Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-07-12

scribed was many times more than TIE
amount Of the proposed loan The New
York city municipal bonds which were re-
Gently placed sold at 100.40. against
10l .uS6 for the Philadelphia loan.
1t Is stated that the loan went on better
than 1t would have done a month ago. the
advantage to the city being about 100000.
when the probable price OF a month ago
is compared with that just secured. Ac-
cordng to a New York banker the market
is pretty well cleared up OF high grade
bonds. and as an instance Of the change
that has taken place he states the July cir
cular OF his house offered a per cent rail-
way bond at 49, but that today IL is i'm
possible to supply this issue under 1i6
The annual meeting of the Stockholders
of the National Union Insurance Company
of Washington for the election OF directors
was held at the office of the company yes
terday, and the following were elected az
members of the board: Chas. B. Bailey,
Walter A. Brown. John Joy Edison. jr., Al
bert +. Fox. w. T. Galliher, John b. Lar
ner Geo w. Linkins. Francis Miller. Chas.
Mades, Owen McCabe. Henry orth. b. F.
Saul. Geo. Spransy, Gen. Jas. III. Wat
mough and JOS l. Weller
The board subsequently organized by the
election of Albert F. Fox president
Henry Orth vice president and Philip f.
I.arner secretary.
The high level reached yesterday by the
bonds OF the Washington Railway Company
was pretty we'll maintained at todays
meeting of the stock exchange. The bid
rapidly rose up to 78N when a sale wal
made. Then the bid became 7Sis and one
bond went at that figure and the bid was re-
newed. but there were no offerings at les
than 1875.
The market for several OF the bond issues
continued to be strong, and while the deal
ings were not large. yet changes were
made In the quotations of several to higher
figures.
An advance was made I'm the bid for
Columbia SIS to 1O5a, with 107 the ask
ing price. The most notable change was
in the figures for Gas certificates. Yester.
day these securities were offered at llSh
with 1ISIt bid Today two 1000 bonds were
sold for 100 and that bid was continued
for fractional lot without avail 10Y was
then bid and III was asked. The latter
was withdrawn and l22 was substituted
the asking price. At the last the bio
advanced to 40.
For telephone bonds the bid advanced to
1881 and the asking price was lO4. Theirs
was trading and the latter was with
drawn and l04la was substituted This Sc
curity OF the telephone company has re-
Gently aroused the interest OF buyers. and
as Ii Is a per cent bond 1t seems attractive
at the present prices The stock is seldom
dealt in. especially since the suspension Of
the dividend, which was begun when thu
extensive improvements here and in Balt-
more we're started Today ftfty-stx shares
were sold for a. and after that sale 81 was
bid, but no more stock was offered for sale.
1t is understood that IL may be a year or
two yet before the company will resume Its
stock dividend.
After call a $1,000 bond Columbia Rail-
road 6s was wanted and 1l9 was bid. an
advance of two points over yesterdays bid.
but no Offering was made.
In the bank list call some trading was
done. Ten shares Of Farmers and Me-
chanics Bank stock were for sale. which
was at first offered at 3D.. and then at 30
IT was taken at that price. as well as five
more shares, which seemed to exhaust the
amount on the market. The bid then re-
ceded to 300, and no stock was offered.
A bid of 14S was made for the stock OF
the Second National Bank. with no idea
that 1t would be more than merely per-
functory. However, ten shares. quotation
lot fell to the bidder The bid was
peated. but without result. The asking
price was 80
No stock of the American National Bank
was offered for sale under 160- The bid
rose as high as 142l2. The same sort OF
activity that has been noticed in Traders
Bank stock for several days past cropped
out slightly today. and as result ten
shares were sold at $50 The bid then was
80 with 153 as the asking price.
One hundred shares of Columbia Fire In
surance Company stock were sold for 1ots.
Then 10 was bid and the asking price was
1915. One hundred shares of Riggs Fro
Insurance Company stock found buyer at
81. The bid was renewed and the asking
price was 81
The bid for gas stock went up to 5SN. and
Ii was then withdra wn and 50 substituted
The asking price was 80. Two lots OF
Mergenthaler were sold at 174.y and the
stock was still offered at that price 1t was
then offered at 1855 without result. At
the close the bid was 173A and the asking
price 174h.
Today's Government Receipts.
National bank notes received today for
redemption $73e.l0o: government Receipts
from internal revenue, $347 .921: customs.
S753. $50, miscellaneous. $l16,3T2. Expendi-
lures, $3,27OO00. -..s- ~
Washiu1tnn Stock Exchan1e