Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-30
LOCAL FINANCIAL NEWS.

LOCAL FINANCIAL NEWS.
The number of people who attended the
meeting of the stock exchange today as
spectators was unusual as during recent
weeks the gallery" as 1t Is called. has
been practically empty. For some reason
the seats allotted for the use of outsiders
who want to attend the daily sessions were
today we'll flied, and some stood In the
doorway.
1t is not exactly possible to account for
this. Perhaps It means a revival in interest
on the part Of the public, and its return to
the market. If SO it will be a result that
will be welcomed blythe brokers and others
interested, as the public has not been q
factor in the market for some time. and
what Is needed. according to the Views OF
some observers of the local situation. Is a
me-" element that has the money as well as
the inclination to buy securities.
AS gas stock is now about the only secur-
ity on the list that Is going up In price, II
may be this movement Is what attracted
the spectators at today's meeting. Today
the stock sold q half point higher than 1t
did yesterday, IS the best level reached to-
day was 821f.
The buying appeared to be from the same
source that has been doing the principal
part of 1t during the past few days since
the upward tendency became more pro-
nounced. Today, however one Of the other
brokers gave what looked like uncaleo-1or
assistance in getting the figures up TO
higher notch and between them the hait-
point advance was made.
Several flfty-share lots were lncluoeo III
the trading and also couple or options.
The supply at an eighth OF point over ne
bids seemed to be an ample one ana at tLe
close that was the difference between Lne
asking and the bid price. The bid was 62ss
and the asking price 6212.
There is no Information that is available
In regard to what Is the meaning o! tnls
movement any more than the original sur
mise that something in the nature OF an ex-
ira dividend was intended. However SOME
are inclined to think perhaps IL may .ul :,
cut to be only the movement IN TINS Sto o:
which appears to occur anhuahS a. '
period of the year.
The railway securities were not entlrely
without interest. There was soou 49,, 49,
of the per cent bonds Of the Washington
Railway and Electric Company. Cne VI
the brokers had about fifteen sl'Voo oo :na.
and he disposed of them. with the excep-
ton OF three, at 80. one or them, ho"e>ei'
going for an eighth higher.
At the close the bonds were stlll 10 oe
had at So and the bid was an elghtn oi
point less.
More interest than has been noticed re-
Gently was shown in the bond list. ana
there was an evident demand FOR dlHerent
issues in this class and somewhat petser
Some of the brokers evidently expected
to find today the rights for the new o
per cents of the Capital Traction Company
listed so that they could be traded IN.
The representative of the company on the
floor was asked about 1t. but he said no
application had been made by the COM
pany for the listing Of these rights. he
did not say when such an application would
be made
The company has notified the stockhold-
ers that every share of stock is entitled
to subscribe for 81 in the bonds. which,
however, are only issued in $500 bonds and
multipleS. Fractional scrip cert1ncateS Will
be issued for these rights which are re-
deemab BILE in the bonds. 1t is supposed the
small holders Of the stock who will not
have enough of these certificates to en-
title them to subscribe for $500 bond viii
want to sell them. but as long as there Is
no regular market the value of the certifi-
Gates will be more or les a matter Of
uncertainty.
When Capital Traction stock was called
| the bid started on a lower level than thai
of the selling price Of yesterday. which was
the lowest reached in that security for
some time past. However, the principal
dealer In the stock appeared to throw on
| the Indifference with which he has regarded
the recent course of the stock, and began
! to bid 1t up. He brought the bid up to l32
| and at that point he got twenty shares,
| and then he ceased to take any further in
| terest in the matter. and when questioned
about it he said that in buying the twenty
shares he got all he wanted.
| However, another broker brought the bic
| up to 1870, at which point 1t closed, with
| l32 as the asking price. AS was the case
yesterday there was only one transaction
| in the stock Yesterday the selling price
| was 130h and the closing bid for it was
| 1870, and the asking price 1874.
| Today's Government Receipts.
National bank notes received today for
! redemption. S67,361; government receipts
from internal revenue, S299. 900: customs
81 POI ,631; miscellaneous, $72S.4SO; ex-
penditures, 81 81, 900.