The Washington herald., 1907-05-07
LOCAL FINANCIAL GOSSIP

Public utility bonds are about the
only thing that has the call these days
on the Washington Stock Exchange
Yesterday was a repetition Of the closing
days Of the last week, and brokers came
to the exchange loaded with orders, TAX
ing everything in sight, generally at ad-
vancing figures The crowd outside the
rail not only filed the seats, but most OF
the available standing room. and interest,
especially IN Capital Traction 5s, Was at
fever heat Upwards Of 5000 of these
bonds were taken, the price advancing
from f07 TO 1071s, the closing bid remaining
at l073s. Those who predicted gradually
rising quotations on these bonds, until
they should rest at 40. seem likely 10
have their prediction verified. If the pres
ent interest in the issue keeps up. When
il is recalled that these bonds will not be
issued until June 1. and that trading in the
rights has already placed them 81 above
par, something of the interest in the bonds
is seen. Up to date about $4,000 of these
bonds have been sold on the Washington
Exchange.
In addition TO the forthcoming bonds.
good trading was recorded in the other
bonds of the street railways, as well as
in the preferred and common stock Of
those roads and in Gas. Capital Traction
appears 10 have reached its low level for
the present and is resting at 130.
HopeWeH H. DarneilIe. former assessor
Of the District. who last January went 10
New York 10 enter the firm Of Dick
Brothers & Co, has returned TO Washing
ton and viii be in charge Of the Wash
ington Office In association with Joseph
Weed sfFTnvarf " wa
receiving the congratulations Of his many
Washington friends.
Benjamin Woodruff. manager Of the
Office Of Post & F1sgg, in T street. yes
terday returned 20 his work after a
weeks absence in a struggle with the
grip.
Opinions on the Nesv York Market.
g. Bowie Chapman. Of +. r Chapman
& Co.-"The market failed to hold its
rally to-day. While the uncertainty over
the crop situation continues. advise the
sale Of securities on all rallies"
Herbert L. Jones, of A. O. Brown &
Gov lille professional sentiment Is at
the moment decidedly bearish. and will,
no doubt work FOR lower level. on
--i't'''-4 e'-i-0 'L 2ub2AsaiiAinA eApAbNA4 IL ~
subject TO sudden change. On the declines
good stocks are purchase"
benjamin Woodruff, Of Post & Flagg.-
AS seemed probable from the closing
On Saturday and from the news of last
week. the market to-day showed a reac-
uonary tendency, corresponding 20 some
Of the advances last week. Prices held
pretty well al the opening and during
The day a squirt was made In both Union
Pacific and Reading. This did not hold
very well and "a reaction soon set in. The
only cause assigned for the movement was
continued unfavorable crop news. and
further advance tn the price Of wheat
The market affords little basis Of COM
ment The transactions are both narrow
and professional. and the trading a matter
OF taking advantage OF small turns ia
either direction. The general situation
continues 10 be interesting 20 those who
are trying 20 gather a line upon the prob
able course OF prices. The effects of the
March panic. the backward condition Of
the crops. with the widespread anti
corporation campaign, undoubtedly makes
for dullness. If not sagging prices. whereas
the low level 70 which many stocks have
fallen, the excellent dividend returns ou
them. and the maintenance Of prosper
Gus business throughout the country
make for hopefulness of better prices
before long. For my part. I look for a
trading market for some little time 10
come"