Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-05-28
LOCAL r1NANmA1 NEWS.

The dullnsss of the stock brokerage
business has led to reduction In the cleri-
cal force Of the brokers' Offices in New
York city. A horizontal out in salaries 10
also reported to have been made In the
case OF the remnant OF the employees. This
reported action on the part of brokers IL
only reflection of the condition of the
speculative market. The number Of buyers
10 now comparatively limited, and In con-
sequence the facilities for much greater
amount of business must necessarily be
curtailed.
The local stock market is only Indirectly
affected by the changes in the wider hefd,
and while there may be a falling or In the
aggregate OF business done, prices remain
hrm and steady.
A special meeting OF the American Graph
Ophone Company stockholders has been
called to be held the 9th of next month TO
tors to increase the capital stock from
three to five millions, such increase to be
one million of preferred and one million
OF common stock. Increase In business IL
given as the reason for this proposed adj
dition to the stock OF the company. A few
months ago an issue of notes was made
by the company. 1t has been announced
that the payment of a dividend on the
common stock would be resumed.
Complaint OF delay In the receipt OF
freight In this city Is to be considered by
the committee on transportation and mer-
camille interests of the Board of Trade.
This Will, of course involve the question
OF the freight facilities for this city, which
are acknowledged to be not equal at all
times to the demands. The terminal i'm
rted out, provide for more room for the
receipt and handling Of freight than has
ever before been available. The freight de-
pot In the southern part Of the city will re-
In hQ ffx Il
enlarged station will be at lexington.
1t Is evident that provision Is being made
outside OF the city and contiguous to it for
additional freight yards, which no doubt
VIII be brought into use. large tract of
land at the southern end of the Long bridge
and south of that structure, and covering
a wide area between the Potomac river and
one of its tributaries, Is in railroad con-
troi; RMS peninsula, as 1t might be termed
could be made use of In connection with
the business of the Washington terminal.
In the meantime, while the railroad sys-
tenn Is being perfected 1t is only reasonable
to expect that ample provision should be
MADE Tor handling current business
AT meeting Of the board of directors Of
the Realty Appraisal and Agency Company,
held Thursday, Mr. Brice J. Moses was
elected one OF the directors ard as secrc-
TAR. ss and treasurer. Mfr. w. J. Newton and
urer and secretary. retiring. Mr.. Newton
and Mr. Dryden win hereafter give their
exclusive services to the District Title
company. In which they are both officials
The two companies have heretofore been
under Mr.. Newton's management and the
rapid growth OF the business of both made
his retirement from one or the other COM
pany absolutely necessary. Mr.. Moses has
purchased large interest In the Appraisal
company
The treasury stock Is to be issued to
present stockholders so its capital will be
fuy0 anti l,o,f.-
after be separate and distinct. AS soon as
convenient offices can De made ready the
Appraisal company will move from the
Title company's building, as the space now
occupied by them IL needed by the Title
company.
Today's Government Receipts.
National bank notes received today for
redemption. 81. 323. 043: government receipts
from internal revenue, 500. SS7; customs
SASS, $50: miscellaneous. sl31 $50; expendi-
lures. $2030. 600.
Available cash balance s163 .375 373.4