The Washington times., 1905-10-27
NEWS AND GOSSIP
OF THE STOCK MARKET
WASHINGTON.

The feature of this afternoons local
stock market was the persistent buying
of Washington Street Railway preferred
by broker identified with one of the
largest banking Institutions of the Dis
trtct This buying raised the price
from 921s. the price at which 500 shares
were sold yesterday after cali. to a good
fraction over 80. Railway common was
neglected and lay dormant at 42ts bid
with an offer at i3.
Next interest TO railway preferred
was Washington Gas, which was bought
and sold freely around 60, at which fig
ure it held we'll
Although money is to be had in New
York at about per cent, It remains
tight here at :.
An executive session was held by the
stock exchange Immediately after the
call
Railway bonds could find no buyers.
but stood pat on yesterdays bid price.
with the exception of Washington Rail-
way As. which lost 4 of point on the
bid price.
. Chesapeake and Potomac Telephone SIS
sold at 10S11. and then fell off ". and
closed u of point higher than yester-
days bid price
Norfolk and Washington Steamboat SIS
brought quick bid of 11G for 100 They
were offered at Ill. but no business was
done
Capital Traction sold u of a point
above yesterdays bid price. but closed
at the latter figure
Washington Street Railway preferred
sold readily at 92s, an eighth of point
under yesterdays bid price of 93 to
which it jumped after several sales 1t
then climbed to 93A. and following
dickering on fractions rose to 93% and
then to 1914. Strenuous efforts were
made from various quarters to shove
| down the price, and 1T finally dropped
to 931s. A still further recession car
! ried the stock to SO on a 500-share sale.
at which the closing was made
| Washington Street Railway common
was wanted in a fractional lot at 42%
but could not be gotten at that figure
On the closing il lost u OF a point from
yesterdays bid price.
National Safe Deposit was sought at
| l95, but none was offered under 1871. II
was closed l point over yesterdays bid
price
| Washington Loan and Trust gained ?
points on yesterdays bid, but could not
| be had at 214.
bought at 289. and Immediately bought
back at 2SSlz by the selling broker from
| the purchaser. This incident which in
| volved :. loss of only s. to the broker
| who bought and sold. threw the ex-
change into an uprOar of merriment at
the expense of the loser in the financial
maneGvering.
!, Union Trust aroused some lively bid
4 ding, which resulted in two sales at an
advance OF y OF a point above yester-
! days bid. The stock closed Il better
than yesterday
| Bank stock was very quiet and stood
| without change except as to American
| National. which went up q of a point
| on the bid.
| The Insurance list did no business and
closed with the same prices bid as yes
| terday.
| Washington Gas, starting at a gain of
| t over yesterdays bid, dropped back 10
1915, and then retrieved the loss. sell
ing at 60. at which II closed
| Mergenthaler. under the inspira ton OF
| President Hibbs' persuasion, threatened
to do business. but just as he was
about to bunch number of fractional
| bids and fill them by purchase of
stock. everything was withdrawn The
same condition came about twice again
before the closing IL above yesterdays
| bid
Lanston Struggled through bids and
| offers almost together, but made only
| one sale of n fractional lot at I5A
closing B better than yesterdays bid
| Greene Copper sold II of point above
| yesterdays bid price. but lost the frac-
tion on the closing bid On the after
call this stock brought "a more than the
rpZt1ia-