Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-16
suGAR-stronx: coarse sranul.,.a. eIS; One,
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Drain, Provision. and Cotton Market.
LOCAL FINANCIAL NEWS.

FOR a time 1t seemed likely there would
DC no trading at today's meeting of the
STOCK exchange. and even as IL turned out
'here was not great deal. But when some
Vi tne most active securities. such as those
OF washington Railway and Electric and
the capital Traction were passed over with
out hardly a single deal the prospect an
peared TO be rather slim for a full record
There was no change in this particular
when the bank list was reached and about
the only thing of interest that developed
IN this connection was the announcement
made through President Hibbs. that the
Farmers and Mechanics Bank had declared
an extra dividend of per cent. The total
dividend for the present year will be l.
per cent on the capital stock of 500. 600
No change was made in the bid for the
stock. as the extra dividend is payable only
to stockholders of record today. There was
no stock for sale. which has been the case
for some time past. The bid was 300.
An advance was made in the bid for
Metropolitan-Citizens' Bank stock from 3is
to 3i9 The asking price of 315 remained
unchanged.
The bid for Riggs Bank stock also ad-
was 700.
After call thirty-five shares of American
National Bank stock sold for l7o.
A demand for the stock of the Metropoli-
tan Fire Insurance Company was again ap-
parent today and resulted In a somewhat
better bid for the stock. For - shares
the bid advanced from 81 of Yesterday TO
81. The lowest Offering was 9S. Another
broker was willing to give 50 for - shares
Inc bid and asking price was withdrawn
and the quotation of yesterday was renew
ed. namely 81 bid and 100 asked
1t is understood that the apparept in
terest in this security. which has cropped
out at intervals on several occasions re-
Gently. is attributed to the fact that some
inquiries have been made relative to the
terms upon which control of the stock
could be secured. Beyond such inquiries.
it is stated nothing has been done. 1t is
not known for what purpose the informa
ton was sought, why the control of the
company was desired.
Practically the entire trading of the day
confined to gas stock and the aggre-
gate was not large one. 1t had the eff
feet, however. of clearing the market OF
all stock that was to be had at and below
6S so that at the close there was no stock
offered for less than 6Sk. The bid was
then CTS. The sales made were at 6TA
and 81 u.
A couple of 10O-share lots of Lanston
sold for 15h, and then that was the bid
for the stock in any amounts; The bid
advanced, and sale was made at 15&.
and then the bid was 1855. Ninety shares
were offered for 1874, but there was no
other stock to be had at less than IT,
Ten shares of Capital Traction stock
were for sale at 146k. but the best bid
was 145. For twenty shares 145 was bid
and 1461s asked.
The preferred stock of the Washington
Railway and Electric Company was Of
fered as low as 931s. while the bid was
93&4. These figures were withdrawn, and
at the close 93 - was bid and "a asked.
A sale of the comomn stock was made
at 34A. and the bid was then BAN for
the stock in large and small Quantities
There was no stock for sale at less than
30, and at the close "a " was bid.