Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-06
LOCAL FINANCIAL NEWS.

Mr.. B. II. Warner said, in speaking OF the
proposed organization OF new trust COM
pany. that 1t had been deferred until fall.
that subscriptions to nearly half the stock
had been secured, but that at present no
action would be taken
The resignation Of Il. B. Tustin as treas
urer OF the Greene Consolidated Copper
Company was accepted by a unanimous
vote at the special directors meeting which
was held yesterday IN New York city. Al
fred Romer. former president of the pro-
duce exchange, was chosen to I'LL the va
cancy.
j. B. Showalter of this city and ex-Gov.
U. A. Woodbury. of Burlington. VT, were
elected to succeed Philip Berolzheimer and
Henry Cllesheimer rs directors Of the
Green Consolidated Gold Company. Reso-
lutions were adopted at the directors meet
ing of the latter company expressing the
fullest confidence In Col. Greenes ability
and integrity.
At the meeting of the directors of the
Greene Consolidated Gold Company Col.
Myron M. Parker, w. e. d. Stokes and M
L. Sperry were appointed committee of
investigation. President Greene read the
report of the mining engineers and Mexican
officials on, the placer property; and the
was decided to defer the ordering OF div
idend for the Greene Gold Company until
some day next week, as some or the d.
rectors now on vacations wish to be pres
ent at the meeting. The gold company
adopted resolutions indorsing Col. Greene's
management of the company.
There Is some inquiry for seats in the
exchange. One Of the members recently
was practically offered 10000 for his mem
bership. Seven years ago he paid $500 Tor
It, and the profit he would make In case ne
accepted the offer is very attractive.
He is now considering the ACCESSIBILITY of
taking this profit. with the view of taking
the chance of buying another seat later on
a. a lower figure. The price paid In the last
transaction of the sort was $1,000, which
was only a few weeks ago.
A meeting of the executive committee ap-
pointed by the Bankers Association OF
Washington, and composed of the presi-
dents of all the organizations belonging 10
the association, will be held this afternoon
at the office of the Washington Loan and
Trust Company. At that meeting the plans
for entertaining the delegates to the Amer
lean Bankers Association. who are to be
here In October. will be considered
There was some trading done in street
railway bonds at today's meeting of the
stock exchange. Four thousand dollars OF
Capital Traction bonds sold for 1O8 and
1OSA, and then the bid was 1857 and 1OSes
was asked.
The bonds of the Washington Railway
and Electric Company to the extent OF
81 geo. sold on a range from 90m to 9O1a and
then the bid was 901s and 81 was asked. A
willingness was expressed to take large
blocks at the bid price. Yesterday 89A was
bid, 901s was asked
An advance was made in the bid for tele
phone bonds from 105A. which was yes
terday's bid. to 1855. The bonds were Of
fered at 1861.
couple of twenty-share lots of Capital
Traction stock sold for 144A and 144k and
then the bid was 144A and 144as was asked.
Yesterday the bid was LA and 144R was
asked.
The upward tendency that was noticed in
the above securities continued in the
case of the preferred stock of the Wash
ington Railway and Electric Company. A
fifty-sl1are lot sold for 9OA and then the
bid was 9O1A and 9OA was asked Yester-
day the bid was 90 and 81 was asked.
There was none of the common stock
for sale at 371a. Such bid was made, but
without result. Subsequently that was bid
for 800 shares, and similar block was Of
fered at 37A by broker who said he
wanted to make trade. At the close the
stock was offered at 37A and 1864 was bid.
There was no change in the figures in the
case either of Mergenthaler or of Lanston.
No sales were made of the former and 100
shares of the latter sold for 16A.
A broker remarked, at the close of the
trading in Lanston that by the joint action
of several brokers the prices We're held at
the same notch as was reached yesterday.