Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-04
LOCAL FINANCIAL NEWS.

"A meeting has been called OF the AsSOcia-
ton Of Washington Stockholders of the
Greene Copper Company. to be held tomor-
row evening. This is the first meeting
since the association was organized about a
year ago. and while 1t is stated there Is no
special reason for calling the members to-
gether at this time. yet 1t is thought that
as the association accomplished something
that 1t will be wise to maintain the organi-
alton. 1t Is also believed that IL Is good
business proposition to look after ones in
terests in times of prosperity as well as IN
those of adversely.
Il was apparent at today's meeting Of the
stock exchange that the broker who has
been bidding for the stock of the American
Security and Trust Company was willing to
pay most any price within reason In order
to get the stock. However. it was not
offered except when the bidding was III the
vicinity of that of yesterday, namely, 30.
and then one broker offered the stock az
900. There was general laugh when he
withdrew the offer shortly after. but hs
was not as far from a market as it seemed.
A bid of 215 secured ten shares, and then
the bidding ran up to 21S At the close
that was the bid but the asking price was
225.
A higher bid was also made for the stock
of the Union Trust and Storage Company.
as the level of 109% was reached. The
stock was offered at no, as was the case
yesterday
An advance was also made in the bid
for the stock of the National Safe Deposit
Company. One hundred and fifty-two and
one-half was bid. while yesterday 1t was
1917. No stock was offered for sale.
For Washington Loan and Trust stock
an advance of half point was made as
the bid was 206h and the asking price
21215.
advances which seem to effect the list of
trust companies stocks. except possibly 1t
is due to the general belief that in the
event the new banking interests that have
come INTO the city want the control of a
trust company that effort will rather
be made to secure an interest in one of
the existing companies than to organize an
entirely new concern. The current gossip
on the subject has not yet selected the
name of the company that is to be brought
into harmony with the new interests.
There was quite a lively competition for
three shares of the stock of the Bank of
Washington. These shares were offered
for sale yesterday, but the bidding was not
strong enough.
Today however the competition began on
the level of 4S2, and the bidding ran stead
lily up until 400 was reached, which the
sellers price, and sale was made. The
bid then went up to 495 for ten shares and
800 would have been given apparently II
any stock had been for sale. These bids
were withdrawn, and at the close 4S0 was
bid, which was the same as yesterday. No
stock was offered for SALE
There is no belief that the desire to buy
the stock of this bank when it comes on
the market, which has been strongly in evil
dence within the past few months. lndi-
Gates that any change Is expected in the
control of this bank. 1t is understood that
in the event change is necessary in the
management. that the principal stockhold-
ePs have about decided to merge the bank
with the Central Bank, with Mr.. Norment,
the president of the latter, at the head OF
the enlarged institution.
Mergenthaler was not for sale except at
higher price than has recently prevailed.
bid Of 1S4, which is an advance of
points over that of yesterday. resulted In
sale of ten shares. There no more
stock for sale at less than 100
Greene Copper went off In lots of 100
shares at 191e. and that price was still bid,
with 1875 asked.
Today's Government Receipts.
National bank notes received today for
redemption. $G0l.G23 Government receipts:
From internal revenue. S2I6.s53; customs.
$91T,532; miscellaneous. $J3,294. Expendi-
lures, 81, 1SO, COO
Available cash balance. s152, 614, 241.67.