Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-11-16
LOCAL FINANCIAL NEWS.

According to the current gossip. there Is
something doing In Riggs Bank. the i'm
preston being that melon of some sort
Is to be cut in the near future. Exactly
what form the fruit will take is still In
doubt-at least, among those who enter
tain the conviction that something Of the
sort is contemplated without having any
exact knowledge in the premises.
One OF the grounds for such theory,
for at the present time there Is nothing more
definite. is the advice that was given some
days ago by man who Is largely inter-
ested in the bank, to the effect that the
stock at $50 Is good buy. On the basis
of the dividend now paid the stock yields
4 per cent on $780,
There Is some notion that a closer connec-
ton Is proposed between the Riggs and the
Central Bank than that which now exists
when the plan for the expansion OF the
Central Bank, which 1t Is believed is now
being worked out, Is finally accomplished.
In the event the entire scheme goes
through 1t Is probable the capital stock OF
the Riggs Bank will be 100000 instead of
100000, as at present.
The after-dinner chat OF the annual
spread Of the stock exchange was to a
large extent carried on today at intervals
during the CALL or most any time that
suited the fancy of any one to break in with
some observation. 1t may be concluded
from the general tenor of what was said
that everybody had a good time.
Those that did not have a complete oppor-
tunfty to ventilate their views at the
fragmentary fashion today, which
arrangement seemed to be entirely
satisfactory to all concerned. The commit
tee In charge Of the affair appeared to have
come out with more praise than blame.
which is quite a record for the average
committee, but is nothing unusual for the
gentlemen that made up this able aggrega-
tion. The menu was regarded as great
hit. and while some of the descriptive titles
to the things to eat had to be translated.
yet when that was done It was thought the
ideas were exceedingly clever.
Mr.. L. w. Morrison, the only out-of-town
member, came on for the dinner. and occu-
pied a seat on the exchange today for the
first time in the memory of all except the
veterans. He had a chance to find out
whether his seat at the present prices is
any more comfortable than it was when he
paid $2o for it some years ago.
! There was some trading done, but the
most active stocks were not very active,
although they were not entirely passed by.
Better prices were paid both for the pre-
ferred and the common stock of the WASH
ington Railway and Electric Company, but
there was no great demand for either. al
though the chance to buy at a slight ad-
vance over the bid price was given.
An advance In the bid both for the Co
lumbia Title Company's stock and for the
washington Title did not result in bring
Ing out any OF the stock. and in the case
OF the latter there was none offered for
sale. although three-auarters OF point was
bid above that Of yesterday.
One lot of 100 shares Of the Columbia
stock sold for AZ
The only dealing In the stocks in the
bank list was in that OF the Metropolitan,
Citizen and American Bank. For the
former 349 was bid, and that was paid for
ten shares, and there was more to be had
at slight Increase, but 1t was not taken
In addition to probable raising Of the
capital stock Of this bank to the million
dollar mark at the annual meeting in jan
uary, 1t is probable the stockholders will
decide to return to the old name of the
hank, and in that way the word Citizen
will disappear from the title OF the in
Stitution.
Ten shares Of the American National
Bank sold at 1SS. which marked high
record in the history of the sale OF this Sc
curity.
Gas stock was for sale at 6ON and in
quantities to suit, even 100 shares being
offered al that figure. Sales were made at
go and an eighth higher. but the supply
was not exhausted, although the buying
was.
Nothing was done either In Lanston or
in Mergenthaler and no change of con-
sequence was made in the quotations.
Today's Government Receipts.
National bank notes received today for
redemption, S947 .524. Government receipts
From internal revenue. $943, PIT; customs,
S1.319. 061: miscellaneous: 1921, 800. Expendi-
lures, 81. 10000.