Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-03-27
LOCAL FINANCIAL NEWS.

course today at the meeting of the stock
exchange, hut in general d decline was
recorded. 1t appeared that there was
stock FOL sale and even the lower levels
did not change the market in that par
ticular. There wee offerings of the stock
in twentyfive-share lots and one hun
dred-share lots, and also opportunities to
get options on blocks OF both these sizes.
all at lower figures than have been cur
rent in recent days.
The actual transactions during the call
were a block of 100 shares, sold at 14"s,
and twenty-five shares at I4l.. An OPP
ton on twenty-five shares was disposed
of at -
Before tie close any part of 100 shares
could have peen had at 74$.. while the
bid 'Or twenty. five shares was 74k and
the asking price 747s. The price for OPP
tions was s7yLs After the call the stock
sold for Ii;2 and IA.
An ofe: vas made TO buy or sell the
preferred stock of the Washington Rail-
way anI Electric Company at 90L after
the sale OF fifty shares at that level. but
no one APPEARED to want to do either.
The figures were renewed at the close.
namely, 80 bid and 90lk.
For some reason which was not de-
velOped Greene Cananea Copper stock
w y,
much so that the bid for it started in al
most from the beginning at 97s instead of
9ls. as was the case yesterday. Presently
one of the brokers was shouting that he
would give ten for one thousand shares
Then that was the bid for one hundred
shares after the sale of one such lot
at 91h. But there was no stock for sale
at less than 101H.
The associates of Allan E. Walker on the
which has come to him i'm the death of
his father.
The rate for money. whether on col
lateral loans or on real estate, has not
changed. although cheaper money has
fdence by some people who profess to
keep track of market conditions. AS
far as known the only divergences from
the general rates of ) per cent to
ter of official record are the deeds of
trust recorded recently in the case of
three or four pieces Of property.
The first one for $4,000 was secured
Az per cent. 1t is understood that the
money borrowed came from New York.
The next loan of this character was
one for $4,000 on business property and
was obtained in this city and the rate
was AZ per cent. The two latest trans
actions OF this kind were loan of about
$4,000 at Az per cent secured on a resi-
dence and one for $4,000 at Az per cent
on business property. both accepted from
the buyer by the seller.
There is little complaint heard as to
difficulty in getting money for building
and number of such enterprises, some
or them of considerable size have been
successfully financed and, further, with
money secured in this city.
I)nripc no 49, q.
the new cars ordered by the Washington
Railway and Electric Company for the
additional service on its lines in this
city will be here and ready for use. With
this new equipment the company will es-
tabl1sh through service on it's line out
Georgia avenue from the center of the
city. This change is one that has long
been advocated by the property holders
and residents Of that locality as calculat-
ed not only to furnish the service which
the needs Of the section demand. but also
as likely to result In a growth in the
population and an addition to the bust
ness OF the road.
What has been done along the extension
OF 14th street following the building Of
the line of the Capital Traction Company
is looked upon as cause and effect by q
good many people. From this point OF
view the building movement which has
set In throughout the Georgia avenue
section is likely to receive additional inn
petus as soon as the cars from the center
of the city begin their trips along this
thoroughfare.
The relation OF street cars to real estate
development is real and vital considera-
ton, both for those interested In realty
as we'll as for those who are developing
the resources of the traction system.
From the latter standpoint it has often
been found to be profitable to operate
lines through a section where the local
business did not yield enough to meet the
operating expenses. In the case of some
roads running out of the city this has
been the experience. and according TO the
annual statements of the companies such a
condition has not as yet entirely passed
away.
From the combined statements of the
business of the two traction companies
Of the city, as the compilation appears in
the new issue of Washington Securities,
are taken the following figures, which
show the growth of the business Of these
interests during the four years:
Gross Expendi-
receipts lures.
Capital Traction 1905. 81, $3.50 $50 81. tI55. a74
Capital Traction, 1898. :. S5597A SO4 OSs
Wash n Railway 1908. =. 1855 AGO 241702I
Wash'n Railway, 1903. 49,. 3,75S,O9S 3O33 ffI