Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-12
LOCAL FINANCIAL NEWS.

The trading In the preferred and the COM
mon stocks of the Washington Railway and
Electric Company and the dealing in Mer-
genthaler and Lansten were the principal
events at today's meeting of the stock ex-
change.
Owing to the recent advance in the price
of the common stock. the cal of this Sc
curity was awaited with a good deal of In
terest
There was no backward step in the up
ward course. Yesterday the advance rose
a point above that of the day before, and
while that rate of progress was not contin-
ued today, still there was no halt made.
The bid started on the same level as the
Notwithstanding price of yesterday, which
was 10, but only two lD0-share lots We're TO
be had although the bid was repeated.
There was demand for options. which Is
generally noticeable, when the course of a
security is upward and there is thought to
be a prospect that It win continue. The
buyers of the options paid 3,&s. and those
who sold them bought the stock at 39ls
At the close the hid was still 30. and 391s
was asked. -,.
There was no change in the preferred
stock. and that sold during the call to
the extent OF three fifty-share lots for EA,
and the stock was still for sale at that
price with 9o7s bid.
three successive transactions of fiftyshare
lots
An option was sold for 91k. and there
a further demand for options at 81
which were not furnished.
For the first time in some days Mergen-
thaler was dealt in beyond the extent of
few shares. One broker bought 100 shares
in ten-share lots at 1S1. which was the SELL
ing price yesterday.
There was more stock to be had at the
same price and then a lower Offering of
1864 was made. The best bid then 1856
Yesterday 1S7 was asked and 1863 was bid
Lanston sold at 1Jl4 and then an eighth
lower, and finally at 10. There was evil
IDENTIFY a further market for the stock at the
latter hgure, but it was not for sale less
than LIS.
An option was sold for 15A and other OPP
ton were wanted and the bid for them rose
to 10. but there were none offered for sale
stock was 147s and 15hs was asked.
Yesterday ISIS was bid and 1873 was
asked.
An offer to buy or sell the bonds of the
Norfolk and Washington Steamboat Com
pany at 115 was made and a broker dis
posed of $1,000 bond at that price. They
were still for sale at that figure and when
a bid of Ia was made six of the bonds were
sold and the bid was continued.
There were subsequent sales at 1147s, and
at the close 114A was bid and 1151h was
asked.
All the Capital Traction stock that was
for sale at 145, amounting to twenty-nine
shares, was taken at 145- There was more
stock to be had at advance of a quar-
ter, but the bid did not rise above 144k
After call a bid of 145 was made and
quotation lot of twenty shares was Sc
cured at that price.
Changes of some consequence were made
in the case of two of the bank stocks Ten
shares Of Commercial Bank stock sold for
TO which is the highest record yet made
for that stock. The bid was then 40 and
none for sale.
For American Bank stock the bid ad-
vanced from 1S5. which was yesterdays
bid, to 1SS. The stock was to be had at
1S9
Gas stock sold higher than it has for
some time. but the change was a slight
one and is not regarded as even the be-
ginning of movement in this security
The figure paid in the case of three TWEEN
ty-five-share lots was 81 to 61A. Then the
bid was 61h and 61A was asked. Yes
terday coz was bid and COS was asked.
Mr.. Thomas Bradley has been elected a
member of the board of directors of the
National Union Fire Insurance Company Of
this city.