Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-01-05

It 70 expected By Mr. T. W. etubblefeld.
who has promoted the organisatiou Of what
is to be called the Fourteenth and U Street
Savings Bank-derivfng its name from Its
location on the northeast corner OF the
square ndAcated-that it will be possible to
open the doors OF the new institution about
the middle OF February or the first Of
March.
By that time 1t Is hoped the new building
which Is now in course of construction will
be ready for use and in that case the or
ganization OF the bank will be completed
and business will be begun.
Mr.. Mitchell. the president of the copper
mining company that bears his name, Is
number Of the stockholders and tell them
what Is going on at the mines in Mexico.
There is quite good deal OF the stock held
in this city and the owners are enthusi-
astic over what has already been done and
the prospects for the future.
There was some trading done at today 8
meeting of the stock exchange in the bonds
on the list, the most active being the bonds
OF the Washington Railway and Electric
Company. Quite q block was for sale and
a market was secured by letting them go
at fractional reeessions from the prevailing
rate, which is lower than has been the case
for some time past The level of the range
of the selling today was from 81 to ssh.
The bid at the close was on the last level.
and the bonds were to be had at an eighth
advance. 1t might have been expected that
the dealing in the preferred stock OF the
company would have shown a falling away
In price. but instead Of that there was q
slight advance over the prices OF yesterday.
The trading was no larger in volume.
For some reason which is not apparent.
about the same relative ratio In the prices
Of tb> h-x> oS,I 49, .t.,n1x IN a
maintained, so that when one goes of the
other either sympathetically or for some
other reason does likewise. Today, how
ever, that rule was not observed.
There was no change of Significance In
the common stock. and the trading was
not Of Importance from any point Of view.
Capital Traction stock continued its
approved OF by the broker who is thought
to be largely interested in the stock He
did be largely interested in the stock. He
toward lower figures by keeping his bid
not reached. and the little trading. that
was done was at better figures, but still
considerably lower than before the re-
cent announcement of the change in the
official board OF the company.
However, that stock has never been
noted for receiving at all times what Is
known as strong support on the board.
as 1t appears that those who have 1t are
it's course. evidently because they do not
have to dispose of their holdings. what
ever the current quotations may be.
Nothing Of special moment occurred dur
ing the call of the rest Of the list. There
was some trading in the stock of the Amer
lean National Bank. and also some blocks
of the National City Bank changed hands.
single share of telephone stock sold
again today for 90. There Is an inclination
to give better prices for quotation lots of
this stock but there does not seem to be
great deal on the market. The impression
is. Of course. that the company Is rapidly
getting into a position where the dividends
on the stock can be resumed and 1t is also
expected that some plan will be announced
for refunding the floating Indebtedness
which has been contracted In making the
extensive improvements throughout its ter
rttory.
Exactly what is going to be done, and
when. 1t not definitely known.
A reminder Of former days was found in
the sale of a small block of gas stock for
90. 1t has been some time since this notch
was passed. but ever since then the stock
has been hanging below that level but
never getting much below 1t. AS rule
there has not been very much stock brought
out. it is apparent that those who hold 1t
are both able and willing to continue their
grip.