Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-01
LOCAL FINANCIAL NEWS.

Public utility securities were quite ami
mated today at the meeting Of the stock
exchange. Apparently this optimism was
based upon the prospect that Congress
was about to adjourn without having
enacted any legislation which might be
regarded as hostile to these interests. At
least, the statement that had been pub
lished that a lower rate Of fare was a
provision in the charter granting the Bal
timore and Washington Transit Company
the right to enter the District was de-
clared On the floor to have been a mistake
and also the announcement was made that
resolution for the appointment OF a
committee to investigate such corpora
tons during the recess was defeated.
Perhaps 1t was this accumulation OF
rosy prospects, or perhaps 1t was only
one Of the peculiarities of the stock mar
ket, but at any rate as soon as Capital
Traction stock was called the bidding be-
gan with much spirit. and soon the old
figures were eft quite a distance behind
and new levels were as easily gained and
held as has been the case with Mergen-
thaler and also quite like the situation
The bid for Traction rose from yester-
days level of 14211k to AS. and not single
transaction was recorded until after call,
when twenty shares were sold for 145as
At the close the bid remained unchanged.
and the asking price was 146. Large
blocks were offered at $50; that Is, large
blocks for this security. as no one lot ex-
ceeded 100 shares, but the bid for such
lots did not get near enough to be excit-
ing.
There was nothing done in the preferred
stock of the Washington Railway and Elec-
trio Company, although that, too, shared
in the general revival that seemed to affect
the entire list of such securities, and In
consequence the bid for 1t advanced nearly
half a point, as compared with that re-
corded yesterday
There was quite good deal done in the
common stock, and the change in the
figures showed an advance of a point, as
compared with the figures of yesterday.
Sales We're made on range Of from 40 to
40Ss, while yesterday the bid for the stock
was 391. and the asking price was 40. To-
day at the close the bid was 40k and the
asking price 407s.
Gas stock Joined the procession toward
higher regions and proved to be the most
active stock in the days lists of transac-
lions. The range of the buying was from
SO to 595s. and the bid at the close was
Ssh and the asking price 59A. Yesterday
the prices were SIX bid and 58ss asked.
Mersenthaler has apparently reached the
top of it's advance. for the present at least.
and today while one lot of ten shares sold
for 212. the only transaction for the day.
the asking price at the close was only an
eighth above that level, while YESTERDAY the
bid was 212 and the asking price 215.
Mitchell mining sold somewhat better
than it did yesterday, and one lot brought
5ss, while a number of options Were taken
at 51h At the close the bid for the STOCK
was 5A and the asking price an eighth
above that.
Mr.. Isaac Cans has been elected MEM
Der Of the board of directors OF the AmeFi-
can National Bank.
Today's Government Receipts.
National bank notes received today lot
redemption. $3.50 600; government receipts
from internal revenue, $I27.31o; customs