Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-12-14
LOCAL FINANCIAL NEWS.

The recent activity in the stock Of the
American National Bank, which was at
tributed to the late transfer in the con-
troll of large block Of the Harper hold
ings, has apparently subsidized, as today
only ten shares were traded in. The bid
was not within half point of the current
selling price, except in one instance, and
then the solitary sale of the day was
made.
While the demand for it did not appear
to be quite as sharp as Saturday. at the
same time there was apparently none for
sale at the price noted, as the figure did
not get below 1s9.
There was nothing Of consequence &C.
CURED during the call of the bank and
trust company stock list as the figures
that have been renewed from day to day
were, as a rule. repeated.
There was one exception, and that was
the advance in the bid for the stock of
the American Security and Trust Com
pany. which rose to 234h, while the last
bid recorded in the case of this stock
was 231. The stock was offered at first
Al 240, but that was Withdrawn and go
substituted for it.
The broker making the bid remarked
that he wanted the stock because of 1.-The
bad statement, as he expressed 1t, which
was recently made by the company, mean
ably referring to the one In which a
comparison is made Of the deposits and
surplus and undivided profits from the
first report of it's business in 1891
TO the present time. This shows an in
crease in deposits from over a half a
million dollars to about seven and a hall
million, while the surplus and undivided
profits have gone from million and a
quarter to nearly five millions.
Capital Traction stock and the common
and preferred stocks Of the Washington
Railway and Electric Company sold on
lower levels than usual, but there was
not shown much keenness to trade on
either side. At one time the preferred
stock was offered in large blocks at S471
and then the same broker turned about
and bid IS for large blocks and got no
response in either case.
The common stock sold on a range OF
from 3Sk to IS and the preferred from
So to S47s. while Capital Traction sold
both In quotation lots and broken lots
for 1904. This latter security is drop
and 1t is thought when the level in view
is attained that reaction will set in and
then. according to the program which
has been arranged in some minds as the
one to be followed by those who are TAX
ing an active part in this movement some
positive announcement may be looked for
In regard to a further issue of the per
cent bonds. which are in the treasury
of the company.
A sale of ten shares Of Bell Telephone
of Pennsylvania Company's stock at 1Oa
marks the highest point that has been
reached by that security since it was
placed on this market. The rise that has
been going on for some time past reached
it's present high point in the record made
today. The bid after the sale was 1881
and the asking price 1O7.
The newest addition to the list, namely,
the stock Of the Emerson Steam Pump
Company, an Alexandria concern, an
peared today among the active securities.
and 100 shares changed hands at the uni
form price OF is. This stock is traded in
at quotation lots Of twenty-five shares
each.