Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-22
LOCAL FINANCIAL NEWS.

There were directors meetings committee
meetings and conferences of all sorts going
on at the meeting today OF the stock ex-
change. The interest In the call was APP
parently only nominal. and the amount of
the trading done reflected somewhat this
disposition Of the brokers.
Lanston. however. was the most active on
the list. and while the aggregate Of the
safes did not reach the total that has been
recorded for. several days past. q noticeable
advance was made in the price.
In fact. the ascent was made with such
rapidtty and ease that one Of the brokers,
with recollections Of the race track, was
led to remark with pointed brevity: Effect
OF Palmer's oats"
The trading started with q bid of 10 and
then quarter was added. and the offer of
yesterday was renewed to pay that price
for thousand shares, such bid being the
collection of the whole number OF bids for
lOO-share lots at that figure. 1t was not
taken, and then the advance was continued
an eighth Of point at q time, until 10 7-S
was reached.
For the first time since the stock was
called was any offered for sale. and then
100 shares were to be had at IL. A buyer
promptly appeared and three similar lots
were taken on the same level.
A bid of IGN was made for LOCO shares.
but without result. The stock was still to
be had at II. and 1875 was bid. An option
was sold at II.
Some surprise was expressed at the squirt
in Union Trust Company stock. as the bid
advanced from 127, which was the bid Of
yesterday to 1285k.
The president of the company, Mr.. Stell-
wagon. was asked in stock exchange style
what melon was going to be cut. and he re-
piled In the same spirit that he was not
aware that the fruit mentioned was about
to be handed around In hia ho
der. however. evidently thought better OF
1t, for the bid was Withdrawn and 12I was
put in It's place. The asking price was
100.
An advance In the bid for Metropolitan
Citizens Bank stock from 331 to 1913 was
without result. as there was no offering less
than $50.
The biggest jump in the figures In the
bank list occurred in the case of Ameri-
can National Bank stock. Yesterday 1873
was bid. Today the bid was 1914. The
stock was offered at first at 100. and then
did not come any nearer.
According to the gossip that prevailed
the directors had decided to declare a
semf-annua1 dividend of per cent pay
able July 1. It Is stated however by the
bank officials that this Is a mistake, and
that no dividend has been declared.
All the sales of the preferred stock of the
pany, aggregating 800 shares, were at 90h.
This was the bid for any part of 1000
shares. An option was offered at 81. The
bid was withdrawn and 90N was subsu-
tuted. There was no stock offered for sale.
A bid Of 35 for 5000 of the common stock
was made, but 1t elected response, al
though one or two Of the brokers thought
they heard something Of that nature, but
could not determine precisely what it was.
At any rate the broker making the bid
withdrew it, and trading resumed its nor
NAL course. The stock was then offered
for sale at 3d. and BAN was bid. An option
was to be had at 35A.
fifty-five-share lot and several fraction
al lots were sold at 35, and the stock was
still for sale at that price. The bid how
ever did not go beyond 34ss for fifty shares.
Finally an offer was made to buy Or to
sell at IS. but without result. At the close
S5Ss was bid and IS was asked
Quite block of the Washington Railway
and Electric bonds were taken at 50 and
at S9lS. The latter continued to be bid, but
S9M was the price.
Capital Traction stock sold to the extent
Of sixty-five shares on range from 14SZ
to 1885. The stock was to be had at IA
and 1431s was bid. The former was with
drawn and 144h was substituted