Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-01-22

the difficulty of getting money, that is in
the ordinary commercial sense. when ade-
quate security Is offered. AS the phrase
goes. money IL abundant. and II Is not diff
cult to make loans In this respect there
is a return to the conditions which existed
prior to the recent so-caIled ''rich mans
panic" when prices went of in Wall street
while business generally was good Money
is plentiful at 5 per cent. secured either on
collateral or on real estate. and there
seems to be no immediate prospects OF
change in the rate. although the opinion
Is held that AZ per cent money and even
per cent is not a remote possibility OF ;he
future.
However the present state of the money
market Is looked upon as favorable for bust
ness In Its various lines, and that funds thus
available will be used In starting new en-
terpr;ses and developing old ones. In other
words, the future seems to hold out the
promise Of greater activity in all depart
ments.
This view is borne out by the revival OF
the talk about several extensive undertake
ings In the way of new buildings, etc. There
is a probability that 1t will now be possible
to secure the necessary funds and in that
event the only reason for not carrying out
these various schemes will be removed. 1t
seems likely that unless conditions change
there will be several notable additions made
to the buildings In this city during the pres
ent year.
The estimate of the loss by fires In the
District during the past calendar year has
not as yet been fully made up. 1t is
thought. however. that as compared with
1902 the loss for 1908 will reach a larger
aggregate. The burning OF the Daish mill
represents the greatest single loss and it
serves to swell the total.
The interest at the meeting Of the Stock
Exchange today centered mainly in gas
stock. and as was the case yesterday and
the day before. large blocks were offered
for SALE The stock was pretty well taken
causing not great recession In the price.
From the figures OF the first sale, az 80 TO
those of the last. at SAY. there was a de-
cline of point and a half.
Two blocks of 100 shares each were
bought at 81 by the broker who offered
them. The only other bid was 53 for these
100-share lots. At the close 53Ls was bid
for the stock and 1t was offered at 5iH
The Offering yesterday was % and the
day before 55&. One hundred shares in
lots of twenty-five were sold today for
54A to one purchaser, and then two SINH
lar lots at an eighth less in each case. AZ
ter that there seemed to be no further
market for the stock at better bid than
53. but as stated this price was not taken.
The highest record that has been reached
in Washington railway bonds was made
today when a 81 900 bond was sold for
TN. $500 bond brought Th. A high
mark was reached in the asking price. as
5000 in these bonds were offered at 80
After call 81 600 bond was sold for TIA
and one for n.
There was no disposition to trade in gas
certificates. although the bid price was 1855
and the offering ia.
An advance was made in the bid for Ma
tional Safe stock to 154. but there was none
for sale. block of fifty shares OF Ameri-
can Security and Trust was offered and was
taken readily at 200 There was no further
offering of this stock at less than 30.
Some seventy shares of Washington Rail
way preferred were sold at ATS and at AZ.
At the close the asking price was 4SH and
the bid 47h.