Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-26
LOCAL FINANCIAL NEWS.

he dCSlOH VI the EfeSlQ6nt HI uOtdii8 w
the order for the additional Lanston ma
chimes for the government printing office
pending an investigation. naturally created
widespread comment among those inter-
ested IN the securities OF the two COM
panies. The point of view Influenced large
ly the expressions Of opinion on the sub
ject. and 1t made quite a difference whether
a Lanston or Mergenthaler man was dis
cussfng the matter.
The trading on the exchange at the meet
ing today reflected somewhat the fmme-
date effect. Upon the call Of MergenthaleF
the bid was an eighth lower than the
closing bid on Saturday. but soon came up
to that level when 1S4N was bid For a
time there was no Offering made OF tho
stock Then 1t was to he had at 1854
and also an eighth OF a point lower.
The bid rose to 1S5 and the stock was for
sale at 1851. The latter was Withdrawn
and 1851 was substituted and these figures
remained unchanged at the close.
There was not much disposition manifest
ed to trade. and in fact there was no trad
Ing. Saturday the closing bid was 1S4h
and the asking price was 1854
An immediate response met the first bid
for Lanston, which was 16. quarter OF q
point less than the closing bid Of Saturday.
at which time the stock was offered at 1871.
The sale Of the first 100 shares at 16 to-
day was followed by repetition of the bid:
which met with a prompt sold" The bid
was not repeated and the stock was Of
fered for sale at 1873. An offer was made
to sell 800 shares at 16. which was not
taken.
A buyer not appearing. the stock was
offered for 15A. but that was soon with
drawn. and 16 was substituted A bid OF
151s was made and then 1875, and again
the stock was offered at 15B, and then an
eighth less and finally withdrawn. the IL
stock being put in its place.
Finally another offering was made at 15A,
which was taken, and when the bid ad-
vanced to that level seller met 1t. The
bid was repeated with the same result.
Then there was sale IS higher. and again
the 154t level was reached. The stock was
then for sale at that figure, but the best
bid was 1875, and the trading ceased
Altogether 700 shares were traded in. The
opinion is held by some that the uneasiness
caused by the executive action is likely to
result in lower prices, while on the other
hand the belief is expressed that the stock
is to go higher
A noticeable feature of the trading was
that the broker whose large buying Is
thought to have been mainly the cause or
the recent advance took no part in 1t. He
was merely spectator.
1t looked for time as If National Safe
stock was going up to its former level OF
200 and more. Rapid strides were made IN
that direction and the advance over
the closing bid on Saturday was about five
and half points. The sales. however. did
not comprise more than IS shares and II
there had been more stock for sale the
ascent would probably not have been as
rapid. The holders were not tempted by tho
better figures. and those who had been
holding at 1885, which IS about the normal
level. had either let go or were willing to
still retain their stock.
At any rate. when the bidding reached
191, which 1t did very promptly. leaving
Saturdays bid of 1894, three ten-share
lots were secured, and then there was no
more to be had at that figure. The other
sales were on range of 1917 to 1874, and
for five shares 1876 was paid, which was the
highest price.
The bid went as high as 1885, and that was
made not only for ten shares, but for any
part of one hundred shares. There was no
response and the bid was withdrawn, and
1913 was bid and 1875 was asked.
Gas stock was traded in to the extent Of
134 shares. the range being from 59s to 60.
The bid for 100 shares went as high as 59a4.
For the stock the best bid at the close of
the trading was 597s. The stock was to be
had at 60. The latter was withdrawn and
6UA substituted
Fifty shares sold for 9OH, comprising all
the trading in the preferred stock of the
Washington Railway and Electric Com
PAM. The bid remained at 90A and 9O12
was asked.
Somewhat better figures replaced those OF
Saturday. 351s bid and 1855 was
asked.
Several blocks of the Norfolk and Wash
ington Steamboat Company bonds changed
hands at 10 and HOY. The bid was then
ITO, and 110A was asked.