Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-17
LOCAL FINANCIAL NEWS.

The steady progress of the mercury up
ward made the temperature in the room
where the daily meeting of the stock ex-
change was held rather sultry today. There
was nothing sultry about the trading, how
ever. which was quite as active as on a
winter day, and as far as the prices were
concerned they seemed to be ambitious to
outstrip the weather in making a high
record.
This was especially the case with the
stock OF the Capital Traction Company.
which in the upward course that II has
been pursuing for some weeks past actually
Outdid Itself and made an advance of over
points as compared with the best price OF
Saturday.
This was accomplished so easily. without
any exertion. that 1t seemed to be an es-
pecially appropriate movement for hot
day. The bid began at LAG. which was the
bid of Saturday. and ran up half point
when further impetus was given by q
broker bidding 1891 for 100 shares as well
as for twenty shares
The lowest offering was 148. and the bid
ding went up to that point before sale
was made. and then some no shares were
gold at 14S. An advance of an eighth was
made in the asking price, and twenty shares
went at that figure. Then that was the bid
and 14SA was asked. The latter was with
drawn and 14S2 was asked. An offering of
100 shares was made at 1854.
1t was evident there was more stock for
sale a little above the bid, but no further
attempt was made to get it.
More trading was done in the preferred
stock of the Washington Railway and Eiec-
trio Company than has been the case in re-
cent days. The volume of the sales reached
$50 shares. A feature Of the trading that
has not been familiar for some days was
the demand for options. These were bought
on range from 81 to Ola and the sellers
buying the stock increased the aggregate OF
the transactions.
The stock sold for 90a4 to 9Oss. on a de-
scending scale. but it is evident from the
buying of options that there is a belief that
ar upward movement is to take place in
this security
There was good trading in the common
stock. the aggregate of the sales reaching
$50 shares. The scale of prices was from
3a112 to 1913. which show an advance over
the prices of Saturday. when sales were
made at 1913 and 1914.
Several times the figures 40 were repeated
in the trading. as some one offered the
stock at that price. This is the point which
has been predicted for some time past that
the stock was to reach. But 1t did not
quite get there, that which was offered
for sale at 1875 was not taken.
There was no trading in options and no
effort to do so. At the close an offer was
made to buy or sell 100 shares, or any
part, at 1878 The closing figures were 39s
asked, 1898 bid.
A change that was a marked one came
over the trading in Mergenthaler. for there
was a strong buying demand and very lit
tie disposition to SELL Since the proceedings
have been in progress at the government
printing office this stock has not been con-
SpicuOuS in the transactions Of the ex-
change While there has been no stock
for sale. there has also been but little in
clination to buy.
Today. however. the change in the s!tua-
ton was very noticeable, as there was a
persistent demand for the stock. ...s.
1t was not long before the bidding rose
above the level Of Saturday, which was 1SS
to $780, and that was the bid for 10 or for
100 shares. From that point rapid ad-
vance was made to 191A, but there was no
stock for sale at any price, at least none
was offered
After call, however. some eighty shares
In ten-share lots were sold at 1911 which
is getting the figures back to the level Of
the early part of the present year, when
the advance was in progress due to the an
tfc1pat1on OF the payment OF the STOCK
dividend
There was not much change in the prices
paid for Lanston. as compared with those
of Saturday. But there was a good deal
more stock traded in. The sales reached
1000 shares. which is big days business
in this security, especially as compared
with the record Of sales for the past week
or
A good deal was done in options. which
sold from IA to 143s, while the stock was
secured at from 14A to ii Is.
Mr.. Brice J. Moses has the sympathy OF
his associates in the death of his mother
which occurred yesterday.