Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-26
LOCAL FINANCIAL NEWS.

There h still q market for the common
stock OF the washinsto1 Railway and Elec-
trio Company. That was demonstrated very
clearly by the character OF the trading on
the stock exchange today. II had not been
anticipated that between Saturday and
Monday there would be any great slump In
the price of this stock, or that the demand.
which has been such a prominent feature
Of the local market. would disappear by
that time. Still there was some curiosity
to know whether the buying that has been
80 strong during the past two market days
had reached It's limit and the further adj
vance OF the stock would cease for the time
1t was quite evident from what took place
today that the same broker vino has al
ready bought on the market during the past
two days In the neighborhood of 100
shares was still out for more OF the stock
and was willing to give somewhat higher
figures The only hitch in the trading was
the slowness with which those who had the
stock for sale came to conclusion that
the current values were as high as they
were likely to get.
There was very little stock that was for
sale at these prices. and 1t was not until
the bidding approached A that any amount
of stock came out. OF the 1.7OO odd shares
that comprising the trading today--and
practically the entire amount was bought
by the broker who has been taxing all the
stock that was to be had-nearly one-half
sold for A, and it was not until the trading
got on that level that blocks of any size
were offered for sale. Even then there
was no block larger than 200 shares for
sale.
The buyer made bids of 43S for a thou
sand shares. and inquiries from him as to
whether there were any round lois ior
sale elected no response and the conclu-
sion might have been reached that the
stock was getting very scarce.
The range of the prices today were from
43es. which is an eighth of a point better
than the best price paid on Saturday, to
"A. There was quite good deal-that Is,
several hundred shares-that were oher-
ed at an eighth advance, but the buyer
did not show any inclination TO push .ne
prices along. In fact. while showing that
he was still in the market he also let 1t
be known that he was going to buy the
stock at the lowest figure now that It had
reached its present range.
Beyond the fact that the buying demand
that has been developed still has an ex-
istence there Is nothing new In the situa-
ton except the belief of some that the
common is destined for a still higher range
before the present movement ceases. Inere
Is no change in the character OF the COS
sip as to the meaning of. 1t all, ana II IS
still the talk that some sort or merger
of local concerns Is in the air, ana thal
this gathering together or the common
stock is only one of the steps III thal III
rection. -.
or course If is not positively known that
ANYTHING of the sort is contemplated, as II
is not usual for those who aree nglneerins
afinancial scheme of Such proportions 70
go out on the street corners ana proclaim
their purpose. At the same time thefe ar
always those who manage TO learn oi soi'le
fact and come across some circumstance,
both of which leaa in one direction, anu
upon that basis they reach a cohciusiol
which is sometimes right ana soiiietinies
misses the mark.
The advance in stock or more thah
three points in three days ana the lrane
actions in 1t running up into soihe o,",o
shares may not strike the outsider tndl ~
necessarily means that some one IS atte,
a control of property or winch the cay
stock of this particular issue amounts
az eco shares. Still, that seems to-pe inc
dominant idea among those VINO lhuaise Ia
what is called the gossip of the street.
Al anv rate. those who have been holding
the stock In fear and trembling or their
hfing wiped out by the decline that seemeu
to have a pretty good Roadway are now
more comfortable over the prospects, anu
some have had already an opportunity OF
realizing on their investment
The preferred stock was neglected. pul
the small trading In 1t was on hlgher
level than usual, as it sold at 81. ana OF
the close the asking price had risen TO oo7a
Today's Government Receipts.
National bank notes received today for
REDEMPTION 81, 100, $50; government receipts
from internal revenue, S1,606,342; customs,
81 Os1 .b11; miscellaneous, s654S1; expendi-
lures 81, 10000