Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-30
LOCAL FINANCIAL NEWS.

At meeting held yesterday of the coun-
Gil of administration of the washington
Bankers Association, the following were
appointed an executive committee to have
charge of the arrangements for the con-
vention of the American Bankers Associa-
tion which is to be held in this city the
early part of next October: John Joy Ed
son, C. ]. Bell. 8. Thomas Brown. Geo. w.
Brown. W. V. Cox. A. F. Fox. c. c.
Glover. r. N. Harper. Geo. w. Henning.
Jno. Z. Herrell, w. B. Hibbs 7. r. Jones.
William A. Mearns. C. F. Norment. James
j.. Norris. F.. s. Parker, Albion X. Paris,
F. II. Smith. B. F. Saul. E. j. Stellwagen.
F. c. Stevens. o. G. Staples, J. S. TAFT and
j. 3. Wilson.
The stock of the Merchants and Me-
chanics' Savings Bank has been listed in the
washington stock exchange.
The hand book of washington securities
prepared by Thomas l.. Hume and Eugene
E. Thompson has Just been distributed and
from the comments of those competent to
express judgment, it may be regarded
as the most complete and satisfactory man.
ual on the subject that has ever been is
sued. Some of the features of this work
which are specially commended. In addi-
ton to the very full account which is given
or the condition and resources of the va
rlous corporations. is map of the District
showing the various street railroad lines;
tables giving comparative statement OF
the condition of the fire insurance som-
panies for the years 1902, 1903 and 1904, and
for ten years from 1891 to 1901, and tables
giving for each month of the years 1900 to
1903 the amount Of shares or bonds traded
in of the various securities and the high
and low prices for each month.
The common stock of the Washington
Railway and Electric Company sold yester-
day In quotation lots at SO. Today the
n cha Y,rin 10 a 6y-Df n q
of point and a half was the greatest that
has been made in any one day since the
recent rise began.
1t was accomplished very easily and
smoothly, and altogether the amount of
stock dealt in was about $50 shares.
The bid started on the basis of the clos
ing figures of yesterday, namely. 3oA. ran
ur to 3o1s and then an offering was made
of the stock at 49, which was promptly
taken.
The supply at that price was two fifty
share lots, and then an eighth advance was
asked and secured. and then another elghsh.
The bid was then S6t4. and the stock was
to be had at 361a. A couple Of Gfty-share
lots sold at that level There was no more
for sale at that price. and the bid advanced
steadily, and then an offering was made at
81, and a fifty-share lot was secured st
that level. An unlimited bid Of 81 was
made for the stock. Fifty and 1O0-share
lots were taken at prices from 371s to 371a.
n .Dlu "a ot12 was Iildue lOT b plNCh VI
$500 shares. Al the close the bid was 31K
and 371a was asked.
In the. case of LanSton prices ruled some
what higher than was the case yesterday,
when sales were made at 1873. Today a
100-share lot sold for 15a4 and a 5O-share
lot for 151z These two lots comprised the
entire trading
An option was offered at 15s. and 151a
was bid for any part of five hundred shares.
There seemed to be quite good demand
for the stock on range from Is to 15ss.
An advance was made in the bidding to
1875 and then to 15a. The stock was for
sale at 16.
Mergenthaler was offered at 1851 and 1856
was bid. There was no trading. and appar-
entity no inclination to trade.
A couple of observation-disclosures lots of gas
sold for .597sp which seemed to exhaust the
supply at that price. There was stock to
be had at GO. and the best bid was 597s. One
hundred shares were offered for 90, and 59I.
was bid for such lot
The clearings at the Washington clearing
house for the month ending today were
S23. 049. 4SO9I. an increase of S4.477 $50 30
over the corresponding month last year.