Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-02
HEARD ON CHANGE

The local stock marke. during the week
just past did not reach the stage of acttv-
ity that it was thought the return of the
pilgrims would bring about. On the con-
trary there was but little noticeable differ
ence from the midsummer slough. Stocks
all down the line were dull and despite
some rather active bidding the sales lists
were conspicuously brief. This was re-
garded as being more than strange, for
the reason that there was undoubtedly
some bargains In the lists. Just why such
condition continues is not on the cards
Nearly all the active brokers' and members
of change are back at the wheel and that
there were some fine openings for invest
ment during the week is a fact that is
conceded. The fact remains, however, that
the public is still shy and is evidently
waiting for the market to take on it's new
fall aspect before entering the arena OF
local speculation.
The fact that the purchasing powers
are still out of town is hardly an excuse
for the present rather remarkable somno-
lence OF some Of the principal stocks on
the lists. Even if the public is out of town
1t gets its newspapers and some of the
stocks and bonds, the values of which are
not questioned, are being held at prices
that the brokers think should attract buy
ers in town or out. In several instances
on the lists the offered price has remained
practically stationary for days and just a
few brief words over the wires would set
the brokers to work. Some of the wise
acres among the traders say that the pub
lie Is not yet in speculative mood. but
that II is only a question of a very brief
period when there will be rising market
This opinion is probably borne out by the
fact that despite small deals and an en-
tire absence of smart buying there has
been no material decline in any of the i'm
portant local holdings.
Hence the brokers will witness the de-
parture of summer with no little satisfac-
ton. There was little in the market of a
conspicuous character to record during the
week. There was some desultory trading
in the railroad stocks. but In bulk on the
entire week it would not amount to one
days trading with an active market There
was some nibbling at Washington Rail
way and Electric, both common and pre-
ferred, with disposition on the part of
some traders to sell at a very slight ad-
vance. The four per cent bonds of the
same company which have been In de-
mand for many sessions during the dullest
days of the summer were unusually quiet.
The price remains at S7H. A very small
advance in the stocks Of this company be-
gets sellers Capital Traction sold on FRI
day nearly two points below the price that
was demanded on August II when it
touched a new mark and sold as high as
1867. 1t will be recalled that 100 shares
of the stock sold on that day and the low
est price that ruled was 1916 Small inter-
ests attached to the bank lists during the
week. Green, Graphophone and Mitchell
were inactive. The latter stock has gone
off slightly with little or no demand.
Lanston remains firm factor. A small
sale was made on Friday at 14A. $1,000
c: & P. Telephone five per cent sold on
Thursday at 105h-the first sale in this
holding of any material account for some
time.