Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-11
LOCAL FInAHc1A1RswR.

The trading In the common stock OF
Washington Railway and Electric Com
pany, as was the case Saturday. was tha
feature at the meeting today OF the stock
exchange. In fact. there was no other
stock ON the list that at ali came up to
this one in the volume OF the sales. In ad-
dition to this the trading itself was snappy
and quite suggestive OF the days when
there is something doing on the exchange.
Unlike the character OF the trading on
saturday. there was hut little done In the
buying and selling OF options. The stock
was dealt in. although options were to be
had at little advance over the asking
price for the stock
IL may be inferred from this latter fact
that Ii on Saturday the demand for OPP
ions indicated belief that the stock was
going up. Offering them today the level
OF the present market might be used as an
argument that the advance had reached It's
| limits for awhile
AZ any rate, the trading today was on
about the same level as that which was
reached on Saturday and the stock sold
freely for 3and 43s At the same time
the supply at these prices was ample and
that toward the close cheaper stock APP
peared and sales were made down to 42n
One lot sold for 1914 and these two prices
represent the entire range of the market
Altogether some two thousand shares
Were traded in, while on Saturday the vol
ume reached three thousand. of which, how
ever, about rwo-thirds were options.
In connection with this movement in the
common stock. which Is not explained very
clelrly. but which has been expected for
some time past. Is the record made in the
per cent bonds of the same company.
Several lots of these bonds amounting to
5000 sold for sSA. which is a low figure,
even in the recent decline.
On the other hand. the per cent pre-
ferred stock of the company brought a
somewhat higher price, selling as high as
oOas. which is slight advance from the
recent slump The bid rose to S0ie and u
was bid for LOCO shares.
The bull market in the common stock has
been productive of all sorts Of rumors n
resaru to the causes and the range OF the
talk has been all the way from A combina
ton among the brokers TO advance prices,
to talk of some sort of change in the con-
troll of the company or some sort Of COM
bina,ion with exis .Iug street railroad sys-
tens.
Mention is also mace of the expiration of
the voting trust, which will take place IN
less than teo years, and then 1t Is said that
the control OF the company VIXEN 1t passes
into the hands of the stockholders will be
found to BE largely held BY local men.
1t IS also mentioned an interesting bit
of gossip that in the effort which is to be
mace this winter 10 secure cross-town privi-
leges from Congress that instead of the
Washington Railway and tie Capital Trac-
ton companies standing together. that the
alignment this year Is the Capital Traction
and the Old Dominion Company.
In fact. it is maintained by some that the
Capital Traction Company is soins to build
the cross-town line. IL one Is authorized
by Congress, and that some sort Of track
age arrangement will lie made with the
Old Dominion, with TIE chance that later
on something more intimate in the way of
relations will be established between these
two companies.
The bid for Second National Bank stock
advanced sorce twelve points, but that did
not have any special significance any more
than the bid did shat has been recorded for
some days past
Progress is being made In the plan for
enlarging the capital stock to half million
and over tEo-thirds of the stock has been
recorded favoriag. the change. Final
action Will not Ice taken until some time
next month upon the expiration of the le-
CURED legal period.