Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-11
LOCAL FINANCIAL NEWS.

The absence from the --arket OF buyers.
except in the case Of q very few of the Sc
curities listed on the exchange, was Illus
trated to some extent by what was done
today in Capital Traction stock. or rather
what was attempted to be DONE One of the
brokers had twenty shares for sale and Of
fered them at 1894. which was below the
last selling price o. the stock and much less
than what has been the current figure for
this stock for some time past.
The best bid was 10. "a, and there was no
great rush for tie block Of stock even at
that price. Some one asked what would be
the bid for one unored shares, il order
apparently to find out what was the temper
OF the market. and the best figure that was
given in response was 135.
Exactly why there is a lack of buyers, or
that there should be indifference on the
part Of those on the lookout for oppor-
tunities. is not clearly understood. It is
not due to scarcity of money, as every one
reports that banks have plenty Of funds
to loan. on SUFFICIENT security. at 3 per
cent. The slight volume Of business done
for some days past has made no drain on
banking funds. as such transactions have
been made, as rule, with the cash. as Is
apt to be the case in all Investment buying.
With abundance OF money and the figures
stu down where they went during the re-
cent so-called panic, there IL little or no
speculative buying.
The buying In the common stock Of the
Washington Railway and Electric Com
pany presented the same features that nave
been exhibited for the past few days. All
the stock that was for sale at 20 and 40h
was taken, and the bid was maintained on
the latter level.
The supply at those prices was not large
as only some 600 shares were brought out
at 40. and little over 100 at the advance OF
an eighth of point
Reports Of the leading industrial com
panies to the Wall Street Journal are 70
the effect that their business has been
larger in the first quarter Of the year than
in the corresponding quarter OF last year.
The money market is returning to more
normal conditions.
Winter wheat report is excellent and an
early and large crop is In prospect. In
other words, 1t is stated the business re-
cession predicted has not put in an appear
ance.
The annual meeting of the stockholders
Of the Lanston company was held today IN
Alexandria According to the reports SUD-
mitted of the business done during the year
an increase as compared with the business
at this time last year, is shown OF over
$500, 600 in the item of bills receivable and
OF over 100000 in accounts receivable.
These items are supposed to represent the
volume of business done. 1t Is also supposed
that under the heading OF profit and loss
is pldCcu tie surplus VI IiAo SoAiAPoAAJ' .N
that is the case it is concluded that. In ad-
dition to the dividend Of nearly $2OO.O0O,
the earnings reached about 100000
AS the capital stock OF the company is
5000, 900, the conclusion has been arrived
at by some who have examined the annual
reports that the company is earning what
is equivalent to a 10 per cent dividend.
Today's Government Receipts.
National bank notes received today for
redemption, STA 1855; government receipts,
from internal revenue, $4OJ,9O1; customs,
$9O1 1O6: miscellaneous, $67, I05; expendi-