Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-11
LOCAL r'1nANc1AL NEWS.

The company that was organized with
headquarters in this city for the purpose
of raising the battleship Maine. which Is
beneath the waters OF Havana harbor. has
been dissolved. Money paid in by stock
holders is being returned by the Ameri-
can National Bank. fiscal agent OF the
company
According to a notice sent stoockheld-
ers. after numerous attempts to provide
sufficient funds to accomplish the object
for which this corporation was formed.
very little has been accomplished. and as
1t appears to the directors that further
efforts in this direction will be practi-
cally fruitless, etc
Mr.. Robert N. Harper, the president Of
the American National Bank. was yesterday
elected vice president of the Commercial
Fire Insurance Company.
Common stock of the Washington Rail-
way and Electric Company was again on the
active list today, and an advance Of point
was made over the selling price of yester-
day. There was not much stock for sale
al prevailing figures. and during the call
only one block of stock was disposed of.
namely. 100 shares at 49, which was the
selling price yesterday.
The bid was renewed. but without result
Then an advance was made. and finally
3o% was bid but 1t was not persisted IN.
bid of 3S1a was made for alarge block
OF the stock or any part. There was no
stock for sale at that figure. Then fif:y
shares were offered at 1874. but they were
not taken.
A bid of 40 was made for 10000 shares.
At the close the bid was 80 and 1874 was
asked After call block OF 100 shares was
taken at 3Sa4 and tifty-share lot and a
2O0-share lot at 80.
The latter is about the highest selling
point in the bidding of the security, and
was reached a few months ago.
The preferred stock sold on about the
same level that of yesterday. There were
only two 5O-share lots traded in. and the
price In both cases was 9OA. The bid at
one time rose high 90ss, while 9O4
was asked. At the close 901z was bid. and
81 was asked.
A couple of 1O-share lots and one 5-share
lot Of Mergenthaler sold for 1S7. and the
stock was still to be had at that price. The
bid was 1864. Yesterday 1861 was bid, and
1SGN was asked.
At the outset Lanston was offered at 16,
and then at 1874. The bidding was rather
slow and uncertain. Fourteen was ven
tured for 1000 shares and then 141z for
100 shares.
The bid rose gradually to 1875, where it
stopped. There was stock to be had at 1915
There was no trading.
A sale of twenty shares of Capital Trac
ton stock was made at 145. and then 144z
was bid and 145A was asked.
The bid for Metropolitan Citizens Bank
stock advanced from 1875. which was yes
terday's bid, to $40. In reply to a question,
a broker said he would sell 100 shares at
400 The asking price of the stock was
$780, which was subsequently replaced with
3l5
Mr.. Griffin Halstead of the firm of Hal
stead & CO., bankers and brokers, 1874 F
street, has agreed to purchase the seat in
the stock exchange of Mr.. NJ NJ. Parker
The price to be paid is $4,000.
Stockholders of the National Union Fire
Insurance Company yesterday elected di-
rectors, as follows: Chares B. Bailey, Wal
ter A. Brown, John Joy Edison. jr.. Albert
+. Fox, william T. Galliher. John B. Lar
ner, George W. Linkins, Francis Miller,
Charles Mades, Owen McCabe. Henry Orth,
B. F. Saul, George Spransy. Gen. James H.
Watmough and Joseph /. Weller. The
directors met after their election and chose
the following officers: Albert F. Fox. presi-
dent; Henry Orth, vice president, and
Philip f. Larner, secretary
Today's Government Receipts.
National bank notes received today for re-
demption SS99,395; government receipts
from internal revenue. $501 .746: customs,
S111OO56; miscellaneous, S131, 40; expendi-
lures, 81, $50, 900.