Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-01-03
LOCAL FINANCIAL NEWS.

The announcement made yesterday Of the
compet ion Of the details of the merging OF
the Central National Bank with the Bank
of Washington did not have much effect on
the quotations for those stocks at the meet
ing OF the stock exchange today OF course,
the deal had been discounted months : D.
and the stock of bo.h institutions is so held
that not much gets on the market at any
time.
The transactions in the stock Of the Cen
trail Bank today were on somewhat
higher level than the quoted prices of yes
terday, but it Is not likely that as q result
of the trading that took place today the
transfer books of the bank will show mucn,
II any. change In ownership.
No stock of the Bank of Washington was
offered for sale, and the sid was 5o5.
1t Is noted that In consequence of the
bringing together Of these two institutions
the number OF national banks IN tne
city will come back to the level where II
has been for SO many years, and thaS 10 d
round dozen. 1t is also spoken OF as an In
dication of the growth of the financial IN
situations of the city that the Bank OF
Washington will be the second national
bank here to have a capital OF a miiilon
dollars. There Is one bank with capatai
of SS0OOO0, and there are three with capi-
tai stocks amounting to half a million each,
while the rest have STOCK varying Iron
$3.50 600 to $500, 600 each.
In addition there are four trust companies
here. one with capital of three millions
OF dollars and two with one million each
and one with one million two hundred thou
sand dollars.
There was some of the stock Of the Cap
ital Traction Company for sale; ana me
trading was on a slighdy declining range.
reaching 1881. At the close the stock was
for sale at 143ss. with the bid at lab.
In the case of the stocks OF the wash
ington Railway and Electric Company. the
1or IN volume but what
was done was at better figures than those
which have recently prevailed Inc COM
mon stock sold as high as Al ".
There were no sales made IN the pre-
ferred stock, but both the asking and tha
bid prices were somewhat hiSher thaiA
those recorded yesterday.
Not much was done in gas stock: but
the lots that were traded In brought lower
prices than those OF recent days One quo
tation lot brought 56A, and there was
the best bid was J6h. One hundred shares
were offered at the same time, but the bid
for such q lot was So.
There was some talk about 50O-share
lot, but the bidder could not be persuaded
to do any better than IS for such lot.
and there was no change made IN the ask
ing price. OF 5S
Mergenthaler sold a point higher today
than it did yesterday. showing a rather
rapid recovery from the falling away due
to the occurrence of the dividend period.
I.anston. on the other hand. seems to
have a downward tendency, and when 1t
was called today one of the brokers. asking
in that general way which is habit at the
daily meeting, if it was proposed to cut the
dividend he got no answer to his question
In fact the matter was not discussed, ana
so there was no informa ton ELECTED on that
point; 1854 was the bid, and the asking
price was a quarter of point in advance.
Mitchell Mining got back to the level be-
fore the recent rise. There was quite
good deal Of buying at Oh but 1t was not
enough to exhaust the supply at that price.
Bids for large blocks such as 500 shares
were heard at 5A, and they were to be had
at 81, but nothing was done.
Today's Government Receipts.
National bank notes received today for
redemption 81. 269, 1888; government receipts