The Washington herald., 1908-05-19
LOCAL FINANCIAL GOSSIP.

Business. on the Washington Stock Ex-
change yesterday was up to the volume
and nearly up TO, the prices Of the most
active days Of the exchange, at the be
ginning OF last year. Yesterday the
operations behind the rail were desig-
mated by witty observer as reckless
buying OF everything In sight"
Yesterday there was q big lot of bonds
and stock for sale at prevailing prices,
but by careful sparring the sales we're
fed out on a rising scale, and several is
sues of the local utility securities made
new high levels for the present year.
The transactions we're $500 in bonds and
,4S4 shares of stocks.
The bond selling was principally IN
Washington Railway Is, which amounted
TO $500. the prices ranging from Sz1z TO
S2A. Capital Traction 5s sold $500 bond
at 111A
Capital Traction stock attracted little
attention, five shares being sold at lSl.
The real fun began when regular call
reached Washington Railway and Eiee-
tric common. The bidding for this stock
became very animated, when it became
apparent that there was large block OF
the stock for sale, and that single
broker wanted all he could get Of 1t.
The selling price started at SSA. and went
up hv fractions to 55, nearly $50 share
higher than the selling price last Satur-
day. In all T66 shares changed hands
The preferred stock sold l2s shares al
s.. ana the call for il was not satisnee
by the amount for sale.
In connection with the large volume OF
business yesterday in the securities OF
the Washington Railway and Electric
Company. it may be mentioned that the
company has begun the improvement OF
its system by laying new eighty-nve-
pound rails upon the Columbia line, run
ming between New York avenue and FIJI
teenth street northwest and F1fteenth
and II streets northeast. This Improve
raent has been under consideration for
about a year, and the line will be re-
built between the limits named within
the next month.
Lanston for several days has been at
tracing attention. II is being noiseo
about that the stock viii pay dividends
at the next dividend period, and upon the
supposItion that the same rate OF divi-
dend will be paid, the stock is now quite
low. Yesterday 4e4 shares were taken
between 10A and 10&.
Other trading was in fractional los
OF stock In several issues without much
change in prices. otner than CONNER
cial National Bank, which was bid up
IS. and 10 shares sold at 10
Thomas r. Jones. president OF the
National Savings and Trust Company,
reached the age of three score and ten
yesterday, and his fellow officers and
the employees of the institution made
the dav happy for him. by the presenta-
ton OF A handsome bunch or roses and
an expression of their esteem. with coB-
gratulations upon his good old age IN
the enjoyment Of health and the good
wishes OF many friends.
ldr. Jones, though seventy. is one OF the
active men OF the city. and one Of the
active forces OF the community. He
wears no marks Of age. and is ir' fine
vigor, ripe judgment. and keep inssrest
in financial affairs; he administers the
affairs OF the big trust company with an
efficiency and energy which gives prom
ise Of many more years OF usefulness.
Mr.. Jones Is one Of the many living ar
guments against Oslerism, which We have
in Washington.