Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-09-29
LOCAL FINANCIAL NEWS.

The narrowness OF the market on
the local exchange was illustrated yester-
day when two of the leading stocks on the
list could not find purchasers, even when
offered at prices which were below the pre-
vailing figures. At these prices the divi-
dend paid was equal to nearly five per cent
It is recognized that the lack Of a demand
Tor the stocks under these circumstances
was due not to lack of confidence in
their future, but to a want of money needed
for the investment.
Experience has shown that a few hum
dred shares of stock represent at times
the limit of the buying capacity and when
that Is reached the offering Is usually sus-
pended until more favorable opportunity
There Is practically nothing in the local
stock market at all similar to what is quite
common on the New York market of large
docks OF stock selling without recourse at
whatever Is offered. If that sort of thing
was liable to happen here then methods
of protecting stock would have to be fol-
| lowed and an organized effort made to
maintain prices in an emergency.
There is very little done here in the way
of looking after the daily transactions in
LEGAL securities. although in the case of
| representatives Of the companies are
| members of the board. An attempt is also
| made on a limited scale to protect certain
stocks, but 1t is by no means general. and
II is thought by some that this should be
done, especially in the case of certain
classes of securities.
1t is explained that most people are
almost entirely guided by the quotations.
and when they notice fluctuations but more
particularly a downward tendency, they are
apt to become uneasy.
Certificates Of incorporation of the. fol-
lowing have been placed on record here:
The Capital" formed for the purpose
or publishing a newspaper: capital stock.
| $4,000; incorporators. Barry Buckley, Or
rem G. Staples, Edward s. McCamont A.
+. l.. Leckie, William S. Bronson, Frank
| Fl. Thomas, Louis P Shoemaker and Will
| liam S. Knox.
ganized to deal in mercantile articles; capt.
| tai stock, $4,000; incorpOrators. J. E.
| Lobingier, c. H Nicely and A. ]. Scott.
The Washington and Virginia Stockyard
| and Abattoir Company; capital, 100000
| incorporators. Charles w. Botsch. William
| G. Carter. j. E. Donovan Charles E. Ebel
| r. A. Golden. S. r.. Hoover, William F.
! Hunt, Louis P. Krey and CIoyd Tayenner
! The Anglo-American Gypsum Company
| of the District of Columbia; capital, $780,
| 600; incorporators P. c. Hamilton and R.
o. Costello.
| The Ohio Toilet Manufacturing Company
capital $10o0OOO; incorporators. w. F..
Shaw of Toledo Ohio; NJ j. Wilkinson, R.
s. Donaldson and E. W. Mccormick.
| The Amor Orc Gold Mine of Flu
wanna county, Va: capital $500, 900; incor-
porators, G. j. Bond, Joseph L. Atkins, r.
P. Below. Charles NJ Cassell. Charles T.
| Snyder. ]. F. Saum, E. H. Bogley. Elvin
| Wilson.
AT meeting of the council Of administra-
| ton of the Bankers Association of the Dis
| trict of Columbia, Milton E.Ailes was elect
| ed a delegate to attend the convention of
| the American Bankers Association, which
| is to be held in San Francisco next month
E. Quincy Smith was elected as the alter
nate.
Capital Traction stock was better sup
I nrt tod ct vnh no tod 4IaY,
sales made at less than 119. The offerings
We're not large, but all the stock, amount
! ing to a little over 100 shares that were
| for sale, were taken at that figure.
| There was but little gas stock for sale
| and in fact of any kind, and the demand
| was comparatively slim. Twenty-Five shares
| of Gas were sold for GOA and 100 were offer
| ed at 60, but purchaser was not found
Some 81, 500 of Washington Street Railway
| bonds sold readily at 721s and 12A
There were some transactions in both the
common and the preferred stock of the
| Graphophone Company, twenty-nine shares
| of the former selling at 3A and fifty Of the
| latter at S1a.
Ten shares of the American National
| Bank stock brought ia and three shares of
| Potomac Fire Insurance went for 50. These
| small lots apparently represented all the
stock that was for sale.
| The general list1essness that prevailed
| was shown in the case OF the telephone
stock, when the best bid that could be OBJ
| tanned was so, although none was offered
| at less than 80.