Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-27
LOCAL FINANCIAL NEWS.

The next addition to the securities listed
on the stock exchange win be the new issue
OF per cent bonds OF the Norfeik and
Washington Steamboat Company. They are
to be issued June l. and the amount viii be
100000. There is also to be an increase In
the capital stock OF the company. The
American Security and Trust Company win
| be the registrar.
The demand for money continues good,
and that commodity Is not drug In the
local market. as is the case in New York.
where the current rate Of Interest just now
is n little over per cent. Here there Is no
f1uctuation In the rate of interest as happens
| in the bigger market, where there is a slid
| ing scale that changes each day. Sometimes
money rates are high and then again they
rate for collateral loans is AZ per cent.
which remains unchanged from one year 8
end to another.
Sometimes when money Is cheap in New
York kick is made by local users OF money
that they can't get something like the same
rates. OF course, it Is not expected that 1t
will be possible to have the use OF money
here on the same terms as prevail IN new
York, for the reason that there the rates
usually quoted are for call loans, while IN
this city the loans are call in form only.
The bonds of the Washington Railway and
EleCCr1C company SOlu touoy CT tHO
of the stock exchange to the extent of $6,Jot
for 81. with the exception of one 500 pono
for 91M. They were still to be had at that
price
the aggregate than the latest during the
call. The prices paid then were 9o's ana
90za.
couple of Anacostia and Potomac Rail-
way Company's . per cent bonds were sold
for 1O415 Then the bid was 1918 and
1051a was asked.
For the City and Suburban Railway Com
pany's 5 per cent bonds 105aa was bid.
There were none offered for sale
The trading in the preferred stock of the
Washington Railway and Electric Company
was confined to 400 shares. of which half
went for 9eS4. For the balance Of was
the price, except one lot Of fifty shares,
which brought 91k.
bid. At the close the bid was 81 and the
asking price 9fh.
A couple of lots of the common stock
were sold after call at 36ss. That was the
bid during the call and the stock was Of
fered at 36A. but there was no trading.
Some of the stock of the Washington
Loan and Trust Company was for sale,
ard the first lot of ten shares went for
pa, which was the bid of yesterday. The
next lot went for 212k and it was still for
sale at that price, and finally was sold
at 212
1t was announced that twenty shares
were for sale, and 212A was asked for the
lot. The best bid was 211h. but that was
withdrawn and 211 was substituted. AS
there was no prospect of getting nearer,
the call was proceeded with.
Twenty shares of Commercial Bank stock
were sold for Ill. The stock was then o.
fered at 172, and 171k was bid.
A couple of 100-share lots of Riggs Fire
Insurance Company stock sold for Sss, and
that continued to be the bid, with 81
asked.
One hundred shares of Commercial Fire
Insurance Company stock sold for 5as. That
continued to be the bid and "a was asked.
Twenty-Five shares of gas stock sold for
61k, and more was wanted at the same
price. but there was no stock offered less
than 61h.
Mergenthaler stock was offered down to
1917, but without result. The offering was
withdrawn and 1917 was substituted. The
rights sold in lots from one to ten shares
for 9. The bid for rights in one hundred
shares was 50 and 8 was asked.
For Lanston the bid rose to 1875, which
was withdrawn and 1914 substituted. The
lowest asking price 15A, but there was
no trading except the sale of ten shares at
1514 and an option on 100 shares at 15A.
Today's Government Receipts.
National bank notes received today for
redemption. 81 13S.o5S; government receipts
from internal revenue, $704097; customs.
$12I 21S: miscellaneous, $337,S42 expendi-
lures. S1,9GO,OJO.