Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-21


under the captisn "Bidding for q Railway
that the stock Is being purchased In large
blocks BY the interests connected with the
ment Is fatty denied by Mr. John r. Nc
Lean, president OF the company. To a re-
porter for The Star Mr.. Mclean said to-
day:
so far as holders OF the washington Gas
Light Company buying stock In the Wash
iEgton electric system. there IL nothing In
II. l know of no holder of Washington
Gas Light Company's stock who Is an
owner of the stock of the washington rail-
way and electric system.
AS for myself. l have never bought
STARE of the electric or Washington trac-
ton company's stock, and do not today
hold any directly or indirectly. 1 mean to
make my denial of the article published as
positive and sweeping as possible
When the preferred stock of the Wash
ington Railway and Electric Company was
reached on the call at today's session OF
the stock exchange there was again some
hVeiy bidding. and before the close OF the
call GOO shares had been traded In at prices
varying from Sl11 to ~. This stock closed
on Saturdays market at stt4 bid with 50
asked. At the close of the regular call to-
day the stock stood on the board 50 bid.
with SLY asked. There was-no trading in
the stock after the calA
1t may be added that the G,5 shares
traded in does not mean an actual sale of
that many shares, as it frequently occurred
that broker buying the stock in blocks of
H1ty sHareS, which is n quotation lot. would
sell 1t again, taking fractional profit.
Since November 1 this stock has been
strong, and has advanced from sales made
at III.
The common stock was lively again to-
day and in active demand at the bid price
The days trades amounted to 10 shares.
all or them at advance over the clos
ing price of Saturday. The market opened
up 'oday with bid of 2SIs as aga INST 2sIs
on the close Saturday and advanced By
fractions until - had been bid. Sales
We're made at varying figures around this
DID with fractional changes in between
The stock was offered on the close of the
market Saturday at 2S3-. On November :,
sales of the common stock were made at
Three thousand dollars In the per cent
bonds of the Washington Railway and
Electric Company brought S1a, 20 81 to-
day, and closed at sIs. bid. with ~ asked.
There was no trading in the bonds of the
Capital Traction Company. and the activ-
1ty OF Saturday in the stock was not re-
sumed today. Five shares brought 10
The certificates OF Indebtedness OF the
washington Gaslight Company were firm
ana IN demand. but there appeared to Ice
none on the market at bid prices
The bank list c. me to the fore again to-
DAY, and with Ii resumed the story
that within short time the Traders Sec
ond National and the Lincoln National
banks will be merged into one institution.
The stock of the Second National Bank
advanced more than :: points Ia the trades
today. and eighty shares were sold the
bulk of the STOCK going to the broker who
purchased the stock of the Traders Nj
pnt ut III
week. At the close of the market on SAT-
urday this stock opened at IL, bid. with
none on the market. The first bid today
was HTS, with none offered. 1t was rap
idly advanced, until ten shares were
brought out at $50 After the call there
were several blocks. totaling sixty shares
that brought 40 and 151R
1t is understood on the street that se,.-
eral of the uptown banks would be glad t.
take the trio of downtown banks into camp
were they in the least assured that they
could control the depositors in the down
town institutions. This is where the mat
ter hinges SO far as the uptown Interests
are concerned. so it is believed that the
merging will be done under the direction
and probable control of-one OF the large
downtown banks.
Six shares of the Traders Bank stock
brought 100 for the stock an advance Of
points over the bid price of Saturday.
Other bank stocks traded in were i've
shares of Metropolitan Citizens at $40 and
ten shares of Commercial National at 1871.
The stock of the American National Bank
advanced from l6J bid on Saturday to 40
bid today. with none of the stock in sight.
Ten shares of American Security ard
Trust Company brought 40 today, wficn
is the recent sale price.
washing on Gas stock was active and IN
I On ga day hid
with 60 asked Trades in 40 shares were
made today until the stock had risen 10 III
bid, with 6la4 asked on the close After the
regular call 100 shares brought. Ga