Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-22
LOCAL FINANCIAL NEWS

Union Trust Company stock was want
ed again at today's meeting of the stock
exchange by the broker who bought 100
shares yesterday. At that time he paid
1141s. and he was willing to give that to-
day for any part OF 100 shares. which
bid he subsequently raised to Has. The
trading today was confined to five ten
share lots at 114H to 114h, with some
broken lots offered. At the close the
bid for ten shares was 114Z with 115
asked.
The president of the company. Mr..
Stellwagen, who is also member of the
exchange. attended the session today for
the first time this year, it was said on
the floor, and he was given welcome
such as is usually accorded new
conner. 1t was thought that yesterday S
movement in the stock had something to
do with his temperance. but in response
to an intimation of that sort he said that
he had not known of the transaction re-
ferred to-
1t is supposed the advance in the price
of this security is due to the announced
increased earnings of the company aris-
ing from profitable year of business.
American Bank stock, which made a
record yesterday by selling as high as IS:
some ten points above the last sales. was
in demand again today. but on a some
what lower level. Ten shares were sold
and ISL was the figure obtained for them.
The bid was then $50, while the asking
price was 19J.
The supposition is that the interest
taken in this security at this time reflects
mainly phase of the situation in regard
to the annual election of president of the
bank, which takes place the coming jan
uary.
Two ten-share lots of United States
Trust Company stock sold for 81 and
one hundred shares were offered at the
same figure. The bid for the stock at
the close was 96s4. with 81 asked.
Twenty-Five shares of the stock of the
Firemen's Fire Insurance Company sold
call precisely similar transaction was
recorded. In addition a bid was made
for one hundred shares at Is.
was slight, but the higher prices that
have been reached in recent days were
maintained and some further progress
made in that direction.
The frequency with which bids for
municipal school bonds are invited at this
season of the year, when the pressure
upon these institutions is the greatest, is
evidence to the Wall Street Journal that
as a rule our cities are not providing
directly out of the current tax income
for their educational needs"
Atlantic City is now advertising for bids
for an issue of $4,000 of AZ per cent
bonds and the city of Harrisburg, Pa, for
$4,000 of per cent bonds.
table has been prepared showing the
prices of some of the leading railroad
stocks October "a. 1907. when the lowest
level was reached in the late panic as
compared with the market rates as re-
corded yesterday. Such a comparison
shows the principal advances to be as
follows: Union Pacific, 6SA points; Read
ing. 61ss: Northern Pacific. 10; Southern
Pacific. 42A: st. Paul. $685. Great North
ern. 251A: Baltimore and Ohio. 2O1t:
Atchison. 1915; Illinois Central. 10; Brook
lyn Rapid Transit, 1917; Chesapeake and
Ohio. 1914: Louisville and Nashville. 14ks:
Pennsylvania, 10A. and New York Gen.
trail. 81.
The changes for the same period in the
case of some of the industrial stocks are
given as follows: Consolidated Gas. u
points; National Lead. 4S; American
Sugar. 35h; Amalgamated Copper 34k ::
United States Steel 25M: American
Smelter. 24A; Colorado Fuel, 219s: United
States Rubber. 17A: New York Air Brake.
1854. and Pressed Steel Car. 1915.
A similar comparison Of the course OF
prices for some Of the more active stocks
listed on the local exchange gives the
following results: