Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-01-19

limits along railroad fire. then the pres-
ent central plant at 18th and b streets
northwest will be given up.
The project of utilizing the water power
at Great Falls in the production OF an cleo
tric current to supply this city has not
been entirely abandoned. although no act
i've steps have been taken for about two
years. owing to the diflculty experienced
IN financing the undertaking. In the event
the Great Falls enterprise is carried out
me Washington Railway and Electric
from TINS source and supplement the sup.
ply II needed by keeping going one or
more OF the plants now In operation
The details of the transfer of the control
of the Washington. Baltimore and Annapo-
lis Electric Railway Company are being
adjusted and when that Is accomplished il
Is expected by the new owners of the prop
erty 10 resume the work Of building the
electric road between this city, Baltimore
and Annapolis
The active and practical men in the new
syndicate are George T. Bishop and John
Sherwfn of Cleveland Ohio, who completed
about year ago the electric road between
Fort Worth and Dallas. Tex. When the
construction was stopped about two years
ago nearly one-half of the roadbed between
TINS city and. Baltimore was finished and
the power house at Hyattsyile was also
nearly built
The demand for the bonds of the Wash
fngton Railway and Electric Company was
unusually strong at today's meeting of the
stock exchange. Prices stiffened in conse-
ouence. and the bulk of the sales was
made on a higher level than has been reach
ed for some time past. At the opening two
$.O00 bonds were secured at S5s. and S17.
and when there no more to be had at
those figures the bid rose to sc and re-
manned there until all that were for sale
at that price had been obtained.
The market was completely cleared up of
bonds at and below sc and this result was
attained by the purchase of $4,000 of
bonds. AS rule the sales were in 81 900
lots, so that there were some forty-five
lots traded in during the call. The buy
Ing and selling was done rapidly and the
scene was quite an animated one. There
were several buyers distributed to a greater
extent than Is sometimes the case when
1t happens big market Is on in any par
ticuiar security
After call several sales were made at
S61s, and a lot Of two bonds at s6Ia. What
are known as the Underlying securities OF
this company were influenced, perhaps SYM
pathetically, by the upward movement
A $1,000 Metropolitan Railroad 5 per cent
bond sold for 11SA, which was the asking
price yesterday. The bid was then on that
basis and continued so. but without re-
suit. as there were no bonds offered for
sale. Higher bids were made for the GER
tifcates Of Indebtedness series A and B. OF
the Metropolitan railway, but there was no
trading.
The 5 and per cent bonds OF the CO.
lumbia railroad were also affected and I'm
the case of the latter the greatest advance
was made. Yesterday the bid for these Sc
curities was III and today 1t reached 11S.
There were, however. no sales.
Telephone bonds were in demand. and the
bid advanced from la5, which was made
n ht.t hnr xunr m he
offered for sale under 106 A bid of 1914
was made for $4,000, and such a lot was
offered for 1031a,
There was but little disposition manifested
to trade in the stocks of either of the
street railway companies. One lot OF twenty
eight shares of Capital Traction sold for
IA and then the bid was renewed on that
level and 144h was the asking price.
One lot of fifty shares of the preferred
stock of the Washington Railway and Elec-
trio Company sold for s4as. The bid was
then S4A and the asking price s4h.
The advance made in the bid for Wash
ington Title Company stock Is looked upon
by some as indicating belief that the ne
gotiations for the purchase of the control of
the company are making favorable prog
ress. Today the bid was 29s and the asking
price 37s. .'=-
There a good deal of trading in Lanston.
but not as large as the rather extraordi-
nary record of yesterday. Twelve hundred
shares were traded In today in lots of 100
shares each, and the uniform price through
out was 1885. At the close the stock
was offered at that figure and 1917 was bid.
The advance of yesterday was maintained
and little more, as the closing bid was
an eighth higher than was the case yester-
day.
Today's Government Receipts.
National bank notes received today for
redemption. s1.491s91: government receipts
from internal revenue. $695.277: customs
$761 1888: miscellaneous $476165: expendi-
lures. s2,200.O00. Available cash balance.
$139 ,314, 500. %. ss