Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-23
Grain, Provisions and Cotton Markets.
LOCAL FINANCIAL NEWS.

A mortgage was placed on record yes
terday in the office of the recorder of deeds
by the Washington, Alexandria and Mount
Vernon Railway Company, conveying the
entire property of the company to secure
an issue of bonds not to exceed s.. 100000
The bonds are to run fifty years, and
are to pay per cent interest. A real estate
trust company of Philadelphia is named as
the holder of the trust.
The supposition here is that the control
of their company Is still in the Pennsylva-
MIA Railroad Company. The proceeds Of
the bonds are to be used in making the
contemplated improvements on the road.
According to the statement given out
arrangements are to be made between the
company that is now being organized u
operate ferry between this city and Alex
andria and the Washington Railway and
Electric Company. 1t is stated that tickets
are to be sold that will be good for pass
age on the ferry and also on the lines of
this street railway system.
1t is supposed by some that in order to
meet this competition the Alexandra liiec-
trio Railway Company. which lands its
passengers In this city at Pennsylvania
avenue and 18th street will endeavor TO
make some agreement with the CAPITAL
Traction Company, so that passengers by
its route can enjoy equal facilities as those
that are designed to be extended to the
users of the ferry.
The directors of the Metropolitan Citi-
zens' Bank have decided to make the
semi-annual dividend due next month, s
per cent.
There was some activity In the bond list
at tOday's meeting of the stock exchange
and the prices paid were on a higher level.
Twenty-Five hundred dollars worth of CO.
lumbia Railway per cent bonds were pur-
chased for III, and for three of the
per cent bonds of this company, aggre-
eating s.. 500. 1922 was paid. The bid was
~
more to be had less than 10.
The bid for gas certificates advanced to
1928. the highest point yet reached. but
there We're none offered less than 1227s.
For Potomac Electric Light per cent
bonds the bid rose to 106 and on that level
two lots aggregating 5000 were sold. The
bid then receded to 10512 and l0T was asked.
After call lot of 1000 was taken at Jog.
At the same period two 81 600 lots of Met
ropolitan Railway fives sold for l2O.
The preferred stock of the Washington
Railway and Electric Company sold at 1914.
G3Ia and 93% to the extent of five fifty-share
lots. An option on one hundred shares was
offered at 94M and the bid was 93ss.
A bid of 90 was made for two 500 share
lots which was not taken. For the stock at
the close 9312 was bid and 81 was asked.
The dealings in the common stock were
still more limited. the aggregate In quo
tation lots only reached three fifty-share
lots. The stock was offered at 81, and then
at 34B. The bid was 34a. Both were with
drawn, and 351s was asked and 34Js was bid
The bid for 100 shares of National Union
Fire Insurance Compsny's stock advanced
to ia and a block of that size was offered
at az, but without result. At the close the
bid was 1k and the asking price s. -.
Fifteen shares of Mergenthaier at 1854
constituted the entire trading in that stock,
and then the stock was TO be had an
eighth lower and finally it was Altered for
1854. The bid did not go beyond 1874 A
block of one hundred shares was offered
for 1885.
Lanston sold for 1878 and it was still to
be had on that level The bid was 15Ss.