Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-09

The work OF removing the old building at
the northeast corner OF 14th and U streets
northwest IL to be begun this week. On
this site II to be erected building by the
recently organized savings bank. which
takes Its name from the location. and Ii to
be known as the Fourteenth and u Streets
Savings Bank.
1t is probable that the capital stock will
be fixed at $20O,Oe0 instead OF $780, 600. which
is the usual amount Of capitalization Tor
institutions In this city OF that character.
The organisation OF the bank, as far az
the officers and directors are concerned. has
not as yet been completed. 1t Is expected
that these details will be decided upon IN
plenty of time before the date fixed for be-
ginning business. The latter will be about
thea first of the year, by which time It -
expected the building win be completed.
In the meantime Mr.. T. w. Stubbleneid.
who bought the property and has develop
ed the enterprise this far, will continue his
active interest. It is not known who Will
be the president Of the bank.
An order has been given for the vault
which Is to be placed In the building pur
chased by the newly organized bank-the
City National Bank. The payments on the
stock, which has been subscribed. are being
made and as soon as possession can be had
of the American Security and Trust Co.
building. which may be as early as the
will open its doors for business.
These are impressive figures when the
representative character of the National
Bankers Association. which meets in this
city tomorrow, Is stated in dollars. Ac-
cording to the best estimates the association
represents banking resources OF over eleven
billions OF dollars, which Is double that OF
the banking power of the United Kingdom.
There was nothing done in the bond list at
today's meeting of the stock exchange ex-
cept the sale of some Washington Railway
and Electric Company's bonds at ON. More
could have been had at the same figure.
One lot Of Capital Traction stock sold for
1881. and there was still stock for sale at
that price. but the bid did not go beyond 146
The bid for the preferred stock of the
Washington Railway and Electric Company
ran up to 92N. which was slightly better
than the closing bid on Saturday. The stock
was to be had at 931h.
= An option was offered at 931a and the best
bid for fractional lots ran up to 92&. With
the exception of the sale of fifteen shares at
SO nothing was done.
There was plenty Of the common stock
for sale and on lower level than was the
case Saturday. The range OF prices was
from 49, to AN. 40
One lot Of 500 shares was sold Tor As.
and the seller at once offered a similar lot
at the same price The best bid was AZ ".
Large blocks were offered at 42A, and two
or three quotation lots were taken.
There was no limit named to the amount
of stock that was for sale at this level
but there were no buyers, and hrfuly the
broker who had been the principal sei!er
offered 1000 shares at 42A. The DID Tor
fifty shares at the close was AZ V, and the
asking price, 42%
jump of ten points in the bid for the
stock of the American Security and Trust
Company has become a not uncommon oc-
currence. On Saturday the bid was 20 ana
today it was 2S6A. The lowest asking price
was 293 There was some mention OF fifty
shares being for sale for about 300, but
that was withdrawn, and at the close rem
shares were all that were offered, the price
being 295.
There was no limit named to the amount
pany stock while Union Trust stock was
for sale at 144 which was the bid price
on Saturday. Today the bid was 1431s
Some twenty shares of Metropolitan Citi-
zens' Bank stock sold for 3oS, and there
was stock still for sale at that price. The
best bid was 3527s At the close the bid
was 353 and 375 was asked.
Gas stock sold on range of from 61A
to 61A and noptiOn on one hundred
shares for 81. The bid then for one hun
dred shares was 6O7s. and for the stock 81
Che latter was to be had for GIN.
There was nothing done either in Lanston
or In Mergenthaler, and the changes made
in the quotations were without consequence
Today's Government Receipts.
National bank notes received today for
redemption, Sos, 1852. Government receipts:
From internal revenue, 81 ,s4s, $50; customs,
s716.550; miscellaneous, ss7.4T4. Expendi-