Evening star., 1909-02-15
LOCAL FINANCIAL NEWS.

The market today at the meeting OF
the Stock Exchange was active. and In the
cases of all the securities traded In the
levels were maintained, and in several
instances the advance which has been
such feature of recent transactions was
continued. In general the buying was
broader than is usually the case, and the
demand for small lots which is looked
upon as investment buying was in evil
dence in all the issues which were at all
active.
In the general market the recovery
from the slump which changed the ma
ture of the bull market continued to be
evident as was the case last week. and
no doubt some of the influence of such
condition was manifest in the charac-
ter of the trading on the local market
Nothing was done of consequence until
the preferred stock of the Washington
Railway and Electric Company was
reached, when fifty shares sold for 9O1a.
the high point of the market of last week.
The bid remained on that level, but there
was no stock for sale at less than W7s.
Before the close the bid dropped to 9O@s,
but no change was made in the asking
price.
The best price thus far paid for gas
stock, or at least up to the close Of last
week. was 7Sas Today the bid rose to
19A before sale was made. and two
figure. At 1855 the principal trading of
the day in that security took place, and
near two hundred shares were recorded
as having been sold at that price.
The bid continued at that level, and not
merely for twenty-five shares. but also
for one hundred shares. A block of that
sort was secured on the level of 7911. but
in twenty y-five-share lots and from differ
ent sources. The bid continued at 1917,
and one lot was taken at an eighth of a
point higher. The bid was then 1898. and
the asking price a quarter of a point In
advance. After the call transactions were
recorded at 79ss and 794.
The bid for Congress gas stock jumped
o97s. and the asking price was an eighth
of point higher. There was nothing
done, and then the asking price was with
drawn and 81 substituted for it.
Telephone stock is recovering from :he
setback which came with the announce
ment Of an increase in the capital stock
in order to finance the taking In of the
New Jersey company. Today the STOCK
sold as high as 1925, and 1Q2 was bid for
it and 1929 was asked. The best selling
price since the return began is 1O3A.
No change was made In Mergenthaler.
The only trading was at 213. which Is the
however remained on that level, while
the asking price was 213ls The bid on
Saturday was 212%.
The Graphophone preferred today
Joined the ranks of the common in the
particular that neither a bid nor an ask
ing price was inserted, and the column
for those figures In the case of both is
sues remained vacant.
The bid for. the stock of the Union
Trust Company advanced from 129. which
was recorded on Saturday, to 13O. but
without result. The lowest asking price
was 1914
Ten shares of United States Trust Com
pany stock sold for 1O44, and the bid
for the stock was then 100 and the asking
price 1O1.
The volume of trading in the more
active stocks on the Washington Stock
Exchange is shown by the following ag-
gregate of the number of shares dealt in
for the weeks ended on the dates speci-