Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-02
LOCAL FINANCIAL NEWS

A few lots OF Capital Traction stock were
for sale at today's meeting Of the stock ex-
change, ana sales were made at 141 ana at
l40k. At the close the bid was 14Oh ana
the asking price 141. The prices are on
about the same level al has prevailed In
the slight trading In this security. which
has gone on within recent days.
According to the current talk Of the
street the proposed issue Of bonds oy
this company to pay for improvements
which have been made out Of the current
earnings and also to provide for such bet
terments ~ will be required in the near fu-
ture will amount to about s6,000.0o The
same authority has It that only about one
half Of this authorized amount win be IL
sued at this time. the balance being re-
tanned In the treasury OF the company.
1t Ii supposed the outstanding bonds.
dollars. with be retired. The new bonds.
which Will pay Der cent interest, are 70
be allotted to the stockholders At par. 40
the scheme OF this method Of financing y
worked out on the street the allotment Will
amount to about SEC OF the now bonds to
every five shares OF stock.
There was not much done In the common
stock of the Washington Railway and
Electric Company. sales Of q few lots were
made at 371l and at 37%. and . couple Of
lots went for %. and the purchaser offered
the same figure. But he had no more for
sale at that level, and there was no stock
offered at less than ssh. and that was
withdrawn before the close and 30 substi-
tuted for 1t. The ~ bid was also not re-
newed. and at the close the bid was BIN
After Call further orders were executed at
49, Yesterday the closing bid was 37A, and
there was no stock offered for sale.
The trading in the preferred stock Of the
Washington Railway and Electric Com
pany was confined to broken lots, as any
thing less than a quotation lot Of fifty
shares is called. The price paid was 79x
with one at 80, and at the close the former
was the bid for fifty shares, while the asking
price was 80. The buying Of fractional or
broken lots has constituted the main trad
ing in this stock for some time past, and
the demand appears to continue. Some
brokers regard buying Of that sort IS IN
vestment buying, and that seems to be
the idea Of IL in the general market, where
1t has cropped out to such an extent since
the recent decline as to become rather no
ticeable.
The same sort of buying has character
ICED the trading in Mergenthaler in the
past few days, and several transactions Of
that kind were made today. A quotation lot
Of ten shares Of Mergenthaler bought 2O4h,
which. by comparison. seems rather cheap,
when the higher prices OF few days ago
are considered. However. this stock was
no exception to the general rule. and its
MARKET DTlCo went OH Will tHS rest Az
day the bid at the close was 204K and the
asking price 2051A which shows an i'm
provement in the bid as COMPARED with
that Of yesterday of nearly point.
Lanston was quoted today without the
semi-annual dividend Of 40 cents per share.
One lot sold for II and the bid was then
Tx and the asking price 12h
Today's Government Receipts.
National bank notes received today for
redemption. $e7s.sA; government receipts
from internal revenue, 1907 8Ss: customs,
$40. 677 miscellaneous, $176.185; expendi-
lures, 81, 10000.