Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-16
LOCAL FIHANc1AL NEWS.

Although there was not very much doing
in the way OF business at the meeting to-
day OF the stock exchange. what 10 known
a. room trading apparently being the only
business that was done. one lot OF ten
shares of the stock Of the American Secur-
ity and Trust Company was sold and
brought the high price-that Is. compared
with recent hgures-of 2SS.
AS this company u on the eve OF going
into It's new building. the expenditure for
which-estimated at about $650.000-repre-
sents one OF the largest amounts ever ex-
pended by a local financial corporation for
such q purpose, there IL naturally much In
terest taken in It; for. while the erection
of such building Is q matter that is quite
q personal one with the company, in an
other sense It 10 recognized as being pub
lie benefit. as 1t places upon a conspicuous
corner in the city a building that would do
credit to any city, not even excepting the
large financial centers.
For this reason. as an evidence OF the
substantial material interests Of the city,
the new building is regarded as a sort Of
! public institution. something that citizens
Senerally can take pride In.
There was plenty of the preferred stock
of the Washington Railway and Electric
Company for sale at 50 and abundance
of the common stock at 42A, but there did
not seem to be a very eager demand for
either issue. The bonds of the company
ruled of late.
Capital Traction stock sold as high as
150k for quotation lot of twenty shares
and for fractional lots the highest price
paid was a quarter in advance. Both of
these figures represent the highest recent
notch reached in the late upward move
ment of this stock.
1t Is not known to. what extent the move
ment of the securities of this class in the
market is affected by the rumors of what
Is going to happen in the future. or whether
the present fluctuations are merely due 10
market Tflanipulations.
There is nothing known definitely as to
what is going to happen either in legis-
lative way In the street railroad situation
or in financial way. 1t is said, however.
that read tment has taken place along
the lines Indicated in this column several
days ago. and that in the case OF the Cap
ital Traction Company and the Washing
ton Railway Company At Is not found nee
essary this year for the respective mag
mates to be on such conidential terms as
was the case last year On the other nana
the destnies of the Old Dominion and the
Great Falls Company Is said to be no longer
out in the cold herding by himself, as was
the case last year.
The Washington Traction magnate is now
said to be the one that pursues his solitary
path. where he has plenty. OF chance to
mediate. while the new man from the Vir-
ginia shores of the Potomac is right in 1t
with the Capital Traction magnate. 1t is
not believed that this change in the adjust
ment is going to result In any outbreak of
temper or disappointment, as all parties
concerned have the reputa ton of being too
well bred to indulge in anything that would
even have the appearance of a row. What
ever troubles they may have it Is thought
will be adjusted privately and some agree
ment reached so that when legislation is
asked from Congress the time of that au-
gust body will not be disturbed by any un-
seemly wrangle.
Just now the point of special interest to
those who own the securities of these COM
panies is the character of this adjustment
and the extent TO which 1t is liable to effect
the market prices.
Today's Government Receipts.
National bank notes received today for
redemption. s1,0l5. 957; government receipts
from internal revenue. $500. 1853; customs,
$1.075,645; miscellaneous, s22 905; expendi-
nrn