Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-15


Quite o contrary experience was that
of the per cent bonds of the Washing
ton Railway and Electric Company, as
the buyers outnumbered the sellers, and
as result an advance was made over
the closing figures of yesterday of y
points.
Yesterday the bid at the close for
these bonds was 81 u. while today the
closing bid was 80 y. The supply at s2h
at which level all OF the sales were
as they were still offered. On the LIST
Of June the half-yearly coupon of So is
due on these bonds, so that the market
price for them at this time is the sell
Ing price less the interest.
Very little was done in the railway stocks.
slight advance was made In the bid for
Capital Traction stock and also In the bid
Capital Traction stock. and also in the bid
Railway and Electric Company. Sales were
made at 30 and the bid remained at that
level. but there was not much interest
shown in that or in the preferred stock.
The same narrowness of the market that
was remarked In the case of the railway Sc
curities was also noticed in the case of gas
stock, which Is the most conspicuous Sc
curity on the market at the present time
and the one about which centers the most
active trading that has been done on the
ioCdl DOdTQ IOT the past week OF SO, WIFI
the possible exception of the rights to the
Capital Traction new per cent bonds.
Yesterday the selling was at GO. and
quarter and an eighth of a point below that
level, while today the sales ranged from 63
to 631s. with the bid at the latter figure and
the asking price at "a. Yesterday the fig
ures were 62& and 62b.
An option on 100 shares sold for "a, and
that became the bid for options, with the
asking price half point in advance. The
trading did not seem to be at all
general and nothing developed to throw
any new light on the very interesting aues-
ton of what, II anything, Is going to
happen in the case of this security.
There is also lack of current gossip
about the Washington railway situation. in
spite of the fact that beginning the LIST
of June the stock certificates will be
changed for. the regular certificates of
stock, as at that time the voting trust will
be dissolved.
The real owners of the stock and those
who are in control will become known as
soon as this transfer has made much
progress, but it may be said at this time
that while some confident statements are
made as to where the control now is, there
is really not much known about 1t. II Is
claimed with much positiveness that the
voting trustees and those associated with
them-or, in other words, the present man
agement-have that control, while, on the
other hand, 1T is also asserted that the
people who have put forth Mr.. Loeb as
their candidate for the presidency will be
able to organize the company when the
time comes
Mitchell Mining stock proved to be the
largest trader of the day, and as far as
mere volume goes might have that ais
tinction for good many days In the past.
Over 5000 shares were traded in, and the
range in the fiuctuation Of price was only
about a quarter Of point. Yesterday
was bid for the stock, while today the sell
ing was on a range from to "a.
At the close as was bid and 3H was
asked.