Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-12
LOCAL FINANCIAL NEWS.

Higher figures were recorded in the
case Of the Washington Railway stocks
at the meeting today of the stock ex-
change, but that did not bring about
any trading. In the case of the common
stock IS appears to be the low limit for
those who have the stock for sale, and
today the bid went to that level and
stayed there without costing any one
single share.
For the preferred stock the figures
reached S3 with ease, and stayed there.
fifty shares sold for S3A But little was
done throughout the rest of the list, but
the level of prices was maintained, and,
like the general market, the tone was
firm and. unlike the general market. there
was little selling either for profits or for
any other reason.
Gas stock sold again on the same low
level which was reached yesterday, name
ly. g.. The seller of the preceding days
had the stock at that price. and a couple
of share lots were taken and
then the bid dropped to 81. SO that the
quantity to be had at 81 was not re-
vealed.
Five hundred shares of Mitchell Mining
stock were sold by one broker to another,
and the price paid was 70, which Is
somewhat in advance of what has been
current LOT tEIS STOCK Oh late Gays. HOW
ever. the amount to be had at that figure
was evidently exhausted, as the bid re-
manned on that level with the asking
price an eighth Of point in advance.
There Is no gossip relative to this COM
pany or its future. and no one seems to
have any very definite information as to
what Is going to be done
The friends of Mr.. McDermott, the
former president of the Washington Rail-
80
to know that he is recovering rapidly from
a recent illness, and the prospects are
that he will be entirely free from the
| trouble which has kept him in bad health
for several years
York city yesterday gave hearing on the
petition OF citizens asking for the restora-
ton of transfers between the Metropolitan
Railway Company and the company oper-
atinE the 59th street line. The former
company is now in the hands of receivers,
and the latter company was operated by
the Metropolitan company under lease,
but the lease has been surrendered to the
owning company. which is now operating
1t. Since the separation the transfer sys-
TEN between the two lines has been given
up. The explanation for the change on
the part of the railways was that one of
the companies was already in the hands
of receivers, and it was desired to keep
it was thought best not to divide the bust
ness between the two concerns. The
commission, however, issued an order
directing the companies to make an agree
ment to restore the transfer privilege.
Owing to failure to reach an agree
ment as to the price of gas the city OF
Buffalo. N. Y. is in arrears to the gas
company of that city for the bills of a
year. The company threatens to shut off
the city's supply next month unless the
city arranges to pay the same rate as
that paid by private consumers. Such a
rate Is 95 cents The city authorities
had been paying Is cents and the gas
company insisted on the advanced rate.
On account of the deficit shown in the
| reports Of the Municipal Traction Com
pany of Cleveland. Ohio. the democratic
! members Of the city council have agreed
TO a change in the cost of single fares
from to ) cents. Tickets may be pur-
chased at the 3-cent rate.