Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-12-29
LOCAL FINANCIAL NEWS.

Some consideration has been given to a
project for organizing a new national bank
In this city. AS far as known no actual
progress has been made. There are now
twelve national banks and four trust COM
panies. and their total resources aggregate
Yearly S63oO00O0. During the year ending
In November last the net increase in the de-
pcsits In these Institutions, including those
In the Commercial Bank. which was started
in October last, amounted to s2,7sl los.
The purchase of gas certificates at tho
meeting of the Stock Exchange today ran
up to larger aggregate than has been
TIE case for some time past. The demand
came mainly from one source, and by tho
urne II bad been met the advance in the
price was half a point above the bid price
OF yesterday. There were no certificates
LOT sale at 121S. when the buying ceased
Iheh the lowest asking price was 121Is,
s MIlie .ne ola was 12lt Altogether the
sales reached $4,000
The stock OF the company was also II,
1air demand and better prices were paid
The range for the 80 shares that were
traded In was from 6ix TO 64A. There were
Two ntty share lots included in the above,
ana they brought 64ls. AT the close. how
ever, there was stock still to be had at 64Is
but the best bid was 64s
While the rise n the price of gas securi-
49, N'pSNidilS the STOCK. winch mas been In
progress for some weeks past has rot been
accompanied by any sensational features
sun the progress made has been consider
able for this security.
Inc regular dividend places this stock on
per cent basis at 50 and in consequence
the advance of fourteen points has given
rise TO more or less gossip. 1t is believed
IN some quarters that there to be some
oeVeiopments in the future, either in the
shape of an extra dividend or possibly The
company is to be included I'm the general
merger of the two railroad systems of the
District which Is believed to be under con-
sideration.
Washington Railway bonds sold an eighth
lower than was the case yesterday. al
though one bond brought S4L. At the
close the asking price was s4ls and the
bid 81.
Tor sale and it was disposed of at prices
ranging from 1881 to 1851 and all the
stock that was for sale at 1885, and less
was disposed of At the close the asking
ed In. which represents az large amount OF
business for one day in that security.
But little interest was shown either IN
washington Railway and Electric Com
pany. The preferred was offered at S354
ana S3la was bid. At the close the asking
price was S3M. with s3 bid. Yesterday
y.
The common stock was offered at 2S but
the best bid was 2Ii4 Only a small lot
In each instance was sold.
1.anston sold at lower figures than have
prevailed. A block of 100 shares brought
12k. Options brought 12A. After call one
lot of 300 went for 12lk
Greene Copper was not dealt in, but the
bidding was on higher level than that OF
yesterday. Then the bid was %. while to-
day 1t rose to 26's. The asking price was
2I1s and ga was bid for options.
Some thirty shares of the stock of the
American Security and Trust Company
were sold, and on a level that was higher
than the best prices of yesterday. The
first lot of ten shares brought 231, and
two similar lots Obj.
Ten shares of Riggs Bank stock were
taken at 59J, and then the bid rose to
591 Y, without result.