Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-15

The first transaction of interest at the
meeting today OF the stock exchange was
the trading in Traders Bank stock. AS
the bond list and also the section Of the
board where the street railway securities
are listed. as well as those OF the trust
companies. had been passed IT WIN be seem
at once that the business was not of much
consequence up to that point.
II is not meant to be inferred that the
sale OF the hank stock was Of special sig
nincanee. although most anything that hap
pens nowadays in connection with these
stocks serves to set afloat specuiations OF
various kinds. There has been 30 much
done recently In the way Of bringing to-
gether Institutions OF this sort. or increas-
ing their capital stock. that as rule there
is generally to be heard some ruEfior. more
or less well authenticated. In regard to one
or other of the banking institutions
However. today. Judging from appear
ances. there was some of the stock OF Ira
ders Bunk for sale and It was taken by
represe tative OF the interests OF that bank
at 1919 and 100. The hish-water mark In
the sale of this stock was reached Tne
bid remained at 200, which Is an advance OF
seven points over that recorded yesterday.
1t is not Thought that this transaction has
any other Significance than that the STOCK
was to be had at those figures and 1t was
taken. 1t Is not claimed that there is at
this time any scheme to enlarge the capital
ization or to combine with any other bank
All that Is said about the bank is that it Is
doing good business and intends to do
more in the future.
The active period in the trading was
reached when gas stock was called. The
aggregate of the dealing In that security
reached over 7G0 shares. Unlike the last
active day In this stock, the sales were not
made on an ascending grade. The range
was from 81 to 61ss. and at the close STOCK
was offered at an eighth advance over the
last sale and 1t was separated from the Did
by only an eighth of a point.
The movement in this stock Is not .gener-
ally understood. for after period of mac
ton il started on an upward course which,
it is expected. will be continued with such
reactions occurred today.
OF course there are what might be called
professional reasons assigned for portion
of the movement in gas, namely, an
effort to bring down the price by what
is known technically as the short interest.
This may be an explanation of good deal
of the trading today, which appeared to
have something of the character of what
is known as room trading.
However, whatever may be the causes as
signed or the explanation given. the fact
remains that once In so often there Is, some
thing doing in gas stock. and the present
time may just we'll be one of those pc
RODS as any other time, although, as a rule,
gas does not disport itself on the market
during session of Congress.
Mr.. r. A. Castelar,. who recently secured
a seat on the exchange, made his first APP
pearance today at a board meeting. and
was introduced to those of the members
whom he did not know personally and gen
orally got acquainted.
The bureau of insular affairs of the War
Department this afternoon opened bids
for 100000 public works and Inn
provement bonds of the government Of the
Philippine Islands, with accrued interest
from February l. 1906. which is me date
Of issueof the bonds The highest and
therefore the most favored bid receivedt
was that of the Riggs National Bank of
this city for the entire issue at 81 .OS3.747. or
any portion thereof at the same rate. These
bonds bear interest at the rate Of per cent.
payable quarterly, and are redeemable at
the pleasure Of the Philippine government
after ten years and will be payable in thir-
ty years in gold coin of the United State.
Today's Government Receipts.
National bank notes received today for re-
dempt!on, $685., s61: government receipts
from internal revenue, s997,2l0: customs,