Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-12

An advance OF four points In the bid fof
the stock of the Metropolitan Fire Insur-
ance Company, coupled with the remark
that Was made at the time the bidding waa
soaring upward-or. rather. inquiry a. 20
whether it was the intention to HQuidate
the company-served to cali general atten-
ton to the stock for the brief TINA that Il
was before the board. The advance OF the
bid did not. hor'ever serve to bring out
the stock. and at the close the lowest ask
ing price was 81. It is understood that an
offer has been made for the purchase OF
a control OF the stock OF this COMPANY
the total issue Of which il 2O00 shares. at
/ q par value Of $50 per share.
IL Is supposed from the bidding of today
that the price offered is somewhat in ex-
cess OF the best bid of today There is I'M
certainty whether the proposed deal Is TO
go through. 1t is understood that il has
not as yet reached the stage when anything
very daffntte Is determined
largest portion OF the business of the day,
which. in spite of the lower money rates
I in New York, did not show much improve
ment over that Of the past few days There
was good demand for options at 61$z ana
these were supplied. the seller buying the
stock at 61I..
Green supplied the options and Heiston
and Greenlees were the buyers, while the
Z
Hibbs and Hume. Tomorrow the stock. VIII
be ex-dfyfdend. which amounts to 80 cents
per share. After the trading. which. count
ing the options, aggregated about 400 shares.
the stock was still to be had at an eighth OF
an advance over the selling price early tn
the trading. and also of yesterday.
y couple of ten-share lots OF Home Saw
fngs Bank stock sold for 2ST1h when the bid
reached that point. and there was more to
De nad at the same price, but the bid re-
coded to 2Sti.
| Better prices were heard in connection
with the preferred stock of the Washing
ton Hallway and Electric Company than
has been the case for some time past. The
only sales of quotation lots of fifty shares
was at sos, while fractional lots went
for 80. Higher bids were made for large
/ blocks, but nothing larger than fifty
shares was offered. The closing bid was
a quarter OF a point higher than that of
yesterday.
| An attempt was made to maintain the
bid for the common stock at ~. but 1t re-
| quired the purchase of too much stock. and
| was given UP after three lots had been Sc
cured. The principal broker continued to
| offer the stock for sale at that level, and
| any part of 1.009 shares formed subse-
quent Offering from the same source at
AIS. The result was that the figure at the
close of the call remained about the same
| as they were yesterday with the exception
| that the stock could be had for less.
! The vacancy caused by the recent resis-
I nation OF the cashier of the Traders Baak
| was filled today by the appointment, or
| rather the promotion, of ]. Fendall Cain.
| the assistant cashier. H. Owen Thompson
| was promoted to be assistant cashier. and
| promotions were made all along the line.
y new place was erea ted, known as man
| aeer of the savings department, and Arthur
G. Plant who has been In charge of 1t,
was appointed to that position.
Today's Government Receipts.
| National bank notes received today for re-
| dempton. 81 ,o40, 463. Government receipts:
| From internal revenue. S94S,173; customs,
| S361 $50; miscellaneous, slo1, 674. Expendi-
| lures s.. leo coo