Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-12-09
LOCAL FINANCIAL NEWS.

IL Is unuerStood the directors or the
Georgetown Gas Company Will elect Mr.. w.
Riley Deebie as president to succeed Mr..
Henry c. Winship deceased.
Trading in the stock exchange today was
no more spirited than 1t has been for some
time past While there was a market for
certain securities. yet it was decidedly lin
tied, as the quotations indicate.
In the case of Mergenthaler, for example,
which ordinarily is one of the active stocks.
the bid price and the selling price was only
half point apart. and yet the two parties
1seeded for a transaction did not get to-
gether except in the instances when ten
shares were bought, and then when one
share changed hands. The price In both
instances was 1S5h- However. there was
some evidence of interest, as the bidding
began ct 1S4 and advanced by degrees one
point
[ The demand Tor gas certificates continued
good and today two lots of $1,000 each
changed hands. well as three fractional
lots. The buying was strong enough to adj
vance the asking price to 114is although the
certificates in small lots were offered free
ly at ia. The business done I'm these Sc
curfties recently have been large and the
prices have stiffened considerably. although
tHc upward progress mas not been rapid.
AS they pay . per cent on 100 II has been
the belief of some that they would sell
much higher than the present figures.
A high record was made in the selling
price of Washington ra iIway bonds two
lots of S1.ooO selling for 715s and 7ls4. After
the first bond was taken at the first figure
named. they were again offered without re-
suit. Then 5000 We're offered for 7l3s and
a bid of f112 was made for $500 The bid
oing advanced to f1&, and a 1000 bond
was sold. with further offer ngs at the same
price. The bidding then went to I15s but
there was no more trading.
Twenty-eight shares of Union Trust and
storage Company We're offered at TT2 and
promptly taken Another similar lot was
offered at the same price. but the bid was T.
and there were no further transactions.
Just before the stock was called an an
nouncement was made of the payment of a
quarterly dividend of / per cent to be made
January 10, but whatever the influence on
the market of the beginning thus to be
made of dividend paying, il had no doubt
been discounted, it has been generally
known for some time past this was to be
done
E. R. Chapman & Co., the bankers and
brokers. who recently established Wash
ington Headquarters at 1901 street north
west, have opened a branch Office at the
Arlington Hotel. Both offices are under the
management of Mr.. G. b. Chipman Mr.
Chapman of the firm is former Washing
tonian. and Is well known In the financial
circles of the eastern states. Until about
five years ago he. was a member of the firm
of Moore d Schley Leaving Washington
he went to New York and established the
present firm of E. r. Chapman & Co. The
new firm Is a member of the New York
stock exchange. and has direct wires from
both the office on F street and that at the
Arlington Hotel
At meeting of the board of directors OF
the Union Trust and Storage Company Of
the District of Columbia. quarterly dvi-
dend of l per cent was declared payable
January TO-