Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-02
LOCAL FINANCIAL NEWS.

What attracted the most attention IN
the trading at the meeting today OF the
stock exchange was what was done III
Lanston. The better figures paid for the
stock rather than the volume of trading
was a distinctive feature. and that In the
common gossip was attributed to the
news that was given in The Star yester-
dav that a contract had been mace oy
the English company to equip the once
of the London Times with the machines.
Confidence was expressed that the pay
ment Of the dividend OF per cent on ,,is
par value OF the stock. which is ~. 49, -,
he resumed at the next dividend periou ~
the coming fall The belief in the pIoo.
ahi,itv OF that was fortified by the ones
made nv a broker who said ne Wou'u
guarantees to pay the interest on an opium ~,
he offered for a year on l.uU shalee "
II the dividend for that perioo was ~
sufficient to meet the ln.e sI, rats for
: per cent, which is the prevailing rate lux
loans ,- x,,,o, m the
.ern,s offered. and in addition some frac-
tional lots sold for IL. and a lv.shs 90
lot went for ~ ut dh ia t mat trading adj with
- the asking price. YESTERDAY d. .,e
ciose the bid was 1Ol4 and the asKlhs
price was L.
hesitation
marked the bidding for the STOCK OF t.ie
C'anitaI Traction Company at the outset.
The bidding began at 10 which IS even
below the rather low level of recent DAYS.
and one explanation given In the current
talk was that II was due 10 'lie 49,
hension that large blocks or the s,oek
will come on the market Reference was
made in this connection to the order macs
in the Probate Court yesterday autIor
ling the trustees of the estate OF George
T. Dunlop to sell stock.
The feeling. however, seemed 70 wear
away. for the bid came back to l2l.s.
which is within quarter OF a point OF
the bid of yesterday. The asking price re-
manned the same. 1o7h. 1t was concluded
on the part of some that the authority
given nv the court could be exercised
without placing the stock on the market.
Considerable comment occurred while gas
certificates were on call as to what would
happen to these securities. as the f1rst
five-year period of the life of the certiti-
Gates expired yesterday. and it now lies
within the option of the company TO
redeem them at any time. or to allow
them to run for the full period, which
ends in 1923.
on this subject, but as the bid for them
rose from JOB to 1O312 1t was presumed
that 1t was not the intention to pay them
off right away. There was no trading
In them and none was offered for sale.
A bid for 500 600 in Washington Railway
and Electric bonds at s0a< was made and
a sale of that amount was recorded. Sew
eral bonds sold for 81. and there were
more to be had at that figure when the
trading closed.
The common stock of the Washington
Railway and Electric Company sold for
"a an the preferred for 81 The busi-
ness done in them was larger in volume
than has been recorded in several days.
In a rather Ella borate account of the
history of the passage of the emergency
currency bill which appeared in the New
York Herald the main credit for the sue
cessful issue OF the efforts made to have
some currency legislation at the late ses
sion of Congress Is given to Speaker Can
non. Senator Aldrich and Mr.. Charles c.
Glover.