Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-15
HEARD ON CHANCE

The local condition continues to reflect
that of the general market This means a
limited amount of business Is being done.
Inc attitude Is that of waiting for some
thing to turn up. When that Will happen
ana IN what direction remains one Of those
questions about which very little is known.
II Is expected of course when money
becomes more plentiful there will be a re-
he"ai OK buying and selling, but whether
~ VIII De along the same lines as in the
past - not predicted with any confidence.
me securities OF the Washington Railway
aHo Electric Company, which have been
the most prominent of any of the securities
on the local board, owing to the amount of
business done in them. have been neglected
along with the rest of the list
Even the near approach of the dividend
PERIOD IN the case of the preferred stock
mas had very little effect on the prices al
though on the first of June a semi-annual
u .,.;n amounting to $3.50 on each share
r will become payable. The stock has not
down from the level Of about "a. which was
attained last fall. while on the other hand.
me common stock, which pays no dividend.
est point reached
During the past few months process of
assimilation has been going on and the
market here has absorbed a large quanti-
" or both series of securities and IL ha g
been evident that both are more strongly
ned than ever before. The bonds of the
company share in the indifference that is
SHOWN in regard to the stocks and are SELL
ing at lower figures than might naturally
be expected. 1t is not clear exactly why
such condition continues as the only ex-
pianation that seems to be forthcoming
Is one that has to do with the general
market and its state
some attention Is given to gas stock and
there Is an intimation of one of those peri
odical movements for which this security
Is noted AS usual there seems to he a
fair quantity of what may be termed float
ing stock on the market and the trading
rhat takes place Is largely a series of back
and forward transactions which does not
necessarily involve the transfer of very
much stock
AS soon as the upward movement be-
comes more defined 1t may be expected that
as usual there will be more general
participation IN the trading than al present
Is the case. The tip in regard to the prob
ability of an extra dividend does not as yet
appear to have gained general credence and
1t may be that event is not slated for a
very early elimination.
The type-setting machine stocks and also
the copper stocks give no promise of any
thing that will attract the investor or the
speculator while the bank stocks are prac-
tically removed from the active list. 1t
may be possible that the fire insurance
stocks, at least some OF them, will come
In for some attention, providing, however,
any progress is made in the efforts to Sc
cure control of two more of them
with the view of consolidation or liquida
ton.
Thus far the former seems to be the OBJ
ject, as the offer that has been made In
one case is for the purchase of control
of the stock and not for the entire amount.
In the latter case it is supposed that liqui-
H. .if yI-hi .Qr11Sy mt g61
was secured the business would be joined
with that of some other company.