Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-08
LOCAL FINANCIAL NEWS.

The tendency as displayed at the ses-
sion of the stock exchange today was to-
ward higher levels for the most part. and
in addition, and perhaps as a contributing
cause the demand for securities was
quite general and fairly good.
The common stock of the Washington
Railway and Electric Company sold as
high 4O12, due to a broker filling an Or
der for 100 shares. The best he could do
an eighth of point higher for another
similar lot. He could have got more at
a prOportOnate advance. AT the close the
bid was 40ss and the asking price 4Oas
These figures are the best that have been
recorded in this stock in a long time, and
it is a further advance in the movement
which recently started.
For the preferred stock the bid was Sis
for large blocks, and after call that was
the bid for quotation lot of fifty shares,
but the lowest asking price was s5ls The
bid that was recorded was 81, which was
higher than the figure of yesterday. AT
one time S5A was bid for fifty shares, but
that was withdrawn.
No change of consequence was made in
the figures for gas stock and the only
transaction was the sale of Twenty-Five
shares for 6S1a during the call and sim
liar lot after call for 6S2i
Something was said about block OF
800 shares, and the principal dealer in the
stock said he would give IS for such a
block, but it was not offered at any price.
Mergenthaler sold for 2OSA and then
POS was bid.
Lanston sold at 12ia. decline of an
eighth of point, as compared with
the lowest selling price Of yesterday At
the close the stock was still TO be had
at that figure and after call 200 shares
sold for 12l2.
Those who are supposed to be familiar
with the condition of the company are
unable to account for the apparent free
selling, and on a declining scale that has
been going on in this stock for several
days past.
A broker who keeps in close touch with
affairs said today that at the first of the
"year the company paid off 100000 of it's
Indebtedness. and it was expected in the
course of a short while to meet the bal
ance CT the debt. which amounts to s62,-
600. He said this would not interfere
with the resumption of the i per cent
dividend in April next.
Options on Greene Cananea sold at
12l2 and the purchase of two did not eX-
haust the supply at that price.
A bid of 100 was made for 1000 shares
of Lincoln Bank stock but no such lot
was offered. The bidder said he wanted
the entire block or none at that figure.
L Il
vance of half a point over the last re-
corded bid
The bid for Metropolitan Bank stock
rose to go, but there was no offering at
any price The bid was withdrawn and
one for 30 was substituted.
The bid for the stock of the American
Security and Trust Company advanced
from 235. which was the record of yester-
day, to 23S, but without result This bid
was Withdrawn. and go replaced it.
Sixty shares of the United States Trust
Companys stock sold at par, mostly after
call. and more would have been taken by
the buyer on the same terms if it could
have been had.
A couple of twenty-five-share lots of
Firemen's Fire Insurance Company's
stock sold for Is. and 171a was bid for
200 shares. The stock was still to be had
at IS when the buying ceased, while the
bid was an eighth of point less.
The bid for GermanAmerican Fire In
surance Company's stock advanced from
269 to 211.
The Merchants and Mechanics Savings
Bank has installed safe deposit vaults for
the convenience of its customers.
AT the 9TH and G. street branch a large
clock. recently erected, now adorns the
corner of the building.