Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-07
LOCAL FINANCIAL NEWS.

The trading in the securities OF the
Washington Railway and Electric Conn
pany promised to be lust as -sineveutful at
today's meeting OF the stock exchange as
has been the case for some time past. and
that promise would hare been made good
If 1t had not been for one Incident when
the common stock was called
At the very outset bid of II was made
for 500 shares, which was not very much
out of the ordinary as far as the size OF
the block was concerned. ~ the same
shares or any part At ssE when the pre-
ferred stock which had Just ben passed
was before- the board.
When; however. the response came
ment hush. as II a jolt had been felt. and
then the trading went on The seller OF
this lot was apparently ready to dispose
the bid did not not regain that level for a
block of that size.
There were. however. purchasers who
wanted five hundred shares TX they were
to be sold. and two bids were made for such
a lot. one OF 40 and the other half point
In advance. The seller showed his wiling
ness to become a buyer for similar lot,
as he made the highest bid. which was
403s. so that there were bids for three i've
hundred share lots on the floor at one time
1t was evident that the broker did not
nave TO sell any more unless the fHdIhSt
was right, for the bid for quotation lot
was Al. and the asking price for such
lot was 41la, which left the quotations
about where they were yesterday. In fact
the sale OF the single block of stock COM
prised the entire trading of the day. The
event was perhaps of no special signifc-
ance, except In the unexpectednes' of the
entire transaction.
Some Capital Traction stock was for sale
at l47 Several lots. including 100-share
block. found purchasers at that figure, and
the broker who was selling had about
to part with at that figure, but the bid did
not come within an eighth of that asking
price. and that was enough to prevent fur
Their trading.
The stock of the new storage company,
or rather the newly formed company. the
Security Storage Company, came up In
the trading for the first time today and
there was some skirmishing to find out
what the situation might be in regard to
1t. Some inkling was given In the, bid price
of yesterday. which was 143, and the ask
ing price of 155.
As a slight precaution the bidding started
on the level of yesterdays bid and rose to
$50, some fractional lots selling at that
level and also at an advance. The offering
price at the close was put at It's. As the
capital stock of the company is 100000
and the majority is held by the parent
company. 1t Is not likely to be found on the
market to any extent.
With the view of placing before the
board of directors of the Bank of Washing
ton the judgment of the stockholders, or
at least of two-thirds of them, as to the adj
visibility of increasing the stock of the
bank to half million of dollars by the Is
sue of 100000 of new stock. a paper Is
being circulated containing statement
favorfng such a course.
1t will be presented to the board Of direc-
tors for such action as 1t may see fit to
take. ~ -
Today's Government Receipts.
National bank notes received today for
redemption. s1.003,47o. Government re-
ceipts-From internal revenue, S572,064;
customs, 81 1877, 100: miscellaneous, s514,-
141. Expenditures. 100000