Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-03
LOCAL FINANCIAL NEWS.

The uneventful course of events at the
daily meetings OF the stock exchange for
some days past was not changed at the
meeting today. The main topic Of discus
sion among the brokers was. of course, the
resignation of Mr.. Glover from the official
places he has held for 50 many years I'm the
Capital Traction Company.
There Is good deal OF interest in the
subject and much comment. but nothing
has developed thus far that throws further
light on the situation From the point OF
view of Mr.. Glover the matter is already
illuminated to the full extent In the state
n:ent that the resignation Eas no further
significance than his desire to be relieved
somewhat from the heavy responsibiuties
and interests that rest upon him.
At the meeting of the stockholders OF the
company next week, when the annual cleo
ton will take place, the vacancy on he
board of directors caused by the resignation
of Mr.. Glover will be filed. 1t Is not an
nounced whose name has been placed by
the directors upon the ticket that will be
voted, but there are those who think 1T viii
be spelled the same way as Mr.. john H.
Mclean spells his.
There was nothing of consequence that
distinguished the trading today In the
street railway securities. which was rather
slight in volume. The prices were about
what has prevailed for some days past,
and there seemed to be the usual abund-
ance of the supply of the Washington rail-
way stock at the market rates.
Capital Traction stock sold less than 100.
but only one quotation lot was traded in,
and 149Z was paid for that.
Some lots of gas stock sold at sos, and
more was wanted at the same level, but
small advance was asked. which was suf-
fcfent to put a stop to the trading.
The vacancies in the official force of the
company. caused by the death of Mr.. John
Eror fhA ND
the superintendent have beens filed by
bringing together in the case Of the first
mentioned office the positions OF secretary
and treasurer. and making Mr.. w. b. Or
mer, the secretary of the company. the
holder OF the consolidated positions.
Mr.. w. f. Hart, who has been connected
with the company for a number of years,
has been made superintendent
1t is stated to be the intention OF the
managers OF the Bristol Gas and Electric
Company at the meeting in the coming
April to declare dividend of g per cent
upon the stock OF the company, which IS
to be paid from the earnings of the COM
pGny. The bid for the stock on the board
today was ~ and 40 was asked: 80 was
bid for the per cent bonds.
There is some talk of having the secart-
ties of the electric road running between
this city and Alexandria and Mount Yer
non listed on the exchange. The improve
ana apply to the running stock well as
to the roadway, and this equipment Will
make 1t good, modern road.
There was quite a good deal of trading In
the rights to the stock Of the storage COM
pany which Is TO be organized from the
storage department of the American Sc
curity and Trust Company. The prevail
ing rate was S. per share of the stock of
the present company and on this basis it
is evident that the market value of the
new stock is looked upon as being about
$3.50 per share.
Reference was made when the stock OF
the Norfolk and Washington Steamboat
Company was called to the report that u
new line of boats was to be started between
this city and Norfolk. There is no general
trading In this stock. which, like other good
things on the list. is rather strongly held,
but when the bid price was scaled down
somewhat, In consequence of this prospec-
tive rival. no effort was made by Its sup
porters to make any change. 1t may be
said that those interested in the present
company are inclined to be somewhat scep-