Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-22
LOCAL FINANCIAL NEWS.

The preferred stock Of the Washington
Railway and Electric Company was In
better demand today at the meeting Of
the Stock Exchange than has been the
case for some time rast. The improve
ment, however, was relative az far as the
volume OF the demand was concerned.
Higher levels were reached even with a
rather limited trading, AZ the range OF
the selling was 9lk to 91as. Four quota
ton lots Of nifty shares comprised the
entire amount OF the sales. with the ex-
ception OF two small lots. At the close
the BID was ok and the asking price
9l1s. Yesterday the quotations were 90h
bid and ON asked.
Gas stock continued on it's upward
course. About the usual fractional
advance was noted. The market was
broader than was the case yesterday, as
there were a couple Of purchasers in the
The range Of the prices paid today for
the hundred shares dealt in was 73ss to
%, while yesterday the range was from
129s to 1874. At the close today the bid
was I3N while the asking price was 74A.
1914 asked.
In the bank stock and trust COM
pany list there was not much done in
stock Of the American Bank was ad-
vanced from 100 to 1872. with no stock
offered. The figures for the Capital
Bank were not changed. but the recent
higher levels reached in its case APP
pear to some observers to confirm the
rumor that directors are considering
the proposition Of increasing the rate of
dividend paid from to 10 per cent.
Four lots OF five shares each of Met
ropolttan Bank stock were sold for 2O5ls.
A Uo nf
200 shares. and subsequently the same
broker bid 2O1 for 100 shares, but no
lot OF that size was offered for sale. or.
IN fact, OF any size larger than 10 shares.
At the close the bid was 306 and the
asking price 2lO. which were the same
as those Of yesterday.
Announcement was made that the quar-
terly dividend of the American Security
and Trust Company payable the 10th %
next month would be at the rate OF 2k
per cent instead OF 9, an increase In the
annual dividend from 8 to 10 per cent.
AT the new rate the annual amount tn t
will be distributed among the stock
holders on this account will be 100000.
Interesting news comes from Batopilas
Mexico, OF the output Of the mines Of
the Batopilas Company. and the improved
methods In mining and In reducing the
ores. the cyanide process recently In
stalled yielding In treatment of second
class concentrates and pan falling over
80 per cent Of the silver contents an in
crease OF about II per cent extraction
over the old method. and a saving In
cost OF approximately 60 per cent. The
bullion product for the month OF Noveul-
Der, 1909. was $1,000 ounces.
At the annual election by the stock
holders OF the Home Savings Bank jus.
held. the members Of the board of direc-
tors were reelected and subsequently at
meeting OF the board the officers were
Saul: vice president. James F. Shea; sec
rotary. Alex S. Clarke. and treasurer.
Howard Moran. The board Of director is
composed Of the following: william H.
Burch, Alex 8. Clarke. Anthony Goerler.
John B. Geier, William Hahn, j. Philip
Hermann. r. Harrison johnson. Ray Z
Middaugh. William Miller, Howard Mo-
ran. John H. Rupert. B. F. Saul, James
f. Shea and John .Shughrue.