Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-16
LOCAL FINANCIAL NEWS.

oNAiS ~ the interest manifested IN local
securities. manual is being prepared by
Thomas L. Hume and Eugere f. Thomp-
son which will contain information in re-
gard to The various issues of stocks and
bonds. together with lists of the officers
and OTHER business concerns. The last
publication of the kind was issued In 1900.
Since that time there have been changes
of Importance in the capitalization of banks
and trust companies, new institutions have
been organized and the resources thus rep
resented have been enlarged, The invest
ment as well as the speculative import
ance of Washington securities has alsa
considerably enhanced ana the number of
people who are interested in them is natur-
ally larger than was the case few years
ago.
Publicity of the affairs Of goody num-
Der of financial corporations is secured
through the reports required by the national
banking laws and various enactments of
Congress and a suggestion has recently
been made, which. If carried out. will still
further enlarge the scope of such legisla-
ton. The purpose of financial manual.
unless 1t Is annual is not to give In
formation about current business to supply
data in regard to the several issues and
classes of securities.
The bid for Gas stock at the meeting of
the stock exchange began a half point
higher than the best selling price of yes
terday. Sixty-eight was bid for Il shares
and then for %, and. finally. for 100.
without result. Yesterday ca was tho
highest price paid and at the close the
stock was for sale on that level
But today there was no stock for sale
at less than 60, and four lots of twenty-five
shares each were promptly taken at that
figure. The demand for the stock at that
price did not continue. and most of the
later trading was on lower level.
There was no stock to be had at GU. but
when there was no market at that price
sales were made all the way down from
6Sts to 6sss. 1t was for sale at 6sia but
then the bid was 6Sas. At the close the lat
ter was the bid and the offering price was
changed to 60
At the highest price thus far reached.
which was at today's market, namely CO.
the stock is within a few points Of the best
figure ever reached in the history of the
stock. This was about three years ago
when the extra dividend of $40 per share
was paid. Prior to the announcement OF
this dividend the stock sold as high as 3D.
II the market value of the dividend GER
tlhcates. which are now selling for more
than $24. is taken into consideration tho
highest point reached by gas stock was
really Il instead of 10.
The stock of the Union Trust Company
more than maintained the advance made i'm
the past few days. and some thirty shares
that were sold brought from 1913 to 1914
and the latter was paid for a five-share lot
as well a ten-share lot The bid coz
tinued at 1913. which is the highest yet
reached. but there was no trading as the
stock was not offered for sale at less than
123la. The latter was withdrawn and 12A
substituted.
Some Riggs Bank stock sold at go. and
that continued to be the bid. The stock was
offered for $50.
Mergenthaler sold at better figures as
compared with those of yesterday. Some
forty shares were traded in a range of
prices from 195% to 1868. The bid at
the close was 1876, and 1911 was asked.
Options on Lanston were sold at IA. and
the stock at 13A and 1875. At the close
1874 was bid and IA asked.
Trading In Greene Copper was on a
better level. Options were in demand and
were bought at 2SA, and in consequence
there was market for the stock at %.