Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-26
LOCAL FINANCIAL NEWS.

An Improvement was noted IN the STOCK
| market today. and at the daily meeting of
the exchange there Nras manifest a demand
which, although appearing in spots. was
significant in view of the condition or
things during the past week or more.
To some extent this may have been
brought about by the change in New York.
where an upward movement had set In. ana
a decided advance was made over the ng-
ures of the preceding day.
The change in the local market was
more noticeable in the common stock OF
the Washington Railway and Electric Com
pany. as the buying was more persistent
than was shown In the case OF any other
stock. 1t Is true this came from one broker
and was not general, but on the other hand
neither was the selling
The buying was sufficiently strong 10
take from the market all the stock that was
for sale at and below 3671, and the bid at
the close remained at that level, with the
asking price at ST. YesterC.y the bid Tor
the stock at the close Of the call was 3S1s
so that compared with the bid at the close
today an advance of a point was made.
In the upward course Of the bidding only
two lots Of fifty shares were met with be-
fore the 80 level was reached AT that ns-
ure quite lot was unearthed but the bid
der took all the broker had to sell, which
reached a total Of $50 shares.
There was no further interruption in the
bidding as 1t mounted to 36h and that DID
was made not only for a quotation lot OF
fifty shares, but for large blocks. One
hundred shares were secured at that price,
and then an advance Of an eighth OF a
point brought out fifty-share iot Inc
bid was then 1854 and the asking price
half point in advance at the close OF the
call.
When the preferred stock Of the Wash
ington Railway and Electric Company was
called the bid started in on a range of a
point higher than the closing figure of yes
terday. and q hfty-share lot was promptly
lNI
point and there was no further trading.
A bid Of 581a secured a couple OF twenty
five-share lots Of gas stock, and that seemed
to exhaust the demand at that figure and
the bid became 50, wit hthe asking price at
5Sa4-a lower level than has been reached
thus far in the case Of this stock, which has
shown less change during the past period
than any of the securities on the active list.
The stocks of the typesetting machines
have TO a certain extent changed places In
recent days, as the figures for Mergen-
thaler have been declining, while those
for Lanston are on the upward grade.
General market conditions are used to ex-
plain the lower figures for Mergenthaler.
and as for Lanston. the near approach OF
the semi-annual dividend period, when a
payment of 20 cents per share Is to be
made. Is credited with the better prices
that have been quoted.
Today one Of the brokers wanted 900
shares and was willing to give 12A for
them. but there was no stock offered at
less than 1875.
Green Copper went off another point, as
the best bid today was q. No change
was made in the figures for Mitchell Mining
as compared with yesterdays record.
Mr.. James NJ. Green, who has been laid
up for some weeks with broken leg, is
able to be out in a carriage and today
spent a portion of the morning in calling
of
street held quite a reception one &C
auantance after another stopped to greet
him.
Today's Government Receipts.
National banknotes received today for