Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-13
LOCAL FINANCIAL NEWS.

AOCAL F1MANC1AA NE W =.
Gas stock was again conspicuous at TO-
days meeting of the stock exchange. mol
so much on account of the volume of the
trading in 1t az because Of the advance
IN the price over the best-selling figure Of
Saturday.
This latter. however. did not amount te
so much, after ALL for 1t did not reach
more than three-quarters Of point, as the
best sellfng price today was GAN, while or
Saturday for a quotation lot the highest
figure paid was 63ss. At the close the bid
receded to 6s&, while the asking price was
fractonally above "a. In fact there was
more stock than buyers toward the close
and 1t was evident considerable blocks
were to be had on the 64A level. After
call, however, a couple OF hundred-share
lots changed hands at 63N and e3h. and a
OBSERVATION-DISCLOSURES lot at 63N.
The principal seller, 1t was noted, was 8
broker who was one Of the principal buy
ers on Saturday. He sold at "a and higher
about 200 shares. which Is about one-third
Of the total sales made on Saturday. They
buyer was one OF the brokers who up to
saturday had been the principal purchaser
Of this stock
Altogether, judging from the personnel of
tSose engaged in the trading in this stock.
the theory advanced that all the recent
buying has been In one interest, and that
the change in the brokers simply meant a
shifting in the placing Of the orders seems
to be confirmed. to some extent by what
happened today. The only thing was that
the buying orders today came back to the
SINE place where they wer" placed some
days ago. and with directions to stop at
fractional advance over "a.
On Saturday twenty rIve shares OF George
town gas stock sold for 30. which Is just
day before and 10 points more than the
asking price at that time. Although the
bid remained at 10, with no stock for sale,
and today 10 was bid. there were no far
Their transactions Saturday end none today.
II such a thing as a jump Of 20 points had
taken place in almost any other stock on
the list the entire exchange would have
experienced thrill. but the fact is that no
one pays much attention to Georgetown
gas stock. for the reason the control Of
thc company Is now and has been for
some years securely in the control OF
those|f 1t Is proper to use the plural form
In control Of the Washington Gas Company.
There is seldom any Of the stock for SALE
When there Is any movement In the stock
OF the parent company 1t is generally ac-
sympathetic agitation In the stock Of the
company across Rock creek.
The new per cent bonds of the Capital
Traction Company have apparently reached
the high point In their upward course. for
the present at least. Some Of the bonds
sold today for 11OX, but there was a good
supply to be had at that figure. The bid
point.
The bid for the stock Of the company
went up a little, as 131 was bid. There
was no trading.
The advance in the figures for the per
cent bonds of the Washington Railway
and Electric Company continued and sales
were made as high as S0X. At the close
the bid came within an eighth of a point
of the asking figure.
The inevitable discussion of the question
Of a trade recession continues, says the
Wall Street Journal. A prominent bank Of
hcer last week expressed the opinion that
such recession could not be escaped
On the other hand, prominent railroad
man said that the conviction was growing
with him that the country would escape It,
He pointed to the fact that the railroads,
Notwithstanding their expenditures of up
ward Of 81 .OG0, GOO, 900 on extensions and i'm
proVements this year. will have to continue
enormous expenditures next year. and that
these expenditures will serve to keep up
the rate of industrial activity.
Historical presidents favor the argument
for a moderate trade recession certainly
next year. but this hopeful thing can be
said regarding such development, namely,
that moderate recession would make the
money market recover the force neces-
sary for another onward movement in
American business"
Today's Government Receipts.
National bank notes received today for
redemption, $s46,48s; government re-
ceipts from internal revenue, 81, 46O, 449
customs, $S47, 112: miscellaneous, 1884, 2S3
exDanditures 80 0tn -