The Washington herald., 1907-05-09
LOCAL FINANCIAL GOSSIP.

From yesterdays operations on the
Washington Stock Exchange it would
seem that the supply Of Capital Traction
IS Is slowly pegging out. The volume of
trading ia them was much smaller than
any day since the rights were listed. and
the price went up from 10TH TO l0SA, while
3 and even y was offered without bring
ing out sales on the high figures. It is
likely that those who have the call on the
bonds when issued. and who care to part
with their prospective holdings at profit
have now been gathered in. or they are
holding out for highe- prices than yet
offered. Some profess to believe that at
10 large volume of the bonds would be
unloosed for sale.
The brokers turned their attention again
yesterday to Washington Railway and
Electric As, buying all in sight at frac-
tions above 50 Capital Traction stock
again sold at 80. and Washington Rail-
way common stuck at 50.
The alleged gas pooT' again received a
Grubbing yesterday, if one Is to believe
the remarks flying around the board, A
fun half point was knocked from the
price on moderate offerings of the stock
There was much joking around the room
aimed at those who supported the stock
so nobly about a week ago.
Opinions on the New York Market.
Benjamin Woodruff, of Post & Fagg -
"To-day's market was dull and stupid
This dulness, although trying TO the COM
mission broker. Is probably the best thing
for the time being. for We have not the
money 10 carry on a big bull speculation,
and the time of year and general c0ndi-
tions are against any such move, this be-
ing the season of crop uncertainties, with
dun times in Wall street. Prices are rela-
lively so low that u would seem unlikely
that We should have a recurrence OF the
heavy selling pressure. In the past few
days the Old bear party has made an et-
fort TO put the market down, but prices
do not seem 10 decline easily, and II looks
70 nc as If, technically, IL was about sold
out The decline has been considerable
IN certain leading stocks. / believe a
moderate rally is next in order, but do
not look for much beyond this
C. Bowie Chipman. Of Z. r. Chapman
& CO.--'To-days market proved very un-
interesting, the total transactions being
less than for many days. Outside interest
was practically nil, and even the floor
traders found il hard to find sufficient
on which to base their operations. After
fairly steady opening the market sold
of. influenced almost entirely by a sharp
drive against New York Central. which
carried that stock down about ? points
Around ll2ls support was found, and the
selling ceased In the late afternoon
prices crept up quietly, and the finals
show, with but one or two exceptions,
gains on the day. Brooklyn Rapid
! Transit sold of on Albany dispatches that
the utilities bill would pass In the shape
that Gov Hughes desired. II Is still q
/ traders market and that within narrow
range. These tactics will probably con-
tlnue tomorrow and the early part OF
/ Friday, or. until the government crop re-
port IS announced. after which. or. it may
be slightly 10 anticipation Of such an
nOuncemenT. the market will take a more
/ decided tone. At present / would simply
continue tine making of careful purchases
on soft spots, but for moderate profits
only"
Herbert L. Jones. Of A. o. Brown &
! Co.--The market is a crop affair almost
entirely. II has grown very duh on the
/ IdecIne-a favorable development. Better
weather in the crop territory viii help
/ prices. The better class of stocks can be
/ bought for moderate profits