Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-03
LOCAL FINANCIAL NEWS

A decided improvement was noted In
the tone Of the local stock market at the
meeting today. There was general
buying demand, which indicated to some
minds an easing in the money market
here and a disposition on the part Of the
banks to make loans.
In fact, it 10 the opinion Of some men
who are familiar with the situation In
this city that az soon rs tho expected call
Of the controller is out and the favorable
showing which will then be made has had
its influence on the public mind then the
banks will not continue to keep intact the
large reserve Of cash which now Is De
lieved to be in the vaults, but viii begin
loaning.
This period has not as yet arrived. and
such q use Of money has not been reach-
ed. The buying demand which Is now
evident In the market Is no doubt to some
extent in anticipation Of the near APP
proach Of a more active time, although
it is not anticipated that what may be
termed speculative buying will be much
of factor in the market for some weeks
to come.
However, today there were brokers who
wanted to buy securities, and were will
ing to pay better prices for them, but
still the volume Of the trading did not
reach large proportions. The stgnihcant
feature Of the trading was the broadening
out Oh Inc pu5 uS WOtCtuShss AiSaA
started in rather small way several days
ago. but has not as yet attained large
proportions.
Mergenthaler was the chief trader OF
the day, and made the greatest advance. A
quotation lot Of ten shares sold for 1876.
five points in advance Of the best selling
price of yesterday. The higher level
reached in the Boston market, no ooupt,
had an influence on the movement IN thus
l1vs
same time there is no question OF the
widening Of the market here.
For the first time In several weeks some
interest was shown In gas STOCK anu
there was a bid and also an asking price
inserted when that security was reached.
So little attention has been given TO this
security for several days past that tne
daily sheet of the stock quotations mas
gone out with the spaces opposite gas
stock untitled with the figures showing
the quoted bid and asking prices
But today there was q bid, and also an
asking price, 1t is true nothing was done
as the prospective buyers and sellers did
not get Very near to one another. The DID
was 60 and the asking price q. the latter
being finally withdrawn and u substituted
for it. After call 100 shares were ohered
for II. but there was no bid Tor such
and bid 80 for them, but the lowest Offer
ing was 20.
Some observers OF the market are in
ciined to think that after all nothing will
come from the application to the court for
an increase in the capital stock. and II
there is anything in such a view that may
account for the apparent Indifference
which seems to prevail. However, the
general market conditions are sufficient
to account for most anything which de-
velops.
Mitchell Mining stock continued on its
upward course and sold for y, and that
was the bid. while the asking price was l.
Fifty shares of the preferred stock of
the Washington Railway and Electric
Company sold for SO, which Is the best
recent figure for that security.