Evening star., 1909-04-24
LOCAL FINANCIAL NEWS.

There were two features of interest
about the trading at today's meeting Of
the stock exchange, and. in fact, 1t may
be said there were three such points.
One centered about the demand for the
) per cent consolidated bonds of the
Potomac Electric Power Company. which
sold on a range Of from 1O3 to 1O4, and
the closing bid for the bonds was nearly
two points better than the closing bid of
the day before.
Altogether the buyer. for there was
practically but one. got good-sized
block of the bonds on rising range OF
prices. He said he wanted S5O,OOO. but
the record showed an aggregate of sales
of about $iOUuO. This buying, which was
on a large scale for this market, or
rather Tor these times, appeared to have
exhausted the supply, at any rate at the
current figures, for al the close there
were 10 bonds offered for sale at less
than 1912.
THIS issue of the electric lighting COM
pany is distinguished from the other
bond issue, which is called "firsts.' by
the name of consolidated. They we're
not listed on the board until after the
beginning of the present year, and the
prices of today represent the highest ever
recorded for them.
Another security that joined in the pro-
cession toward higher levels was the pre-
ferred stock of the Washington Railway
and Electric Company. Yesterday it beat
the record thus far reached since the high
of four or five years ago, by selling at
91as At the close yesterday the bid was
91l2 But today the closing bid was a full
point in advance OF the best selling price
of yesterday, as 92ss was bid and SO was
asked.
There were no quotation lots of fifty
shares dealt in during the call. But small
or broken lots were solu on a range of
from 921s to 92s. The bid for fifty shares
gradually arose, SO that at the close it
reached 923s.
A bid of 32l2 was made for any part of
800 shares, and at that time over 200
shares were on the floor at 03.
course and the same broker who has
been the buyer for some weeks past was
again in the market looking for stock and
willing to give better figures than those
that have been current of late. Yesterday
the stock sold for 73A in small lots. and
each OF twenty-five shares. There was
apparently no more stock for sale at that
figure, and the asking price was then "a
but there was no further advance in the
bid
Arrangements have been made by G.
Bowie Chapman to open new Offices in the
Colorado building Monday, where he will
carry On the brokerage business and will
represent the New York firm of Harri-
man & Co.
The New York firm OF Hutton Co.,
with offices at F. and 18th streets, which
Mr.. Chapman recently represented. is in
charge of representatives from the home
office. but it is expected local manager
will be selected at once.
In cooperation with the national none
tary commission, the controller of the
currency in issuing the next call for re-
ports from the national banks of the
country will also send blank forms to all
state banks. savings banks. trust COM
panies and private banks in the country,
with the view of securing complete in
formation from all the banks of the
country on a given day for statistical pur-
poses only. the data being regarded as
confidential and only the totals to be
given out.
What is intended to be done in regard
to all banks in the country has already
been accomplished by the District,
where all public institutions of this sort
are required by law to make the same
sort OF report to the controller as 1t has
been usual to receive from the national
banks since the beginning Of that system.