Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-10-01

ing houses of number, in fact, of an I'M
usual number. OF these institutions. Ad-
vantage has been taken of the let-up in the
rush of business during the past few
months to carry out plans of improvement,
and. as noted In The Star. these are in
tended to increase the facilities of an ex-
panding business. These material changes
were preceded by an increase in the bank
ing resources of the District. so that it was
only natural that in individual cases addi-
tional room was provided.
AS compared with the official statement
of the condition Of the financial institutions
OF the District In September of last year,
the figures for last month show that the
banking resources of the District have adj
vanced from fifty millions to over fifty
seven millions of dollars. while the surplus
and profits have increased from over three
millions to over five millions and a half
These statistics furnish substantial evil
dence of the growing Importance of the
financial interests of the city.
A meeting Of the stockholders of the re-
Gently Incorporated Peoples Bank. located
at $40 F street northwest, was held today
and an organization was effected with the
election of the following officers: President.
Samuel ]. Masters: first vice president.
William J. Dwyer; second vice president.
II. 8. knight: secretary, ]. B. kinnear; at
torney for the bank. Wilton j. Lambert.
The following directors were also elected:
Samuel J. Masters. Wilton ]. Lambert
William ]. Dwyer. II. s. Knight. J. B. Kin
near and Charles F. Sudwarth. The bank
opened today for business.
Transactions were again brisk today on
the stock exchange and quite a large num-
Der of shares of stocks changed hands. 1t
was evidently the opinion OF some that the
low point had been reached In the case of
some securities. although the buying in
several instances was by no means free.
A large number of sales of Mergenthalcr
were made. but mostly In small lots, the
prices ranging from 1885 to 169ts
The dealings in Capital Traction were
small. One hundred shares were offered at
119. but there were no buyers except the
broker who had offered the stock at that
figure and he bought 1t. One hundred and
twenty was bid for three shares and 1874.
for eight shares
In the bond list there were some transac-
lions. 900 Washington Railway As selling
for TN.
There were no transactions in gas stocks.
but the certificates sold for 800 to 1917.
SiXty-One bid for twenty-three shares
of the stock and 5S1s for fifty. The stock
was offered at coz and the highest bid
5S7.
A few shares of Lanston brought and
CTS, while some 400 shares of Graphophone
preferred went at prices ranging from SIS
to SSA.
Certificates of incorporation of the follow
ing were placed on record here today:
The Postal Improvement Company of
Washington, ID. c.: capital stock, $1o0, 900:
1ncorporators. William j. Sheetz. Augustus
Z. CLANCY and Clarence b. Hazard.
The w. Ryder Down-draft Smokeless Fur
mace Company; capital stock, 5000 Oo0; in
corporators. Watson Ryder. John T. TSenne-
son and Charles M Catlin
The National Loan and Investment Com
pany capital stock. 5000; incorpora tors
John G. Slater. Robert Y. Slater Charles
Nelson.
The Bureau of Engraving and Printing
AID Association; incorporators. j. Harry
Harr1s benjamin Young. W. w. Ford
Rufus Delaney and W. E. Reed