Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-01-08
LOCAL FINANCIAL NEWS.

& AS this was bank election day q number
of the brokers VINO are usually to be found
at the daily meetings OF the board were not
on hand at the session, or Il they came In.
they did not stay long. The bank elections
this year had no unusual feature except
In perhaps two cases. and the rule
was followed Of re-electing those who had
been serving the various Institutions as
members Of the board Of directors.
Two Of the banks still adhere to the Gus
tom which used to be more generally fol-
lowed than is the case at present, and made
Of the occasion something Of social affair
by serving luncheon in the directors room
to the stockholders The Second National
Bank and the Farmers and Mechanfcs
Bank had spreads for those Of the stock
holders who visited the banking house for
the purpose OF depositing their ballots or
In the usual course OF business.
The officials of the various banks felt
cheerful as they looked back upon the past
year Of good business and increasing prof.
It's and, OF course, the stockholders, who
were also aware of the results OF the year 8
work. were naturally in good humor. 30
that there was a festive air about these
centers OF business
As rule the members of the boards of
directors Of the banks were reelected. Ad-
ditions, however. were made to the number
OF directors Of the American Bank; changes
were also made in the board Of the Traders
and Of the Bank Of Washington. In the
case of the latter the new members repre-
sent the change that Is to take place In
that institution by which its capital is to
De increased and 1t Is to absorb the Central
National Bank. The president, Mr.. James,
retires from the head OF the bank after
having been connected with that institution
for the past fifty years. Mr.. C. F. Nor
ment will be chosen in his stead.
The changes made in the board OF the
traders Bank also.ts understood to be fol-
lowed by change in the presidency. Mr..
Henning retiring and Mr.. Rixey, the first
dent
The youngest bank IN the list, the Ma
tional City has just completed the first
year Of its active business career, and it
has met with SO much success that its earn
ings VIII enable 1t to begin the payment Of
dividend In July next.
There was not much of consequence done
IN the way Of trading at the meeting today
OF the stock exchange. Gas stock sold to
the extent OF one lot Of twenty five shares
at ON, and an option was bid on one
hundred shares at 57S At the close the
stock was to be had at 57A. and the bid
was one-eighth Of a point below that
Some trading was done in Greene Copper
but on somewhat lower level than was
the case yesterday. A bid of SO was made
for an option on 500 shares or any part,
and only one-dfth of that amount was fur
nished
The stock sold from 32X down to 32N.
The supply Of Michel mining stock for
sale at 5A was exhausted with the pur-
chase Of five hundred shares in FIVE one
hundred-share lots. At the close the bid
was on that level and the asking price was
an eighth higher.
Several blocks Of American National
Bank stock sold for ITO, and that was the
bid for more. without any being offered
for sale at any price. The bid for this
stock yesterday was 1913. with ITS as the
asking price.