Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-03
LOCAL FINANCIAL NEWS.

The funds of the Associated Charities and
the Citizens Relief Committee will be in
creased TO the extent of 500. as the Wash
ington Stock Exchange today voted to give
500 to each of these organiza lions The
matter was called to the attention of the
members during the call by the president.
Mr.. Hibbs, and a prompt and unanimous
response was made to the suggestion. both
as to the contribution and the size of It,.
Capital Traction stock was again one of
the features of the trading. although the
amount of stock traded In did not exceed
40 shares. exclusive of options sold on 200
shares. The prices paid ranged from lI+N
to 144&, and represented the highest point
yet reached in the upward progress which
has been the course of that security for the
past few months. The attainment of the
100 mark, which has been confidently pre-
dicted as the goal, seems to be at the
present time near at hand.
An indication of the belief in this is the
change In the character of the trading
in this stock which has taken place quite
recently, and that Is the buying and selling
of options. The bid for these opportunities
to buy blocks of stock within sixty days
at stipulated price rose today to 14a. and
two 100 share lots were sold at that figure.
The bid for twenty shares was 14i7s. and
the asking price 145. The latter was with
drawn, and l46 substituted. - =
While there is no positive information as
TIC why this stock, which on the basis OF
the present ) per cent dividend pays 4 per
cent on 125. should be selling around laD.
still there seems to be a general belief
that the next dividend declared. which will
be in the spring. wiz. be at ahe rate OF q
per cent instead of per- cent. In that
event the stock will be on a 4 per cent
ba sis at 80. - .t .,...,-r -
The theory as to this form Of cutting a
melon seems now to be more prevalent than
the one in the issue Of certificates. which at
one time was thought to be among The
possibilities.
The securities of the gas company vera
In excellent demand, and while the trading
In the stock was slight. still what was done
was at better prices, than have prevailed
for some days. Several large blocks of the
per cent certificates were purchased. and
the prices obtained were. with the excep-
1924, the highest that have yet been given
for this security. All the other lots, ag-
gregating $4,000. went for 1924.
The entire sales of the stock were repre-
sented by two lots aggregating fifty-dve
shares. The price paid was 6tA. One hum
dred shares or any part were offered at Co.
The bid for twenty-five shares rose to CAS-
and then to 64A. and the lowest offering
was 6ias.
There was some trading done in bank
stocks. Thirty shares of Commercial Bank
sold for 1876. The stock was offered for 16oh-
Ten shares of Riggs Bank stock brought
615. The bid for ten more was 614n. The
lowest offering was $50.
Eight shares OF American National Bank
stock were offered for ITO. ten shares for
$780, and 165 was bid for ten shares.
The bid for Metropolitan Citizens Bank
stock advanced to 337 from 1886 of yester-
day, and that of Lincoln to 1901 from 1p7
of yesterday. -
The trading in the Washington Railway
and Electric Company's securities was light.
as there were no sales made except a couple
of lots of the preferred stock. The changes
made in the quotations were not important
Both Mergenthaler and Lanston sold
some what higher than. was the. case yes
terday, but very little was done in either.-