Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-12-06
LOCAL FINANCIAL NEWS.

Trading on call on the local stock ex-
change was dull and listless today, and the
bulk was very small as compared with re-
cent days business.
While there was a demand for the per
cent bonds of the Washington Railway and
Electric Company. the bid price today was
off fraction. and only $1,000 was traded in
on call at S55s, as against Sc asked for the
bonds at the close of the market yesterday
Potomac Electric per cent bonds We're
off several points at the recent bid prices.
On call the stock of the Capital Traction
railway was traded in to the extent OF SIX
shares around 143 the recent selling price
for fractional lots. After call thirty-one
shares were traded in up to l43.
The market for Capital Traction stock
closed at a fractional advance over the
prices of yesterday.
Efforts to bring out some Washington
Railway and Electric Company preferred
stock on the regular call were fruitless, ex-
cept to the extent Of fractional lot of
twenty-five shares at 81, a fractional ad-
vance over the bid price of yesterday. After
the call the trading in this stock was lively
for a while, twenty-five shares bringing
81; 100 shares, S6Ss: 500 shares. S6A: fifty
shares. S61a; 300 shares, S51s and 400 shares.
the close of the regular CALL S57s bid. with
S7a asked.
After the call trades were made in 5000
of the per cent bonds of the Washington
Railway and Electric down to So.
There was little trading in the common
stock of this company, barely 200 shares
being traded in and around 21A.
One thousand dollars in c. and p Tele-
phone per cent bonds brought LOTS.
A few hundred shares of Lanston were
traded in around 12B.
Greene Copper remained firm with little
trading.
Arrangements have been made by the
management of the American National
Bank to open savings department in con-
nection with the institution on or about
December 15.
The International Banking Corporation
has been designated by President Roosevelt
as the fiscal agent of the United States in
Panama. This appointment insures the
handling of the peoples money by purely
American bank at both ends of the line and
affords the government the additional ia
ctlities of having the bank which transacts
Its enormous canal business just across the
street from the United States Treasury
The Washington branch is simply one OF
q
increase of banking capital and business TO
this community. The appointment is re-
garded somewhat in the light of a local
triumph. The International Banking Cor
poration already had a branch established
in Panama. AS the bulk of the Panama
business Will necessarily be negotiated
through the Washington branch Of the In
ternational Banking Corporation, it will
bring a large increase of business to the
city.
Two shares of Washington Loan and
Trust were traded in at 212
For the first time In many days trades
were made in the stock of the Bank of
Washington, ten shares bringing 400 and
ten shares 500; 400 was bid for the stock
yesterday and $40 asked in quotation lots
Ten shares Of Traders Bank brought 200.
and the stock Immediately went off to 1876
bid.
Five shares Of Commercial National were
traded in at 162, the recent selling price for
this stock.
The activity in Washington Gas stock
was not so apparent today. The lbs shares
traded in brought up to O. an advance of
fraction over the bid price of yesterday.
The market closed at a fractional advance
over yesterday s. quotations
Mergenthaler was active again today, and
advanced ip the quotations. sixty shares
being traded in up to 1877 ". The market
closed with 197h bid and 1874 asked. as
against 1O6H bid yesterday, with 1871 asked.
The Washington Bankers Association
will hold the first meeting of the winter at
Rauscher's this evening.
Under the plan of reorganization of the
Traders National Bank. announced exclu-
sfvely In The Star several weeks ago. Mr..
jerks. president OF the Institution retsres to