Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-12-17
LOCAL FINANCIAL NEWS.

Greene Copper was not any more Of .
feature In the trading at today's meeting
Of the stock exchange than It was on
Saturday. AS usual the basis of any DEAL
ing was determined by the course OF the
stock In the New York market. and today
while the sales there reached as high n
price as 81, there were also lower records
made.
On the local exchange today at the
opening Of the dealing in this stock there
fractional lots Of the stock at IS X. which
were supplied in excess OF the demand.
Then the stock was to bo had on that
level. and after several small lots had
been sold the bid was SSM. while the ask.
higher.
A bid of 3sh was made for options. but
offerings OF such opportunities were not
made.
There was nothing done Of consequence
In the street railway stocks. and the only
the call was the bid OF Al for an option
on 500 or 1000 shares Of the common
stock Of the Washington Railway and
Electric Company.
A bid OF 5ss was made for an option on
any part Of LOCO shares of Mitchell Mining
stock. Several lots OF the stock sold for
81, and that remained the bid at the close.
An agreement has been made by the
American Insurance Company OF Newark,
N. J., Of which Wolf & Cohen are the
agents in this city, to reinsure all the poll
cdes Of the National Metropolitan Fire In
surance Company OF this city, OF which
William A. Gordon Is president. The liab1l-
tiles thus assumed amount to about $2,oOo'-
900.
On the part Of the company thus agreeing
to sell its business, 1t is agreed that 1t will
retire from business. This agreement.
which was signed today by the parties rep
resenting both companies will have to be
ratified by the stockholders OF the Metro
politan Company before 1t can go Into ef-
feet. There Is no doubt felt as to what VIII
be the course that will be pursued by the
stockholders, and when their assent Is OBJ
course OF liquidation. Owing to the fact
that the liability Of the company Is not dis
solved by this the reinsurance OF It's policies
but will remain until the term OF the LAST
policy expires, the company will continue
In existence for perhaps Ave years from
this date.
The assets Of the company will be turned
into cash and distributed among the stock
holders. The capital of the company IL
100000. and the par value OF the shares
$50 each. 1t Is estimated that the cash
value of the stock will be about sos.
The reports from other centers as to the
Christmas business agree that it is very
good. The same condition prevails here
and in the hustle and hustle Of these days
the retail dealers are feeling a satisfaction
In the thought that the receipts are ahead
Of those Of last year.
At meeting q the board Of directors Of
the American Security and Trust Company.
which was held today, the regular dividend
OF tx per cent for the quarter was de-
clared, making an annual dividend of z
per cent, and in addition an extra dividend
Of 1 per cent on the capital stock Of s., co.,
600 was declared.
Today's Government Receipts.
National bank notes received today for
redemption, $742 933; government receipts
from internal revenue, 81. 464. 500; customs.
81 .OO6, 40; miscellaneous, $127. 466; expendi-
lures, 81. $50, COO