Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-11-01
The World of Finance and Trade
Washington; New York; London.
LOCAL FINANCIAL NEWS.

Capital Traction stock was quoted At to-
days meeting Of the stock exchange ex
rights or without the privilege going with
the stock of subscribing at par for the
new issue Of per cent bonds which are
to be made by the company. There were
no transactions in the stock today with
the exception Of the sale Of one share for
1864. The bid. however. fell a point and
the value Of the rights.
Inquiry was made as to the value OF the
rights. but the reply was that the rights
could not be traded in However, one OF
the brokers said he would give no for
them. and another in reply to a question
said that $12 in bonds was allotted to each
share of stock. The inquirer was in
what thousand dollar bond was worth.
or rather the premium on It,
Mergenthaler maintained the high level
reached Saturday, and. while the trans
actions were limited, yet most OF the
bid at the close. The asking price was
half a point higher. One of the brokers
wanted to know for what figure he could
get an option on fifty shares, and when
he said that was too high, and when the
Offering was lowered q half point, still he
did not take It,
The former figure represents about the
best level reached at the time the last
advance was made in this security. Last
spring. when 1t became known that the
negotiation for the purchase OF the Eng
fish company was well in hand, the stock
began to go up. and before the move
ment ended 30 had been reached, with
better prices for odd lots.
1t Is predicted by some who are great
market believers in this stock that the
present movement is going to reach still
higher levels, as II 10 based upon the
growing business and increasing earnings
Of the company.
The other typesetting machine stock
on the list IL still having a reaction from
the upward movement of recent weeks.
Today there was only one sale Of . quo
tation lot of 100 shares. and the price
paid was 49, The lowest rate reached
Saturday was 19A.
Green Cananea continues to climb
steadily up without causing much COM
motion or very much labor to the secre-
tary of the exchange who records the
daily transactions. Today, for example,
he did not put down a single trade in the
stock. although the bid was ia. while
on Saturday 1t was 11&. The asking
price was IL. The improvement in the
condition of business generally and the
better demand for the product of copper
mines is the explanation given why
Greene is worth more now than it was
some weeks ago.
Two shares of the stock Of the Bank
of Washington. security that seldom
comes on the market. were sold for 80,
and the buyer at once bid that for fifty
shares. which were not furnished. The
only stock offered was ten shares at 325.
couple of shares of the Firemen's
Insurance Company. also a stock that is
little in the trading on the exchange. was
sold for 20, and that was bid for fifty
shares, but without result.
An advance of one point was made in
the price both for the common and the
preferred stock Of the Graphophone Com
pany, but that did not stimulate the
trading. as only ten shares of the COM
mon stock were sold and the price paid
was IA. The bid was continued on that
level, but there was nothing more done
and no stock offered. The bid for the
preferred advanced to % and the asking
price was 30.