Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-05-28
LOCAL FINANCIAL NEWS.

The stock OF the Washington Loan and
Trust Company continued at today's meet
ing of the stock exchange Its upward course.
and there seemed to be a good demand for
1t at the higher figures Three ten-share
lots were secured at go. and also a couple
OF hve-share lots, and then the bic receded
a point There was no more stock onered
less than X35.
The price paid today forms the high rec
ord in that stock. as 1t Is not recalled that
1t ever sold az high. One week ago the bid
price was I'D. SO that the advance In that
period has been about eight points.
A great amount of stock has not been
brought out In consequence of this change
in the figures. and that is usual in
the periods Of activity in this security.
which do not occur very often. 1t appears
that the probable motive for the present
selling is the disposition of a block of the
stock that for SOM reason or other had to
come on the market.
Some have an idea that the present move
ment Is merely one to get the price of the
stock up In order to market to advantage
block OF 1t. while others are confident that
something is doing which generally means
In the stock market that there 10 some plan
under consideration which will benefit the
stockholders.
In the opinion OF member Of the board
of directors the policy of Increasing the an
nual dividend paid by that company from
to per cent is finding an enlarged num-
Der of advocates not only among the stock
holders. but among the directors. and on
this account he would not be surprised II
some definite action was taken before long
which would have that result
Both Capital Traction stock and the pre-
ferred stock of the Washington Railway
Company sold off somewhat today. as the
former sold as low as 142h and the latter
at IS. There was no special effort made In
either case, and the market Tor Dotn was
Gas stock sold on about the same level
as it did Saturday. but there was not
much doing, and. in fact. the latter oe-
scribes the trading throughout the entire
list.
A branch office of the brokerage firm OF
Dick Bros. & Co. has been opened IN TINS
city in the new office building on the south
side of H street, just west of the corner
of 14th street. being No. 1412 III street
northwest. Messrs. George L. Edmonds
and Joseph B. Weed are the managers. hav-
ing formerly conducted the Washington
office of Atwood, Violet & Co Dick Bros
& Co. have offices in Philadelphia, New
Haven. Bridgeport and also number OF
branch offices In the uptown district OF
Manhattan. In addition to the other fea-
lures of a brokerage business they have
excellent facilities for handling cotton or
ders.
The Washington and Potomac Steamboat
Company, which was Incorporated during
the current month and has taken over the
management of the Randall river proper
ties, with Mr.. Randall at the head of the
company, is now engaged in placing Its
issue of s2O0,000 per cent bonds "A
portion of the proceeds is to be used In
paying for the new steamboat, the st. Johns,
which is to be placed in this service, to be
followed by another new boat, the Queen
Anne. The stock of the company is $3.50, 900.
Today's Government Receipts.
National bank notes received today for
redemption, 81, 1853 1870; government receipts