Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-10
LOCAL F1NANc1AL NEWS


The buying In the case Of the common
stock Of the Washington Railway and
Electric Company was strong enough at
today's meeting Of the stock exchange TO
advance the price fractionally to 43, a range
OF about a half q point The trading was
mainly confined to two brokers, the buyer
and seller. but now and then some other
broker came in. and toward the close there
was quite a demand for options which
was satisfied to some extent.
The trading while not extensive was in
marked contrast to the Indifferent buying
of the past few weeks. and IL the activity
mad extended to other issues might have
been inferred that the market was regain
ing It's normal tone @
Some brokers. however are of the opin-
lon that the volume of business will not
De materially enlarged until money Is
more abundant, and, according to the view
of one. 1t would be more plentiful here IL
bankers kept 1t available for local use in
stead OF sending 1t off to New York.
1t is not thought that this describes the
general condition, for while there is a re-
strlcllon on loans and a higher rate of in
yer terest TO some extent. 1t is the, result OF
the voluntary action of the bankers, who
deem 1t best to not extend their loans
until the outlook is more certain.
ton Railway and Electric Company con-.
tinued on its upward course. Although
there was only limited dealing. today the
bid reached 49,
There was no change in the figures that
have been quoted for the s per cent bonds
OF the Potomac Electric Light Company,
and nothing was done in these securities.
1t Is understood that the plan for the
purchase of a site in the eastern section
of the city and the erection Of a new power
plant are we'll under way, so that there
H. H. - hot II IN
expected demand for poYer for the street
railways and the electric lighting which
is the work of this company.
AS is we'll known, the present plant OF
the company at the corner of 14th and b
streets northwest, while having more IMAM
double the capacity of any power plant IN
the city, Is gradually being outgroWn, 81
though when 1t was designed 1t was thought
that with it's possible engagements. which
have already been made, 1t would serve
it's purpose for many years yet to come.
The. growth Of the business has peen
such that 1t has exceeded the expectations
of the most sanguine, and so the pr1nclpai
power station, which was supposed origl-
nany to be there for all time will In the
course of year or so give place 10 INC
and larger concern.
An effort was made to buy the stock of
the Real Estate Title Company that mas
been offered for some time past at 90. The
bid advanced from so to 81. but without re-
suit. 1t was inferred from the better prices
that the annual report of the company mace
a good showing of the business for the
year. The company associated with the
real estate, namely, the Columbia, showed
no change in the figures quoted for its
stock.
A Slight advance was also made In the
bid for the stock of the Washington Title
Company, but there was none offered for
sale. This latter company belongs to a
pair which Is working on the harmony or
into ,1ar hal a
successful in the case of the companies
first named.
The place on the board of directors of the
Capital Traction Company, made vacant
by the recent resignation of Mr.. Z. &.
Glover, was filed today at the annual meet
ing of the stockholders by the election of
Mr.. H. D. Champion, the secretary OF the
company, who for a number of years past
has been the right-hand man Of President
Dunlop in the work OF the off1ce or the
company. -
with this exception the personnel OF the
board remains unchanged. .-t. "a.
The directors met after their election
and chose the officers, re-electing the same
dent, which position was filled by Mr.. Clio
yer and from which he also resigned. In
his place Mr.. A. Hurt was put -.
After the election the directors met and
chose officers as follows: President,
George T. Dunlop; vice president, A. Hurt;
secretary. H. D. Champion. and treasurer
r. d. Sims.
The annual meeting of the stockholders
of the American Graphophone Company
was held in Bridgeport, Conn, on the sth
instant.
The resolutions to increase the capital
stock to $40 900 ca, and to give the direc-
tors power to dispose of the new shares;
to raise the par value Of the shares to 800,
and to Increase the number Of directors
from fifteen to seventeen were carried with
out a dissenting vote. -.-1'7...