Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-13
LOCAL FINANCIAL NEWS.

Another seat on the Washington stock
exchange has been sold at the record price
of 10000. Mr.. w. W. Burdette has agreed
to sell his seat at that figure to Mr.. ].
Thiiman Hendrick the manager in this
city of the Manhattan Life Insurance Com
pany.
Mr.. Hendrick is young man. and 1t Is
believed that his coming in WIN add to the
number Of what are called active traders.
The members OF the exchange naturally
regret to part with Mr.. Burdette. who has
been associated with them for number of
years past. His health Is not very good at
present and IT Is the sincere wish of his
associates that he will soon be we'll and
strong again.
Ten shares of the stock Of the American
Security and Trust Company today at the
meeting OF the stock exchange sold twenty
points above the best record heretofore
made in the history of this security. There
were sixty shares all told that were sold,
and one broker had them. and they were
bought by broker who wanted more and
was willing to go ahead Of the bid price OF
yesterday. which then reached the high
water mark at 1876.
The closing bid was one point higher. and
that was the figure recorded in the place re-
served for this stock on the board. The
asking price of the stock was then 29O but
no further attempt was made to find out
how much there was to be had at that price.
The bid of 2S5 was made for ten shares.
and also 2S21a for fifty shares, and both
were accepted by the broker. who had the
stock for sale. The seller made no further
Offering. and that was done by some one
else. After the sales the bid was renewed
by the buyer on the same level as that Of
yesterday. and finding that was without re-
suit an advance of point was made.
There was rumor about today that a
sale of 100 shares of the stock was made
off OF the board yesterday. and that the
price paid was 800 but there was no con-
firmation Of the statement.
Union Trust stock was also somewhat
stronger than was the case yesterday, and
while the stock has sold at higher figure
yet the price paid today for thirty shares
was 144A. Yesterday the asking price was
IA. After the sale of the stock the bid
was 144ls. and the asking price an eighth
higher.
No trading was done In the bank stocks.
although changes were made in the figures
in some cases, yet they were without sig
nifcance. The exception in this list in re-
gard to activity was the sale OF two five
share lots Of American National Bank stock
for which 1915 and 1872 was paid. The
~,
best bid was 1S1A.
Gas stock was offered today without the
quarterly dividend of 80 cents per share.
The prices. therefore as compared with
those recorded yesterday. showed about
this difference. The bid did not rise higher
than 60 and the asking price was 602.
In comparison with the usual volume Of
trading in the preferred stock of the Wash
ington Railway and Electric Company
there was but little done. Only two fifty
share lots were bought, the prices being
92% and 90 IS, while some hundred shares
in fractional lots sold on a range Of from
93A to 927s. There were large offerings
of the stock at 90, and later on quotation
lots could be had at 92A but the best bid
was 921s.
There was more done in the common
stock as the total sales reached over four
hundred shares. The scale of prices was
an ascending one, and ranged from 421s to
1915. At the close the stock was to be had
at 431s and the bid was 43.
Greene Copper brought better prices to-
day than usual, and three one-hundred-
share lots sold for 27as, and that was the
price paid also for fifty shares
Lanston sold to the extent of two one
hundred-share lots for 1914.