Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-01-05
LOCAL FINANCIAL NEWS.

lhere was quite scramble for Mergen-
thaler stock when it was called at the
meeting today of the stock exchange and
offerings at less than i9i were taken with
a rapidly that was in contrast with the
quieter mode of trading that usually pre-
walls. News from Boston was responsible
for the desire to get the stock at these
figures. as 1t was reported that Mergantha-
Ter was selling there at 1872
On the exchange here yesterday Is9 vas
bid and 1891 was the asking price. Today.
however only ten shares were offered ON
the same level as was the case yesterday.
ana they were taken with a rush. ard
were subsequent offerings in that vicinity.
Inc selling developed there were some III
shares for sale al less than 49, and these
were taken. Then the upward course did
not go half point beyond
however, there was n good deal of stock
.,Iae was Drought out by the higher prices,
anu some 20 shares were traded IN fron
I52 to 1927, which was the closing po:u,
Toward the end of the regular call III,
DID Tor 100 shares. and lg2as was the bid ,nr
10 shares, while the latter were offered
at 193
In the bond list there was considerable
buying and at advanced prices: iOTH and
l0I.s were paid for Capital Traction bonds
a high record for this security. After the
sales ioS was bid and llB was asked.
Washington Railway and Electric Com
pany bonds sold ut S5sa. and after the sales
that figure was the bid while the asking
price was one-eighth higher
Sales were made of Gas certificates at
12l1h and 1918. which was an advanced
price AT the close the asking price was
121a4 and the bid 12Ilt
The bid for telephone bonds rose frcm
Iuits, which was yesterdays price. to 10.,.
without bringing any out The asking
price was log
Capital Traction stock was offered for
he 10y,
was made. One hundred were sold at Ilils
and then two lots of twenty shares each
were taken at 141% and i4iA. The stock
was offered at 141N. but the best bid was
l41ls An offering of 100 shares al Jap was
not taken
One lot of fifty shares comprised the trad
ing in the preferred stock of the Washing
ton Railway and Electric Company: SiA
was paid, and then the stock was aga II
offered at that level, but the best bid
S4ss
The common stock sold at %. in
hundred-share lots. and in 1ifiy-share lots
at 2sk. Several options on 100 shares
stock at % and 2SB.
The stock of the National Safe Deposit
Company was IN good demand, and All
stock offered oelow 1SG1a was taken. TIE
latter level is nearly two points in advance
of the asking rice Of yesterday.
Only sixty shares were sold and tie
the bid was 1S5% and the asking price
1861 The announcement was made that
the books for the transfer of the stock
would be closed until. after the annual
stockholders meeting to be held next week
The president states that this is the custom
of the company.
Some sixty shares of American Security
and Trust Company stock were traded in
at prices from 236 to 231. At the close
the bid was 236%-a point higher than
yesterdays bid-while the asking price
was 2o7. The latter was Withdrawn and
24O substituted.
The bidding for Second National Bank
stock was on higher level than that of
yesterday. but it did not result in bringing
out any stock. The bid rose to 1855. Yes
terday 100 was bid. There was no stock
for sale under 175.
Over one hundred shares OF Metropolitan
Fire Insurance Company were disposed of
at 10 and 74B. The bid advanced to a
without result and then was withdrawn and
"a was bid and II asked.
Sxty-siX shares of National Union Fire
Insurance Company were sold at the Of
fering of 7. and 100 more were offered at
the same price. They were not taken. The
bid for the stock was Ga and the asking
price IA.