Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-27
LOCAL FINANCIAL NEWS.

The angel that has been nfighieninE ediO
market for the common stock OF the WASH
ington Railway and Electric Company for
the past three days did not put In an ap-
pearance today at the meeting OF the stock
exchange That Is to say, the broker VINO
has been doing all the buying was not there
today in that capacity, although he occu-
pied his usual seat But he was spectator,
and some OF the other brokers who have up
to this time taken no part IN the moVemehs
of the stock except as sellers, today turned
buyers, so that the buying, such as u was,
proved to be rather more general Sun,
| good deal of 1t had the appearance OF room
trading.
The total aggregate of the sales today
was SO. and the range was from 45ss 10
43k, although not In that order. AT the
close, the stock was held at the latter figure.
while the former was the bid. The bulk OF
the sales was at three-quarters, but there
was not much to be had at any one time
at that price. The favorite figure for any
amount of the stock was A. and at one
time several hundred share lots were on the
floor at that price
The broker who has UP to this time been
regarded specialist In this stock. but
who has taken no part in the recent trading,
either a buyer or seller, several times
offered large blocks. of 800 at Az and
the other of LOCO at ~.
These prices did not seem to tempt the
new buyer of the stock, ana so the
trading closed without his having figured in
Ii at all. 1t Is not known whether he is
out of the market entirely or not, but ~
is supposed that he is still buyer, for on
the street he is said to have offered today
within quarter of point of A for a
block of LOCO shares or more.
1t is conjectured that he has gathered in
about all the floating stock there IS avail
able at present on the market, for accord
ing TO some estimates he has bought recent
~ about ten thousand shares, counting
what he has bought off of the board. which
&c loo han fnr9th of hn pF1fi
Still it is thought that 1t may represent
what is looked upon as the floating STOCK
A new name has been mentioned in con-
nection with the recent purchasers of that
stock and that is John G. Gates of the New
York brokerage firm which recently opened
manager of his Office here, Mr.. Herbert
L. Jones, was non-committal today, al
though he had talked quite freely about
the first editions of fayorite American
authors in connection with q recent sale Oh
books of that character.
While it would be of considerable interest
to collectors of first editions, 1t DID not
throw much light on the question OF VINO
is buying street railway common ana what
they are going to do with 1t. Of course
the general theory is that Mr. Hume. VINO
is the broker in the case. owing mainly 10
his supposed former commissions from MI
John r. Mclean, is at this time represent
ing that gentleman and his associates IN
the purchase of this stock
In the same connection IL Is sa1d tilal
Mr. Gates has gone in with other New
York men in the proposition for the
bringing together of various corpora
tions in this city. On the other hanu'
there are not wanting those VINO are
inclined to believe that, after an, tnis
may be a move in the direction OF pull
ing this particular stock, and When the
boom which has been been started mas
raised It sufficiently then they will be
in a position to unload. In fact, there
are all kinds of things said, and in the
abundance of gossip there Is not much
that can be depended on as reliable
It may be the present buying is over
for the time and that the market will
be allowed to go on It's course, IN the pc
lief that the stimulus which has peen
applied will continue to keep 1t on an
ascending level.
The other securities of the company seem
to have been but little, If at ALL afected
by the demand for the common stock. ex-
cept perhaps-and that Is an important
particular-the downward movement Willen
was gaining some headway, mas oesh
checked and the course in the opposite III
rection has been taken. AK
The 4 per cent bonds showed snght
advance as compared with the nguTes OF
vest er(lay but the demand was limited
one and while bonds could be had at eeA,
the bid did not rise above IS after sale
at an eighth of a point in advance
There was practically no change In the
figures for the 5 per cent preferred stock OF
the company. A coupe of lots were taken
at 80 and there was more to be had at an
eighth of a point advance The broker VINO
is the present larger buyer of the common
stock came out with bid OF SSSi Tor one
thousand shares of the preferred, while
what might be called the ex-principai
broker in these securities big 80 for one
thousand shares and offered such lot LOT
an eighth of point in advance
The other securities on the list did not
bring out much trading. There was some
thing done In gas stock. which sod as hgn
twenty-five shares, while yesterday the
stock was offered at 6lA