Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-17
LOCAL FINANCIAL NEVIS.

The marketing of quite a block Of the
bends OF tho Washington Railway and
Electric Company and also some OF the pre-
ferred stock Of that company and the pros
peet Of good deal OF the Mitchell mining
stock coming on the market served to keep
alive the interest of the brokers who at
tended the meeting today of the stock ex-
change.
The broker who had the railroad bonds
for sale encountered a falling market.
which. whether Intentionally prepared for
him or not, served the same purpose. How
ever. he was not deferred, but went on
with the execution Of his order. but whether
he finished with it or not it is not known.
but it was rather supposed that he did.
The range Of the sales was from ~ 10
S1ss. and at the latter level there was de-
veloped quite demand, while the asking
price of only an eighth of a point In al
vance was not sufficiently attractive to
make the trading go on The entire recess
sion amounted to a little over half point
on total sales of about $4,000, all of which
however, did not come from one source
The same broker who had good pro-
portion of the bonds for sale that were
dealt in also had some of the preferred
stock for sale. as also did another broker
The total sales, however did not run much
from S91a to SS3a. the decline amounted TO
about a point and three-quarters.
The declining market for this stock has
been in operation for several days past. and
has been attributed to the large blocks
which the principal dealer in this security
mad Tor sale. II is evident the market is
not prepared to absorb any amount of this
stock at present prices, although there has
not been any general movement to SELL
Another phase of the dealing today was
the sudden turn taken in the course of the
Mitchell mining stock which instead of
SO that the lowest selling price of today
was about three points below the bid price
OF yesterday. The range of the sales was
from 1874 to y or liz for block of five
hundred shares
Yesterday 14% was Did at the close and
the asking price was an eighth of point
above the figures being the highest yet re-
corded for this stock on this market where
1t has only recently been listed.
The course of the stock is explained by
the possibility of large blocks coming on
the market and. in fact, they were offered.
ana or the fifteen hundred shares dealt in
two hve-hundred-share lots were included
The stock which was thus offered in large
blocks and also in quotation lots was not
taken except on declining scale and the
support of the stock was not very apparent
and consequently the price went off.
After call there was some recovery, when
hundred-share lot brought 1874. 1t
was stated that the stock was quoted in
New York today at a.
quite a good demand was In evidence for
the telephone bonds, and there We're a num-
Der of lots bought at 105 to 1857, the latter
pelnS half point above the asking price of
yesterday. The bonds seem to be getting
back to the level which they had before the
last accrued interest was paid.
slight advance was made In the bid for
the bonds of the Norfolk and Washington
Steamboat Company, but there were no
transactions. The talk in regard to rival
line on the route between this city and
Norfolk is not heard any more, and so it
is not known whether the proposed scheme
is going to materialize or not. At any rate,
the securities of the company now in the
field, or rather on the river, do not seem to
be affected.