Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-18
LOCAL FINANCIAL NEWS.

The WORLDLY condition OF the now 1oE4
market may have sorne influence upon the
local market. At any rate. there has been
decided falling OF in activity for some
days past. This is shown not In the prices
as much as in the<volume Of trading.
There has evidently been as little press
ure to sell as there has been inclination to
buy so that the quotations made from day
to day show but slight variations. Even
in the class OF what may be termed specu-
lative securities on the local board. there
are but few indications Of q rather Inactive
market. Prices have been maintained, ana
that seems to be the feature Of the present
situation which Is likely to continue until
the period arrives that Is most welcome
to brokers-wheu orders begin to flow In
All the bonds of the Washington Railway
and Electric Company that were for sale
at 9Ox were taken. and the bid was on that
level. with the asking price at 9Oh. At the
close the bid was withdrawn and 9OA was
substituted. Yesterday the bid was 9oh.
The bid for the per cent bonds Of the
Potomac Electric Light Company ad-
vanced from 1O7. which was yesterdays
bid, to 107A. There were no bonds Of
fered for sale less than losh;; ~. cnesa-
peake and Potomac Telephone Company
sold for 1O7ss and 10TH, and then the bid
was 1O71l and the asking price l0I%. Inc
former was Withdrawn and 107B was SUD-
stituted.
The disposition to trade in the preferred
stock of the Washington Railway and Eiec-
trio Company is shown by the hguTes' as
93A was bid and 932 was asked. with the
sepa ration of an eighth between buyer anu
seller nothing was done. 80
The same thing occurred in the case OF
the common stock, as 81 was bid ana o'7s
was asked.
Ten shares of Union Trust Company,
stock sold for 126, and the stock was SUN
to be had at that price. The olo was LOB
One of the periodical movements of the
usual galvanic character occurred IN ne
stock of the Bank of Washington. 1t start
ed with the offering of ten shares 1or SAFE
and a bid of 400 being made for the lot.
The bidder also made the statement, Wnich
was received with vocal expressions or from
ical amazement at his boldness, that he
would give that price for ten or for 500.
The latter is one-fourth of the capital stock
of an institution that has as little of what
might be termed floating stock as any In
the city There was no surprise that his
proposition was not accepted. However. a
four and three-share lot were sold at 49O,
and that was continued as the bid, and gu
was asked which closed what might be
termed 1.-The furry in Bank Of Washington
stock.
An offer was made to sell fifty shares Of
washington Title Company STOCK az +. Aie
best bid for the lot was 312. For 100 shares
3 was bid and there was no offering.
An advance was made in the bid price for
telephone stock of two points, as compared
with yesterdays record. There was no
change in the asking price, which was 40,
and 40 bid.
Only half a point separated buyer ard
seller In gas stock, but nothing was done
except to send the bid up 61h, and "
asked.
Mergentha1er sold at 19OM to 191 and
after the sales 191 was bid. The latter was
withdrawn and 1901 was substituted The
asking price was 1914.
There was good deal of trading In
Lanston on range from 1411 to IAN. AT
the close 14% was bid and 147s was asked.