Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-01
HEARD ON 'CHANGE

The uncertainty that attends everything
in the range OF stock operations was en-
phaslzed in the record of this weeks trans
actions on the local exchange. The two
days that are generally productive of less
activity and interest than any in the week.
Monday and Saturday, proved the only ses-
sions this week when an active market and
fair volume of business gave reasonable
reward to brokers who have evidenced
much patience and good humor in view OF
sterile business conditions on the exchange
and consequent lack of commissions.
Bond sales occupy no inconsiderable por-
ton Of the record this week, and the trans
actions in Potomac Electric per cents ag-
gregated a round amount Original out-of-
town holders seemed to find no difficulty in
disposing Of all they desired to place with
substantial local accumulators of good
bonds. There was some call for Columbia
Railway per cents at 1O41k to 1O5; for Gas
first per cents, ex-dividend. at 100. and
for Chesapeake and Potomac per cents at
1O7.
The inquiry for Anacostia and Potomac s
per cents was somewhat less urgent when
the question of imposition by Congress of q
tax on the road Of $1S. 100 toward the cost
OF construction OF the new Anacostia bridge
was considered, the surmise being that ad-
dationat bonds might be sold to meet the
cost 1t seemed to be the general sentiment
that s61a was rather a moderate price for q
security held In as good repute in this mar
ket as Washington Railway and Electric
per cents, but the issue held fairly well
through the week at 81, although some
small transactions were recorded at the fig
ure first named. AS to Washington Railway
shares. both preferred and common, little
need be added to the statement made last
Sunday. 1t is said that outside interests
cd ali
wanted at between 81 and IS, and to this
somewhat urgent liquidation must be at
tributed the break in the price at one time
to Soh The earnings of the company are
creasing. and the decline is explained on
grounds not Of intrinsic value, but solely of
sympathy with other markets. Liquidation
In the common shares was still evident, but
sustaining orders placed on a scaled basis
were also apparent.
Capital Traction, like most of the stocks
on the list had its downward turn to 142N,
but investment orders quickly forthcom-
Ing caused much better range OF quota
tons. In the bank list Commercial was
strong with small transactions while a
number of quotation lots OF National Safe
Deposit and Trust were recorded at 1856
and 1877. City National was steady at 1874.
The record shows only fractional changes
from 60 for Gas, which for some time past
has been firm at this price. 1t is said that
the statements of the title Insurance COM
panies are favorable as showing a conserv-
alive increase in the volume of business.
The Commercial Trust Company of New
Jersey is the trustee named in the deed of
trust filed with the recorder of deeds yes
terday by the Potomac Electric Power
Company to secure an issue of $1,000 600 in
bonds payable July 1, 1886. Only $780,
COO Of these bonds will be issued at present
The proceeds will be applied to the con-
struction of the new eastern plant and the
balance will be held for future use
mil cka
Copper touching "a and Mitchell Mining
showing a continued downward tendency
Lanston, In sympathy with the rest of the
market, sold down during the week and
Mergenthaler at the close OF the week Sc
sured considerable attention at somewhat
improved prices.