Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-09
LOCAL FINANCIAL NEWS.

Street railroad securities were the leading
features at today's meeting of the stock
exchange. although the trading in them
was not extensive. Advances were made
in the bid prices and the sales made were
on higher level than that which has pre-
vailed for some days past. The securities
of the Washington Railway and Electric
Company have been rather inactive. but to-
days transactions gave indications of re-
vival of interest. If not of activity.
The upward movement in the securities
of the Capital Traction Company made
progress. so that the result to reach
point, especially In the case of the stock
That Is the highest yet attained.
When the per cent bonds of the Capital
Traction Company were called an Offering
was made of $1,000 bond. The bid of yes
terday of 100 repeated and then an
advance of an eighth followed with fur
ther rise to 1914, which is the best price
ever offered for this security. AS there
was no better bid the bond sod at
that figure. The bid then receded to ro.
but there was no furtDr Offering.
The bonds Of the Washington Railway
and Electric Company were in demand and
at higher figures than have been bid for
those securities for some time. Yesterday
81 the best bid. Today the bid was
Si$s. but there were no bonds for sale less
than Sti2 and several lots of from 81 900 10
So,Vo each were taken at that price. One
bond was secured at S7as After the sales
the bid was continued on the same level
and the bonds We're still to be had at ST.
Inc preferred stock of the company sold
at STU and the bid rose to S63s After sales
at S612 there was stock offered under
S6A. The aggregate of the sales was not
large, IN fact. only one quotation lot of
hfty shares was sold, while fractional lots
went for Sc to S61p.
The common stock sold to the extent of
two fifty share lots at 2?Iz and at the
beslnning an option on 100 shares
options rose to 80 and one option sold for
30h A bid of 29as was made for an op-
ton on 1850 shares. The bid for the stock
rose to 29A. and there was an offering at
299s which was withdrawn and 30 substi-
tuted.
The most active buying of the day was in
Capital Traction stock, and the aggregate
OF the sales was somewhat over one hun
dred shares After the active trading of
yesterday and the advance then made in
the prices the trading today was conspicu-
Gus because practically all tie stock that
was offered was taken and at an advance
over what was paid yesterday. Then the
sale prices ranged from 144h to 1447s and
today all the stock that sold was at
the uniform price of 14J. While there may
have been profit taking on the part of
those who bought at the recent figures
still the buying well sustained.
The bid from the start was l44ss, and then
advanced. The bid for 100 shares was 144a.
and after the sales the bid was 145 for
twenty shares ana the asking price 14Ji<.
These were withdrawn and at the close the
bid was 1447s and 145ls was asked.
American Security and Trust Company
stock reached the go level today. and that
very promptly. For when two lots of fifty
and two shares each were offered at $50 a
purchaser at once appeared Forty shares
were then offered at the same price, and
then at 249Is.
A bid of 2471a secured ten shares and
then the bid was 246 Thirty shares were
offered at 24711 but the bid was not chang
ed. At the close the asking price for ten
shares was $50.
A couple of lots OF 100 shares each of
National Union and Columbia Fire Insur-
ance Companys stock sold at better prices
than have recently been paid, as IA was
paid for the first and IL for the second.
But little interest was taken In Mergen-
thaler and at the close the bid and asking
price were only separated by an eighth of
a point. A couple of ten-share lots sold
for 1851 and 1853.
Three 100-share lots of Lanston brought
1881. The stock was to be had at 1874.