Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-06
LOCAL FINANCIAL NEWS.

AT a meeting of the stockholders of the
Washington Gas Company held today di-
rectors were chosen as follows: John r..
Mclean. George 7. Dunlop. James w. Orme,
r. H. Goldsborough and John McIlhenny.
Some 225 shares of American Security and
trust Company were sold today, and while
the aggregate is large in comparison with
the ordinary transactions in this security.
the prices paid. which were 242 243 and 24,.
made the dealings the most notable that
nave taken place in this stock for some
weeks past. Two blocks of forty and fifty
shares each were offered. and then some
fractional and other lots were on the floor.
The highest bid on Saturday was go and
when these offerings were made today at
advanced figures and were taken by one
broker mild sensation was caused After
the sales the bid advanced to- 2421s but
there seemed to be no more stock for sale.
although an offering of 2i3ls was made by
the broker who had just bought the stock.
This was withdrawn and 80 substituted.
After call 100 shares in one block were
bought for 245.
Mergenthaler stock made the biggest ad-
vance of the day and there was good. strong
buying on a level that ranged from a quar-
ter to seven-eighths of a point above the
asking price of Saturday. The buying be-
gan at 1875 and ran up to 1855, while on
Saturday the bid was 1884, and the asking
price 194A. After the sales 1851 was bid
and 1867 was asked. In Boston today 1t
was reported the stock was quoted al even
1876.
Stockholders of the Mergenthaler Com
pany today received notice that a special
meeting will be held in New York the Goth
instant to determine whether the capital
stock of the company shall be increased
from $10,000.0O0 to $4,000 600 and to author
ize- and empower the board of directors to
issue and dispose Of the proposed new
stock for the corporate purposes of the
company"
Exactly what "the corporate purposes
are IS not explained. except that in a pre-
vious circular it was stated that ii was
considered good policy to enlarge the scope
of the company. 1t is the general belief
that something over a million of dollars
of the proposed new issue will be used to
acquire the Monoine Company. There is
nothing definite known as to what Is pro-
posed to be done with the balance of the
stock although the conjecture is advanced
that 1t Is not improbable the acquisition OF
the Lanston Company may be con-
templa ted.
For Lanston the bid rose to 13ss and a
sale was made at that level and at 1884.
Options were offered at IA and the stock In
1O0-share blocks and in larger quantities,
were for sale at 1891. There seemed to be
no great demand at these figures and so
the trading was limited. On Saturday the
stock was for sale at the same price and
then the bid was 1872
There was no trading done in the bonds
of the Washington Railway. and in that
case, as well as in the cases of the pro-
ferred and common stocks. the quotations
made were lower level than those of
Saturday. The bid for the bonds was STA.
the same yesterday while the asking
Saturday. The bid for the bonds was STA.
Four fifty share lots of the preferred stock
sold for So to S5h and then the bid was
S47s and the asking price S5A. Before the
close the bid advanced to So.
For the common stock 29a was bid and
291a asked. The latter was withdrawn and
80 substituted.
An advance was made in the bid for Capt.
tai Traction stock from 1441s on Saturday
to 144A. There was no stock offered under
14J,