Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-04
LOCAL FINANCIAL NEWS.

The directors of the Old Dominion Rail-
road Company have unler consideration an
issue of bonds aggregating 81 100000. with
interest at per cent. At the present time
this company has issued only capital stock
which has been taken mainly II is under
stood. by the men who are identified with
the company. The proceeds of the stock
have been used in constructing the roadway
which is now in progress. IL Is now pro-
posed to issue bonds secured on this prop
erty. but the arrangements for placing the
bonds have not as yet been completed,
IN ADDITION to the line from the -Aqueduct
Dridge 10 Great Falls, there is bill pend
ing before Congress for an extension from
.ne bridge through the city to the new
1t Is maintained by those who are sup
posed to know something of the purposes
OF the Boston interests that control the
Traders Bank. and until recently owned a
large block of The Observation-Disclosures
BANK, that 1t is the intention to continue
the bank as an independent institution as
IL is at present.
1t is also said that there is no immediate
prospect of a combination of the Bank of
washington and the Central Bank.
The influence of the change In the owner
ship of large block Of the stock of the
observation-disclosures Bank and The pros
pective alliance thus effected with the Ma
tional Safe Deposit Company was seen to-
gay at the meeting of the stock exchange.
Ii was evident that the stocks Of both in
situations were regarded as more valuable
than was the case yesterday. as the bid
ding advanced considerably in both in
stances. The bid for National Safe Com
pany stock ran up to 1870 and ten shares
were sold on that level Then the bid was
renewed. but there was no stock for sale
at less than 1885,
A higher record was made in Metropoli-
tan Citizens stock, and when ten shares
were offered at 80 they were promptly
taken The bid then ran up to 355. but
there were no more sales. and no stock was
offered at any figure.
1t was announced that the governing COM
mittee had direcded the names of the Met
ropolitan and Citizens National Banks be
omitted from the. list and the name of the
Metropolitan Citizens to be placed on the
list. The legal time for the liquidation OF
the Citizens Bank expires on Monday. and
on that day the organization of the new
bank will be effected.
1t is expected that Mr. f. Francis Riggs,
Mr.. Thomas r. Jones and Mr.. Woodbury.
Blair will be members of the board of d.
rectors. The first two named are the vice
president and president of the National
Safe Deposit Company and the latter is
member of the board of directors. They
will represent the block of stock of the
bank which has been acquired by Mr..
Riggs.
Mr.. E. Southland Parker is to be the
president. John II. Moore vice president.
and in the event Mr. Riggs is willing to
accept the place. the position of second
vice president will be created.
The only other bank stock in which any
notable change was made was that OF the
Bank of Washington. Six shares were Of
fered for sale. the only stock that In
the market The best bid was 400. but 800
was wanted and no sale was made. The
bid for ten shares was 49,.
An advance of one point in the bid for
Traders Bank stock was made. The bid
was 151R. There was no stock offered.
A great deal of interest manifested
I'm the dealings in Capital Traction stock,
all of which occurred after the call. Then
broker. who is looked upon the repre-
sentative of the road on the floor. after a
sale of twenty shares at 1314. offered thirty
shares for sale, with the statement that
they Were to be sold.
He let them go at 1907 and then Offered
100 shares which were taken at 100.
There was quite a good deal of Gas sold
and at figures lower than those that have
prevailed recently-J9 and ssh were the
figures