Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-06-20
is. therefore. interested IN the condition OF

Is. therefore. interested IN the condition OF
the loan market
According to this statement" he went
on. over 20 per cent OF the total deposits
in the financial institutions referred to IL
sent to institutions out Of the city. The
interest secured on such deposits Is as a
rule, not more than per cent 1t seems
to me that this Is rather a singular condi-
tien of affairs. especially I'm view OF the
fact that the rate of interest In this city on
collateral loans is Az per cent. which Is
between and per cent higher than rates
in New York city.
1T has occurred to me that IL the rate of
interest here were reduced that possibly the
local financial institutions could find
for their money here on better terms than
they are getting on their funds now in out
side banks. 1t Is possible that there'is not
enough business here to keep I'm use all
the available funds of the banks and trust
companies. but that could be more clearly
demonstra ted, IL money was as cheap hers
as II is elsewhere"
In reference to the interest rate on loans
which row prevail in this city member Of
a stock brokerage firm said today that he
understood the so-called combine" had
under G, nsideration the reduction In the
present rate on collateral loans to take eff
feet after the LIST of July next.
government to the New York stock ex-
change. which is to take place tomorrow.
leads the poet OF the Boston News Bureau
TO express himself follows:
We fuatcd his bonds. hence this from the car
He can spare 1.-THE Jsps give him daily jar.
The demand for the bonds of the Wash
ington Railway Company at today's meet
ing of the stock exchange was strong and
well sustained. AS result of the buying.
all bonds that were for sale at I6A4
were taken, and sales were made at
7GA. At the close of the dealing after call
the asking price was II and the bid I6&-
An advance was made in the bid OF tele-
phone bonds from 10i1n to 1919. There
were no bonds offered.
There was some trading done In Capital
Traction. but 1t happened after the call.
One lot of 100 shares WAS sold at l22i1. and
then "A quotation lot of - shares at the
same price. At one time the asking price
was down TO 122S. while the bid reached
the highest level at 122h. After the sales
the bid was Id for 100 shares.
The lowest asking price for Washington
Railway preferred stock was J1A. which
was withdrawn and 5I14 substituted The
best bid was 56h.
19412 was bid for ten shares of American
Security and Trust Company stock Five
shayes were sold for 100. The asking price
was 200.
Two shares of Washington Loan and
Trust Company were offered for sale at
shares was 207 and the asking price 2l2.
Two lots of p shares each Of Potomac
Fire Insurance Company stock Were sold
for %. After the first lot had been mar
keted the bid receded to 247s An advance
made of eighth and the remaining
lot of p shares that was for sale was
taken. The bid was renewed at -, with the
Offering at %.
One hur dred shares of Riggs Fire lnSur-
ance Company stock were for sale at s[.
the bid price of Saturday being Sh. The
stock was taken on the former level
There was evidence of some disposition to
trade in Mereenthaler today. but nothing
came Of IL. The stock was offered at 11+h.
bu. the best bid was 11ih.
The bidding for Lanston continued to
be strong as compared with few days
back and the greater interest manifested
in this stock is attributed to the prevalent
belief that after July 1. both the Lanston
and the Mergenthaler machines are to be
in use in the government printing office.
The bid price today during the call was
S1h while on Saturday II was SIS The ask
ing price was 9h and Saturday 1t was D.
After call was bid and then pa without
result.