Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-02-16
LOCAL FINANCIAL NEWS.

1t was noted with some interest at the
meeting of the stock exchange today that.
while there was but little done in the
bond list, the figures In the case OF
the Georgetown Gas Company's per cent
bonds and the 6 per cent certificates OF
the Washington Gas Light Company
made quite an advance, without resulting.
however in any trading.
The stock of the Washington Gas Com
pany, however, reversed the course which
it has been steadily pursuing now for sew
eral weeks toward the 90 mark-some
say 100 MARYLAND was offered for sale
al the same price that was bid for IT AT
the close of the trading yesterday. Inc
bid for the stock today sank half point.
and instead of 1888, as was recorded yes
terday, the bid today was 1878. Nothing
was done.
When the stock Of the Georgetown Gas
Company was reached the advance OF
yesterday. which amounted to several
points. was almost duplicated. as the BID
rose to 81. which was the asking price
of yesterday. The value Of the stock rose
at the same time in the estimation OF
those who had any for sale. which was
not indicated to be very much.
There was however, an onerlng OF 81,
which was Withdrawn before the close so
that the record shows there was no stock
offered at any figure. The capital STOCK
of this company amounts to only $loo
OUO and as occupying what might be
termed the relation Of subsidiary com
pany to the larger concern. its stock Is
so held that there is not much at any
time to come on the market.
This prove to be the case today. but,
this company, the present movement can
not be said to have any particular sig
nifcance.
@l,4 lS,,O In
the preferred stock of the Washington
Railway and Electric Company was the
demand for small lots. The supply OF
such stock did not appear to be limlteo,
and the only reason why there were not
more transactions, apparently. was the
difference of opinion about the price. The
selling prices both for quotation lots OF
fifty shares and for broken lots was 9O1a,
while the bid for the former did not rise
above 9O4. and for the latter, sos.
Some lots were taken at the asking
price. and one an eighth of point less:
After call fifty shares sold for sos, and
odd lots at fractionally less.
Mergenthaler sold as high as PA. but
only ten shares were secured at that
level The bid was then PA, which Is a
point higher then the recorded figures OF
yesterday. The bid Of pa was also made
for sxtyday option on 100 shares. At
the close the asking price was PIG.
Lie olicI ~ pSSSlthi6 AidIiiiS SUN va
the list. LanSton, also appeared to be In
fected by the same impulse that was
sending Mergenthaler forward. and In
consequence. after a sale of 100 shares
at 12s4, the bid rose to that level and re-
manned there. The asking price was Ii.
which are better figures than have been
set down in connection with this stock for
some time.
As far as the current talk is concerned
there Is not much heard to indicate that
there is any particular reason why Ian
ston should 60 up, except, of course. when
inquiries are made it is stated that the
company is doing good business and
that it has about got rid of it's indebted
ness.
1t is expected that in April next the
payment of the semi-annual dividend OF
. per cent upon the par value OF the
stock. which is 70. will be resumed At
that rate the stock pays a little over 9
per cent upon a value of IL. There Is
nothing said in the current talk about any
increase in the dividend or anything else
that would point to larger return to the
stockholders.
Quite a good deal of trading was done
in the bank and trust company stock list,
but there was no change of consequence
made in any case In the prevailing levels
Of values.