Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-09
LOCAL FINANCIAL NEWS.

The announcement was made today OF
the sale by DR.. Ralph Jenkins of his seat
on the Washington Stock Exchange. The
purchaser was S. II. Agnew, who is con-
nected with the office of E. r. Chapman
&c Co., brokers. of which G.. Bowie Chap
man is the manager in this city.
Mr. Agnew intends to go into business for
himself, and in that connection he will do
a local stock brokerage business
The price paid was $4,000, which is the
fourth seat that has been sold at that fig
ure It is stated now there are no more
seats for sale. with perhaps the understand
ing that IL the price Is made satisfactory
some other holder would be willing TO part
with his title to his membership in the ex-
change.
For some reason the custom that used to
prevail to a considerable extent of setting
out lunch on the occasion of the annual
Dank election has been abandoned. and now
the stockholders of the various Institutions
instead of eating their midday lunch at
least on one day in the year at the COM
mon expense, get their lunch just as they
are used to do on other days of the year
1t is not without some regret that those
who recall the former days think of the
salads and ices and cold turkey, to say
nothing of punch and cigars, that used to
be spread with profuson In the directors
rooms, and where all were invited to come
and partake of the generous fare.
There was no trading in the stock of the
Capital Traction Company, although better
prices were bid for it than was the case yes
terday, when an advance of some three
points was recorded 1t was evident there
was no stock for sale, and so the better
market did not result in trading.
One of the brokers who is identified with
the company evidently has his own views
about the value of the stock, which do
not seem to be Influenced by the market or
what others think this subject. So to-
day he was still bidding 145, and when the
others ran up the bid over three points
in advance, he merely remarked that it was
too high.
Another director of the company, who is
also a member of the board, seems to think
that 1t is a wise thing to pay these higher
figures, and yesterday he was a buyer on
that level. All of which goes to show that
men may sometimes look through the same
peephole and then not see the same things
The transaction in telephone stock was
record-breaker, as ssh was paid for sew
eral lots and 50 was bid for more The adj
vance in the price for this stock is such
that it will soon come to be one of the ac-
tive stocks in the list. 1t Is thought that
either the company is getting ready to re-
sumo the payment of a dividend or some
thing else is going to be done soon for the
benefit of the stockholders. The entire cap
italization is over two million and half
but 1t is understood that the parent
Bell Company owns a control, the supply
for the market is not as large as the total
issue might seem to indicate.
There was nothing of interest occurred In
the case of the securities of the Washing
ton Railway and Electric Company, except
IN the case of the bonds, when as the re-
suit Of considerable trading there was quite
an advance from the rather low level which
has been maintained for some days. Sales
were made from SI1a to So.