Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-09-23
LOCAL FINANCIAL NEWS.

In the course Of few days bids Will De
opened for the reconstruction Of the AQue-
duct bridge, in order to permit the lay ing
Of tracks for the use Of electric street rail-
ways It Is expected the work will be COM
pleted during the coming winter, although
there is some apprehension Of delay on &C
count of the estimate probably being be-
yond the limits of the available money.
When the tracks on the bridge are COM
pleted the cars Of the Falls Church rail-
way will pass over them. and also the cars
Of the road that is to be built from Great
Falls will come to the Georgetown end Of
the bridge. The beginning of the construc-
ton Of the Great Falls railroad is under
stood to be dependent upon the completion
of the work upon the bridge, and 1t is
claimed that active building operations will
be begun in time to have the road done
when the bridge Is finished.
The increase in the amount Of government
money on deposit in District banks, as re-
Gently noted, is not, 1t is hardly necessary
to say. for the purpose of relieving the de-
mand for currency caused by the annual
movement OF the crops. The local banks
are effected, no doubt, indirectly at least.
by the temporary reduction in the funds
available for business purposes caused by
the withdrawal OF money from the east to
pay the western farmers for their crops. A
more direct local effect upon banking oper
payment of District taxes.
Between four and five millions of dollars
are taken out Of the local banks and locked
up in the United States treasury each
spring. Last May the entire real estate
tax was paid in one installment, and this
year it Is optional with taxpayers to pay
one-half Of the tax on their property in Mo-
vember and the other half in May.
Whether the entire amount Is paid at one
time or in two fnstallments does not change
the situation materially. and local bankers
are Of the opinion that some method should
be devised to relieve the situation. which is
thus forced in the District each year. The
remedy most generally approved is to pro-
vide by law for depositing the money paid
by District citizens for local taxes in the
various banks Of the District. In this way
it Is argued the banking resources OF the
District would not be impaired.
Certificates of incorporation of the fol-
lowing have been placed on record:
The knights of Agriculture. fraternal
beneficial association; incorporators. Mil
lard ]. Holmes. Amos Tyree. w. c. Larkin,
Thomas P. Moore, John c. Louthan. M. E.
Tyree. James 8. Maddux, F. L. Holmes and
F. w. Dtdier.
The Beneficial Bond and Security Com
pany. capital stock, $780, 600: incorporators.
Charles E. Sessford. Murray s. Dunbar.
James w. Slye and J. Rollin Fitch.
The National Extraction Company CAPT.
tai stock. $4,000: incorporators. R. s. Don
aldson. ]. F. Shepperson. E. w. Mccormick,
Charles H. Martin and William White.
The Cleveland Furniture Company. CAPT
tai stock, $4,000: incorporators, ]. R. Por-
ter. J. A. Black and " M Fookes
The Signaling Attachment Company.
capital stock, $4,000; incorporators A. M.
Legg, Collin PEBBLES. E. M. Phelps, ]. H.
Swerdfger, B. T. Doyle, ]. M. Vendenhem,
G. A. Swerdfger. H. A. Paquette, Robert
Rodney and ]. A. Schultz.
A feature of some interest on the Wash
ington Stock Exchange today was the sale
Of some 100 shares of Capital Traction
stock After call what was presumably the
same stock was again sold The stock was
offered in blocks and the general price was
123 with fractional changes both below
and above that point. There was no par
ton.
Ten shares of gas stock were sold for 61M.
while the stock was offered at 60 and 6OA
was bid.
A sale of ten shares of Bank of Washing
ton stock was made, the first for some time
past The price paid was 430.
One share of telephone stock found pur-
chaser at 3S, and later on when an offer OF
80 was made, the same share was trans
ferred at the advance figure.
Quite a block of Washington Railway pre-
ferred went for 1914 and 39A. The market
recently shows some indication of being
able to take these securities. Some of the
per cent bonds Of the company were also
sold.
$500 coupon per cent government bond
was sold for 1O9A. and a similar price was
offered for another bond, but there was
none for sale.
Todox,,, Ho.x.-L