Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-16
LOCAL FINANCIAL NEWS.

With the exception of Capital Traction
stock and gas stock the local market as
manifested at the meeting today Of the
stock exchange remained stationary. The
exceptions mentioned did not figure very
largely as traders.
In the case of Capital Traction stock
ten shares and twenty shares, respective
ly, offered at 134, were taken, which Is a
high notch In the late rise However,
lots he seemed to be without further or
ders, while on the other hand there did
not seem to be any special desire to sell.
as the asking price at the close was 1856,
with the bid at 1881.
There was nothing done in the other
traction securities. but the figures were
maintained practically unchanged. The
demand for them, however, did not seem
to be at all sharp and the market was
apparently taking rest from the upward
movement of the past week or 80. In this
respect the situation here was quite diff
ferent from that In New York, where the
bull movement continued in full swing.
1t may be said in regard to the traction
systems that there appears to be gen
eral agreement that their earnings this
year are larger than was the case the pre-
ceding year. At the same time both COM
pantes are spending good deal OF money
for maintenance as well as for extensions.
Only recently the Washington Railway
pose to substitute a through service to
the center of the city on the Brightwood
line for the present transfer schedule. and
also to provide new cars of the latest
type.
The Capital Traction. as we'll as the
other company. Is building extensions In
order to bring existing lines to the Union
station. and the former company Is also
providing what will be two entirely new
additions-one on New Jersey avenue and
ho
Chevy Chase line Is being rebuilt with
new rails and ties and stone ballast
throughout.
Gas stock today foLI.J buyer at g..
which was the asking price at the close OF
rather active dealing in that stock Satur-
day. The broker who then appeared to
be SO well supplied took no part In the
trading today, The stock sold today In
a couple OF lots at 85 and 65M. and when
broker took It,
An inquiry was made as to what would
be bid for 1000 shares and the response
came that 6l1a was the bid for such a
a bid of 65x was made for 100 shares. and
that was also bid for twenty-five shares.
on q quotation lot. At the close the ask
ing price was 661x. On Saturday the
closing figures were 6Ak bid and IS asked.
An offering OF $50 shares Of Mitchell
mining stock at q, which was the bid
price for the past day or so. caused q
break in the market for the stock of y
of a point. SO that at the close 4 was bid
instead Of y. and the latter was the ask
ing price. The broker who wanted to
sell the stock. however, found GUS
toner for 100 shares, but the subsequent
offering Of the fifty shares proved too
much.
One OF the brokers wanted Metropoli-
tan Bank stock, and advanced the bid q
couple Of points over the bid Of Satur-
day but without result. He withdrew
the bid, and the figure Of Saturday was
again used. No stock. however. was Of
fered for SALE The bid today advanced
from 215 to 217.
The result Of the election on the gen.
eral stock market Is believed to be evil
denced by the gain since that event Of
over six points In the average price OF
twenty active railroad stocks. and OF
over five points in the industrials.