Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-18
LOCAL FINANCIAL NEWS.

An unusual amount of railroad bulidlng
is in contemplation. according to plans
which have been announced. The Railway
Age outlines projects for fifteen new rail-
ways varying in length from ten to one
hundred miles Also. the same authority
states that nine branches for existing lines
are under survey.
Mr.. George o. Watson. the paying teller
OF the National Capital Bank. has been
chosen treasurer of the Union Savings
Bank to fill the vacancy caused by the
resignation of MIR. D. Fulton Harris. who
has made arrangements to go into the real
estate business.
The securities of the gas company did not
take prominent place in the trading at
today's meeting of the stock exchange. The
demand which came in evidence some time
ago for the certificates seems to have died
down.
The transactions in the certificates were
confined to the sale of a $1,000 certificate at
122X, and then the bid was 122A and the
asking price 123, which were the quotations
of yesterday.
There was no bid or offering of the GER
tifcates. series A and B. and as was the
case yesterday, no quotations appear in the
list opposite these securities. A broker
stated he had a $500 certificate, series b.
which he would sell for rs. but no bid was
quotation lot AS stated. there was none
offered formally for sale.
There was limited trading in the stock #
the company. the aggregate of the sales
reaching It's shares. The best bid made at
the outset was 66. while the closing bid
yesterday was 661s A sale was made on
that level, and then the stock was to be
had at &C. A bid of G5a resulted in the
sale of another lot and then the stock was
offered for sale at that figure, and three
twenty-five-share lots were taken.
There was no more to be had at that
figure ano the bid advanced to 66A, while
the asking price was eighth higher.
There was some trading done in Amcri-
can National Bank stock, which did rot
require large amount of stock. However.
the stock sold from ia to ITO. and the lat
ter was bid at the close and III was asked.
An advance of a quarter of point was
made in the bid for the stock of the Poto-
mac Fire Insurance Company-from 20 to
20A There was no stock offered for sale.
An offer was made to buy or sell one hun
dred shares CT National Union Fire 1nsur-
ance Company stock at rs. which was not
accepted. That was the bid for the stock
and IL was asked.
Lanston sold on higher level than was
the case yesterday. The first sale was at
To- and then a bid of 14M was made for
one thousand shares. The bid for one hun
bred shares advanced to ID. and subse-
auently that was bid for large blocks.
Sales were made at los. and the stock
was to be had on that level and 10 was bid
At the close the asking price was 1JA,
after a sale on that level. A bid of los
was made for one thousand shares.
There was some trading done in Capital
Traction stock. Sales were made at 1434.
and fra ctional lots at 144. with the latter
still offered at that figure.
Further sales were made at 143ss. and one
at 1431s The bid was then 1887 and the
asking price 143s. Less than $50 shares
were dealt in. Yesterday 1875 was bid ana
IA was asked.
There was practically nothing done in the
preferred stock of the Washington Rail-
way and Electric Co. A sale of fifty shares
was made at 3412, and the stock was stu
to be had al that figure; 94as was bid
aggregate of over 400 shares and trading
was on a lower level than was the case yes
terday The first sale of a couple OF lots at
3Ik marked the highest point, and sales at
361b was the lowest point reached until after
call. when ore five hundred share lot sold
for 3G%.
A number of options were sold at 36A
when the stock was to be had at 1862. Inc
stock was offered in large and small lots at
3G1s. and was still to be had at that price
at the close. The bid then was 36as.