Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-01-06
1lss: small, 1fHa12.
stGAR-Stesdy; fine. 4.eos.
LOCAL FINANCIAL NEWS.

Considerable business was transacted to-
day at the meeting Of the stock exchange.
AS at yesterdays meeting. washington
Street Railway and Washington Gas
brought out the most trading. There were
many offers and bids and not few deals
were made In both. There was notice
ably sharp advance In the case of WASH
ington Street Railway.
There was also some active bidding for
Mergenthaler Linotype. which the brokers
seemed more willing to sell today than they
were yesterday. Besides two sales at 1'5as
and 176 respectively. there were a number
of bids but slightly below these figures.
Citizens Bank shares dropped consider
ably and there was no disposition 10 trade
In them. One hundred and five was oio
for five shares of Colonial and par for ten
shares. but no sales resulted.
Other stock that was bid for without re-
suit yesterday was sold in small quantities
today. as Washington Loan and Trust,
Union Trust and Storage and Gas Cert.fi-
cate Ind No business was done in Ches-
apeake and Potomac Telephone; the market
for this remains about the same.
Greene Copper was the subject of much
comment at the meeting today. as a result
of the conclusion of the meeting of the
company's directors In New York yester-
day. The stock went down several points.
and, although there were several bids and
offers, they were too far apart to make
a sale at all likely
This company Is preparing to issue 81
900, 600 in bonds. according to telegraphic
dispatch received at the exchange shortly
after noon.
Ways and means to raise new funds,
which are needed to improve the property
and otherwise increase the output of the
company, were considered by the directors
yesterday. A committee was appointed for
this purpose. and is expected to report soon.
1t is proposed to increase the capital stock
by about 20 per cent of the present capital
ization. -r-s-
On these subjects President Greene made
the following remarks in New York yester-
day:
I'VE talked about the best means for
raising funds to increase our output and to
improve the plants at Cananea. There was
no definite plan adopted. and committee
was appointed to consider the different
schemes suggested L .cannot say what
amount of bonds Will be issued, for the
amount has not been determined upon. Ii
l were to make a guess, would say about
20 per cent of the present .capitalfzatio
There is absolutely no truth In the re-
port that am to resign OF course, have
other large interests to attend to. and 1t IL
possible that when the Greene Consolidated
Copper Company has passed lite construct
Ing proposition to manage, then / may re-
sign my office. AT the present time, how
ever, there Is much to be done to improve
our property, and see no likelihood of my
giving up the office OF president
The Amalgamated Copper Company does
not own a share of our stock We do not
owe 1t any money. and l have never bor-
rowed dollar from the Amalgamated in
terests. Phelps. Dodge & Co. are stock
holders. like three thousand others. The
control of the property lies with the stock
holders. -t.ss.
Our output Is constantly Increasing. Last
month the company produced 1857 900
pounds of copper and 10000 ounces of sill
YER"
According to the last. report issued the
capital Of the Greene Consolidated Copper
Company In $7.2O0,0O0. l.--