Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-31
LOCAL FINANCIAL NEWS.

It is supposed there will be an increase of
| the capital stock of the Norfolk and WASH
I ington Steamboat Company, which will be
offered to the present stockholders. This
| will not be consequence of securing the
control of the recently formed Alexandra
Ferry Company, as the organization of the
latter Is to be entirely distinct. with the
controlling stockholders identified with the
control of the steamboat company.
The proceeds from the new stock of the
steamboat company will be used. it is
thought, in securing the equipment for the
day service between this city and Norfolk.
| which, it is understood. is in contemplation.
The stock of the company is now 100000.
and there is no bonded or other Indebted
ness.
1t Is expected that the new home of the
American Security and Trust Company
which is being built at the northwest cor
ner of Pennsylvania avenue and 18th street,
will be completed by the 1st of October
next. AS coincidence of some interest,
this site and which was erected by the
branch bank of the United States. was oc-
cupied by that institution for the first time
| on the 23d of June, 1924.
The new manual of the securities of the
Washington Stock Exchange, which has
been prepared by Thomas l.. Hume the
secretary of the exchange. ana Eugene r.
Thompson is to go to press. 1T is expected,
next week. 1t will contain about 200 pages
and will be octave in size. In addition TO
information about the various nnanciai M
situations and the railway, insurance ana
other companies comparative tables VIII
be given of the business of the local nre
insurance companies. as well as the hish
and low sale prices of the various securi-
ties for each year since 1892 and also the
number of shares traded in.
The only compensation that Is expected
for the labor which the preparation OF TINS
\ II, fy,x,n lx-n- is a n
service of value to brokers and investors
has been performed.
The trading in the bonds of the Washing
ton Railway and Electric Company reached
a large volume at todays meeting OF the
exchange. All the bonds that were to De
had at S9Js were taken, and also those on
the level of an eighth higher and stu!
further notch, so that at the close the bid
was S9ss and S9S was offered. yesterday
the closing bid was 1914 and s9s was
asked.
Changes were made in the quotations of
the underlying securities of the Washing-
ton Railway and Electric Company, as
they were offered without the April olVl-
dend The same cause brought about
changes in the figures in the case OF other
securities in the bond list
Sales were made of the preferred stock
of the Washington Railway and Electro
Company at 93L and then the bid rose
to that level and the stock was to be had.
at 933s An option was offered at "a.
The common stock sold for 35B to 3ots,
and after the sales the stock was still to be
had at 351z, and the bid was 3oh.
For gas stock 67 was bid for twenty-five
or for one hundred shares, but there was
no stock to be had less than 61A, and after
three twenty five share lots were taken at
that price purcha sers were found for the
stock at 67ls for similar amount The BID,
however did not rise above 81, and the
stock was to be had at 6IA.
amount of stock was offered for 6IA.
There was a good deal of trading done
back and forward in fractional lots OF Mer-
genthaIer Lots Of ten shares sold from
197A to 1874. and for fifty-share lot 1915
was paid. At the close 1871 was the bid and
1875 was asked