Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-02
LOCAL FINANCIAL NEWS.

AOSk2A & LIN 1MN4&&A N "a w ~ "a
The sales of gas stock at the meeting OF
the stock exchange today. following as
they did. the rather large transactions In
the same stock at the last session of the
exchange. which was held on Saturday.
served to turn the attention of brokers
and others interested in the market toward
this security.
Saturday the sales aggregated about 0oo
shares and the price was not affected deep
ly. as at the close the bid was 617s. while
the closing bid of the day before was 62tss.
The same broker who had the stock for
sale on Saturday was also the seller today.
and he disposed of some fourteen hundred
shares before he got through. The prices
ranged from 81 to Co. and 1t was apparent
that if the attempt had beenemade to con-
tinue the selling the price would have suf-
fered further recession.
The stock was practically sold i'm two
lots. as the broker accepted all the bids that
were on the floor at one time and In that
way disposing of over three hundred shares
and then at the next turn about one thous-
and shares.
1t is not known exactly why he marketed
such large block of the stock. One the
DRY Is that it is the desire to depress the
price of the stock, and If that Is the pur-
pose II has been accomplished to the extent
of some two and half points since last
Friday.
1t was also apparent that the demand for
the stock at the later figures was fully
met and the bidding. when It was resumed.
was on the level of 50. Then the broker
who had been doing all the selling came in
with bid of GO, which remained at the
close. there being no further transactions.
Attention was also aroused by the method
pursued by another broker when the stock
of the National Safe Company was called.
1t was offered at 191 when he came in and
offered 1t quarter of point less. He
sold couple of lots at that figure and
then at once began bidding 1872 for the
stock and bought seven ten-share lots.
After call another lot went for a quarter
of point higher
There was nothing done in the bond list
except the bidding of better prices-In the
case of several. The trading in the street
railway stocks was not exceptionally large
except In the case of the preferred stock
of the Washington Railway and Electric
Company.
A few shares of Capital Traction stock
was dealt in at 146 and the only offering OF
q quotation lot of twenty shares at that
figure was promptly taken. - The bid adj
vanced to that level. and the asking price
was then half a point in advance. which
are better figures than were recorded on
Saturday.
Theret was no trading in the preferred
stock during the call, but after call there
were a thousand shares changed hands
on range of from SO to 93h. A six
months option was offered at &c. and an
inquiry as to what sixty-day option on
800 shares would be offered at was not
answered
The trading in the common stock was
on about the same level as that of Satur-
day, and sales were made from 44B TO
44ss. A couple of options were taken at
4fs.
Changes were made in the figures in the
bank stock list, and in all cases an adj
vance was recorded, The trading, how
Metropolitan Citizens Bank, which sold
from 353 to 800. At the close the bid was
353 and the asking price $50.
The condition of the financial market il
thus outlined in the monthly circular by a
New York bond house: The fear of a pss-
s4b1e strfngency appears to. be lettering in
vestors from making purchases at this
time, but 1t is our belief that such fears
will not be realized and that the present is
an opportune time for making investments,
thus anticipating the easier money condi-
season.
That we have been able to carry on so
large volume Of foreign trade and the
prevailing large domestic business and also
make preparations for moving crops-per-
haps in the aggregate the greatest In our
history - without more disturbance in the
money market indicates growing stability
In our finances due to increased wealth and
improved credit"