Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-18
LOCAL FINANCIAL NEWS.

Speculative and the Industrial situation
Is practically Hstless." Is the statement of
the financial condition as described in July
of last year. The Industrial decline con-
tinues." is stated. but 1t is not gen
orally believed that 1t will eliminate in a
crisis
The presidential election was then pend
Ing and weak spots were recognized in the
ir duStries and In che security market.
This year. however, there is an abundance
of money. the outlook of the crops Is prom
ls'ng and there are no striking causes OF
disturbance or uneasness. Locally the con-
ditions are of the very best. Business in
real estate and with the financial iDstitu-
tons continues in volume that is unusual
for month in mid summer.
instead of decrease in the deposits in
financial institutions which Is usually ex-
pected at this time of the year owing to
the Withdrawals due to the vacation period
II Is the general experience that there has
Deen an increase and one, too that Is by
no means small Money continues to be
plentiful and what is more surprising. there
Is demand for It, Altogether the July
business thus far promises to reach pro-
portions that VIII be very unusual.
Although 1t was Just as warm in the
meeting place of the stock exchange today.
as was the case yesterday, the trading did
not reach the same volume. 1t may be coa-
tended therefore that the activity of yester-
day was not due to the weather
iic"cNti, Tue IeNei reached t1en In prices
was maintained and in some instances
further advance was made
Capital Traction stock sold at 14s. which
was the price paid for the bulk of the stock
sold yesterday. There were only four los
at that figure, making sixty shares In all,
and one lot of fifteen shares brought 1475s.
Stock was for sale at 14S but the bid for
twenty shares did not go beyond 1i1s,, and
for 100 beyond 1i7h
a loo-share lot and also 2oO-share lot.
as well as twenty-share lots. were for sale
at las, but We're not taken.
Several lots of the preferred stock of the
Washington Railway and Electric Co were
for sale at 9012 and they were taken. The
total amount that went at that figure was
40 shares.
The supply. however. of that priced stock
was not exhausted as 1000 shares any
part were offered a GOk. The bid for 30
shares was @2s. Subsequently the Offering
was withdrawn and 901a was bid and the
stock was for sale at eO2s After call a
couple of lots sold for 90@s and 0Os,. An
option on 100 shares was sold at 81. but
there was no further demand for options
The high record of 40 for the common
stock was not only reached but was passed
Inc bid was as high as 4Ota. not only for the
10 SHARES but for larger blocks. There was
no stock sold at that figure and the high
est price reached was 4O1s.
10 attain and hold the 40 mark some COO
shares were bought and then the bid OF 40
vas cot tinued to the close. A couple of
lots were taken an eighth higher and there
was more to be had at the same prices. but
II was not sold. At the close 40 was bid
and 401s was asked.
An option was sold at 4Oas and sIlbse-
quchtiy options were to be had at II.
Nothing was done in Mergenthaler The
bid went no higher than 191 which Is a
quarter OF a point less than that of yester-
day; The offerings were not promptly
made, as If those who had the stock did
not care sell. Finally however II was
oEereo at l3 and then there seemed to be
disposition to meet the bidder as the
asking price was brought down to 1872
Ihere was no further progress in that d.
rection and the prospective BUYERS did not
advance the bid and so the stock was
passed.
Lanston sold to the extent of six hundred
shares from 144s to Il. The downward
movement, which acquired considerable
headway yesterday, was checked and 1t
was turned in the other direction
A. one time the bid reached 14Is but tbera
seemed to be a good deal of stock at that
price and so it fell to 14A, where # re-
manned at the close. The asking price
was Is.
The highest price ever paid for the stock
of the Union Trust Company was given to-
day. when ten shares were offered at l3o
after bid of 131 had been made The
of l3l was repeated. The asking price was
then 135.
Changes were made in some of the figures
IN the bank stock list A bid of 34J was
made for Metropolitan Citizens Bank stock
taking the place of 3421a. which was yester-
days bid. The asking price of 80 remained
the same.
Three hundred and thfrty-seven was hid
for Farmers and Mechanics Bank stock
instead of 335 which was recorded yester-
day. bid of $40 was made for two shares
There was no stock offered for sale
A better price was bid for the stock of the
Potomac Fire insurance Company. Twenty
three was what was bid, but there was no
stock for sale less than 2515
The per cent bonds of the telephone
company brought higher figure than usu-
al, as 1861 was paid for $1,000
A similar lot of the bonds of the Wash
lngton Railway and Electric Company sold
for 9lA. which was the selling price YES
terday.