Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-06

1t is the expectation that the operation
of tho Old Dominion and Great Falls rail-
way will be begun about the. 18th Of the
present month. Everything Is ready for
the running Of the cars. and II there has
been any special need for rushing things
the road could have been In readiness for
that event some time ago. At this season
Of the year however. the number Of people
who want to 30 up in the vicinity Of the
Great Falls h not large. and 90 for the first
few weeks the new service win be for the
benefit, mainly, OF the people who live
along the line OF the road.
This new addition to the street car facili-
ties of the city. for 1t b regarded as .
part OF the, city system. although almost
entirely located In Virginia, will not IN
crease the list of securities on the local
exchange, at least for the present. There
Is no intimation a. yet that there ID any
purpose to ask that the stock Of this COM
pany be placed on the local stock list. Thus
FAR only stock has been issued, and the
holdings are supposed to be confined to
very few persons.
There has been some intimation that pos
sibiy an application might be made to list
the stock and bonds OF the Washington,
Alexandria and Mount Vernon Railway
Company. and II that Is done the aggre-
gate of the securities already represented
on the exchange would be increased consid-
erably.
The authorized issue of the bonds is two
millions and half. while the stock amounts
to million and a half 1t is not thought
that even II the latter named securities are
listed 1t would increase the amount of
the trading. Such an opinion is based to a
considerable extent on the experience with
some of the recent additions. especially
those that are not held here to any cousid-
cradle extent. For that reason 1t is thought
1t has been impossible to interest local in
yestors in them. and so they have taken
places on the list without adding to the
volume of the business
Some effort was made to trade in one of
the new accessions to the list when. at
meeting of the stock exchange today,
question was asked as to what would be
bid for 1000 of the bonds OF the Bristol Gas
and Electric Company. The response was
that 80 would be given for such lot, which
was two points less than the bid Of yester-
day. Then 90 was made the bid, and there
was no offering.
There were apparently few orders in the
bond list. and some Of them, for the bonds
of the Washington Railway and Electric
Company, were filled. and there was a bet
ter bid for the bonds of the Potmac Electric
Light Company, but 1t did not result in
anything
The inactivity which has marked the
trading in the other railway securities con-
tinued. and the condition of the market can
perhaps be as we'll illustrated by the course
In the preferred stock as with any other
bid was made for any part OF one
thousand shares of the preferred at 90
and no response being Forthcoming. the
same bidder offered to sell a quotation lot
at the same figure and secured exactly the
same result.
A few lots of gas stock were traded In,
but on slightly higher level than has
been usual for some time past. The best
price reached was 61h. and at the close
there was still stock to be had at the
same figure.
In January Of last year the stock was
three points higher than 1t is at present.
and 1t has been supposed that there might
be some movement in 1t at this time. but
there does not seem to be much indication
of it, except the rather gradual advance
which has been going on for some time
past.
Greene Consolidated has decided to in
crease it's outstanding capital to 100000
shares by the issue of 10000 additional
shares. The new issue has been under
written at $25. without commission. and
will be offered to stockholders, pro rata at
that price, This will give the company
50, 400. 00O cash. 1t is estimated. for con-
struction, new equipment Of various kinds,
development work and working capital.