Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-03
LOCAL FINANCIAL NEWS.

LOCAL FINANCIAL NEWS.
The entire proposed issue of sl0.0oo.O 900 Of
az per cent. bonds OF the Washington
Terminal Company has been acquired by
banking houses In New York and Baltimore.
The price obtained by the terminal COM
pany has not been announced. neither has
the figure at which they will be offered to
the public
The proceeds of the bonds will be used in
building the steam railroad terminal i'm this
city. The authorized issue is $12 600 900. but
for the present only the amount above stated
VIII be placed on the market. The esti-
mated expediture OF the terminal company
In this city, which is controlled by the
Pennsylvania and the Baltimore and Ohio
Railroad Companies Is about $16.000.000. OF
this amount the District and Congress con-
tributed 81 100000 and the two railroads
mentioned 3. 10000 and the bond issue OF
s12 600 viii supply the rest.
The capital stock of the company 10
$5,00O, 600.
Arrangements are being made for placing
on the market the bonds that are to be is
sued by the Alexandria. Washington and
Mount Vernon Company to secure the
tempIated improvements In the roadbed ana
equipment. 1t is stated that the amount
of bonds proposed to be issued is s.. 500. 600.
Stockholders of two OF the local fire In
surance companies Of the city met today
and elected directors.
The Columbia Fire Insurance Company
stockholders reelected the members of the
beard as follows: James A. Bates. c. J.
Bell. H. Rozier Dulany, Robert L. Fleming.
Charles c. Glover. Thomas NJ. Gale. J.
Eakfn Gadsby, James NJ. Johnston. T. r.
Jones. John s. Larcombe. John E. McLe-
ran, F. B. Mcclure. M. NJ. Parker, w. r.
Wilcox and u. H. Ridenour. jr.
The Corcoran Fire Insurance Company
also reelected the members of its board a $
follows: Charles A. James, William Z.
Edmonston. Edward F. Droop James w.
Orme. Frank j. Lewis. Albert F. Marsh,
Edward T. Kaiser. Albert T. Coumbe. Louis
R.. Peak. The directors chose officers as
follows: President. Charles A. James: vice
president, William E. Edmonston; secre-
tary, Louis R. Peak.
An advance of nearly a point I'm the bid
ding for the common stock of the Wash
ington Railway and Electric Company was
made today at the meeting Of the stock
amount Of trading before this result was
reached. and the upward movement was
easily accomplished.
Saturday the closing bid for this stock
day the bidding started on the same level
and ran steadily up to 1864. The stock was
to be had at 81. and then it was offered
at 36B. Several sales were made at the
latter figure, and number of options were
disposed of at 37A.
The sellers of the options secured corre-
spending blocks of stock at 367s, and the
demand for options seemed also to stimulate
the buying on the part of those who
wanted to supply options.
Finally the bid rose to 367s and the stock
was offered for sale at 81, and a sale was
made on that basis. At the close the bid
and asking prices were on these levels.
The preferred stock of the Washington
Railway and Electric Company sold at 1914
and that was still bid. There was no stock
for sale at less than 93ss.s
Fifty shares of Washington Title Com
pany stock were offered for sale for AZ
There was no bid For 100 shares the same
bid as that previously made, namely. 3A.
was renewed.
Lanston was dealt in today on q higher
level than has been the case for some days
past. When the stock was offered for sale
at 161A, bid of 16 was made. There were
several lots soon taken at the asking price
and one lot at an advance Of an eighth.
The bid was then 16h and 1914 was asked.
The latter was Withdrawn and 1873 was
substituted.
The bid for the 5 per cent bonds OF the
Potomac Electric Light Company advanced
from the Saturday level of 1861 to 1861.
There was no dealing. The bonds were
offered for 1877.
An advance in the bid Of telephone bonds
was made from 107 to lots, and one sale
was made on the latter level The asking
price was 10TH.
Sales of the bonds of the Washington
Railway and Electric Company were made
at S9S, and after the sales that was the
bid and S9h was asked.