Evening star., 1904-03-24
LOCAL FINANCIAL NEWS

Trading on the local stock market today
was up to the standard OF the past several
days. few trades and little interest being
shown in the standard securities.
There was some selling of Of the securi-
ties OF the Washington Street Railway
Company for outside holders. believed to
have been due to desire to realize cash
for trades on foreign markets. Four thou
sand dollars In Washington Street Railway
As brought from "a to 74h. which is around
the market price of the past several days
The only national bank stock traded In
was eleven shares OF Riggs. which brought
$50. several points over the price offered
during the past week. There were no
trades In the local trust company stocks.
There appeared to be no Capital Traction
stock on the market at the price offered.
The earnings of the Capital Traction Com
pany in the first months OF 1904 have
showed steady increase over the same
period last year. During January and Feb
ruary the daily increase in business was
something like $500. 1t is estimated that
the gain for the first quarter of the year
will be at least sl5.O00 and probably Sls.-
600. and from this it is reasonably inferred
that the gain for the year will be much
larger than the $4,000 increase made in
1903 over 1902.
washington NTaS STOCK mas remained firm
and in demand for several days. This Is
believed to be due to the fact that the agt-
tation which was started in Congress sew
eral weeks ago Is not going to amount to
anything on account of the shortness of
the present session. One hundred dollars
worth of the gas certificates of indebted
ness brought 114h today.
Twenty-Five shares of Riggs Fire Insur-
ance stock brought from SIS to Sta today,
and 50. 600 in Chesa peake and Potomac Tel
ephone SIS brought 103.
President Greene of the Greene ConsolI-
dated Copper Company and the party he
recently took to Mexico to inspect the mines
are expected to reach Washington tomor-
row.
The National Union Fire Insurance Com
pany will pay a semi-annual dividend to its
stockholders on July /. The company has
disposed of the last of its outside business
Japanese gold. amounting to s. .205 COO
landed at San Francisco yesterday.
The report of the American Telephone and
Telegraph Company for 1903, issued yester-
day shows gross revenue of 16.545. .632. an
Increase of 50 3.26S.175: net revenue So Js4,-
665, an increase of s.. 729. .393; dividends. S.
6l9,l5O an increase of S2035, ,0O0 and ball
ance, s1.945 514. an increase of s694, GOO In
the course of the year $50. 36S, 700 was spent
.oi SAShdiiecS, lOll anu idnu ana Dulid-
ings. and 6T7.229 miles of wire were added
to the plant.
At the meeting of the stockholders di-
rectors of the Pennsylvania Railroad Com
pany held yesterday, Alexander M Fox
presided and the board elected A j. Cas-
satt as president and added to their num-
Der by electing John p. Green, Charles E.
Pugh. 8. NJ Provost and Samuel Rea as
directors. and subsequently electing these
gentlemen, respectively, first. second, third
and fourth vice presidents. John B. Thayer.
Jr., was elected fifth vice president The
organization was completed by electing
Lewis Nelson secretary and Robert w.
Smith treasurer.
The amount of stock voted at the Penn
sylVania railroad annual election was the
largest ever pOlled. The percentage of stock
outstanding rated was 69.1S per cent, or
slightly below last year, when it was 7O76
per cent.
II is said to be likely that ]. J. Hill and
j. +. Morgan will go on the board of Union
racine. while e. Fl. Hartman will be elect
ed director of Northern Pacific and Great
Northern.