Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-18
LOCAL FINANCIAL NEWS

A number Of local men have organised o
company for the purpose OF erecting water
works and electric lighting plants IN the
smaller towns throughout the south. This
use OF local capital affords an illustration
OF the expanding scope OF the financial OPP
erations OF which this city Is now and win
become the center. The notable increase
of late years In the revenues Of the finan-
cfal institutions of Washington not only
purely local enterprises, but makes II pos
sioie for the city to become In a sense a
business center for a large region that Is
naturally tributary to II.
Some changes were made In the figures
IN the fire insurance stock list at today's
meeting OF the stock exchange A these
securities are rather inactive and only &C
casionally traded In II was out OF the or
binary that the quotations were not al
lowed to remain unaltcred.
There were no transactions but the
changes were all in line with higher prices
showing that the demand was better than
the supply on the level reached
"A bid OF 90 was mada for three shares of
metropolitan Fire Insurance Comma nv stock
ana a LOT or that size was offered for 100
DID OF 70 was made for a quotation lot or
twenty-five shares. and the asking price was
100. was
Yesterdays bid of 81 was about to be re-
newed when director of the company. who
Is also member of the board In response
to some inquiry said the bank value of the
stock was los. Another broker remarked IL
that was the case he would bid s. and that
was the bid recorded.
The bid for Arlington Fire Insurance
Company stock was advanced from yester-
days bid of 30l1 to 81. There was no
change made in the asking price OF IS.
An advance from to SL was made I'm the
bid for Riggs Fire Insurance Company
stock. The asking price was Sst.
A block of fifty shares of Washington
Title Company stock were offered at 4Is
and was bid For 100 shares was asked
and bid.
There was nothing done in gas stock. ex-
cept to offer II at 6S. The best bid was 61z
Merganthaler also showed I'm the general
indifference, although IL was offered at 100.
one point less than yesterdays asking price.
The bid did not go beyond 1876.
A somewhat better bid was made for Lam
ston than was the case yesterday The bid
was 15%. and the stock was to be had at
15S.
bid of 222 was made for ten shares of
washington Loan and Trust Company
stock. and 1t was to be had for 222iz. The
bid was withdrawn and DO substituted.
Several lots of the preferred stock of the
Washington Railway and Electric Company
to be had at that figure, but the best bid
was 9h
The common stock was for sale at 34h.
but there was trading, the bid did
not rise above "a.
Telephone bonds were in demand and an
advanced price was paid several lots going
at prices from 10TH to 1O7%. After the
sales the bid was 10TH and the asking
price Jos.
The bid for Capital Traction stock went
as high 145A, but that was withdrawn
and 145 was substituted. The cheape
stock offered was at 145A. There was no
trading. The question was asked as to-
what would be paid for 100 shares and the
response was 40. A block of that size was
not offered.
An advance was made of an entire point
In the bid for the five per cent bonds of the
Potomac Electric Lighting Company. The
bid was 105. No bonds were offered for
sale.
better bid made for gas certif-
Gates, as 10 was bid. The stock was to be
had ut 122H.
The bonds of the Washington Railway
and Electric Company sold at S97s and at
80. They we're still to be had at the latter
price and 'S93s was bid.