Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-24
LOCAL r1NANc1AL NEWS.

II Is stated that the directors OF the
American National Bank have under con-
alteration tho advisabIlity Of declaring
dividend on the stock of the bank. and that
practically a decision has been reached in
favor of such action.
The proposed dividend will be an annual
one of six per cent, payable quarterly. to
begin on the 1st of January next. The bank
will then be little over two and half
year old. In that period q surplus has been
accumulated which is over twenty-five per
cent of the capital stock OF half a million
of dollars
About the same time. 1t is stated, the
Commercial National Bank which has just
completed the first year OF It's business
career, will also declare dividend or SIX
per cent upon its capital stock. which Is
half million Of dollars.
There Is some talk of changes In the per-
sonnet Of the officers of the Traders Ma
tional Bank, but the exact scope and char
acter has not as yet been definitely deter
mined. or at least has not been announced.
Apparently all the gas stock that was for
sale at today's meeting Of the stock ex-
change. at least during the call. was taken
at 60. and more was wanted at the same
price. However, it could be had at an ad-
vance of an eighth. but buyers did not want
to pay that much.
A great quantity of the stock, and In large
blocks was wanted at 90 and half a point
higher would have been given for hun
dred-share lot. Such q lot was offered at
60A. The purchase of five twenty hve-share
lots at 60 served to clear up what was ap-
parently available at that price.
After CALL however, there were several
lots, amounting to seventy-five shares In ALL
that were disposed of at the same figure.
and one lot went for an eighth less.
The preferred stock Of the Washington
Railway and Electric Company sold as high
as 93h. which is the best late record made
In this security. An option was sold for
"a and that was the figure paid for several
fractional lots. At the close the bid was
93A and the asking price "a.
The amount of the trading was not large
This latter was also the case with the
common stock. 1t sold for 43a and 43A and
at the close the bid was 43 and the asking
price one-ei2hth of point in advance. The
figures show q slight recession from some
OF the values paid in the sales made yes
terday.
There was a good deal Of trading in the
bonds and better prices were paid. During
the call the market was pretty well cleaned
out Of these securities at ON and after
call there were some large blocks dealt In
al 81 and Y0zs -;
A couple of fvc-share lots of Washington
Loan and Trust Company stock sold for
213 with the dividend.
Ten shares of Union. Trust Company stock
sold for las and the stock was still for sale
at an advance of quarter, with the bid
at 145
An offer was made to buy or sell the
stock of the Metropolitan Citizens Bank
for 800, which was not taken
The asking price of Riggs Bank stock
fell 10 646, but there was no better bid
than $40.
The trading In Mergenthaler was confined
to ten shares and some odd lots. For the
former 1891 was paid.
The telephone calls at the meeting to-
day were answered by Mr.. j. 7. Hendrick,
who performed the usual stunt required by
custom of new members. who are expect
ed to telephone, duty that usually falls
to the one who happens to sit nea rest the
booth.
Mr.. Hendrfck has the distinction of own
ing the most expensive seat on the exchange
with the one exception.
Mr.. Stlson Hutchins was also present for
the first time since the summer vacation.
He is looking well and Is said to have got
ten out Of the invalid class.