Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-16
LOCAL FINANCIAL NEWS


The trading In Lanston was not quite -
animated in tone as was the case yester-
day. although the aggregate Of the sales
some 200 shares-was about tho Same -
that Of yesterday. II anything. the buy
ing was somewhat more ssnefai than =
was yesterday. and the higher ievsa then
attained was fully maintained
The bid again started on tho same level
as the asking price OF the day before
namely. 17k but It soon advanced to 17ak
and sale was made at that hgure- Al
once an Offering was made at 17s8. and
bid Of one-eighth less followed Quite 2
good deal of stock was secured at that
price, including two 2Oo-share lots. The
largest proportion Of stock sold on any one
level was taken at 173s. and then there was
q good deal Of selling at I'm and 111s
The entire range of the dealings for the
day was from 1Th to 17h. Yesterday tne
closing figures were II bid. TN asked wnue
the day before 1914 was bid and lo11 was
asked.
At different intervals bids were made for
large blocks. but without result Dio OF
TN was made for LOCO shares. or any paI =
and at the close broker who mas oeeh al.
along one of the large buyers announceo
titles offered at II. The figures Wnen tne
trading ceased were 17h bid and TN asked,
but the latter was withdrawn and 11Hs was
substituted.
In the general gossip about this stock the
prevailing idea seems to be that the action
of the government printing office IN propos-
installed in that office will have favorable
effect and is making and is likely to make
a stronger market for the security.
The course Of the stock for the past year
H,no t.. npfc rot 10 "
able Last summer it sold for about 3,
perhaps the lowest notch ever reached IN
its history. At the beginning OF the pres
ent year il was quoted at 12A. and then IN
February began an upward squirt wnich
brought it in the early part of March to
1875. By the first part of May the price
had receded to 121z and then the course was
reversed and eventually reached H. ana
from that point to the present lever the
progress has been ather steady.
A bid of 1903 for the Norfolk and Wash
ington steamboat bonds secured one. Out
the bid was not renewed 1t then became
107k. and they were to be had at 1872.
The latter was withdra wn and 1851 substt-
tuted. A bid of 1913. was made for $5,0oO.
Nothing was done in the railway securi-
ties except the purchase of one bond OF
the Washington Railway and Electric Com
pany for SSH.
One hundred shares of the common stock
were offered at 3JA. and 30 was bid. Ihe
Offering was withdrawn, and 35h was SUB
stituted. The bid was then 341s.
Sixty shares of Columbia Fire Insurance
Company stock were offered for sale at 1oN
and a bid of 1913 was made. which was
finally accepted. For 100 shares lo', was
bid and IN was asked
Three shares of Riggs Bank stock were
offered for sale at go There was no bid.
For ten shares 64S was bid and 100 was
asked.
Fifty shares Of telephone stock were OF
fered for sale at 80. and a quotation lot or
TWENTY-FIVE shares was for sale at the same
figure The bid for the latter was ABA.
One hundred shares of Gas stock In 1our
twenty-five-share lots were sold for o. ana
1t was still to be had on the same TERMS
but the most bid was 6os.
For one hundred shares 6o& was DID, ana
such a lot was offered at I'll.
Mergenthaler was offered without the
dividend Of $3.50 per share. The bid was
1864 and 1871 was asked.
The bid for Greene Copper. which Is also
ex-dividend, was p, and 22A was asked.
At a meeting yesterday of the stockhold-
ers OF the Central National Bank it was
decided to increase the capital stock from
5000, 000 to SJOO,OOO
The following additional members OF the
BOARD of directors were elected: Milton Il.
Allies w. J. Father Harry Norment.
Brandenburg. The placing on the board
of two officers of the Riggs Bank confirms
what was generally Surmised, that one Of
The objects of the increase in the capital
stock was to establish a harmony Of In
terests" with that institution.