Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-10-27
Unchanged.
CHEESE Unchanged.
SUGAR
LOCAL FINANCIAL NEWS.

n great deal has been done during the
past summer In the way of charging and
Improving the quarters occupied by several
OF the financial institutions so that the
puiiuings or this sort are now generally of
modern type. The increase In the bust
ness has justified such improvements. and
the enlarged banking resources of the Dis
trict show the growing Importance of this
department OF activity. At present the prob
lem Of supplying the local demands for
money on the part of local institutions Is
more nearly solved than ever before in the
history OF the District
1t may be said that local enterprises are
more independent or outside financial aid
than ever before. and 1t Is predicted that
TINS Is likely to continue to be the case
1t Is probable that the financing of large
local undertakings will be done hereafter
mere, although. of course, without depart
ing radically from the traditions of the
past which are recognized as conservative
All promotion in business enterprises is not
unSa1e and II Is probable that this fact
VIII receive adequate recognition by those
who control in large degree the loan
resources of the District
The advance in the quotation prices Of
local securities which has been noticeable
Tor some time past on the local stock ex-
change IL OF course due to some extent TO
speculative movements At the same time
IT Is eoinefdent with a general rise in the
quoted prices of securities in Wall street
AS prices never reached such a low level
In local securities as was the case in the
general market the advance will not, of
course. he proportionaily as great IL is
expected that the higher range OF prices
Will lead to greater activity, II is be-
IieFed DuyerS are more apt to be attracted
py rising market than any other kind.
AT the same time stock may be brought on
the market In order that the holders may
get the benefit Of the advance.
The tran 50 ctiops ", honda x,,aro
In todays dealings on the stock exchange.
and the record made OF aggregate sales of
this class or securities was one of the
largest for months past. While the buy
ing came principally from one source, the
selling was trife more general. There
was no doubt about the demand. and IL
was evident much larger amounts would
have been taken if further offerings had
been made.
Under the stimulus of the selling of
Washington Railway As the price advanc-
ed from II a. where il has been firmly for
some time past, to u. and the final bid
price was TN, establishing a new high
record on the upward progress which these
securities have maintained. Altogether.
the sales of these bonds aggregated $1,000.
in $1,000 lots at uniform price Of y.
When the demand was apparently eX-
hausted the Offering was advanced In price
to I2h, but no further sales Were made.
The largest total Of any sales in the bond
list was SJputS, or Columbia railroad % IN
lots of $1,000 and $1,000 The price paid
was 1885,. ana the purchaser of the entire
lot was willing to take more IL a future
Offering had been made by the one broker
who sold the securities.
After the sale had been completed the
bid price became 1o3a, and the bonds were
offered at 104.
Bidding for telephone bonds advanced
from 1891 to 1881. and at this latter price
some 5000 were sold. The bid price fell
off an eighth of point. but no more was
disposed Of. Al the close the bonds were
offered at 104ty.
Sales in lots Of ten shares and to limit
ed extent were made OF Capital Traction
al 123, with offerings at 1875.
Quite active demand was developed
for Capital Bank stock. which sold at ia.
and a small lot at 175. The bidding began
at 40. If there had been additional stock
for sale purchasers were available at ia,
but no more was offered
The quotations of gas stock were changed.
although no transactions were made. The
bids began at ~ and ran up by quarter
points to 5S. The stock was offered at 40.
but there WAS no apparent pressure to sell
or to buy. and the difference between tho
bid and the Offering was not decreased.