Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-12-29
LOCAL FINANCIAL NEWS.

The local market today again shared
with the general market in the upward
movement. and while in the case of the
latter the gains were greater and higher
elevations were reached. the progress
by moderation.
There were, of course. some exceptions.
which were not. however. due to the
general but rather to particular condi-
TONS and one of these was the lower
figures for the few bonds of the Capital
Traction Company that were sold. The
selling price was 11o1s for two five-hun-
dred-dolar bonds. which is a new low
level for these securities. At the close
the bid was lis, and the asking price 49,
At the same time and in keeping with
the course of late days. the bid for the
stock advanced to $50 instead of 100, as
was recorded yesterday. A couple of odd
lots and one quotation lot went for 13ols,
and at the close a quotatio lot of twenty
shares was offered for 13O12.
The common stock of the Washington
Railway and Electric company sold on a
range Of from 391s to 39a4. The buyer OF
yesterday was the seller of today, and
the broker who took the stock wanted 500
shares. He got go at 39la and fifty more
at an advance Of an eighth OF point,
and he bid $685. for 200 shares to complete
the amount he wanted. He might have
gotten more stock by paying an eighth OF
point more, as the stock at the close
was offered at 393s, while the bid was
39s4 But nothing more was done. The
principal broker in the stock made bid
of 40 for 10000 shares.
The only transaction during the call in
the preferred stock OF the Washington
Railway and Electric Company was the
sale of forty-four shares for s45s. The
bid remained at the same level of yes
terday-namely, S412-and that was bid
for any part of 1000 shares The asking
price was also unchanged at S4A.
The per cent bonds of the company
were in good demand and in filling the
orders for these securities. which were
distributed among more brokers than is
apt to be the case the figures paid ranged
from S74 to IS and the high point reached
is by far the best for many month.
At one time bid of S71s was made for
block of $4,000. At the close the bid
was IS and the asking price an eighth of
a point in advance. Yesterdays figures
were S67s bid and SIS asked
Gas stock was in good demand. but did
not reach the price of q transaction of
yesterday. when twenty-five shares sold
for 717s Today 125 shares sold during the
call from y to 71as. After call, however,
the best figure that has been recorded in
the transactions in this security of re-
cent days. During the call the broker
who was doing most of the buying In
Nuired for a 10O-share lot and bid 71E
for it, but it was not offered at less than
- at that time. At the close the bid for
the stock was 7112 and the asking price -.
The amount that was sold was the
main feature of the dealing in telephone
stock today. While only sixty shares
were dealt in. yet it was a comparative
Iy large amount. as the stock does not
figure very much in the daily transactions.
The hest price heretofore paid was given
as 1c3, which was the uniform figure. The
bid remained at that level.
Two hundred shares of Mitchell sold
for SIG. and then bids of Is for 1000
shares were on the floor at one time.
Such block was to be had at 4.
Twelve shares Of Lincoln Bank stock
sold for Us. and the bid for a quota
ton lot of the shares was 127 and the
asking price was 40. Yesterday the bid
for the stock was 1c5.
An advance in the bid for Metropolitan
Bank stock was made from al6 to 220.