Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-07
LOCAL FINANCIAL NEWS.

In addition to the preparations that have
been made by the committee of the Wash
ington Bankers Association for the recep-
ton OF the members Of the national body
who win be here next week, some OF the
individual banks are going to show atten-
ton to such OF the delegates who are con-
nected with them In business way.
The prospect is that the days of the con-
vention win be well occupied and 1t will be
q busy time both for the visitors and for
the entertainers.
The coming session of Congress promises
to be of interest to those connected in any
way with street railways In this city. 1t is
understood that the application will be re-
newed by the Old Dominion railroad for a
right of way across the city to the union
depot and the eastern portion Of the city.
The work on the Virginia section is max
Ing good progress, and 1t Is understood that
by the time the road is finished and equip
ped some three-quarters Of million Of dol
lars will have been spent.
The proposed bond issue OF a million dol
lars will. 1t is thought, be deferred until the
future of the company is made more def
mite By the latter Is understood to be meant
either Congress granting the privilege Of a
city extension or some form of working
agreement adopted with one or both of the
existing street railway systems. There Is o
good deal of gossip about the latter phase OF
the situation, and there are those who do
not hesitate to say that merging Of street
railroad interests here Is by no means an
unlikely probability.
There was but little demand for securities
in any part Of the list at today's meeting
of the stock exchange.
The bond list was run through without
sales of any great consequence, and what
changes were made in the quotations were
without significance. A couple of the te1e-
phone bonds sold for 1851 and more were
wanted at the same price price IN, The asking king
sales of several blocks Of steamboat bonds
at ITO, and the buyer was willing to take
more at the same figure. There were none
offered for less than III.
A good deal of buying, largely in frac-
tional lots, took place in Capital Traction
stocks. on a rather limited range of 1451z
to 146. The latter was the bid at the close
and stock was offered at a quarter of a
point in advance One hundred shares were
offered for 146&.
The preferred stock of the Washington
Railway and Electric Company was sold at
90 and there was more to be had on the
same level, both In large and small blocks
An option was sold at 931s and 100 shares
went for 92A. 1t was for sale at an ad-
vance of eighth. but without result.
The bid rose to 92A but that was with
drawn and 921a put In its place.
There was plenty of the common stock for
sale, and at the outset 1t was offered at
43%, which was the principal selling figure
OF yesterday But there was no market at
that price. 1t was to be had later on. at
lower figures, and sales of quotation lots
were recorded as low as 1885 The bid did
not rise above 431s. At the close 43ss was
asked and that was the bid. -l-e
Gas stock to the extent Of two twenty
five share lots sold for 611a and 61B. An
offer was made to buy or sell at the latter
figure and 1t was finally accepted to the
Of 0Oe twenty-five share lot. s-.-,-.
An option of 100 shares was offered at
61A A bid of 81 was made for 100 shares.
At the close 61A was bid and GIN was
asked "