Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-22

A lack OF orders was one Of the reasons
why the trading at the meeting today OF
the stock exchange was not more active o.
rather larger In volume. This condition ap-
piled to all classes Of securities. whether be-
longing to the class which are usuaiiy more
or less in demand or to those which are In
cluded among the inactive securities.
There were no transactions In the bond
list with the exception Of a couple OF lots
Of the bonds Of the Washington Railway
and Electric Company. which sold at 81.
and while there was more to be had at the
same price the bid receded an eighth.
In the list of the bank stocks but few
changes were made even in the quotations,
and those that were recorded were OF no
significance, but as one of the brokers re-
marked. IL there was any evidence of stock
for sale the prices bid would be much
better.
The same condition prevailed in regard
to the insurance stocks
In the case of the street railway stocks.
which are generally the leading specialties
In this market, the same thing might be
said. with. however. some qualifications.
There was quite a demand for fractional
or small lots of the preferred stock OF the
Washington Railway and Electric Com
pany. and some quotation lots were also
dealt in. the latter on a limited range Of
93 and 93M. The fractional lots went for
y31s and 93x At the close the bid was
o. and 03A was asked. After call 2OO-
share lot went for 92h.
There was no transaction recorded in the
common stock during the call. Quite as
much was bid for the stock was done
yesterday. and it was for sale at the same
figure. but in spite of that nothing was
done. bid of 42A was made for an option
on 900 shares and a bid of 43 was made
for 5000 shares cash. the latter meaning
that the delivery of the stock was to be
made during the business hours of today.
After call. however. there was quite
good deal done and options were. sold at
AN and 42A while some 800 shares OF
stock were taken at ~ and 421s
The condition of the market was pretty
well illustrated in the case of Mergenthaler
for when II first called the bid was
yesterday. namely. 1874. When. however it
was offered down very rapidly until 1914
Was reached. the bid was withdrawn and
also the asking price.
bid and asking price the bid was exactly
the first asking price. The new asking
price was then 19iA. and that was the end
of the attempt to trade in this stock.
The bid of II for Lanston was maintained
without bringing out more than 400 shares.
The asking price was only an eighth in ad-
vance and remained there throughout the
call. In fact. any part of LOCO shares were
offered at 11h With the exception of one
lot all the sales during the call was at
11h. After call a couple of lots, one OF
them 500 shares. sold for 16b
The trading in Capital Traction stock was
done after the call. and the range of prices
was from 1461s to 1469s. During this call the
asking and bid prices were separated by
only an eighth OF a point.
Today's Government Receipts.
National bank notes received today for
redemption. $704 5SS: government receipts
from internal revenue, $27O.39S; customs,
SS77.35S; miscellaneous. 81. 269. Expendi-
lures 81 80 600