Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-05-16
LOCAL FINANCIAL NEWS.

Both of the traction stocks at the meet
ing today of the stock exchange were
stronger than they have been of late. and
in one case sold up to the best level thus
far attained. and in the other at SEN
sible advance over the recent high record.
Capital Traction stock again sold at 13l,
and while during the call the sales only
amounted to thirty shares. it was evil
dent that more stock could have been
disposed of at the same price If 1t had
been available.
The preferred stock of Washington Rail
way sold during the call at S47s, which Is
an advance over the figures Of yesterday
At one time there were bids on the moor
for 800 shares at SAY. At the close the
asking price was IS and the bid SAN
After call fifty shares sold for s..
An unusually large business was done
in both the typesetting machine stocks.
Mergenthaler sold for 1895 and 1891.
while Lanston went as high in the sales
as 1Oh. and at the close the bid was 10
and the asking price 1O!4.
The daily meeting place Of the exchange
will be shifted from the third floor Of the
Adams building to the first floor. in a
room of the same size as the one now
occupied and having the relative position
in the building.
At present the room forms q portion OF
the suite of offices of Thomas L. Hume,
but he will supply its place by taking
additional Office space adjoining his pres
ent suite.
The fact that the conferees on the street
railway bill reached an agreement yes
terday leaves that vexed question now
to the two Houses of Congress. and II
the report is approved then the railway
he obi 70 n.
struction of needed connections with the
Union station. No change has been made
in the plan adopted by the Senate as to
the new trackage The existing lines on
c street will be given access to the sta
Extensions of the Capital Traction lines
from Florida avenue and 7th street along
the former thoroughfare to Sth street
east and then south on that street to the
existing line on Pennsylvania avenue east
and also from the same locality south
along New Jersey avenue to the station.
are features.
The provision for universal transfers
which was the bone of contention is omit
ted. while instead of giving to the Dis
trict Commissioners, as proposed some
supervision over the companies. author
ity Is conferred on the interstate COM
merce commission. But such power Is re-
stricted as compared to that which Is
given. for example. to the public utilities
CON mission of New York state. 1t does
not include the issue of securities by the
companies but is confined to the making
of rules by the commission to enforce
compliance with the requirements OF the
section of the proposed law as to provid-
Ing sufficient number of cars and their
expedition in operation.
Such a noutcome of the prolonged con-
troversy as the adoption by Congress of
the conferees' report will be looked upon
as favorable to the companies. and as a
satisfactory conclusion Of a contest that
was at times regarded with apprehension
by those who are interested in the finan-
cial welfare of the companies The prepa-
rations for the building of the required
extensions. are in such a forward state
that it is believed the work will be COM
pleted In time to provide the necessary
facilities for the crowds that will come
to the city for the presidential Inaugural
ton next March.