Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-28
LOCAL FINANCIAL NEWS.

| The upward tendency in the case OF
the fractions stocks was again in evil
dence at today's meeting of the Stock
Exchange. and this was done without
much trading. While the bid in most
| cases shows an advance, the asking prices
also have been pushed up. which might
account for the small volume of bust
| ness done In spite of the better prices
which prospective buyers seemed willing
to pay.
There was slight change made in
the figures for Capital Traction stock
| which showed a gain over those of yes
terday.
In the case of the common stock OF
the Washington Railway the bid went to
1914. an advance Of a quarter Of a point
while the asking price came down from
2Cls to 20A. The bid of 10 was made
for 1O0-share lot and also for 200 shares,
and the latter lot was offered at 20lA
At the close the asking price for fifty
shares reached the latter level.
A new high recent level tn the pre-
ferred stock was reached when fifty
shares sold for 65E, the latter being the
asking price at the close of the trading
yesterday.
The seller of that lot announced that he
had 400 shares for sale and would sell the
stock rose to 65 and the asking price was
rs. but before the close the bid was with
drawn and 641z substituted.
any security on the list, as 1t sold as high
as 591a. which compared with $50. the
best selling price of yesterday, shows Ia
jump of more than point.
An option on 100 shares was taken at
49,. and that was the bid for options
h,Yf HI-JtG n II, f,yr
sactions of that character. At the close
the bid was 59ts, while yesterday the bid
was 575s. The asking price was 59A.
which was withdrawn and 60 was put in
Its place.
After the call couple of transactions
in twenty-five-share lots were recorded at
co.'s and 6O,4.
There was nothing done in the type
setting machine stocks and the lower
levels, which have been reached in re-
cent days. were not changed. This is
more marked in the case of Mergenthaler
than with the LanstOn stock, but the lat
ter Is more active and it's fluctuations
have usually a wider range. There is no
special reason given for this movement
In either case.
For some reason which is not explained
the two copper stocks listed on the ex-
change do not share in the recent upward
general market in the case of some of
the leading securities of this kind
The figures which were quoted yester-
day were put in today practically without
change, and no interest was shown in
them.
The branch Office in this city of the
brokerage firm of Post & FIagg of New
York city Will be closed at the end of
the present month, and the business will
be taken over by Lewis johnson & Co.
Benjamin. Woodruff the manager for the
past five years. will enter the employ of
Johnson & Co.
The Wire service of the retiring firm is
to be continued by johnson & Co, which
will supplement the service now furnished
by the wire of Moore & Schley.
Thomas l.. Hume at the end Of the
month retires from the brokerage firm of
w. b. Hibbs & Co. and will open in this
city banking and brokerage Office. Mr.
Hume is now serving his second term
as president of the Washington Stock
Exchange
1t is the purpose of Mr.. Hibbs as soon
as the furniture is on hand for the Off
ces which he has prepared in the office
building which he recently erected on
10Th near II street to remove his business
from the present location in the Glover
building on-F street to the new quarters.