Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-27

Washington Railway and Electric Was
again the factor on the stock exch3uSe to-
day The bonds were In demand. but the
trading was not large, doubtfess because OF
the steady advance The bonds sold at 06K
Bids Of a8h. eox. S6x and S6x failed to
bring to light any OF the desired securities,
and not until 81 was reached did any Offers
materfalfze. One thousand dollars was sold
at that figure and an addition $50 at 81 IS.
The common stock was not 80 active; 50a3SX
and 50aS9 and 50a2SN after call were re-
corded The preferred stock was more ac-
tive than the day previous 20 going at
SIN. showing steady and healthy fraction
al advance ali through the trading. There
would have been more business done In
the bonds at the market price, but they
were not In sight. A local broker has
standing order to buy them in large lots.
Although the government has the right to
redeem the new Panama bonds in ten
years. 1t has been clearly shown that there
is no likelihood OF its being done. and In
reality the bonds are considered by the
treasury officials to be Panama 2s of 1895.
The bonds therefore with which banks will
naturally measure their value are the 70
104x.
These prices present the anomaly OF
bond with thirty years to run selling at
lower price than one bearing the same
rate Of interest. but redeemable In twenty
four years. With Panamas Of 1886 at
l04 40, the natural selling price Of the issue
OF 1880 would be 1O4k Instead OF 104N.
This indicates INSTRUMENTATION the lat
ter must come down or the former go up.
Several Washington men and women
realized handsomely on their quick wit In
connection with the recent sale OF Panama
Each Is better OFF to the extent of several
hundred dollars today. The New York
papers have been full of the story OF
Byeriy. the New York express clerk, who
sold out to Fisk & Robinson his bid for
nearly 100000 Of the Panama bonds at
profit OF several thousands. The Washing
ton people did not display as much nerve
as Byerly. who did not have penny of
money invested. but. nevertheless, they
did We'll One Of the successful Wash
ington men was John w. Mitchell. He
bid for 100000 of the Panama bonds at
104 and was allotted that amount. Then
he began to look around for purchaser
He disposed of bis bonds to Fisk & Robin
son and will, as a result, have some vaca-
ton money this year.
John L. Warning, bank agent at 1416
F street, was luckier. He put in bid for
himself for 100000 at 103.S75 He like
wise put in a bid for his wife for 100000
at 104125 He has disposed of his bids to
Fisk & Robinson at a good figure In the
same Office with Mr. Waring is John J.
Needing. He put In bid In the name OF
rs VILE Eva IucAdlu hculHS, LOT $oUUp-
600 at 104. He has sold his bid to Fisk &
Robinson. who now control about $22,-
100000 of the $30,oo0.0O0 that was issued
Mr. Needing and his wife expect to use
the profits of their transaction for trip
to Minneapolis to attend the national en-
campment of the G. A. r.. Mr.. Needing
being an officer on Ge1. Tanners staff.
The luckiest man of the bunch was Mr.
Warning, whose low bid enabled him to
make greater profit on his transaction.
He was formerly bank cashier at
Petersburg.
Lanston took another short jump yester-
day. The sale price was 14A, and only 100
was sold at that figure. Today brokers with
orders had to pay lax for 100 and 141s for
400 shares. The advance on a stock Of this
description, however slight at this time OF
the year, shows it's healthy condition the
brokers take 1t, and another fractional rise
Is anticipated In the next few days.
Green Copper was stationary, 300 shares
being sold, 100 at rs less than yesterdays
price.