Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-03-11
from 12ois down to 120N.

American Security and Trust Company
sold at 100 today. which Is equal to the
quotation of yesterday. Thirty shares dis
posed of brought this figure.
There were no trades in any of the other
trust company, insurance or national bank
stocks.
Washington Gas was strong again today.
81 shares brought from 55% to So There
We're no trades In the gas certificates of In
debtedness.
Graphophone common was again in some
little demand with sales Of lis shares of the
STOCK at ~ The rights to purchase tho
new bonds of the company were in fair
demand, with but bid on the 100 az
a~ainst bid yesterday But small
amount of these ''rights'-s2 20O-were sold
today.
After the regular call 10 shares of Mer-
genthaler brought III. which is around the
price offered for the past several days.
Despite the activity in Lanston Monot.p pc
for the past several days there were no
trades on the local exchange today.
The first annual meeting of the stockhold-
ers of the Southern Pacific Company held in
TWO years will take place at the office of the
company IN Beechmont. KY, on April g.
Last year the meeting was prevented by an
Injunction in the litigation carried on by
Iaibot j. Taylor to prevent the voting of
the Southern Pacific stock held by the
Union Pacific railroad.
movement has been started to organize
IN New York a new national bank to be
called the Mckinley National Bank The
proposed capital Is 5000 and surplus
100000
Ihe time limit set for the deposit of United
states Shipbuiding COMPANY bonds undar
iraJ
ana William Nelson Cromwell counsel for
the reorganization committee announced
that Sl3092O 600 of the s14. 500. 900 first mort
gage bonds had been deposited with the re-
organfzat ton committee in addition To ALL
the Nlo,oG,,0oO second mortgage of Schwab
bonds. There are also offered to the com
mlttee f63 bonds issued against ad interim
certlhcates over which several controversies
are pending. 1t has not been decided as vet
what disposition will be made of these. The
next move in the shipbuiding case will he
the withdrawal of the receivers answers in
TIE different foreclosure suits paving the
way for the foreclosure
Arrangements are being made bv preef
dent Cassatt of the PENNSYLVANIA railroad
TO spend S21,000 900 for construction and
equipment expenses on the lines east of
P1ttsburg and Erie for 1904 excluding the
Northern Central the Philadelphia Ralti-
more and Washington and the West Jersey.
which will do their owr financing After
mentioning the fact that the North and
East river tunnels and the terminal sta
IONS would be put under contract at once
as they were the governing factors the
other work depending on them Mr. Cassatt
SAID IN an interview yesterday: The Penn
syivaNa Railroad Company has ample
funds for these construction and equipment
expenditures and to carry on the tunnel
work in New York for the next fifteen
months, including all the real estate vet to
De purchased, with a large margin remain
ing Tor Unforeseen contingencies The cost
OF concluding the construction and equip
ment work now under way and the new
work authorized on the lines west of Pitts
burg is estimated by Mr. Cassatt at about
Slo,ooo,OOO, which the Pennsylvania company
mas on hand through its recent note issue
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