Evening star., 1905-05-11
LOCAL FINANCIAL NEWS.


ton of the stockholders Of the Central Ma
tional Bank to increase the capital stock
of that institution from $500. 900 to $780, 600
calls attention to the increase in the capi-
tai employed in banking in this city. Dur
ing the past five years, including this pro-
posed addition. the capital Of the national
banks and trust companies of the District
has been enlarged to the extent of $4,139.-
200. There has also been a notable In
crease in the number Of savings banks dur
ing that period.
The resources Of the two classes OF finan-
cial institutions referred to during the past
five years is shown by the following table:
1899 Il is
In that period two national banks have
been organized and trust company began
business. but owing to mergers. the num-
ber of banks, namely, twelve, remains un-
changed. Tie details of the organizations
and reorganizations which resulted in the
addition to the capital stock are as follows:
American Security and Trust Company.
capital increased from 81. 10000 to $3.-
0OO.OO0; Union Trust Company began busi-
ness early in 1900 with capital of ST.
x2O0OO; West End Bank, with capital OF
S2oooOO, was merged with teh Citizens
capital 100000, and the capital was made
$oOO,OOO. A merger was affected between
the Citizens. capital $4,000 and the Met
ropolitan, capital, $4,000, and the capital
of the enlarged institution was $4,000;
American Bank was organized with capi-
tai of $250,OO0, since increased to $500, GOO;
the Commercial Bank was organized with a
capital of 100000, since increased to $0O,-
600; Riggs Bank, capital was increased from
$oOO,OOO to $1,0OO.0OO
OF the twelve national banks. counting
five han n1yc hay init a n
half million or more.
Trading in the securities on the bond
list proved to have some attention at to-
days meeting of the exchange. A good
number of Washington Railway and Elec-
tric bonds were bought and 80 was the
uniform price. The demand seemed to be
satisfied with the purchase of some $11 900.
and although the offerings continued at
30 and then at S9H, the trading eased. The
bid then was S9A
Bonds. OF the Anacostia and Potomac
Railway Company sold to the extent Of
$4,000 on range Of 104B to 105b. At the
close the bid was 105h and 105A was
asked. Yesterday the bid was 1O5 and
none offered.
Gas certificates were offered without the
semi-annual interest and the best bid was
l19A and the asking price 100.
A certificate of 500 of series B was Of
105A.
Three twentyshare lots of Capital Trac-
tion stock sold for 142k. The bid for an
option was 143. For the stock or twenty
shares 142k was bid and 142N was offered
At the outset the preferred stock of the
Washington Railway and Electric Com
pany seemed to be destined to make
higher record than has recently prevailed.
No
asking price of yesterday. but that was
withdrawn and the stock was offered at
that figure.
There seemed to be but little inclination
either to buy or sell, and the efforts toward
market as they inclined downward left
the stock on lower level than was the
case yesterday.
aggregate of the sales. including the op-
tions which went at 95 and 04Z The
range of the sales was from 932 to 93A, and
at the close 93H was bid and 93A was
asked Yesterday the figures were 93A bid.
"a asked.
There was no trading in the common stock
until after call. A bid of 36A was made
for an option. and one was offered at 361k.
For the stock SO was bid and 36H was
asked. After the call two fifty-share lots
sold for 36S.
The record of sales in the case of the
stock of the Arlington Fire Insurance Com
pany was a pretty large one for that securi-
ty. The transactions were mainly between
two brokers, who seemed to be disposed to
let each other have the lots which were be-
ing traded in. The prices were from 3Oh
to 29h. At the close 29s was bid and 3OA
was asked.
Mergenthaler sold fairly we'll and on about
the same level as that of yesterday. The