Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-24
LOCAL FINANCIAL NEWS.

One of the features of "a pretty good day
as far as the volume of trading was con-
cerned on tho stock exchange was the dealt
ing today In the stock OF the Capital Trac-
ton Company. The bidding started on
about the same level az that of yesterday,
namely, 49, and fractionally less for quo
taaion lots Of twenty shares, and, what was
rather unusual. there were a couple OF bids
for OBSERVATION-DISCLOSURES lots at l4s.
All Of these bids were filed by one
broker. the total amounting to some $50
shares He afterward sold another hundred
share lot at the same figure as he got for
the other similar lots. Some quotation lots
were also sold. the entire sales amounting
in all to about 400 shares
The seller then had seventeen shares
left, for which he was willing to take
l4Sh ". but there was no bid at that figure
The stock was offered for 14S. but the bid
did not rise above 147x. There was no
or the lot that was for sale by the one
broker the market seemed to be we'll sup
piled. although there was no evidence OF
anxiety to sell.
The next best seller on the list was the
stock of the Mitchell Mining Company,
which sold In New York today on about
the same level as was the case In this
pended upon the taking Of options, which
was quite freely done at 14h. the stock
being had at Il 1t was still for sale at
that figure at the close, and the bid was
an eighth lower.
After call the trading went on without,
however. making any change In the figures.
the largest that has ever been recorded in
the short career OF this security on the
local list.
Official announcement was made to the
exchange by letter from the president or
the American Security and Trust Company
Of the date when the books for the trans
fer of the stock OF the company would be
closed. in order to permit the assignment
to the stockholders Of record of the stock
OF the storage company. which has been
organized to take over the business of the
storage department Of the trust company.
Although 1t was merely formal notice
and similar to those that have frequently
been read at the meetings of the exchange,
yet the reading was received with round
OF applause The reason for this emphatic
expression Is due to the impression that has
become general that there Is a tendency
among the officers of the corporations
whose securities are listed on the exchange
TO Ignore the exchange In this particular.
1t is proposed to correct this practice as
rapidly as possible.
With this view, the governing committee
yesterday requested the secretary to notify
the corporations of the requirement in this
particular. and request them to take pains
to see that due notice is sent to the ex-
cnange OF the closing of the books or of
anything else affecting the transfer of their
stock
Special attention is turned to this matter
al this time owing to the experience in the
case of the Second National Bank where
for several days the stock continued to be
dealt in on the exchange with the rights,
when as the books had been closed, the
stock should have been ex-rights.
Sales were made in the insurance stock
list, which were unusual on account of the
variety of the trading. 1t is seldom when
trade is made in this list that more than
one stock is on the market at the same
time. Today, however the stocks of four
companies were sold
The bid for the stock of the Washington
Loan and Trust Company stayed at 30
after sales of twenty shares at that price.
The asking price was two points higher.
The scarcity of this stock and the charac-
ter of the holding explains In part why it
figures SO seldom in the daily transactions