Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-21
LOCAL FINANCIAL NEWS.

ing of the stock exchange began on the
same level as that of the closing bid Of
yesterday. which was II. There was no
stock for sale at that price. and as It was
wanted apparently. the bid was advanced
to HIS and then to I'm. At the latter
figure a sale was made.
Then the stock was offered for sale at II
by broker who has been a large buyer,
and couple Of lots were taken. An option
on 100 shares was offered at 17A. but with
out result. Then bid OF 1914 secured some
more, and another lot went an eighth
lower.
There was a continuation OF the bid, but
on sliding case downward, and a
couple of 1O0-share lots went for 1871. Then
the stock was freely offered at 1914 IN
any quantity from 100 shares to 5000
shares. The bid, however. did not advance
beyond 1855. and that bid came from a num-
Der Of brokers. Finally the broker who
had been doing most of the selling and had
the stock on the floor at 1914 announced
that he would supply all the bidders at 16ss.
When heads were counted it was found
that a round lot of 500 shares had been dis
posed Of
Or as a broker facetiously expressed 1t:
Five suckers one line The bid was
then 1914, and that also came from so many
brokers that another roundup was MADE
and it was found that there were seven bids
for 1O0-share lots at 1914. Mr.. Hibbs added
the additional 800 shares on his own ac-
count and then made that bid for LOCO
shares.
But the seller declined to consider the Of
fer and stuck out for his price, 1871, but
finally agreed to let 1000-share lot go for
1873. But the syndicate of bidders did not
come up and the trading ceased, with IGN
bid and 167s asked But one option was
sold. and that was near the close, when the
stock was bought for 1853 and an option was
sold for 1917.
Some f.200 shares comprised the aggre-
gate of the sales. AS compared with the
lowest selling price of yesterday. which
was 17as, the stock sold point lower.
The revival of interest which has mark
ed the trading in Lanston for several
days past is generally attributed to the
action of the government printer in or
dering seventy-two new machines for the
composing room of the government print
ing office. When these are installed there
will be a total of 100 monotypes in use In
that great establishment. The moral eff
feet Of this action is looked upon as OF
greater advantage to the interests OF the
company than the profit which Will come
as the result of the sale Of the machines.
The dealing in Mergenthaler reached 200
shares but that included one 1O0-share lot
which was bought for 1855. The balance
was sold on a range of prices from 1S0
to 1857. AT the close the bid was 1851
and the asking price 1855. Yesterday the
bid was 1854 and the asking price 1851.
There was not much done in the street
railway securities. Several odd lots of Cap
ital Traction sold on range OF 142B to
IA, and at the close 14351 was bid and 144h
was asked.
The bid for the preferred stock of the
Washington Railway and Electric Company
advanced from S91a. which was yesterdays
bid to 9OA. but there was no stock for
sale less than 92k After call, however, two
ffty-share lots sold for 9OA.
A couple Of hundred shares of the COM
mon stock sold for BAN and an option for
34A, and at the close 341a was bid and IS
was asked
The bid for National Safe stock was 189,
and the stock was to be had at 100, and
that was withdrawn and 191 was substi-
tuted.
Three ten-share lots of Union Trust stock
sold after call for 127h. During the call
127 was bid and 1913 was asked.
The prices for Norfolk and Washington
Steamboat Companys per cent bonds adj
vanced as compared with yesterdays fig
ures, but there was no trading and but
little disposition manifested to trade The
bid advanced from 1851, which was yester-
days bid, to 100, and the asking price was
1922.
Mr.. John Joy Edison, the president of the
Washington Bankers Association, has gone
to New York, where he will confer with
the officers of the American Bankers Asso-
citation. The latter is to hold its annual
meeting in this city next October and Mr..
Edison and the other members of the local
convention intend that the three thousand
or more delegates that are expected will
have the time of their lives on that oc-
casion.