Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-03-14
was practically at standstili. There was
little or nothing doing. snd no desire on the
part Of the brokers to buy or sell.

was practically at a standstilf. There was
little or nothing doing. and no desire on the
part Of the brokers to buy or sell.
Washington Gas certificates of indebted.
ness advanced fraction, 81 600 selling az
ia. There was no trading in the stock Of
either the Washington CIR Georgetown COM
panies.
Local street railway stocks and bonds
opened the week strong in quotation, with
no demand for either. One share of Capital
Traction stock brought 121. $1,000 in Wash
ington Street Railway preferred brought
74ss and $1,000 brought 74h.
Lanston Monotype remains firm. with
thirty shares sold today at Sh 81. was bid
for quotation lots. with no trades
Mergenthaler, which closed last week with
active trading, was quiet and lstless today,
with no demands. The books for the trans
Ter OF the stock prior to the quarterly divi-
dend close tomorrow.
The smallest trade ever made on the
local stock exchange was the sale today in
the rights of two shares of Graphophone
STOCK Tor one cent. These rights when
nlst put on the market. brought S5O per
iU Today the bottom had dropped out
ana the rights on the one lot of 600 shares
brought So which is one cent a share Tho
rights on another lot of 1865 shares brought
the same figure. One-half cent a share was
offered at the close.
The executive committee of the American
Security and Trust Company have arranged
10 mold meeting tomorrow afternoon for
the purpose of passing the plans for the
new building to be erected by the company
on the old Riggs Bank site. at the corner
or 10Th street and Pennsylvania avenue.
Inese plans have been changed several
n fbn hYi lirev hot
have now, 1t is stated been so fixed as to
meet the requirements of the local build
ing Inspector. When the executive com
mttee has passed on the plans they will
be submitted to the board of directors of
the company at a meeting to be held on
Monday.
A charter has been asked from the cor
poration counsel of the state of Virginia
for savings bank it is proposed to start
in this city for the benefit of working
men,. Mr.. Harry w. Sherman, president
of the National Association of Electrical
Workers. is named the first president
of the institution. With him are asso-
ciated in the charter. Messrs Pfau of the
Retail Clerks Union, Brinckman of the
Carriage Workers Union, and Adams.
In talk with Star reporter this after
noon Mr.. Sherman said:
Our object in starting this Institution Is
to have bank principally to help the
workingmen of the national capital. We
propose to have the workingmen, whether
UNION UT nOn-uT1On, take STOCK IN the IN
stitution and make a savings bank for
themselves. TIE benefits to be derived
from such an arrangement would be man.
ifold to the workingman. In the first place
they could borrow money at fair rate
of interest. We do not propose to have
any high salaried Officers and would put
the entire business of the bank in the
hands of man experienced in the bust
ness and who could by this experience
handle 1t to the best advantage. We do
not believe will have any trouble in
securing the S200.0O0 capital stock named
in the charter and shall make an effort
to limit the number of shares to be issued
to each stakeholder. and these stockhold-
erS at the outset at any rate must be
workingmen. This is, of course, a purely
experimental matter and even if 1T is not
carried through We can have the pleasure
of having made the effort"
Arrangements have been made by the 10.
cal chapter of the American Bank Clerks
Institute for the monthly meeting to be
held at the Ebbitt House Thursday even
ing. The usual monthly debate will be
held. The subject to be discussed IL one
that has caused much debate among bank
country and is whether not national
banks should loan money on real estate
security. The argume nts are to be made
by Messrs. John G. Miller of the Homo
savings Bank and Thomas r; Marshall Of
Crane. Paris & Co.. I'm the afiirmat tive and
L. Louis Ecklof of the National Metropolf-
tan Bank and Frank b. Devereaux of the
American National Bank i'm the negative.
The Judges viii be William D. Hoover. trust
officer of the National Safe Deposit Com
pany: Vice President Moore of the Citizens
National Bank and Mr. George E. Fleming
secretary of the Union Trust and StoraEs
Company.
Today's Government Receipts.
National bank notes received today for