Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-16
LOCAL FINANCIAL NEWS.

Better figures were bid Tor the secuIi-
ties on the more active list Of the WASH
ington Stock Exchange At today's meet
ing than was the case yesterday. but THIS
stronger market. As it was looked upon.
was not accompanied by any increase IN
the trading. The same condition existed
today If Wall street and was probably
due to the same cause, for when surprise
was expressed at the advance the ex-
PLANTATION offered was that Taft was going
to be nominated at Chicago.
According to the views Of . number OF
men having financial interest the assur"
ance OF the naming Of Taft, or, IN 1aet:
to warrant an upward course OF the stock
market.
The bond list was entirely neglected ex-
cept limited demand for Capital Irac-
At ITO.
The bid for the per cent bonds Of the
washington Railway Company advanced
n,d point the ,hs
common stock ran UP to 81 in what was
apparently an effort to get block OF
nifty shares which It was supposed one
OF the brokers had for sale.
Before the close thin bid was withdrawn
and 80 was substituted. which was a
point higher than the closing bid Of yes
tefday. A slight advance was made In
the figures for the preferred stock.
Gas stock also shared in this general
movement. and a quarter OF a point was
bid for the stock more than was the case
yehterday. A rather unusual feature In
connection with this security of recent
days was q bid for such block as 100
shares. For such a lot 65N was bid. while
for twenty-five shares. which is a quota
ton lot, tho bid was 85al, and at one time
an eighth Of q point higher.
Three twenty-five shares lots Of George
town Gas were sold. and the prices paid
were g., 63s and 63A. The bid at the
close was GA. while the asking price was
so. which is the same as that of yester-
day. However, at that time the bid for
the stock was only 81.
1t Is not often that stock Of this COM
pany comes on the market. as there are
At the level Of selling above noted the
stock paid about per cent. which Is a
little more than the stock Of the parent
company yields at the current market
price.
Boil, companies pay the Same rate Of
dividend, namely, 10 per cent. but In
the case Of the Washington company this
amounts to e per year on each share OF
stock Of the par value Of $40. while for
the Georgetown company 1t Is $3.50 per
share.
There is nothing known Of the probable
action OF the stockholders OF the George
town company at the meeting which Is
called for the 18th Of next month as to
the character Of the certificates 1t is
proposed to issue In order to pay of the
existing floating debt and also provide for
future extensions.
All that Is known on the subject is
contained In the call for the meeting.
which stated that the stockholders were
recommended to authorize an issue Of
$685. 900 in certificates, but nothing was
said about the rate of interest which 1t
is proposed to pay or the period for which
they are to run.
The only transaction In the typesetting
machine stocks was the sale of 800 shares
Of Lanston at 1O1t. while the bid for the
stock remained at TO- with the asking
price half q point higher. One Of the
brokers bid IL for an option for a year
without interest on 100 shares. and such
An option was offered at IL. as we'll as
ono on a thousand shares.
Greene Copper got into the dealings for
tho day by sale Of 100 shares at II.
which is half a point higher than the
asking price yesterday. At the close the
stock was for sale at IN and the bid
was 10.