Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-08-07
LOCAL FINANCIAL NEWS.

vernon ana ALEXANDRA EiectFtc RaAWay
Company are not listed on the local ex-
change. and they are not dealt in here.
Since the beginning of the work of the re-
construction of the road, which is now In
progress, there has been an issue of 1,J00.-
coo per cent bonds of an authorized
issue of $25O0,0o0. The bonds were taken
by a syndicate of bankers in Baltimore
and Philadelphia at 1.021a.
The issue of stock is S1.500000. During
the six months ended the Both of June last.
the gross earnings of the company, accord
ing TO published statements, were $121,tV9,
and for the corresponding period OF last
year s119.4I4 The control of the company
is believed to be still held by interests that
are friendly to the Pennsylvania railroad
Company.
Members of the American Bankers Asso-
citation are receiving copies of code edited
by the secretary, James r. Branch, which Is
intended to be an aid in enabling bankers to
communicate quickly with each other. as
well as effecting saving In Telegraph
charges. 1t will also aid In stopping the
circulation of spurious checks. The code, OF
course, contains only the terms employed
by bankers. and is intended to supply q
need which has been apparent for some
time.
An arrangement is about completed by
which an effort will be made to revive Glen
Echo as a pleasure resort. The property
belongs to the Washington Railway ana
Electric Company, or interests in harmony
with that management. The new proprietor
proposes to expend about 100000 IN i'm
provements in the property and In proVid-
ing attractions, and it Is expected that II
these plans are carried out that the place
Will be in readiness for the next season.
1t Is believed that by the time the new
Highway bridge is completed to take the
q
tomac river that there will be several other
electric railroad companies asking to come
over the new bridge into this city besides
the Washington, Alexandria and Mt. Yer
non Company. Several charters were OBJ
tanned a few years ago from the Legislature
of Virginia granting the right to build
electric roads from near the Virginia abut-
ment of the new Highway bridge to differ
ent points in Virginia.
Routes have been surveyed lately, and
several railroad builders and large capital
lists from New York and the west have been
over these routes within the past few days
with the avowed purpose Of building an
electric road through this section of the
country.
The securities listed on the stock ex-
change that are usually active were not in
that class al todayS meeting OF the ex-
change. There was quite demand for the
bonds that are listed, and the offerings
were we'll taken
w
and Electric Company sold to the extent
of $4,000 for 9O5s, and they were still to
be had at that price The bid was then
9O1H
Capital Traction bonds from 1O7 to los. but
there were none for sale. A higher bid for
Columbia railway fives made without
result, and some odd lots Of the Electric
Light debentures and certificates went for
1O4, and there were more to be had at the
same price.
The stock of the Capital Traction Com
pany was for sale at 146 and at times 1t
vas offered quarter of point less, but
the bid did not advance beyond 145h and
did not stay there long, showing that the
buying was not very strong.
The preferred stock of the Washington
Railway and Electric Company was on
about the same basis as on Friday, namely
93A bid and "a asked. Finally it was de-
yeloped that there was stock to be had at
9S$s and number Of lots was taken at
that figure Odd lots sold for 1914 and $685.
The demand at 933s was not equal to the
supply. and the stock was offered an eighth
less; 800 shares were to be had at that
figure with bid Of an eighth less.
But little was done in the common stock
Some odd shares went for 39a4 and the bid
for the stock was 39A and 394 was asked
After sale of five shares of the Wash
ington Loan and Trust Company at 200, the
o.
the intlmation that better price would be
given II there any for sale. The best
offering was 212.
couple of 1O-share lots of Union Trust
Company stock sold on bid of 1851 and the
bid was renewed and when the stock was
offered at 1855 1t was taken. The bid rose
gradually until 1865 was reached, but there
was no stock for sale less than 137. The
closing bid was 1856.
Ten shares of the stock of the MetropoII-
tan Citizens Bank were to be had for 35O1s
and the bid was an eighth less. The offer
ing was withdrawn and SO was the bid, and
the closing figures after an offer to buy or
sell 10 shares at $50 was made without elic-
iting response, were $50 bid and $50 asked
The bid for the stock of the Columbia
Bank was $50, instead Of 235, which was re-
corded on Friday last. NO change was
made In the figures either for the Second or
for the Lincoln, and so there is nothing In
the course of events on the exchange to in
dictate whether 1t is thought that the start
ing of the new bank in the same locality
will have an effect on these institutions.
Twenty-Five shares of Firemen's Insur-
ance Company stock sold for 23 and 100
were offered at the same price and bid
of "a was made, which was not accepted.
Another lot sold for 245s, and then the bid
was 241A. and 24A was asked.
One hundred shares of gas stock were
for sale at 63. The bid for twenty-five
shares was 62A, and 62A was asked. A
sale was made on the bid, but the latter re-
manned unchanged.
Ten shares of Mergenthaler sold for 1871
and then the bid receded to 1891, and the
asking price was a point in advance
Two twenty-five-share lots of telephone
stock sold for 45, and that was still the bid,
with 80 as the asking price.
Lanston sold at 15x, and options were
taken at the same figure The stock was
for sale on that level, and the bid was only
an eighth less.
Today's Government Receipts.
National bank notes received today for
redemption. $1O79. 226; government receipts
from internal revenue, S1,152.27S; customs,
$685. miscellaneous. $104.9 expendi-
lures, $2,OO0OO0
-t =
SCHOOL. 0E n ATT KIMa