Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-25
LOCAL FINANCIAL NEWS.

According to an examination made or the
ste tistics of national banks of the country
the institutions in the District of Columbia
rank high in the comparative statement OF
banks whose surplus and assets are equal
| to or in excess of their capital. In this Dis
trict the percentage of such banks TO the
entire number is 33, which gives the second
place in that particular in the list OF banks
in the various states. Since 1898 the in
crease in tho number of such banks in the
District has been 100 per cent.
In New Jersey the percentage of such
bal. KS TO the entire number is H. in PENN
sylvania 32.S, in New ork 265, in Mary
land 26.1, and in Virginia 1873. OF the
twelve District national banks four are
placed in the class referred to.
An advance was made in all the securities
of the Washington Railway and Electric
Company at the days meeting of the stock
exchange. The statement was made dur
ing the trading that both the bonds and
the preferred stock were sold yesterday in
the New ork exchange at %, which is
at least one point higher than the prevail
ing figures here
Whatever was the cause of the demand
that developed today, it was strong enough
TO take out of the market all the bonds and
the preferred stock at anything like the
figures that have prevailed.
While the buying was not general, yet IL
proved to be very much better than the
general. AS result of the trading sub
stantial advances were made, which were
firmly maintained
The bidding for the bonds began on the
level of the asking price of yesterday,
namely, 905s, but there was no response
until the bid had reached 81, when sale
was made. The bid was renewed and was
advanced until 9114 was reached, and on
that level the largest number of lots of the
entire trading was secured.
The bid was announced to be unlimited at
that hgure. and as one of the brokers re-
marked it was good bid, especially when
1T was considered that the bonds would
bring ~ in New York
However, that consideration did not add
to The number of buyers. but the other
hand there was not much disposition mani
tested to sell. a bond was sold on a bid of
913s, and q large block was taken an eighth
of a point higher.
At the close the bid continued the same
and the bonds were to be had at 91A.
For the preferred stock, whieh sold yes
terday at ~ and was for sale at the close
at 911a, the bidding began at 81 and then
advanced to 91A, but without result, and
there were no sales until 911s was reached.
Then five ffty-share lots went at that fig
ure, and when 91$s was reached the trading
was the same in bulk. with the addition of
two 100 share lots
An eighth advance brought more trad
several lots of 500 shares each went for
81.
Only one option was sold, and that was
for 81. AT the close the bid was 917s, and
the asking price 81. In the course of the
desultory talk that sometimes goes on a
broker said he would bet that the stock
would sell at "a before it did at 80, but
no notice was taken of this assertion.
For the common stock there was higher
bidding than prevailed yesterday, and while
the advance made in this particular as COM
pared with yesterdays record was half a
point, yet only one lot of one hundred
shares was brought out For this lot 36k
was paid, and that continued the bid. but
without result, as there was no stock Of
fered for sale less than 37h.
The bid for options was 81, and they were
offered at BIS, but there was no trading.
Ten shares of Lincoln Bank stock were
offered for sale at 13512 The best bid was
1873
a couple of ten-share lots of American
Bank stock were later offered at 195, and
then 1874 was bid and 200 was asked.
Twenty-Five shares of Firemen's Insur-
ance Company stock were offered at 20.
The bid was %.
For Arlington Fire Insurance Company
stock the bid advanced from 291& of yes
terday to 29A. The asking price was 81.
bid of 81 was made for 100 shares of
gas stock. For % shares 61h was bid and
~ was asked.
a couple of ten-share lots Of Mergentnaler
a 1872 and 1919 comprised the entire trad
ing in that stock
The upward course of Lanston was con-
tinued and the range of the trading was
from 1917 to 1915. Options sold at 1872 and
1855. Yesterday the highest price reached
was 1915.