Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-10
LOCAL FINANCIAL NEWS.

LOCAL FINANCIAL NEWS.
The plan proposed for financing the new
enterprises that are TO be started by the
Norfolk and Washington Steamboat COM
pany. namely. the ferry service between
this city and Alexandria and a day service
between this city and Norfolk, Is to Increase
the capital stock of the company and to
authorize bond issue.
According to this plan the capital stock
will be increased from S60o.0o0 to 500 600
a share of the new stock to be allotted at
par to every six shares OF the present
stock. The proceeds of this new issue will
be used in equipping the proposed day serv-
ice
At present the company has no bonds. II
Is now proposed to issue $So0.ooo D per cent
bonds and use the proceeds In the purchase
of the franchise OF the ferry company and
the necessary boats.
At the annual meeting of the trustees of
the Columbia Fire Insurance Company. held
this morning. the following officers were
elected for the ensuing year: +. Il. Nc
Cure. president Charles c. Glover. first
vice president A. L. Pardon, second vice
president; Lem Towers. jr.. secretary; w. ID.
Quinter. assistant secretary Executive COM
mittee-F. b: Mcclure Charles C. Glover.
Ropert l. Fleming. Charles ]. Bell and
Thomas r. Jones.
The report submitted by the secretary
showed the total assets to be $40. ,s&3, of
which 100000 IS capital. thus making the
surplus SlI05i3.
All the bonds of the Washington Railway
and Electric Company which were for sale
at SgS4 were taken the aggregate being
$1,000. The bid was then on that level
and the asking price was an eighth higher.
An offer to sell $4,000 or any part at &c
was made. but was not taken.
Seventeen shares OF Capital Traction
stock sold for l45fe and the bid for twenty
shares was l45A The asking price was
brought 70.
There trading in the preferred
stock of the Washington Railway and Flee
trio Company during the CALL except the
sale OF some fractional lots at prices rang
ing from 9+4 to 9iIk. The stock was to he
had at 94s. and "a bid. An option
After the call two afty-sha-e lots were
sold for "a.
The common stock was offered at BIZ
and the bulk OF the trading was done on
that level. comprising six northumberland
lots and five ifty-share lots. The bid then
was S7h. and the asking price 3Iss. bid
OF SIN for 600 1900 shares OF any part
was made without result and these LOCO
shares were offered to the highest bidder
on the same level On a bid OF S7A sale
was made. At the close 3T1t was bid and
37L was asked.
After the call one ffty-share lot was
sold for 37as and also a twenty-fve-share
lot.
The bid for National Safe Company's
stock rose from $50. which was Saturdays
bid to 1921. There was no stock offered
for sale at less than 1871.
An advance was also made In the bid Tor
the stock of the American Security and
Trust company from 243 on Saturday to pa,
On the latter level ten shares were sold.
Then the bid was 24311 and pa was asked.
The latter was withdrawn and 245 was sub
stituted.
Fifty shares were offered at 80 and 2i3
was bid for such lot.
A bid of 3i2 was made for 100 shares Of
the Metropolitan Bank stock or any part
OF such a lot. The bid for ten shares ad-
vanced to 34J. and such a lot sold ii
that price. Then the bid was 346. and $50
was asked. ...-. a.. ...s
Riggs Bank stock was quoted without the
80 semi-annual dividend and the bid
was $50 instead of GO. as was the case
Saturday.
A block of 100 shares of Columbia Fire
Insurance Company stock sold for liz. and
that was the bid for 100 shares more. or
for 800 shares. The bid rose to 112x without
result and then Ii was withdrawn and 1lS
was substituted. The asking price was j.
One hundred shares of gas stock were
offered for sale at CIV. The bid for twenty
five shares was 662. and GA asked.
Two ten-share lots of Mergent haler sold
for 1874 The stock was still to be had on
that level and l97ls was bid.
Lanston sold at 1915 and 16, and the stock
was to be had at 16ls. and 1G was bid.
Greene Copper sold from 2a7s to 30ls. bet
ter prices than were quoted Saturday,
as then the stock was offered at 29&, and
2915 was bid