The Washington herald., 1907-01-24
LOCAL FINANCIAL GOSSIP.

GOORL Aif(AtFOIFLA S(OOAA
Yesterdays session of the Washington
Stock Exchange was lively, and good
trading resulted in several Of the local
stocks. Washington Railway preferred
and National metropolitan Bank were
particularly In evidence, with Washing
ton Gas, Southern Public Service Corpo-
ration, and National Safe Depository al
on the record for several sales.
Washington Railway IS were in good
demand at S5Es and Washington Railway
common came in on after call for 200 at
20, and an option at 4Oss.
The real business Of the day centered
in the preferred stock, Of which there was
not enough buyers to take the offerings
II sold from S614 down 10 S5Iz. with some
Of the stock stin obtainable.
Metropolitan bank stock was sold up
more than point and brokers eager for
more at 81.
National Safe Deposit sold down half a
point in quotation lots.
pleasing diversion was had near the
end Of the regular call, when a broker
bid in several offers Of Realty Appraised
Agency. He stated thatshe desired the
removal O. the ladder" from this stock
on the board-a mark placed there By the
governing committee % signify that the
company had been informed that unless
the stock showed more activity in the fu-
ture than in the past It might be removed
from the board. At the request OF the
broker the ladder was removed.
Opinions on the New York Market.
Duh. fiat and improbable would
describe the first four hours Of to-day's
session. a few professionals worked In
and ont Of the market. endeavorins to
take advantage Of the narrow fractional
changes. Shortly after . o'clock more
animated feeling set ia, and prices rallied
rapidly. As "a general thing the finals
show improvement over last night The
market continues "a trading analr with
a iirmer undert0ue. Such reactions as are
allowed 70 occur seem 10 be- for the pur-
pose Of encouraging "a new short interest
We would. therefore. avoid THAI side. but
take on "a little long stock among the
leaders on any such weaknesses.
Thomas /. Hume. president Of the
Washington Stock Exchange- mae
ket opened lower upon the announcement
that temporary injunction bad been
granted. restraining the Great Northern
Railroad from issuing S60.o100j additional
stock Prices gradually revived. and
moderate strength was maintained until
the close Money appeared more plenu-
full, forced liquidation seemed over, and
general conditions looked more healthy
and promising. The market should re-
main professional win tendency toward
higher prices
Herbert /. Jones. Of Charles G. Gates q,
Co.-"The general tendency of the mar.
Sct is upward. 1t probably will be- inter
rGp,ed more or less frequently by reac-
tious which viii tend TO "a healthier con-
mricn. There sHll is large crop ~
shorts O. be garnered IN. This was shown
to-day Dv three attempts 20 raid Reading,
and by canards relative 10 the steel divi-
dcnd. Good stocks are a purchase on all
soft Spots. and one can well afford 20
await such opportunities
Benjamin Woodruff. Of Post * FIsgz-
The market for two days now has hung
around present figures. but this after
noon looks little more as if we were
going 10 get away from the danger point
and have what we have been looking
fora really sharp rally. which will
frighten the bears and weaken their bank
have any feeling Of confidence in the
situation; for the bear party, unless
whipped 20 a standstil. is bound 20 keep
on pressing prices and trying 70 bring
about liquidation. There are two draw
backs 60 this rally. one being the fact
that so many people are waiting for an
advance 10 sell stocks. while the other is
the Union Pacific investigation which
causes unessiness and is now the buga-
boo before us for not having a better
market To-days session has shown a
strong tone throughout and there is a
heavy short interest in the market. and
for the time being the market should.
logically, work better.
s. H Agnew. Of Henry Clews & Co
THE market showed more confident
tone toward the close to-day. and some
good buying took place on report from
this city that Secretary shaw will not
ask for return Of 100000 special gov
eminent deposits until April l. The
market is becoming more professional
each day. There seems TO be no doubt,
Notwithstanding reports TO the contrary,
that. the general public is now carrying
more stocks than for a long time past.
This means that the large inside inter
ests have diminished their holdings
While several dangerous accounts We're
hquidated last week. stocks accumulated
on supporting orders are now being fed
out every time the market is strong and
prices rally Under these circumstances Ii
is idle TO expect any pronounced advance
which will be sustained