Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-17
LOCAL FINANCIAL NEWS.

| 1t is understood, in the holdings of the
stock of the Traders National Bank. 1t is
| explained that this is the outcome of an ef-
fort to bring about a distribution of the
stock which was secured some months ago
| by several local men. A portion has gone
| into the hands of men who are identified
with the business interests of the city, and
| it is understood that negotiations are
under way by which another block will
| be taken by New York men who in a
position to aid the business of the bank.
No change is contemplated in the man.
agement, and the transfer of the stock is in
| line with the policy of strengthening the
connections of this institution. Vacancies
/ in the board of directors have been filled
| recently by the election of Messrs. Owen
| Owen and b. Stanley Simmons.
! The main trading at the meeting today
of the stock exchange was conferred in gas
certificates. For the time at least gas
stock, which has maintained place in the
center of the stage for several days past.
assumed rather secondary role
The certificates of the company were for
| sale and there was market for them, and
at better price than was secured yester-
day. One of the brokers had large block
aggregating over $40. 900, and he was willing
to sell at 121$4 and they were taken at that
price by dDDtner DfOktT-
The bid was then continued on that level
and the asking price was 122.
The bulk of the gas stock sold today was
at 6S3s and after the five twenty-fve-share
lots had been taken at that price the bid
receded to 6SA. There was plenty of stock
| for sale at 6s1s apparently. although If the
buying had been stronger the supply at That
I figure might not have proved abundant.
There is guessing now to whether lie
present halt in the upward movement is
permanent or whether there is to be a con-
tinuation of the activity and a further ad-
vance. After call one hundred shares of
gas were offered at 50, but there was no bid
for it.
Trading in Lanston was sluggish, and
after sales of two 1OU-Share lots at 1875 the
stock was to be had at that figure. The
bid 1874.
Mergenthaler, co the extent of two ten
share lots, sold for 1861. and then there
were sales at 1876. The stock was offered
at the close on the latter level. and the bid
was 1854.
Union Trust Company stock continues to
be in demand. at better prices. The bid to-
day rose to 1885, but there was no stock
offered for sale at less than 125.
No transactions took place either in the
stocks of the other trust companies or in
the bank stocks, with the exception that
five shares of American National Bank sold
for 16S. The bid for ten shares was then
1881. and 175 was asked
An advance was made in the bid for
Traders Bank stock from 10 to Ill, and
the asking price was 200.
Better prices We're offered for Capital
Traction stock than was the case yester-
day, but there was trading. The bid
rose to l462s, and the asking price was 14S
But little interest was displayed In either
the preferred or the common stock of the
Washington Railway and Electric Company,
and the changes made in the quotations
were not significant
The bonds of the Washington Railway and
Electric Company in limited amounts sold
on the same level as yesterday, namely SO,
and when the trading ceased they were still
to be had at that price.
A Capital Traction bond was offered for
sale at 1111a The best bid was 1904
An offer to sell $4,000 of Metropolitan Rail-
way bonds for 11Sk was made. There was
no higher bid than 1172. The bid for a
$1,000 bond was III, and 120 was asked.
Todav,S Government Pooo;p&c