Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-18
LOCAL FINANCIAL NEWS.

The lack of support for the stock OF
the Capital Traction Company noticed
at yesterdays meeting Of the Stock Elk
change was supplied at today's meeting
with the result that the bid advanced
to 1861, while the asking price at the
close was Hts. There was only one
transaction which occurred when twent,
shares were offered at III.
No more stock was to be had at tha
figure. A broker offered to sell 100 shares
at III, the seller to have the privilege
to deliver the stock at the end OF sixty
days. but the offer was not acted upon
There was nothing new developed In the
situation today in regard to the election
of president of the company, except
perhaps. the appearance of a party IT
favor of peace and the uniting on either
of the candidates named without regard
II which as long as the action taken b1
the directors is a unanimous one.
When asked about the situation today
Mr.. Edward ]. Stellwagen, one OF the al
rectorS. said:
THE business of the Capital Traction
Company has, during the twelve or more
years that I have been a director. been
conducted within the board room of that
company. / see no reason for departing
from this time-honOred custom by entry
into newspaper discussion.
What was done at the meeting was not
of much consequence a trait that has
become somewhat Of a habit at the daily
sessions. Some Of the brokers made more
or less ocular references to the amend
ment to the Aldrich currency bill which
was offered I'm the Senate yesterday pro-
hibiting officers of national banks and
trust companies from being memoers o.
stock exchanges. Such law would deci-
mate nearly all the membership or the
exchange. at least far as the regular
attendants arc concerned.
A rough estimate made today showed
that Of the eighteen members present ri
least six came within the prescribed list
There could be something said of the
value TO the exchange Of this particular
class of members. especially during the
months of the late panic. but those who
arc familiar with the cOndltlonS recoRHize
all this very fully.
Men who are interested in the street
railways of this city from purely imam
cial point of view, read with a good oea
of interest in Tho Star last evening tn On.
amendments to the street railway oil
adopted by the House District commlttee
The new feature was the comforting upor
the District commissioners OF the power
10 see that the provisions of the measure
were carried out and giving them author
ity to regulate the car service.
Bringing the Commissioners In as
sort of supervisory body suggests the
public utility legislation Of New forf
state and Of Wisconsin and Massacnu
setts. which constitutes COMMISSION
with somewhat similar powers. 1t IL
thought. however, that If any authority
Of this kind is to be given the Commits
sioners. it should be left TO them 10 DE
eide whether or not such measure al
the universal transfer Is fair and just Il
the companies
In fact if new body Is to be created
or If supervision over public utility cor
porations in this District is to be dele
gated by Congress, some general law, II
is thought, ought to be passed Whfcf
would cover the entire subject and for,
ever set at rest the uncertainty in regard
to such legislation which Is now of an
pIIal recurrence