Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-05-16

or two ago the circular was published az
curiosity from an original now very rare.
1t Ia aligned Gardner g. Hubbard. and
dated May. 1877. Cambridge. Mass.
1t begins: The proprietors OF the teie'
phone. the invention OF Alexander Graham
Bell, for which patents have been issued
by the United States and Great Britain.
are now prepared to furnish telephones fof
the transmission of articular speech
through instruments not more than twenty
miles apart. Conversation can be easily
carried on after slight practice and with
the occasional repetition of a word or sem
tence.
ION first listening to the telephone.
though the sound Is perfectly audible. the
articulation seems to be indisttnct; but
after few trials the ear becomes accus-
toned to the peculiar sound and hnds
little difficulty In understanding the words.
The telephone should be set In a quiet
place. where there Il no noise which would
interrupt ordinary conversation.
The terms Of leasing two telephones
for social purposes connecting a dwelling
house with any other building will be so
a year, for business purposes, $40 year,
payable semi-annually In advance. with the
cost Of expressage from Boston. New York.
Cincinnati, Chicago. st. Louis or San
Francisco. The instrument will be kept
in good working order by the lessons, free
of expense, except from injuries resulting
from great carelessneSs.
Several telephones can be placed on the
same line at an additional rental of $40
for each instrument: but the use of more
than two on the same line. where privacy
Is required. Is not advised. ANY person
within ordinary hearing distance can hear
the voice calling through the telephone.
II a louder call Is required one can be
furnished for S."
The change in the membership of the
banking firm of Lewis Johnson & Co.
went into effect today, Mr.. Lewis J. Davis
retiring and Mr. Charles P. Williams be-
coming associated in the business with
Messrs. Mearns and Henry, the partners
of Mr.. Davis. The capital remains the
same as when Mr.. Davis was the senior
partner.
There was slight advance in the bid
price OF Capital Traction bonds at today's
meeting of the stock exchange. Saturday
the bid was 106is and today that was in
creased one-eighth. The bonds were offered
at 100
Washington Railway bonds sold at I7H
and the asking price advanced to TN. while
IT'S was bid. The latter was withdrawn
and the bid became a.
No disposition was manifested to trade in
the stocks of the Capital Traction or the
washington Railway Company and there
was but little change made in the QUOTA
lions.
An Offering was made of ten shares OF
Union Trust and Storage Company stock
at 1854. bid had been made of 1903. and
tucH the TOOK the STOCK at the ask
Ing price. These ten-share lots were Offer
ed at that figure and were bought in filling
an order. Then the asking price advanced
to 100. with 1913 bid, but there was no fur
Their demand.
The bid and asking prices of gas stock
were only separated by an eighth but there
was no market At the close the quota
tons were 575s bid and STE offered.
In spite of quite close approach in the
bid and offering of Mergenthaler, Lanston
and Greene, there was no trading and very
little inclination manifested to deal In these
stocks. or in fact in anything in the entire
list.
At the close of the meeting of the stock
exchange today of the members Of
fered $1,000 for one or more seats on the
exchange. He advanced his bid to S3IO0
without result. The price of the seats
seem to be going up, and just now there
are several who want to join the ranks.
AS under the rules of the exchange the
heirs of each member are entitled to 81 900
In cash in the event of death. it is estimated
that this amount when added to the cur
rent value of the seats represents what
each seat is worth to the members On
such basis seat is worth 81 600. but the
highest price ever paid was $3.50.