Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-29
LOCAL FINANCIAL NEWS.

About the only keenness to buy shown
at today's meeting of the stock exchange
was when the stock of the Union Trust
Company was called There was quite
demand for 1t at $50. which was the best
bid Of yesterday, and that was the figure
named today. not only for quotation lot
Of ten shares. but for fifty shares.
The offerings were not in evidence. How
ever, there was a lot Of Ave shares that
were sold for 155. and then the bid for ten
shares rose to 1921. The stock was then
to be had for 100, but 1t was not stated
how much was for sale at that figure. The
better figures quoted In connection with
this security is due at this time. OF course.
to the expected action Of the Stockholders
In favoring an increase in the capital STOCK
to 81 OOO,OO
1t is stated that the new stock is to be
available for subscription at $12 Oper share
by stockholders al the ratio OF two shares
Of new stock for every three shares now
held. This arrangement will give the COM
pany $160 600 over and above the face value
Of the stock. and the stockholders the dif-
ference between this premium and the
market value Of the stock.
A little Of the stock OF the Washfnton
Loan and Trust Company was for sale ana
the holder took for it 21e and a slight fras s
tional advance. which was the best bid.
The bid and asking price at the close re-
manned on about that level. which Is less
than the last current sales.
Mitchell Mining stock was reached. but
there was no trading. For the big lots the
bid price was abOut-the same as ON previous
days-namely, s. No change was made In
formal announcement Is out that the semi
annual dividend Of 4 per cent would be
paid the latter part Of the coming month.
Some fractional lots Of the preferred
stock Of the Washington Railway and
Electric Company were taken at IS. That
sort Of buying was the feature of the slight
trading in that stock which occurred yes
terday. 1t Is the general suppositton that
such buying in this and similar cases is
for investment purposes.
There was nothing done IN the other
railway securities nor in Gas stock. nor
in Capital Traction stock. all OF which are
placed in the class Of the more active
stocks listed on the exchange.
The trustees OF the Washington Savings
Bank have issued Invitations to the friends
of the institution and to the public gem
orally to inspect the new home OF the
| bank at S12 Pennsylvania avenue south
east From Q am. until 10 o'clock p m. on
Monday the bank will be open for the re-
ception OF visitors. who will receive cor
dial welcome.
It is natural that the officers OF the bank
should take pride in the very attractive
building which the bank has erected for
| Its use and which has been planned espe-
| cially to meet the requirements. OF the
business 1t is an indication not only OF
| the success of the institution, but it Is also
| a credit to that section of the city.
| John V. Barross, formerly manager for
Atwood, Violet & Co., has associated him
| self with the arm of Charles G. aGtes
| Co. at their offices In the Munsey building
| Mr.. Barross has been away from Wash
| ington during the greater part of the sum
mer in search of health. and his friends
| will be glad to know that he has been en-
| tirely successful in this quest.
Today's Government Receipts.
| National bank notes received today fol
redemption, s49s 1888: government receipts
from internal revenue 1914. DOL; customs
| STU $50; miscellaneous, $273,0T7; expendi-