Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-30
LOCAL FINANCIAL NEWS.

There is considerable interest here In the
apportionment that is to be made of the
subscription for the new japanese AZ per
cent loan which closes today. The news
comes form New York that the issue has
been largely over subscribed just was
the case in London. The entire loan OF
SlO.oO0.0O0 was divided equally between
these cenfers
The bonds were offered to subscribers at
S'h and yesterday they were selling In
New York. or rather the right to them when
issued. on range from SO to 50. In this
city 1t Is estimated that the subscriptions
made by financial institutions for their
own use and for their customers amounts
to somewhere in the neighborhood of a
half million of dollars
Owing to the over subscription and the
consequent apportionment that will be made
the total allotment to this city will probab-
ly fall much below the amount named.
While the transactions in securities in the
bond list at today's meeting of the stock
were unlmportant far as the volume
went. yet it was noticeable that the de-
mand continues to be quite strong. and that
higher prices do not interfere with dealing.
The securities of the Metropolitan Raj
way Company as. indeed. the entire line or
the underlying bonds of the Washington
Railway and Electric Company, were In de-
mand today. as has been the case for some
time past.
An advance was made In che bid for the
Metropolitan Railway Company IS from
119 to 119h, while for the certificates,
series and Il of the same company. 104
was substituted for 103. which was yester-
days bid. OF the latter class there were
no offerings.
The highest price yet paid for the Po-
tomac Electric Light Company's five-cent
$1,000 each; 1861 was the price. and that
was the bid for more, but there was none
for sale at less than 106ss.
For the @ per cent debentures of the
L. s. Electric Lighting Company. which
are underlying security of the Potomac
Electric Light Company, lO5 was paid. and
that continued to be the bid. The asking
price was 1862 The certificates also went
on the same evel, and the bid and asking
prices were the same as those in the case
of the debentures.
Five lots of 81 coo each of the per cent
bonds of the telephone company were
bought at 107s. and they were still to be
had on that level. The bid was then 107.
The preferred stock of the Washington
Railway and Electric Company sold on a
higher level at the opening than was the
case yesterday. Seven fifty-share lots were
taken by the brokers at 9.IA and subse-
quent transactions were made at prices
ranging from 93A to %.
Altogether the transactions recorded ag-
gregated some fifteen hundred shares. At
the close the bid was 80.
The common stock brought better prices
than have prevailed for some days past.
The sales made were at 30 and 35M and aE-
gregated three hundred shares At the
close the stock to be rad at 35b and
81 was bid.
One block of gas stock was sold for Ga.
The stock was then offered for 61h and
G67s bid One hundred shares were to
be had for Ga, and for such a lot 66ss was
bid.
The transactions in Lanston were con-
fined to 40 shares at the uniform price of
16, and there stock still offered at that
level The best bid was 1JH. Before the
close the asking price was withdrawn and
l6k was substituted.
A couple of ten-share lots of the stock of
the Norfolk and Washington Steamboat
Company sold for 2T4 and 3D. which is the
best price yet recorded in this stock. which
is seldom traded in, as the entire issue is
held by those who are apparently well sat
isfied with their investment