Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-05
LOCAL FINANCIAL NEWS

A bid of Il for the common stock OF the
Washington Railway and Electric Com
pany was made today at the meeting Of
the stock exchange and maintained. The
stock that was for sale at that level and
less had been taken. The supply OF such
stock was rather moderate, and no large
quantity was in the way of advancing the
figures over those Of yesterday.
Options were in good demand. and sales
were made at 41N and 41x-
There was nothing done in the preferred
stock Of the company, and no change was
made In the quotations.
Gas stock also made an advance az COM
pared with the figures of yesterday. Some
rather liberal buying was done by one or
the brokers Of the stock at fractionally be-
low that level and on that level until he
had taken all that was on the market to be
had at and below 90.
Then he withdrew his bid and offered
the stock at 60, but there was no buying
and the stock closed with 1t still offered at
that price and the bid an eighth Of a point
less
Telephone stock was offered down to 51h.
but the bid was nearly a point less. and SO
asking price was withdrawn and the figure
of yesterday substituted for 1t. namely IS.
A few lots of Mergenthaler sold for high
er figures than have prevailed, as 214A and
2141s were paid. At the close the bid was
pa, and the asking price half point in
advance.
The stock Of the Merchants Transfer and
Storage Company has been listed on the
Washington Stock Exchange. The author
lied capital stock of thu company Is $780,
600 and of this amount $225 600 has been
issued. The company has been in business
here for a number of years. but until COM
paratively recently its stock was held In
but a few hands. Owing to more general
distribution 1t was thought best to list the
stock with the other local securities.
Since the organization OF the company In
1901, when 1t absorbed the business of the
Merchants Parcel Delivery Company, 1t
has paid each year a dividend. Continuing
the transportation and the parcel delivery
and freight hauling business Of the parent
company the new organisation established
a storage department and erected hre-
proof building in the central portion Of
the city. The president of the company Is
Mr.. John l. Newbold
Announcement is made of the lease by
the Post Office Department OF the freprOof
furniture storage building OF the Terminal
Storage Company which is located at the
corner of list and X streets northeast. In
the future the business of the company will
be confined to the storage OF merchandise
for which its advantages Of location are OF
special value. The business of the company
was formerly carried on as one of the de-
partments of the Union Trust Company.
1t Is proposed by the Security Storage
Company, which was formerly depart
ment Of the business of the American Sc
curity and Trust Company, to enlarge Its
building and it Is also understood that the
capital stock of the company may be In
creased from 100000 to 100000 some time
in the future.
AS result of the investigation made by
committee of the clearing house In re-
gard to bringing about Uniformity In bank
Ing hours not alone among the members
Of the clearing house who are exclusively
the national banks, but among the banking
institutions of the city which clear Through
the members, 1t is understood that con-
clusion has been reached not to attempt to
make any change in the present practice.
Today's Government Receipts.
National bank notes received today for
redemption. $766. 1877; government receipts
from internal revenue. $424 .662; customs.
1892 297; miscellaneous, $85,303; expendi-
lures, 50, 10000