Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-11-28
LOCAL FINANCIAL NEWS.

There WAS q derna no Tor Donds Then the
list containing those securities were gone
over at today's meeting of the stock ex-
change This was evident when the bonds
of the Washington Railway and Electric
Company were reached, for instead of mere
~ making formal bid and asking price, as
is usually done. several made bids Tor yari-
Gus blocks of the bonds, but of course Some
what under the market price or the asking
price.
The two parties did not get together siifi-
GENTLY on the call to bring abou. trading,
but after the call there were several trans
actions at 911s, which showed that both had
| made slight concessions on the figures given
during the call.
There was also some of the Gas eertifi-
Gates wanted and some of the Potomac
Electric Light SIS, as we'll as Steamboat
| bonds. While there no trading still
the demand was there, which was not so
evident in the case of the other lists.
Several lots of Capital Traction stock
were taken at 147, and there was sill stock
to be had at the same price.
The preferred stock of the Washington
| Railway sold In limited quantities at DO
which level was reached yesterday. Inc
Offering was a half point above this. ana ana
| the bid at the close was placed an entire
| point below The asking price.
A retrograde movement also occurred IN
| the common stock as it sold on range or
! from AIN 10 3I3S. II was Neii ouppoi -
| however. as before the close bid OF 4la4
| was made for one thousand shares, or any
| part. and an eighth more for block or
| one thousand shares.
The bank stock list was almost as much
! neglected as that Of the fire insurance COM
panies In fact, during the can noIhi as
| Interrupted the voice of the presiding Of
| ficer as he called off the figures except an
! effort on the part of broker to sell three
shares of Riggs Bank stock. No one
1 tI1,,, hn
| he did not succeed.
| After the call, however. a lot of ten
| shares of Central Bank sold for $40.
which is a high price for that stock, but
! not as high as the asking price of BOO
| 1t is not surprising that good figures are
| paid for this stock, for the understanding
! is that the developments now IN view VIII
make it worth good deal more than the
| dividends or even the book value would
| indicate.
Gas stock sold at lower level than has
! prevailed for some days past. and when the
| first sale was made of eighteen shares at
| 50 it brought out comment from one OF
| the brokers to the effect that gas stock had
| gone off entire point since yesterday; he
| did not suppose. however that any of the
! banks would call for enlarged margins on
| loans because of this. but he was certain
| that would be the case with railway COM
| mon.
| Better prices were palu TOT hefStit titlct
| than was the case yesterday, although there
| was not much trading. Lanston went for
about the same as yesterday.
Wilton ]. Lambert and S. J. Masters,
| president of the Peoples Savings Bank of
| this city. have procured a large block of
| the stock of the Franco-American Bank.
| the organization of which is about com
| pleted in Paris, and will have a branch in
| New York and is expected to have branches
| in Washington and other principal
| cities ir the United States. 1t has a capt.
| tai stock of 81 600 900 QoO0o000 francsl
| The purpose of this bank is not only to
| transact general banking business in
Paris, but also to place American securi-
| ties direct with the French public, which
| it will do through a group of provincial
| bankers some 800 in number, scattered
| throughout the richest section in France.