Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-09-19
TO HIGHER LEVELS
COURSE OF THE STOCK MARKET
TODAY,

An Improvement was noticeable today In
the course of prices at the meeting of the
stock exchange and there was also some
expansion in the volume Of business done.
II was evident that better feeling pre-
walls among those who are familiar with
the market, and this was given expression
by member OF the board who Is a recog-
nized leader in financial matters.
AS Is quite common at the meetings Of
the board the call Is accompanied by more
or less of a running fire of comment from
the members. Today something was said
about the fuctuating character Of margins
at this time, and then the broker in ques-
ton said with much decision that margins
were all right and that things generally
were better
This optimistic view of present market
conditions coming from the source it did
was regarded significant. Coupled with
the improvement that Is noted In the gen.
eral market and the beginnings that are
believed to have been made In the local
market. the situation as compared with
that Of recent days is regarded as much
better.
Higher figures were recorded for all the
securities Of the Washington Railway and
Electric Company. beginning with the
ponds. An advance was made in the bid
for the preferred stock Of half a point, and
u was bid not only for a quotation lot of
fifty shares. but for 500 shares. An offer
ing Of the latter lot was made at rs and
also one for "A.
bid Of 35 for the common stock was
made an unlimited one. and for large
blocks the bid was still higher The
amount OF stock that was brought out at
these figures did not exceed 200 shares,
and a fractional advance in the bid did
not add much to the sales. At the close
the bid was 35 and the asking price a
half a point in advance.
Mitchell Mining was not left without SUD-
port. although it made the Of late usual de-
cline Of an eighth Of point. One of the
brokers had quite a block for sale, and.
after call when the bid did not rise above
N, he let 1t go In lots of various sizes.
When the buyer. who is connected with the
present controlling interests in the COM
pany, extended his bid to 1000 shares he let
him have such lot.
The bid was promptly repeated. but the
seller evidently did not have that much
left. At any rate. he did not supply it, al
though he continued to sell 1OO-share lots
at IA. and that was his asking price at the
close OF the trading. The bid at the close
OF the call was an eighth Of point below
that level.
There is nothing new known in the affairs
of the company. and 1t Is not expected
.iiSie VIII De any ueFelOpineHtS relative TO
the change made in the presidency Of the
company until Mr.. Mitchell. the late presi-
dent Is heard from. He is now in Mexico
and the question Is. what is he going to do?
II he fights that may make it necessary
according to the views Of some to place
the company in the hands of receiver.
When the stock Of the Washington Loan
and Trust Company was called and the
figures for the quotation were being given
one of the brokers who was putting in a bid
remarked that by November the company
would be paying per cent dividend instead
of per cent
Another broker rather questioned the &C.
curacy of the prediction. 1t is stated, how
ever, that if the increase In the dividend Is
not announced to take effect at the next
dividend period, which will be In November
that 1t will certainly become effective on
the first of the year.