Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-03
LOCAL FINANCIAL NEWS.

AS the result of orders for securities IN
the bond list there some tracing at
today's meeting of the stock exchanss. and
at better prices The business done was not
large. but it was necessary to make an ad-
vance over the last recorded bids In order
to secure the bonds
A couple of the bonds Of the Washington
Railway and Electric Company were
bought at S9Z and at S97s and then the bid
rose to 90 but there were no more to be
had less than DO1a After call 5000 lot
was taken at o.
The bid for gas certificates advanced
from 119. which was Saturdays bid. to
1875. The best offering was 1l9A
Some of the Potomac Electric Light IS
were wanted and the bid started on the
basis of that of Saturday. An ad-
vance was made from 1051s. and finally
they were to be had at 1O6 and were taken
at that price. The bid was then 1Oos. and
1865 was asked
There were some orders for Capital Trac.
ton and fractional lots were sold at IA
and 144L The bid for twenty shares rose
to IA and the stock was to be had quar-
ter higher. 1t not taken and the
offering was withdrawn and Hay was sub
stituted.
But little effort was made to trade in the
preferred stock of the Washington Railway
and Electric Company. The stock was OF
fered at 90A, and 90A was bid.
The common stock was for sale at oif2,
and three ifty-share lots went at that hg-
ure. 1t was then offered on lower level.
and sales of 100-share lots were made at
371. and 371s. The principal dealer in the
stock offered any part of 1900 shares at
3IA. and one lot of 100 shares was taken
The bid was then 81 and 37A was ask
ed. and with these figures recorded atten-
ton was turned to other securities. Frac-
tional lots were sold at 372 and 81 IS.
Ten shares of National Safe Company
stock sold for 1883 The bid advanced to
1851. and the asking price was 1904, but
it was impossible to bring nearer pro-
spective buyers and sellers
A sale of ten shares of Union Trust
Company stock was made for 12S. The
bid was then 1271s and there was stock for
sails at 100. but the latter was Withdrawn
and there was no Offering.
Fifty shares Of Peoples Fire Insurance
Company stock sold for 6as. For 100 shares
Ga was bid and 6H was offered.
In the case of both Mergenthaler ana
Lanston better prices were paid than was
the case the latter part of last week. The
trading was not animated In either case
For Mergenthaler the bid advanced from
1S6 to 1861 and the only sale of the day
was made on that level. The bid was then
1861, but there was no stock for sale at
less than 1861.
The advance was greater in the case Of
Lanston, and the number of transactions
was also greater. but the aggregate was
only about 400 shares. The range of prices
was from 16 to 1914. The bid advanced from
15s4 to Is, and during the call the stock was
to be had at 1914. Saturday the bid was
1915 and the asking price 10.
The progress of the investigation at the
government printing Office into the order
given for the purchase of additional Lans-
ton machines Is being watched with con-
siderable interest by brokers. There is no,
doubt In the minds Of those who are Ia
miliar with the situation that decision
which changes the present situation Is go
ing to have an influence on the market for
those stocks.
The Merchants and Mechanics Savings
Bank has been elected q member of the
Washington Bankers Association. When
an increase Is made in the capital stock. as
contempla ted, in the near future. then the
announcement recently made that the stock
had been listed on the stock exchange will
be correct.