Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-17
LOCAL FINANCIAL NEWS.

Tho event at the meeting Of the stock ex-
change today, which would otherwise have
been q day without any specially striking
incident, was the sale Of block Of q thou.
sand shares Of the common stock OF the
Washington Railway and Electric Company
Tho transaction. although unusual because
OF the size OF the block. was done as II II
was only the change In the ownership Of q
quotation lot Of fifty shares.
The principal dealer in this security bid
S9A for the stock. as he did yesterday, ant
as he has done frequently before and en-
larged his bid to include q thousand shares
prominent in the trading IN this stock
quietly responded to this bid by the single
word Sold, and the transaction was COM
pleted.
It was not the first time the buyer had
such block Of stock come down upon him
at one time, and so he did not show any
visible signs that anything out OF the COM
mon had occurred. On the contrary. he
amount. and when no response came he
offered to buy or to sell any part OF
thousand shares on that level.
thousand shares, and followed it up by rails
ing that bid to 40 for q much larger block.
At the close the bid was BON and the ask,
ing price 89h. No effort was made to mo
out how much stock there was at the best
Offering price, but it has been supposed all
along that most Of the stock on the market
at that level had been absorbed by the buy
ing that took place some time ago when the
Loeb rumor was at its height.
The broker who got the big lot TO-DAY Is
the same who announced that the buying
which he executed some days ago was on
account of interests which favored inc
choice Of MI. Loeb as president OF the sys-
tenn.
While the preferred stock Of the COM
pany was on call the same broker was the
principal buyer Of some stock that came on
the market at 7sN. He bought n, nearly act
exhaust the supply at that price.
The demand for the bonds Of the COM
pany was rather limited, and after some
buying on range OF from s2ts to sZ1s nom,
ing more was done, and the trading closed
with bonds still on the floor at S2A.
The market for the per cent bonds Of
the Capital Traction Company. or. rather,
rights. was fairly good one and at q
slight advance over the level OF yesterdays
trading. The sales began on that level.
namely. 1884, and soon rose, fractionally,
latter figure for sale than could be dis
posed Of as that was the asking price at
the close.
No change was made in the figures as
compared with those Of yesterday at the
stock. The buyers Of the stocks, the same
who began the accumulation of this stock
some days ago. added a number of shares
to their supply as the result Of today s
operations. A slight advance was made In
the case of some lots over the prices paid
yesterday.
The best price paid today was 64x. while
yesterday the highest in the range was
64h. The policy of getting stock without
advancing the figures too rapidly seems to
be still what governs this movement.
A broker wanted a couple Of one-hundred-
share lots Of Lanston. He paid ID and then
there was no further demand from that
source. The bid was 125s and the asking
price 1915
Mitchell Mining stock sold in New York
yesterday for As and here 1t sold for 37s.
The bid today for 1t was A, while the asking
price was Az.