Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-07-05

after all 1t would be wise to let tho stock
go In case of an offer somewhat higher
than the best recent figures. 1t is the opin-
ion now of men who are supposed to know
about the holdings Of stock that a control
can be secured under certain conditions.
As there are quite number of small
stockholders and the stock is somewhat
scattered. II will take some time to get
enough to give a ma jority, but IL there Ii q
fixed plan behind the recent buying of what
is termed the floating stock, and a DISPOSE
ton to pay literally TO get additional
shares. then 1t is looked upon as not an
impossible undertakings
The belief is very general one that the
recent purchase on the stock exchange of
24J shares was made In the interests of Mr.
John r Mclean. Owing to his connection
with the Riggs National Bank and the
American Security and Trust Company
the theory is advanced that In the event
he secures enough stock to give him the
direction of the Bank of Washington
Ii will be continued as r separate tnstitu-
ton. but doing business on the community
of interests plan, which is the modern
method of securing cooperation without
consolidation.
The alleged receptive attitude of stock
holders toward prospective buyers of their
holdings in the bank. which is now claimed
to be the situation, has come about. ii is
said, in the last day or two. The problem
that now remains to be determined is
whether they to be approached and
whether it will be done in an effective man
ner-the latter being described as an offer
for the stock bordering on $500 per share.
After a holiday of three days the sessions
of the Washington Stock Exchange were
resumed today. The usual after-the- holi-
day feeling was In evidence but there were
no indications of participation In the form
of celebration for which the national natal
day Is famed, such as bandaged fingers
and singed mustaches and hair.
The tired feeling seemed also to pervade
the ranks of the buyers, as orders did not
appear to be numerous. and the amount of
trading was small.
There was good buying of Washington
railway bonds. which were offered at I61s
and taken at that level IL taken at all. The
broker who had them for sale said that
was his price and it was soon found that he
meant what he said. Bids of 1GSs were
made. but no bonds were for sale at less
than 76k.
Some rs shares of Capital Traction stock
were bought by one broker who bid IT,
and renewed ii so often that he got all the
stock that was for sale at that price. After
that became evident the bid receded to
12i19. with the asking price at l22ia.
The hid for National Safe Deposit stock
advanced from $40 on Friday to l.sol. to-
day. but TO stock was offered for sale.
The call of the stock of the Bank Of
Washington passed without anything
to Indicate that il recently figured some
what prominently in the transactions of one
day and that it was still the subject OF con-
siderable discussion. On the call 415 was
bid. and the asking price was given as 6n.
with the comment of the broker who offered
IL, and Lot much at that"
One of the brokers said he wanted some
Traders Bank stock, but he advanced the
bid only half n point over Fridays bid
of 14S. and although the stock was offered
down to 151 the upward movement stopped
almost before it began. and so nothing was
done.
Some trading was done in Mergenthaler
at ia and 113st and lI3as and the latter
bid was continued without result.