Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-03-30

outside company to reinsure all the risks
now carried by the local company. This
Is not new subject. as several years ago
somewhat similar proposition was made.
IL is expected that final action viii be
taken by She stockholders at the meeting
to- be held next month. but IL is not known
what course the stockholders will pursue.
IL the offer is accepted 1t will result in
the transfer To another company OF the
entire line of Insurance business now car
rfed on by the Riggs company. This will
Lot lead to the immediate liquidation OF
the company. 1t Is explained that the
change. IL made. win not affect the income
now received by the stockholders. as the
investments OF the company yield a suffi-
cient amount TO enable a continuance of
the regular dividends.
II is understood that Mr.. Harry c. Brge
who so ably fills the Office OF secretary of
the company, intends. in the event the
above plan Is carried out. TO establish him
self here in the insurance business.
1t is stated that the committee. composed
oil representatives of the principal fire in
surance companies of the country, that was
appointed to consider the question of a
s sng IN rates on property in what is
known as the congested business sections
or large cities has rather broadened out or
changed the scope of its inquiry ana is
considering the formation of a central board
throughout the country.
The original work allotted to the commit
tee was. or course, suggested by the Baltf-
more IRE. and the influence of that great
uisaster, IL Is believed, Will be favorable to
bringing about that harmony of action on
the part of the insurance companies which
Is now lacking, except in localities.
IN .he event such an organization is ef-
Iected IL is the purpose to have a uniform
rate OF insurance to apply to business prop
erty IN the entire country, modified Of
course. by local conditions. For example.
IL the basis rate is 81 per thousand there
will be additional charges for deficiencies
as they may be found in various cities, such
as narrow streets, inadequate water sup
ply, etc.
After the LIST of April stock transfers OF
the Capital Traction Company will be made
IN, this city instead of in New York city.
~here IL was necessary to have Ii In order
TO list the securities of the company on the
New York stock exchange The American
security and Trust Company will be the
transfer agent. and the Union Trust and
storage Company the registrar
The demand for telephone bonds was
again apparent at today's meeting of the
stock exchange. Three lots of 81 600 each
were bought at 1857, and this hid was CON
tinued, but there was no more to be
had at that price. There was. however. no
very exclusive demand. as the asking price
The dealing in Capital Traction was ap-
parently that of professionals in the mar
ket. as the bidding advanced from l19 to
ilsses, with the asking price at 1908 Sub
sedueHtly the latter dropped to 12Ol4 After
call twenty shares were sold at 10 and ten
at 1885.
The trading in Washington Railway pre-
ferred comprised two lots of 30 shares at
~ and Az, and one lot of 100 shares st
A. There was a decline, however. in he
ION m at and aft t lauI
ing 43& was bid and AN was asked. Al
the beginning Az and 44is were bid, and
the stock was offered at 40.
One hundred and fifty was again bid for
any part of 100 shares of National -
Deposit stock but there was none for SAFE
az less than 155, except five shares offered
AZ 152.
The bidding for Potomac Fire Insurance
stock began at an advanced figure. as COM
pared with recent quotations, and the re-
suit was the sale of 10 shares in three lots
of % shares each at the bid price of -.
This bid was continued without bringing
out any more of the stock. The purchaser
advanced his bid to 2424 and 2i5s without
result He then bid p for 100 shares with
out finding a seller. These b DIS were finally
Withdrawn and the closing quotations were
% bid, % offered.
A bid of IS secured fifty shares of gas
stock. Subsequently the stock was Of
tereQ at %, ana TINS Orer was Withdrawn
after an opportunity had been given to
buy at that price. The next asking price
was 5SS, with 51at bid.
Today's Government Receipts.
National bank notes received today for
redemption, sS11,745; government receipts
from internal revenue, S662 800; customs,
$999. 024; miscellaneous, s1i7.630; expendi-
lures, 81 ,565 600.
Available cash balance. s223, 80. 41264.