Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-14
LOCAL FINANCIAL NEWS.

Prices were somewhat better at the
meeting today Of the stock exchange. and
the level on which the slight trading oc-
chrred was higher than that of preceding
days. From one point of view this change
marks a check in the decline which has
been going on recently In the loan mar
gins on some of the most active securities
on the list.
1t is supposed good deal has been zone
lately in supplying additional collateral
and curtailing notes on loans which have
been affected by the changes made In the
lquoted figures for the securities At any
rate. but very little stock has come out
publicly. and 1t is concluded mat the
holders have been able to protect them
selves. quality which, by the way, the
buyers of local securities seem to share
in /ortmon with the holders of Washing
ton rial estate; for 1t does not seem to
mattfr what happens to the latter mar
ket. but little property is forced out at
sacrifice prices.
The only sale of moment in this class of
securities made today was I'm the common
stock ofthe Washington Railway and Elec-
trlc Company. when a thousand shares
were sold in one block for 10. A bid for a
Slmllar lot was made yesterday by the
but yesterday he bid 20 for the stock and
got one fifty-share lot and then made the
same bid for one thousand shares. which
was not filled.
Today. however. he bid 10 for one thou
sand shares and was furnished with such
a lot by another broker who seemed then
to have exhausted his supply.
a sale was made of fifty shares at 90,
and then the bid for the stock was 10
and the asking price 81. The former fig
ure was withdrawn and 49, was subSti-
tuted for it.
Such low figures have not been quoted
in connection with this security for nearly
three years. and their appearance at this
=; -11,;.- Gil
fashion.
For the preferred stock the demand
seemed to be somewhat broader and at
slightly higher figures. A number Of
fractional lots sold at small advance
above Ga. while fifty shares went for 81.
At the close the bid was 631a and the ask
ing price 64A. The bonds sold at lower
figure than the price heretofore prevail
ing.
gas stock and the trading in 1t was not
active. a bid of 81 was made for one
hundred shares. and such lot was offer
ed at 621s At the close of the call the
bid for the stock was 611s and the asking
price point in advance.
1t seems probable that the vacancy In
the presidency of the Capital Traction
Company may be filled at the meeting or
the board of directors of the company
which is to be held next week. George
F.. Hamilton, a member of the board, is
now spoken of in connection with the
place. and he is understood to be strong
ly urged. AT the same time there are
members Of the board who are of the
opinion that d. S. CARL. the chief en-
gineer and superinte ndent Of the COM
pany. and who has been identified with
the interest for nearly twenty years,
would be an excellent man at the head
Of the company.
The board consists Of six members.
there being one vacancy, due to the death
Of Mr.. Dunlop. The members are Henry
Hurt. Edward ]. Stellwagen. William
Manice Maurice J. Adler. John S. Lar
conibe and George E. Hamilton. Mr..
Manice is a resident Of New York city
and represents the large holdings of stock
of persons who live there.