Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-07
LOCAL FINANCIAL NEWS.

1t Is stated by q director of the CONNER
cial National Bank that the connection
made with the Bank OF Commerce Of New
York city,. as announced in Saturdays Star
is more than that OF correspondent I'm
der the arrangements made. all the banks
In what is known as the Morgan chain OF
banks will probably do their Washington
business through the Commercial Bank.
BY vote Of the stockholders OF the
Citizens National Bank. which was taken
today. that institution was placed In liqui-
dation. 1t ceases to exist from today. The
Metropolitan Citizens Bank takes Its place,
and In the course OF a day or two the
changes will be made in the officers and
directors which are made necessary by the
recent transfer in ownership of a large
block of the stock.
Quite a good deal of the stock of the Ma
tional Safe Deposit Company was sold at
today's meeting OF the stock exchange. The
feature of these transactions was the adj
vanced price paid, the level was much
higher than was reached a day or two ago
when the proposed connection with the
Metropolitan-Citizens' Bank was made pub
lie. Saturday $50 was bid, which was a
appoint advance owe rthat of a day or two
ago.
Today. however the bidding began AT Is4
and ran up until at the close 1913 was bid.
In all 100 shares of stock were sold at
prices ranging from 100 to 1913. There was
no stock for sale at any time for less than
1W and at the close the lowest Offering was
1876
The change made in the quotations for
Observation-Disclosures Bank stock was
slight. The stock was offered on the same
level as that Of Saturday. namely 374 The
bid went up from 3G5 to .s6l
There was nothing done i'm the other bank
STOCKS OF consequence, and the changes
MADE In the figures were not important
couple of lots of telephone stock. each
twenty-five shares. sold The first
went on a bid of 30 The bid was renewed
but there was no stock for sale at less than
40. After call, the stock was taken at that
price.
higher bid for Capital Traction bonds
failed to bring out any of those securities
or to have them offered for sale at any
price. One hundred and seven was bid for
5000 while the bid for LOCO was LOG. There
none for sale
But little interest was manifested in the
stock and the decline from the higher level
OF the past few days was shown in the
bid price. The stock was offered at 49,,
but the best bid was 129I1
A similar Indifference prevailed in regard
to both the preferred and the common stock
or the Washington Railway Company
There were no dealings in either EXCEPT a
few shares of the preferred TN was bid
for the preferred. while the asking price
was 1sl2 Over a point separated the bid
and the asking price Of the common stock
which was 2334 offered and 22h bid.
The per cent bonds of the Washington
Railway Company were I'm fair demand
but those who had them for sale wanted
S51s, while the bid So. This continued
to be bid after the sale of some seven OF
the bonds at the asking price
A couple of 1O0-share lots of Ianston
were bought for 121s and 12A, and then
there was no more to be had under 12&.
Eight lots of 100 shares each were taken
on that level. After the sales the bid re-
coded to 125s. while the asking price was
12N.
Today's Government Receipts.
National bank notes received today for
redemption. s1O74 374: government receipts
from internal revenue. S1.31S 900; customs.
S923, 749; miscellaneous. s93, 1855: expendi-