Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-11-09

to the explanation referred to these bonds
were issued at this time in order to use the
money In paying of loan secured by them.
In other words the transaction Is represent
ed TO be change OF floating Indebtedness
to bonded indebtedness.
At the annual meeting of the stock
holders of the Monoline Company In this
city saturday the election of officers was
deferred to a meeting to be held two
weeks hence. There was an informal
interchange of views in regard to a pos
sible purchase by the Mcrgenthaier Com.
pany of control OF this company, and
the conclusion was reached that no ac-
ton should be taken.
According to the current gossip of the
street the extra dividend that is expected
soon to be paid by the Mergenthaler
Company is to be 10 per cent, instead OF
.. The recent advance in the bidding for
this stock on the local exchange is be-
lieved to be due to the belief in the pay
ment of an increased extra dividend
There has been but little of the stock Of
Tered Tor sale, and in spite of a consider
able advance in the bidding the sellers
nave not been numerous. The increase
IN the bid price for the stock has been
accomplished with record OF few sales.
While there were but few transactions
during the call of the bond list at today's
meeting of the stock exchange, yet the
rather active demand for these securities
which has been noted was Indicated by an
advance In the bidding practically all along
the line 1t was evident that the buyers
were willing to pay some more than the
prevailing bid price, and as a result the
quotation figures were changed consider
ably at least in the column recording the
bid prices.
The market in stocks did not seem to he
as strong and the buying element except i'm
one or TWO instances We're not much in evil
aehce. There was a general advance in the
pa price throughout the list of fire insur-
ance stocks and this was ACCOMPLISHED
without bringing out anv of the stocks The
changes. however, in some cases were for
only fractions of a point
There was quite a list of gas stock sord
anu the oHerlng was in excess of the de-
mano, although 1t was freely offered down
TO o. bid of IS for a large block OF
STOCK was made. but was not taken The
selling started at 5S2l and went down To
90. and 1t was apparent that a lower ask,
ing price would be necessary to make a
further market No stock however, was Of
fered at less than S.
Mergenthaler has been quite buovant of
late. although. according to the reports of
the Boston market, where this stock IS dealt
m IL mas been selling several points there
above the selling price here. The bidding
started today at about the level of SATURDAY
ana was promptly met by the Offering of
STOCK and two ten-share lots went for 1888
Hi,si tiidt there was no bidding for time
While the stock was being offered down to
lsI Finally $50 was bid for five shares and
1856 was asked. Subsequently two ten-share
lots were sold at 1862 and 1877 and a five
snare lot as low as 1854 At these prices
the demand was better than the suppiy
Lanston maintained also the higher level
winch the stock attained few days ago
ana a couple of hundred shares sold for &
Today's Government Receipts.
National bank notes received today for
redemptfOn. 5000 lo1. rnrarnnnnn. ~