Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-02
LOCAL FINANCIAL NEWS.

The stock of the Bank of washington
| easily held the center OF the stage at to-
days meeting of the stock exchange. Not
because OF the volume of the sales. but
because Of the rapid and long jump made
| in the bid price, which at the close showed
an advance over the closing bid OF yester-
day of twenty-nine points
Only one sale of ten shares was made.
and the figure which was realised is the
| record price OF that stock in recent years,
at any rate. The stock was offered at 525.
just as has been the case for some time
past. and in addition there were five shares
for sale at 516. Both of these lots were
thar figure was four shares. for which 530
was asked. but the best bid for such lot
was 52o.
At the close the stock was offered at $50
| and the bid was SIS This attempt to gather
in what floating stock might be around
even at high figures Is not surprising, in
vie wof the rumored plans for changes in
that institution.
The bid for Central Bank stock. which
might be looked upon as sympathes icaiy
affected. advanced from $50 to 3341s. but
the lowest asking price was 800, and moth
Ing was done.
Changes were made in the figures in the
case of some of the other stocks in the
bank list, but they were not looked upon
as specially significant. or at least II they
had any significance, 1t was not generally
known. Such, for example. was the bid
ding up of Columbia Bank stock from the
80 which was the bid of yesterday to $50.
In looking over the list of bank stocks
and noticing the present quotations one
of the observers of the market said that
he remembered some fifteen years ago
the prices then asked for some of these
stocks. He gave from memory as we'll as
he could the quotations of that time. For
Metropolitan Bank stock he said 1S5 was
hi fn, Ron of
Central, 100: for Farmers and Mechanics
155; for Second, 127, and for Columbia,
no. The latter had only been in exist
ence at that time but year or So
The same course of sweeping from the
floor all offerings of the stock of the
American Security and Trust Company
was followed as was done in the case Of
also of i've. The BID was then 2s3, which
is eight points in advance of yesterday
bid.
The better figures in this case no
doubt due to the privilege which the stock
carries of securing pro rata share of the
stock of the proposed storage company
which is to be organized, providing the
stockholders give their consent at the meet
ing in January.
AS stated, this concern is to take
the storage department of the trust COM
pany leaving in the treasury of the COM
pany $4,000 of the new stock and the
balance of the $4O0OOO capital stock which
is to be issued is to be offered to the stock
holders to be subscribed for at par
Only fractional lots Of the preferred stock
of the Washington Railway and Electric
Company sold during the CALL the level be-
ing the same low one that has recently been
reached. After call couple of quotation
lots of fifty shares each, was sold and the
lowest point in the recent decline of this
stock was reached when one went for S91s
and the other for So
There was quite lot of the common
stock for sale at Al. and some sales were
made at that figure, but the supply at that
price was by no means exhausted.