
The lack Of interest that has been APP
parent in the preferred stock continued,
and but few sales were made and these at
less prices than-were obtained yesterday.
not the lowest in the latest recess
sion in this stock
The sales aggregated 175 shares, and the
prices obtained were 301a and 9eM. and at
[ hi
There was no demand for options although
they were to be had at 81.
A bid of 3401s was made for Metropolitan
Citizens Bank stock. coupled with the pre-
diction that the stock would be selling FOR
40 by the time the roof is on the new
building which is to be erected by the bank
Ten shares of Commercial Bank stock
was sold on bid OF ITO and two-share
lots went for 171h The bid for Is shares
was then 171k and 175 was asked These
hgures We're withdrawn and 1I0 was bid
and III was asked
After sale of 100 shares of National
Union Fire Insurance Company stock at
~ that bid was repeated and was asked.
Mergenthaler sold three-quarters of a
point higher than was the case yesterday.
When there was comparative activity on a
range of 1S1. Today the stock for sale at
thai price. which was 10 shares was taken
eIIiu INC piu WdS repeated Tor - more.
There was stock for sale at 1871 and it was
taken An offering of 10 shares was made
at 1S7A and it was sold
with the purchase of thlrty-ave shares,
the demand for the stock seemed to be
satisfied, and the bid was then 1871 1t
was to be had at 1874.
Lanston was offered at Is n and when 1t
was not taken the asking price was IS For
some time there was no bid. A couple
OF 10o-share lots were taken at Is and fifty
shares at the same price. The bid was
then 14k and 15k was asked. An advance
was made in the bid to 14N. and while
the stock was offered for a time at Is,
there was no trading.
Capital Traction stock took squirt and
sold at 145A and 1853. At the close 1857
was bid and 145 u was asked
Today's Government Receipts.
National bank notes received today for
redemption, 1891. s17: government receipts
from internal revenue. $50. 1853: customs,
$970.0oI: miscellaneous. $41.674 Expendi-
lures. $3,410,0O0.