Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-07
LOCAL FINANCIAL NEWS.

In accordance with the plan ratliied py
the stockholders of the Union Savings
Bank at the annual meeting In May. the
capital of the bank has been increased from
$1,000 to $1Ol,000 In addition to the usual
quarterly cash dividend of 3 per cent paid
July 1. stock dividend of 80 per cent was
declared. The remaining go shares were
allotted the stockholders pro rata at the
rate of S175 per share. which gives the In
stitution a surplus of $33. 80.
1t is expected that dividends at the rate
OF 10 per cent year will be paid on the
increased capital, as the bank has added
II to 10 per cent to its surplus annually
for the past five years in addition to divi-
dends paid at the rate OF II per cent. APP
pltcation has been made for listing the
stock on the Washington Stock Exchange.
DR.. M. NJ. Moffitt of East Washington and
Mr. William B. King, president of the
Choral Society, have been elected directors
of the bank.
The trading In the bonds of the Wash
ington Railway and Electric Company was
the aggregate OF the sales made reached
total that was a good deal larger than
has been the case when the weather has
been good deal cooler.
The main part of the entire ST. 900 of the
sales in these bonds went for 81, which is
the highest price that has been reached by
these securities for some time past
In addition to the 81 bonds, several lots
went for sos, and one an eighth lower. At
the close they were for sale at 9O1s and
SON was bid
The only other point of interest during
the call Of the bond list was an inquiry
for the bonds of the Potomac Electric
Light Company. The broker who wanted
them was willing to give 105. an advance
OF half a point over yesterdays bid. The
lowest price at which they were offered
was 1904.
Capital Traction stock continued its
upward course in which it has been headed
for some days back. The record of 143 was
reached but it was only for three shares.
A quotation lot of twenty shares sold for
1lIA and fractional lots for that price and
an eighth lower. >=-l-
bid of 1441s was made for 100 shares.
but lot of that size was not offered The
bid for twenty shares was then 1441 and
the stock was to be had for 14ik which
was withdrawn and 1i5 put in its place.
An option on the preferred stock of the
Washington Railway and Electric Com
at 91b, and the former offer was renewed
The bid for fifty shares was 9O5s. and 9O34
was asked. The latter was withdrawn and
the stock was to be had at 81.
The common stock was for sale at 37A,
and 37h was bid. The latter was with
drawn and 36A replaced it.
Quite jump was made in the bid for
Union Trust Company stock. Yesterday
12SA was bid, while today it was 129A. The
asking price was 100.
The bid for Metropolitan Citizens Bank
stock advanced from 334 to 337. There was
, no stock offered for sale less. than $50.
Some trading was done in stocks in the
fire insurance list. Potomac Fire Insur-
ance Company stock sold for 81 and -
The bid at the close was 81 and the ask
ing price %.
Arlington Fire Insurance Company stock
sold for % and 291s. The bid was then
2Sas and p was asked.
A sale of National Union Insurance Com
pany stock was made at IA. Then rs was
the bid and was asked.
Gas stock sold for 597s and for GO. 1t
was still for sale at 60, and 59A was bid.
Nothing was done in Mergenthaler except
to keep the figures about the same yes
terday. couple of options on 500 shares
of Lanston were taken at 1914. The bid for
the stock was 1875. and 1914 was asked.
Greene Copper to the extent of two 100
share lots sold for 223s and 22A.
Today's Government Receipts.
National bank notes received today for
redemption, s1.917 sol; government receipts
from Internal revenue 81 .O66, sos; customs,
81 1856 153. miscellaneous. $1l6.60 Expendi.
lures. 81, 10000.