Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-15
LOCAL FINANCIAL NEWS

The first report ever made by the Chesa-
peake and Potomac Telephone Company
OF the receipts and expenditures for
the calendar year 1904 has been sent
to Congress This action was In
compliance with section of the District
appropriation bal of last year which re-
quires that every telephone company doing
business in the District of Columbia shall
annually. on or before the 18th of January
OF each year. report under oath to the
Congress a classified statement of It's re-
ceipts and expenditures on account of can
ltal, as we'll as income and operation I'm the
District of Columbia. and that such report
for the first year shall state the actual cost
of their works in the District OF Columbia"
According to the figures furnished. the
gross earnings of the company for the year
from the telephone business amounted 10
SG43. 1S3 and the net earnings Sf6311 From
the proceeds of the sale of the company's
notes the sum of S453, COO was expended in
conduits. cables. poles and the equipment of
the central office.
Trading in Gas stock today brought the
prices up 10 the highest level reached thus
far in the upward course which has been
In progress for several DAYS past. There
Is nothing generally known as to the
causes of the higher figures more than
was the case when the movement began.
Then it was attributed to a feeling of con-
hdence that one of the periodical extra div
idends was i'm sight, to be something like
the last one that was paid
As far as is known there has been no
change in the opinion on this subject but
whether-it has any more reliable foundation
than guess pure and simple remains to
be disclosed by the events.
The buying continues to he strong and
does not seem to be materially diminished
by advancing prices. Today. for example.
when the trading on the call ceased.
COL @1,1a
GtV shares. and the range of price was 6Iis
to 61R Yesterday the bid for gas stock
was 661s. ard no stock was offered for
sale. The day before the highest figure Sc
cured was 65h
Today's record shows an advance of two
points over that of Monday. One hundred
shares in four twenty-five-share lots sold
for 6l1s. and then there were sales at GI3s
and eta, the largest amount being taken
at 67A.
During the trading the bid for 100 shares
was 81, and there was a good demand for
blocks of that size or in smaller amounts
at prices ranging from 67A to 67Ia A 100
share lot was secured for 6TiA. and after
call another similar lot brought 611z.
At the close of the trading on the call
there was stock for sale at 6TI2. The bid
then was GIL
Some of the bonds of the Washington
Market Company We're dealt in, which was
idtHSi uuuSudl, DIS tUty are not frequently
offered couple of 81 900 bonds of the
issue due in 1925 brought III and 1I2h re-
spectively, and s.. 700 of the 1923 issue 1l2I.
Bonds of the Washington Railway and
Electric Company that were for sale at IS
were taken freely, but after the sales OF
seven $1,000 bonds they were still to be had
at that price. The bid then was s77s.
Gas certificates were dealt In to some
extent and on about the same level as that
reached within the past few days 12lzs
and 121A was paid They were still to be
had at 12lA and the bid was 121k
Quite good deal of trading in Greene
Copper for 27& to 271a was DONE which is
nearly a point in advance of the quoted
prices of yesterday for that stock ..-
No material change was made In the fig
ures for Mergenthaler and the trading was
limited. Nothing was done in Lanston