Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-09
LOCAL r1nAnc1AL NEWS.

There was more OF the stock OF the
Capital Traction Company for sale ut the
meeting today Of the stock exchange thaa e
usual. and while It was NOT all taken. stiii
the trading that WAS done Was on some
what higher level than has been the Casa
The upward movement in this stock has
been going on rather slowly. 1t II true. but
stfli steadily. for some time back. but there
has been no great quantity OF stock brought
ont.
Today. however, one. of the brokers who
10 looked upon ns q representative Of the
interests of the company. and weH posted
as to what is going on In that corpora
ton, became the purchaser of hundred
share block which he had tor sale.
Then the stock In a similar lot was q
once offered at a lower figure by another
broker, and when he had got the asking
price sh down to aaez II was promptly taken a.
added to the record OF transactions in this
security, although the last was quarter
Of point less than the first named sale
The seller of the last block still had stock
for sale apparently, as he offered 200 shares,
or any part. at LAT. but the best bid for
hundred-share lot was 146&. The latter wa 9
the bid for the stock, and 1t was to be HAD
at an eighth of point In advance.
There Is belief held by some brokers
that this stock is scheduled to go up to the
l5O level In the near future. and also that
ture OF an extra dividend that may come
along when the company has completed It's
extensions and decided how 1t Is going to
return to the stockholders the money that
mas already been spent. or Is going to be
spent. from the current receipts In order
to provide for extensions and buildings.
The bid for the preferred stock of the
washington Railway and Electric Company
ran up to S9A. and for the common to 423<.
an advance in each case as compared with
the bid price of yesterday Of from a half
TO three-guarters of a point. With the ex-
ception OF couple Of fractional lots uoth-
ing was done. although in neither case was
the Did price separated by more than q
quarter OF point from the asking price.
Higher prices were bid and also paid for
Mergenthaler than was the case yesterday,
as the stock sold today for 1875 and that
remained the bid The present level is
about the same as that which is reached in
Boston, which is also quite a market for
this stock.
Greene Copper sold today In hundred
share lot at 29h. and fractional lots went
on range of from 29k to 291H. which Is
about the market range for this stock In
New York. The movement is affecting
the copper market generally, and the
demand for this metal Is having an in
iuence on. the quotations OF the stocks
which probably accounts for the advance
In Greene Copper here. Yesterday the bid
was 271a and today 1t sold at an advance
over that price Of two points.
Lanston sold somewhat higher than 1t did
yesterday, but the trading was not very
animated. for at the close tn, asking price
am the bid price were only separated by
an eighth of point.
Gas stock also sold higher and some
progress was made In recovering from the
slight slump of day or so ago.
Union Trust stock continued Its upward
course in making new records. Today ten
shares sold for 152
Today's Government Receipts.
National bank notes received today for
redemption. 81, 1873 .679; government receipts
from internal revenue, $795, 44S: customs.
$500: miscellaneous, S41 1886; expendi-
tures 81 795 ODO