Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-09
LOCAL FINANCIAL NEWS.

There is another indication in the stock
market of decided improvement in condi-
tons since the election other than the
very obvious one which is recorded day
by day in the sheet giving the daily
transactions, and that is the Frightening
of the skies and the clearing of the at
mosphere and in general what is known
as better feeling" The reports that
come in Of the awakening in business ana
the throwing off of depression or the past
months meet with welcome receptlon'
and to some extent counterpart OF the
bull movement in the general stock mar
ket is a characteristic of the local mar
ket.
Today the buoyancy Of prices was again
in evidence. and while the figures pretty
well throughout the list showed an ad-
vance. 1t was one that could be consid-
cred as entirely conservative. SO that the
bull movement in the local market is not
by any means radical.
The traction stocks were mostly af-
fected and furnished the bulk of the trad
ing. While no advance was made in the
case of the bonds and stocks of the Capt.
tai Traction Company, the recent hlgh
levels were maintained.
An advance was made in the bid for the
bonds Of the Washington Railway and
Electric Company Of five-eighths of a
point as compared with the closing Did
of Saturday. After call bonds were sold
at IS and S51s.
A jump Of half point was made in the
common stock. from 3612 to 81. and the
latter was bid for fifty shares and also
for large blocks. but with no result. The
bid advanced to 371s, but was withdrawn
and 81 substituted.
There was quite a demand for the pre-
ferred stock in broken lots and some Of
1t was supplied at co. the first time that
level has appeared in the course OF the
trading in this security in more than two
years. 1t is popularity supposed that q
large bulk of this stock came into the
hands of local holders at and, above 81.
and 1t has been also thought there would
not be a great amount to come on the
market until after that notch in the up
ward rise had been reached, II 1t would
occur even at that time.
The stock sold for S9a, which is the
highest point yet reached. One lot went
for an eighth OF a point lower. Alto
gether there were about 200 shares traded
In. Nothing was done in the common
stock until after the CALL when fifty
shares sold for 371s.
The traction stocks in today's market
were mainly interesting because of their
illustrating the upward tendency of the
market rather than of any large con-
tribution to the record of the days busi-
ness.
Gas stock and Greene Cannanea contrib
uted more to the total of the transactions
than did any two other securities on the
list
The trading in Greene was brought
about mainly by the demand for options.
which the buyer of the stock disposed of
at an eighth of a point above the level
of what they paid.
After the call several blocks of Greene
were sold at 1875, and one of them trans
ferred 500 shares.
Contrary to the prevailing tendency Of
the market gas stock went down. The
broker who has been doing the principal
selling in this security the past few days
had more to hand out today. which he
did on gradually sliding scale, ranging
from 6411 to 63al.
There is no gossip current about this
stock or why it is going down, and, In
fact. if one may judge from what Is said
by those interested in the local market,
there is not much attention given to gas
stock at this time. Lower levels are pre-
dicted for 1t by some but why it should
go down is not clearly stated any more
than it is when the course Of the stock
is In the other direction.