Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-19
LOCAL FINANCIAL NEWS.

There were no objections expressed today
at the meeting of the stock Exchange to
the windows being open. and open they
were from the top and the bottom What
ever air managed to come did not make
itself felt. even by the most sensitive MEM
Der.
There was more temperature than busi-
ness. so that the call was gotten through
in somewhat shorter time than usual.
For some weeks past. owing to the In
crease in the trading. the daily sessions
have been prolonged much beyond the
usual hour with the result that It has been
necessary for some members to go without
their luncheon. or at least change the hour
for that important event. besides other in
conyeniences.
This condition of affairs has led to the
consideration OF the advisabiiity of chang
ing the hour OF meeting and the hour that
has been suggested is IL o'clock instead Of
II O'Clock.
While there are objections to the earlier
hour. that is the case with any time that
might be mentioned. and 80 1t is thought
that, everything considered, the proposed
change would suit the convenience or be
adjusted to the affairs OF individuals about
as well as any that could be proposed.
ness Of the exchange has outgrown the
half or three-Quarters of an hour that used
to be ample for the daily call, and 1t Is
likely that some effort will be made to get
in the extra time at an hour that will be
more generally convenient than the present
arrangement proves to be.
At the outset Of the trading in Lanston
the appearance indicated that there was to
be a considerable slump from the prevailing
prices. The opening bid Of II caused sew
eral brokers to jump for the chance to sell
their stock, and several blocks were dis
posed of and then the stock was offered for
IL and 1874 was bid.
The bid advanced to 1914 and a couple OF
lots went at that level and two fifty-share
lots were taken at eighth less.
Then one of the brokers'. who has been
large buyer in the present movement and
who had taken the stock above referred to,
bid II, and after taking some 500 shares at
that price he was able to maintain that
level
No more stock was offered at less than
17h and one lot was taken at that figure.
The trading closed with the bid at II and
the asking price at In. which were the
figures Of Saturday. Altogether some 1, $50
shares were dealt in.
National Safe stock was offered for brief
time for 100 by the broker who created the
mild sensation on Saturday by bringing the
price from 1872 to 100. He made the offering
to redeem a promise. he said. and then
withdrew 1t. He subsequently offered it at
19l. but there were no sales, tlthough the
bidding cautiously crept up from 1873 to
IS9.
There Is considerable speculation as to
whether the movement is due to the knOwl
edge that some developments in the COM
pany are in prospect or that it is simply
speculative.
So much has been done in the way of
consultations and merging of interests
among financial institutions of the city
that no surprise Is expressed when the
idea Is suggested that something more
is to be attempted in this direction. There
Is no reason to believe that there Is any
thing in view of the sort by those in con-
troll Of the National Safe, but such Is the
habit Of mind at present that this is what
generally occurs when there is anything
doing in the stock Of any OF the institu-
tons.
Capital Traction stock was the only one
of the street railroad securities that was
dealth In. with the exception Of the COM
mon stock Of the Washington Railway and
Electric Company.
A sale Of a twenty-share lot of traction
was made at 1929. and then the bid was re-
newed on that level and 143 was asked.
The bid then advanced to 142B and 143M
was asked. An option was offered for las.
and for 100 shares 142 was bid.
A bid of 349s for the common stock of the
Washington Railway and Electric Company
and 353 was asked.
Today's Government Receipts.
National bank notes received today for
redemption. 81 219. no; government receipts
from internal revenue, 81, 300, 497; customs,
500. 942; miscellaneous, $187.945; expendi-
lures 81 $50 600