Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-23

There was nothing very positive abept tAs
local STOCK mxrksk today, md while th3s
was the case, skiIl there Waa - mArket.
which II saying quite \ good deal In view
of the experience Of the past fsw days The
condition OF the general stock market ~
shown by tiae reports from New YoTk Waa
not reflected here. In the larger center the
attitude seemed to be one OF waiting to nee
what was going to turn up.
Here there was no waiting when II Wes
found that some securities were for sale.
and at about the level OF prices that have
recently been reached. The buying was
quite good, and IN this way quite lot OF
the common stock of the Washington Rail-
way and Electric Company was marketed.
with but slight recession from the level OF
Saturday.
The lowest sale of q quotation lot was
All and for fractional lots xlM. Nothing
was done In the preferred stock. while in
disposed Of at figures that represented the
lowest that has been reached In that Sc
curity for some time past.
At the close the stock was for sale at
an eighth below 145 The bonds of the
Washington railway sold at rather better
figures than have been recorded recently.
IN 1act. there was no special significance
In the trading except that there proved to
be market for such OF the stock as was
for sale.
The latter did not approach what might
be termed liquidation of holdings or any,
thing like 1t. and. what Is more. there are
no interests. as far as known. which are
likely to do anything Of the sort But just
now there Il considerable talk In connection
With the fire insurance company losses at
san Francisco about the methods that VIII
be adopted by these companies to raise the
money to pay their liabilities arising from
the fire.
1t is not thought by competent market
observers that there VIII be any great dis
turbance from such q source for the reason
that at least one-half of the total losses
Is due from foreign companies and the
other half from home companies. OF this
latter amount a considerable percentage is
represented in policies issued by the local
companies of San Francisco, and while 1t
is supposed that they will be wound up In
attempting to pay their losses, still their
line Of investments is not OF the character
known as general securities.
There was nothing done in the fire insur-
ance company list today, except to advance
by half point the bid for Arlington FIRE
Insurance Company, thus continuing the
upward course Of that stock
An almost similar advance was mace IN
the case of the bid for the National Union
stock. Just why either both of these
stocks seem to be In demand Is not clearly
the property of the Arlington is Likely to be
realized upon with profit to the stockhoid-
ers, but what form that VIII take Is not
stated
AS to the National Union, 1t Is supposed
that efforts are being made to secure con-
troll of the stock for the purchase of the
general merger Of interest such as has been
talked about for some time past.
There was plenty of gas stock offered at
60a but the bid did not come within half
a point of that price, and SO nothing was
done. 1t appears that the bottom has been
reached at so, and now the interesting
question on the part of those who like to
take a flier in gas is, What Is going to
happen now? Is the stock booked for an
upward movement or Is it going into one
of those qufescent conditions when interest
rolls up on the borrowed money and the SO
cents per share Of the dividend falls con-
siderably short of interest charges?
Today's Government Receipts.
National bank notes received today for
redemption, $907 1924. Government re-
ceipts-From Internal revenue $1.115 LOG:
customs, 1878 ,059: miscellaneous. $154, 1889.
Expenditures, 50 100000