Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-26
LOCAL FINANCIAL NEWS.

Tho Security Storage Company. which
was recently incorporated under the laws
of the District for the purpose OF taking
over the storage department OF the Ameri-
can Security and Trust Company. has COM
pleted its organization by the election of
officers. The directors were chosen the
other day. and consist OF Charles J. Bell.
Henry Hurt. VIM. J. Flather. Clarence Nor
ment. Henry F. Blout, Albert NJ. Read and
Clarence A. Aspinwall
The officers chosen by the directors are as
follows: President. Albert NJ. Read: vice
president and treasurer. Clarence A. As
pinwsan. and secretary. Charles p. Raven
berg. Mr.. Read has been IN charge OF the
storage department since its organisation
as the manager. and MIR. Asptnwall has
been the assistant manager, and their ex-
perience and knowledge of the business will
make 1t possible as an Independent COM
pany to continue the service which has
been found to be of such advantage to
large section of the community. The exten-
sive building on 18th street Is owned by
the company. with the facilities which are
to be found only In the best-equipped es-
Establishments OF the kind The capital Of
the new concern IS 100000
Mr.. John w Gates Of New York city was
IN the city today looking over the quarters
In the Munsey building which have been Sc
cured by Charles g. Gates & Co., broker
age firm of New York city. of which Mr..
Gates is a special partner. 1t Is the purpose
to open here branch Of the New York
house. The Washington office will be In
charge of MIR. Herbert L. Jones.
At the meeting of the stock exchange to-
day the bid for Greene Copper was point
less than the bid made yesterday. 1t did
not rise above 26A. A few days ago this
stock was quoted at about 30. The Change
is attributed to the announcement that has
been made Of an increase In the capital
stock to a total of SIC, 900. 600. The amount
of the new stock will be 81 800. 600. and the
stockholders are to be given the privilege of
subscribing for the new issue pro rata In
proportion to their holdings at $25 per share.
A meeting of the stockholders will be held
on the 10th of February for the purpose OF
voting on a resolution authorizing the pro-
posed Increase.
There was nothing of consequence done
during the call, and the changes made IN
the figures were not important. A higher
figure was given for few bonds of the
Washington Railway and Electric Com
pany and the bid OF SO maintained.
One of the brokers made rather novel
proposition for this exchange in offering to
trade three thousand shares of Capital
Traction Company stock for 10000 shares
of the common stock of the Washington
Railway and Electric Company. The price
OF the common in the trade he fixed at 43,
which would make the price of the traction
something over 143
No ATTEMPT was made TO accept the offer,
and some of the brokers went to work to
figure out the transaction, as 1t was on
somewhat larger scale than is usual in this
market. AS a rule the trading does not
run into large blocks, al least not more
than five hundred or perhaps one thousand
shares. and this proposed offer was some
what too much on the wholesale scale to
be taken In all at once.
Today's Government Receipts.
National bank notes received today for