Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-11-12
LOCAL FINANCIAL NEWS.

The bid for the stock Of the Capital
Traction Company today at the meeting of
the stock exchange rose from the bid OF
1881. which IL the last one on record for
this stock. to 1854. The bidder was not
the usual principal dealer In the stock.
but another broker who II In q position
to know something about the affairs Of
the company from the inside. He man
aged to get one quotation lot at his price
by another broker buying fractional lot
at IA and uniting that with his own hold
ing to make up the required lot.
He still wanted more at the same figure
and continued the bid, but there was no
more stock to be had, or at least no more
was offered for less than IA. The open
ing of the extension Of tie 14th street line
occurred yesterday, and while the better
this work may have been . mere cofncf-
dence. still, for all that. 1t II an interesting
one.
Several lots Of the preferred stock Of the
Washington Railway and Electric Company
sold for SSH and 80. and the bid remained
at the former level at the, close, while the
asking price advanced to SSM. The stock
az announced today will sell ON the board
ex-dividend that is, without the right to
the dividend Of $3.50 per share, on Friday
There was no strong demand for the
stock even at the current figures, which
may be attributed either to the condition
Of the money market. which IL not favor
able so 1t Is said. to any large buying. or
to the belief that the figures for the stock
ex dividend will show decline, as COM
pared with present prices of Just about the
extent Of the dividend. which 10 two and
one-half points.
There was not much done in gas stock or
much interest taken in it. The last record
ed sale of the stock on Saturday was 60%,
and today sales were made at 60h and
half point lower.
A bid OF 59N was made for an option on
100 shares and. such an option was to be
had at 60. At the close the stock was TO
be had at 591x and the best bid was 5Sh.
Ten shares Of Lincoln Bank stock sold
for 1885, and another similar block would
have been taken at the same price, but the
offering was five points in advance and
there was no further trading
One hundred shares OF the stock OF the
Norfolk & Washington Steamboat Conn
pany were offered at 800, but The best pid
for such lot was 275. It should be stated
that the bid for such q lot drew out the Of
fering rather than the reverse The lat
ter was the bid for the stock. while the
asking price for ten shares, which forms
a quotation, was $50
The project of forming another trust
company under the laws Of the District to
do business here, which was referred to
recently In this column. is still under con-
sideration, and some progress has been
made toward securing subscriptions toward
the capital stock. It will be necessary to
make this at least 100000 in order to
organize under the District laws, and it
Is stated that with the rather slight can
vass already made about one-quarter OF
that amount has been taken.
The projectors of this proposed company.
as rule, are men who are engaged in the
real estate business as brokers' and it Is
proposed to use the money Of the company
mainly in loans on realty. It Is believed
there Is room here for another corporation
of that description.
Today's Government Receipts.
National bank notes received today for
redemption, $918,148; government receipts