Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-01-18

the opening weeks OF the new year. AZ the
same time there Is the money to meet these
demands at the prevailing rate OF interest,
and so the Institutions that are loaning out
their available funds and those that are
making use Of the money regard with con-
siderable satisfaction the existing condi-
tons. The days when financial institu-
tons discouraged borrowing as well as the
days when there was no demand for loans
at least a comparatively slight one-are
now part of the year that has gone.
1t Is evident there is more activity I'm the
various branches of business. as the en-
lergement in the amount of loans shows
that additional money is being employed
The current rate is still per cent.
At the annual meeting of the stockholders
OF tho American Security and Trust Com
pany today directors were elected as fol-
lows: Milton e. Allies. Charles J. Bell.
Henry r. Piount. Samuel 8. Burdett. Albert
Garry. William NJ. Coates, William v. Cox.
w. Riley Decide, Daniel Donovan. James Z.
Fitch. William ]. Father. Daniel Fraser.
John r.. Hcrreil. George F. Hun. Henry
Hurt. John A. Kasson, George L. Knowles.
John r. Mclean, Caleb ]. Milne. Clarence
+. Norment, Crosby 8. Noyes. Myron M
Parker. Henry f. Pellew. Robert Portner.
A. Vanderlip. Henry Wells. Henry A. Will
lard. Joseph Wright. The only changes
made in the membership OF the board as
compared with last year were the election
of Milton e. Allies. w. Riley Decide. William
j. Father and Frank A. Vanderlip to I'LL
vacancies caused by designations.
In the annual report of the president, Mr.
Charles J. Bell, 1t is stated that the bids
for the erection of q new building for the
offices of the company on the old RIGGS
Bank corner proved to be too high. New
bids are to be asked for during the present
month and II satisfactory work Will be be-
gun at once. and 1t is believed that the new
building will be ready for occupancy by the
LIST of October, 1905.
The annual election of manager of the
Mutual Fire Insurance Company is in prog
ress today. There is only one ticket being
voted, and that contains the names OF the
board of managers for the past year. as
follows: Geo. T. bearing w. A III. Church.
Timothy w. Murphy. Geo. G. Walter. r.
Harrison Johnson, B. F. Saul, s. L. u.
Morsell.
There was but little disposition to trade
at the meeting today of the stock exchange.
which was illustrated by the slight separa-
ton of the bid and asking prices of some
of the most active stocks.
AS for example, Io3s was bid Tor wash
ington railway bonds. while they were
offered at 76. After call one bond was sold
for T5fs, which comprised the entire amount
LrdOlnB IN tldt security.
There was a greater distance between the
prospective buyer and seller in the case or
Gas certificates, as this was offered at
115, while 113A bid. AS to Gas stock.
the bid price at one time advanced to SO.
while the stock was offered at Ssh. How
ever, even under these circumstances
there seemed no prospect of trading, the
bid was withdrawn and it reverted to the
original figure of 55h, while the asking
price was ssh.
A block of five shares of American
National Bank stock was offered for sale.
The best bid made was 1904, but the stock
was held at 1222, and there was no sale.
The same thing happened In offering seven
shares of Riggs Bank stock for sale; 5T2
was the highest bid made, while they were
offered at not less than 600.
Four was bid for Columbia Title Insur-
ance stock but there was so little tnclina-
ton to trade that 1t was offered at AZ
without result. The latter offering was
withdrawn.
There was some trading done in Mergen-
thaler, but 1t was not animated, and there
seemed to be no general interest shown by
either prospective buyer or seller.
1t is understood that the property known
as the Hurdle tract, on the Grant road
west of Connecticut avenue and north of
the Nourse lane, has been purchased with
the view of subdividing II into building
lots 1t contains thirteen acres, and the
price agreed to be paid Is said to be about
$500.
Those interested In this enterprise are said
to be western men, As the property Is
separated from the Chevy Chase car line
by land owned by the Chevy Chase COM
pany 1t is expected that the latter company
will be asked to have a street opened
through to the railroad
Today's Government Receipts.
National bank notes received today for
redemption. Ss52.605 government receipts
from internal revenue. 81, OBS. 446: customs,
s642, 135; miscellaneous, $194, Os9; expendl.
lures. 81 $40. O0O
Available cash balance 1928 248y -.
Washington Stock Exchange.